Effective Date and Recording. This Agreement shall become effective on the date the last of the Parties executes this Agreement as indicated below (“Effective Date”) and will continue in effect, unless earlier terminated or as otherwise provided herein, until all of the roads identified in Table 1 and Table 2 below are transferred in accordance with the terms of this Agreement. Pursuant to Section 163.01(11), Florida Statutes, the County shall file a fully executed copy of this Agreement with the Clerk of the Circuit Court of Alachua County, Florida.
Effective Date and Recording. This Agreement shall be executed by City, the Owner, the District, and the Landowner promptly following approval of this Agreement by the City Council, provided that this Agreement shall not be binding upon the Property until and unless this Agreement recorded by the Owner in the real property records of the County. In the event the Owner fails to record this Agreement in the real property records of the County within one
(1) year following approval of this Agreement by the City Council, this Agreement shall automatically terminate and be null and void with no party having any further obligation or liability under this Agreement, except for the obligations of the Owner in Section 15.3, which shall survive such termination. Following the Full Execution Date, the Planning Director shall hold the fully executed Development Agreement in trust pending (a) the possible amendments of this Agreement pursuant to Section 3.2.1 and Section 3.2.2 and
