Development Considerations Sample Clauses

Development Considerations. 10.1 Seller agrees to cooperate with ▇▇▇▇▇ and use its commercially reasonable efforts to expeditiously process ▇▇▇▇▇’s development plans relating to the Property. Such cooperation shall include but not be limited to promptly executing applications and other documents for governmental permits or approvals affecting or relating to Buyer’s planned development of the Property, including, but not limited to architectural, improvement and site plan approvals, use permits, recordation of the final map, submittals and re-submittals, as well as other documents reasonably necessary to process Buyer’s development plan. Seller has submitted to Buyer Seller’s proposed predevelopment timeline, which is attached hereto as Exhibit “G”. Seller agrees to use its commercially reasonable efforts to respond to ▇▇▇▇▇’s submittals in the timeframes set forth in Exhibit “G”. 10.2 Seller agrees, as of the Closing Date, to assign to Buyer any and all development rights, approvals and entitlements for or relating to the Property, to the extent assignable or transferrable, including under any development agreement pertaining to the Property (the “Development Rights”), on the terms and pursuant to the form of the General Assignment attached hereto as Exhibit “E”. The Development Rights shall be assigned to Buyer under the General Assignment, however, specific Development Rights the terms of which require separate assignment and assumption or which require that such assignment and assumption be recorded in the Official Records of the County of Orange, shall be assigned by separate instrument reasonably acceptable to Buyer and Seller and consistent in all respects with the terms of this Agreement. 10.3 Subject to the terms and conditions in this Section 10.3, from and after the Close of Escrow, Seller shall grant Buyer permission to export dirt from the Property to that certain adjacent real property comprising approximately twenty-seven (27) acres that is owned by Seller and located south of Lakeview Avenue, north of Bastanchury Road, west of Eureka Avenue, and East of Casa Loma Avenue (APN’s: ▇▇▇-▇▇▇-▇▇, ▇▇▇-▇▇▇-▇▇, ▇▇▇-▇▇▇-▇▇, ▇▇▇-▇▇▇-▇▇, and 323- 161-09)_(the “Adjacent Seller Property”), in connection with Buyer’s development of the Property. Prior to exporting any dirt from the Property to the Adjacent Seller Property, Buyer shall obtain a stockpiling permit from Seller. Notwithstanding anything to the contrary in this Section 10.3, except as otherwise approved, in writing, by Sel...

Development Considerations. Developer’s intended use of the Property is a

Development Considerations. The property is currently zoned under the Liberty Township zoning ordinance, which township zoning previously permitted a “big box” retail store. The parties agree that “big box” retail is not the appropriate zoning of this parcel. Landowner’s or Developer’s intended use of the Property is that of a Planned Commercial District (PC) under the Powell Zoning Code to include a mix of commercial and residential uses such as neighborhood retail and office uses, and a multifamily rental community to include attached homes targeted for senior empty ▇▇▇▇▇▇ housing. Landowner and Developer propose the Development Plan for the Property attached hereto as Exhibit B and incorporated herein by reference. The City agrees that the Property will retain its Liberty Township zoning, including any development plan and development standards text approval, pursuant to Chapter 1141 of the Codified Ordinances of the City of ▇▇▇▇▇▇. Upon filing of an application to rezone the Property under the Powell Zoning Code, Council intends to enact legislation formally referring such application to the Powell Planning and Zoning Commission for its review and consideration in accordance with the applicable provisions of the Codified Ordinances. Such review and consideration shall occur during the pendency of the annexation process. The City’ planning staff and administration agree that, if the rezoning application and accompanying preliminary development plan is generally consistent with Exhibit B attached hereto, City staff and administration will professionally review and timely process the application to zone the property to a PC Zoning District. The City understands it has one hundred twenty (120) days to accept the annexation after the annexation petition has been approved by the Commissioners and a copy of the record is filed with the Clerk of the City and laid before Council; (ORC Section 709.04). At the request of the Landowner, the City agrees to delay acceptance of the annexation until legislative approval of the rezoning can be accomplished contemporaneously with the acceptance of the annexation. If, for some reason, the rezoning ordinance cannot be approved in a form or substance acceptable to Landowner, the City agrees, at the request of Landowner, to permit Landowner to withdraw its request to annex the property to the City and/or to forbear from acceptance of the annexation by allowing the 120-day period to expire, thus effectively rejecting the annexation of the Property. If ...

Development Considerations. The property is currently zoned under the Liberty Township zoning ordinance as Farm Residence District (FR-1). The parties agree that FR-1 is not the appropriate zoning of this parcel. The intended use of the Property by the Landowner and Developer is that of a Planned Residence District (PR) under the Powell Zoning Code to include a rental community containing forty-two (42) two-family residences contained within twenty-one

Development Considerations. Landowner’s intended use of the Property is that of a Verizon Retail Store. Landowner’s proposed use is set forth in more detail on the attached Development Plan for the Property, attached hereto as Exhibit B, and incorporated herein by reference.