Development of Property. XXXXX agrees, at BUYER’S expense, to develop the Property by completing constructing a single-family home on the Property suitable for occupancy within twenty-four (24) months from the date the deed conveying the Property from SELLER to BUYER is filed with the Marshall County Recorder, subject to such reasonable extension(s) BUYER and SELLER may mutually agree upon, in writing. The requirement that BUYER construct a home on the Property shall not preclude BUYER from moving a home to the Property from another location. BUYER’S development of the Property shall comply with all relevant provisions of the City Code of the City of Marshalltown and BUYER shall obtain all necessary permits and undergo all necessary inspections. Until such time development of the Property is complete and a certificate of occupancy issues, BUYER shall not encumber the Property by lien, mortgage, or other similar debt obligation, nor sell the Property to a third-party, without the express written consent of SELLER. The provisions of this Agreement, generally, and this Paragraph, specifically, shall survive closing.
Development of Property. Developer shall have the right to develop the Property as set forth in the Vested Approvals and in accordance with this Agreement. City shall have the right to regulate development of the Property in accordance with the provisions of this Agreement.
Development of Property. Subject to the approval of any Governmental Authority with appropriate jurisdiction, Developer shall have the right, but not the obligation, for so long as Developer owns any portion of the Property, or until such earlier date as Developer elects in its sole discretion to relinquish such right, to make improvements and changes to all Common Areas and to all Lots owned by Developer, including without limitation (i) installation and maintenance of any Improvements in or to the Common Areas, (ii) changes in the location of the boundaries of any Lot owned by Developer or of the Common Areas, (iii) installation of any water, sewer and any other utility systems and facilities within the Common Areas, or (iv) any other change or Improvement to any portion of the Common’ Areas or to the Lots owned by Developer.
Development of Property. Xxxxxxx and Operator agree to develop the Property as an automobile dealership and related uses, with development commencing on or before December 31, 2013, and being substantially completed on or before December 31, 2014 (the “Development”). The Development shall include the demolition of the current automobile showroom facility, the construction of a new automobile showroom facility, including façade improvements and landscaping improvements, all as depicted on the Site Plan attached as Exhibit B. The Development shall comply in all respects with the requirements of the Rochelle Municipal Code on the Commencement Date of Development, except as expressly set forth in this Agreement, unless a variance is granted following the procedures set forth in the Xxxxxxxx Municipal Code; provided, however, that the Operator may, by written notice at the time the application for building permit is filed, elect to use the requirements of the Rochelle Municipal Code on the date of this Agreement. Any election made by Operator as to Code provisions shall apply to the entirety of the Rochelle Municipal Code on the date elected. The City agrees to promptly review applications for, and, provided the Operator is in compliance with the applicable Rochelle Municipal Code, issue such permits as may be required to facilitate and enable Operator to complete the Development within the time constraints contemplated by this Agreement. The Property, as so developed, shall employ a minimum of twenty five (25) full-time equivalent employees for at least five (5) years. “Commencement Date of Development” is defined, for purposes of this Agreement, as the date that any building permit is issued by the City for any portion of the construction of the Development.
Development of Property. 4.1 The City agrees to the Development of the Property, and the Developer agrees that it will Develop the Property, only in accordance with the terms and conditions of this Agreement and all requirements of the City Code; Ordinance No. 2021-03; and all other applicable laws and regulations, including without limitation all City Ordinances and regulations, all State statutes and regulations, and all Federal laws and regulations.
Development of Property. Developer agrees to develop the Property as residential housing by constructing two 10-unit townhouse multi-family buildings, with development being completed on or before December 31, 2018. The Development shall comply in all respects with the requirements of the Xxxxxxxx Municipal Code, except as expressly set forth in this Agreement, unless a variance is granted following the procedures set forth in the Xxxxxxxx Municipal Code.
Development of Property. Owner agrees to develop the Property as a "Big R" farm, home and ranch family store, with development commencing on or before May 1, 2012, and being completed on or before September 1, 2012. The Development shall include a warehouse addition to the existing structure of at least 12,000 square feet, as well as renovation of the existing structure to conform to the general appearance of other "Big R" stores owned by Owner. The Development shall comply in all respects with the requirements of the Xxxxxxxx Municipal Code, except as expressly set forth in this Agreement, unless a variance is granted following the procedures set forth in the Xxxxxxxx Municipal Code. The Property, as so developed, shall employ a minimum of forty (40) full-time employees for at least five (5) years.
Development of Property. Grantee acknowledges that Grantor intends to develop the Property for such uses as may be legally permitted. Accordingly, Grantee shall cooperate with Grantor, at no cost to Grantee, to reasonably accommodate the Property development plans of Grantor, provided that such plans do not adversely affect the rights of Grantee under this Agreement. Grantor shall not develop or use the Property in a way which will cause the non-compliance of Grantee's permitted use of the Easement Areas with any local, state or federal laws, statutes, ordinances, or rules.
Development of Property. Carvana has determined that the Property is acceptable and suitable for its planned development and use for the operation of the Permitted Operations and has obtained all necessary approvals, permits, and other authorizations required for its development and operation of the Property in accordance with the Disbursement Agreement.
Development of Property. Owner agrees to develop the Property as a "Liquor N’ Wine" retail liquor store, with development commencing on or before August 1, 2016, and being completed on or before June 1, 2017. The Development shall include construction of an 8,500 square foot retail facility, as well as demolition of the existing structure. The Development shall comply in all respects with the requirements of the Rochelle Municipal Code, except as expressly set forth in this Agreement, unless a variance is granted following the procedures set forth in the Rochelle Municipal Code.
