Lot Line Adjustment. The City shall initiate lot line adjustments within the Project Area reasonably sufficient to permit development of the Project. The City acknowledges that approval of such lot line adjustments is a condition that must be satisfied prior to execution of the Land Disposition Agreement.
Lot Line Adjustment. Lessee shall reimburse Lessor for all out-of-pocket expenses associated with Lessor perfecting the lot line adjustment to combine the 2.765 acres of Parcel A with Tract A. In the event that Lessor is unable to obtain the required governmental approvals within 60 days from the date hereof, this Amendment will terminate, and each party hereto agrees to release the other from all of the obligations contained herein. It is understood that no improvements shall commence until Lessor advises Lessee that all governing authorities have approved said lot line adjustment.
Lot Line Adjustment. (LLA) The Owner desires to adjust the northern property line of the Owner Property so that an approximately equal exchange of property occurs.
Lot Line Adjustment. Before the expiration of the Feasibility Study Period, Buyer shall have the right, at Buyer's sole cost and expense, to obtain all governmental approvals for and arrange with the owner of Lot 30 for the recording of a lot line adjustment or other document transferring a portion of Lot 30 to the Real Property, as necessary to increase the square footage that can be developed on the Real Property as an administrative/laboratory building to at least 78,000 square feet (calculated in accordance with the Planned Industrial Development ("PID") regulations governing the Real Property) (the "Lot Line Adjustment"). Buyer shall have the right to terminate this Agreement upon written notice to Seller at any time prior to the end of the Feasibility Study Period if Buyer is unable to timely complete the Lot Line Adjustment, otherwise such contingency shall be deemed waived as of the expiration of the Feasibility Study Period.
Lot Line Adjustment. Seller shall have until the Close ------------------- of Escrow to cause a lot line adjustment (the "Lot Line Adjustment") to be recorded in the Official Records of Los Angeles County, which adjustment is necessary in order for the Property to be conveyed to Buyer in accordance with all applicable subdivision laws and regulations.
Lot Line Adjustment. The City acknowledges that in order for the Project Site to encompass the entire retail shell space (including all required setbacks relating to the retail shell space), the Developer will require a transfer of certain property that is currently owned by the City and a lot line adjustment of the Project Site (the “Retail Lot Line Adjustment”). The City agrees to transfer fee title of such property to the Developer, and to complete the Retail Lot Line Adjustment as soon as reasonably possible following the execution of this Agreement but in no event later than Developer’s commencement of construction of the retail shell space.
Lot Line Adjustment. (b) The parties acknowledge that development of the Project will require issuance of all Subsequent Project Approvals, including, without limitation, those listed under (a) above. Notwithstanding any other provision in this Agreement, City retains the discretion to formulate conditions of approval for all Subsequent Project Approvals for the Project, as long as such conditions of approval are consistent with the Governing Ordinances, the Construction Standards, and this Agreement.
Lot Line Adjustment. The Owner shall submit an executed Agreement Relating to Lot Line Adjustment, Quitclaim Deed and Acceptance Thereof to the Public Works Department, including the legal description of the subject properties prior to and following the lot line adjustment. A licensed surveyor shall prepare the legal descriptions and said Agreement shall be recorded in the Office of the County Recorder.
Lot Line Adjustment. The following is hereby inserted as Section 1.1.175, “Lot Line Adjustment”:
Lot Line Adjustment. Concurrently with the Close of Escrow, the Parties shall record an access easement on the Property for the benefit of the Juvenile Justice Center parcel (APN 004-291-016) for the purposes of retaining access to an electrical generator which serves the Juvenile Justice Center. The access easement shall be in similar form and substance as shown in Exhibit E. At the time BUYER or future owners of the Property record a parcel map or subdivision map, such map shall also contain a requirement to record a lot line adjustment at the time the BUYER records a parcel map with the same description as the access easement for the purposes of eliminating the access easement and transferring that area of the access easement to APN 000-000-000.
