Natatorium or Recreation Center Sample Clauses

Natatorium or Recreation Center. The Owner shall donate and convey to the City up to five (5) acres of land within the Project for the construction of a natatorium or recreation center. The Owner and the City shall determine the location of the natatorium or recreation center; provided however, that the City and the Owner acknowledge that the preferred site for the natatorium or recreation center is within or adjacent to the Regional Parks, the Community Parks or the Linear Open Space Parks established in the Project or Neighborhood Center. The location of the site to be donated for the natatorium or recreation center shall be designated on the Sector Plan containing the site. The Owner shall convey the land to the City within ninety (90) days after the City delivers written notice to the Owner that the City has funds available to construct the natatorium or recreation center and expects to commence construction of the natatorium or recreation center within ninety (90) days after receipt of the deed for the land and thereafter complete construction and commence operating the natatorium or recreation center within an additional twenty-four (24) months. The deed to the City shall contain a reverter in favor of the Owner providing that if the land ceases to be used for a natatorium or recreation center for twelve (12) consecutive months or does not commence to be used as a natatorium or recreation center within twenty-four (24) months after first conveyed to the City, fee simple ownership of the land shall automatically revert to Owner; provided, however, such reverter shall specify that in calculating the 12-month and 24-month time periods specified above, any time spent for maintenance or repair work, or for reconstruction following a casualty, or any other delays due to events of force majeure, shall be excluded, and such reverter shall expire upon annexation of the site containing the natatorium or recreation center.
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Related to Natatorium or Recreation Center

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