Execution and Recordation of Development Agreement Clause Samples
The "Execution and Recordation of Development Agreement" clause establishes the requirement for both parties to formally sign the development agreement and for the agreement to be officially recorded with the appropriate government office, such as the county recorder. In practice, this means that after negotiations are complete, the parties must execute the agreement in writing, and then ensure it is entered into the public record, making its terms legally binding and discoverable by third parties. This clause serves to provide public notice of the agreement, protect the interests of the parties, and ensure enforceability of the development terms against future owners or interested parties.
Execution and Recordation of Development Agreement. Not later than five (5) days after the Effective Date, the City, by and through its Mayor, shall execute and acknowledge this Development Agreement. The City Clerk shall, within five (5) days of the Mayor’s execution of this Development Agreement, cause this Development Agreement to be recorded in the Official Records of Contra Costa County.
Execution and Recordation of Development Agreement. 1. Within ten days after the ordinance approving the development agreement takes effect, the City Manager shall execute the development agreement on behalf of the City, and the City Clerk shall record the development agreement with the county recorder.
2. If the parties to the agreement or their successors in interest amend or cancel the development agreement, or if the City terminates or modifies the development agreement for failure of the applicant to fully comply with the provisions of the development agreement, the City Clerk shall record notice of such action with the Alameda County Recorder. (Ord. 6033-NS § 6, 1991)
Execution and Recordation of Development Agreement. The City shall have the right to unilaterally revoke its approval of this Agreement if Developer fails to sign and execute the Agreement within 90 days of the public meeting at which the City approves the Agreement. No later than ten (10) days after the City executes the Agreement, the City Recorder shall cause to be recorded, at Developer's expense, an executed copy of this Agreement in the Official Records of the County of Wasatch.