No Compensation. Owner shall not receive any payment form City in consideration of the obligations imposed under this Agreement, it being recognized and agreed that the consideration for the execution of this Agreement is the substantial public benefit to be derived therefrom and the advantage that will accrue to Owner as a result of the effect upon the Property’s assessed value on account of the restrictions required for the preservation of the Property.
Appears in 8 contracts
Samples: Mills Act Agreement, Mills Act Agreement, Mills Act Agreement
No Compensation. Owner shall not receive any payment form from City in consideration of the obligations imposed under this Agreement, it being recognized and agreed that the consideration for the execution of this Agreement is the substantial public benefit to be derived therefrom and the advantage that will accrue to Owner as a result of the effect upon the Property’s assessed value on account of the restrictions required for the preservation of the Property.
Appears in 3 contracts
Samples: cao-94612.s3.us-west-2.amazonaws.com, cao-94612.s3.us-west-2.amazonaws.com, www2.oaklandnet.com
No Compensation. Owner The Owners shall not receive any payment form from the City in consideration of for the obligations imposed under this Agreement, it being recognized . The Parties recognize and agreed agree that the consideration for the execution of this Agreement is the substantial public benefit benefits to be derived therefrom and the advantage that will accrue to Owner the Owners as a result of the effect upon the Property’s assessed value on account of the Property because of the restrictions required for that this Agreement imposes on the use and preservation of the Property.
Appears in 2 contracts
Samples: Property Preservation Agreement, Property Preservation Agreement
No Compensation. Owner OWNER shall not receive any payment form City from CITY in consideration of the obligations imposed under this Agreement, it being recognized and agreed that the consideration for the execution of this Agreement is the substantial public benefit to be derived therefrom and the advantage that will accrue to Owner OWNER as a result of the effect upon the Property’s assessed value of the Historical Property on account of the restrictions required for on the use and preservation of the Historical Property.
Appears in 1 contract
Samples: oxnardca.civicclerk.com
No Compensation. Owner shall not receive any payment form from City in consideration of for the obligations imposed under upon Owner pursuant to this Agreement, it being recognized . Owner recognizes and agreed agrees that the full consideration for the execution of this Agreement is the substantial public benefit to be derived therefrom from, and the advantage that which will accrue to Owner as a result of of, the effect upon the Property’s assessed value on account of the Historic Property brought about by the restrictions required for on the preservation of the PropertyHistoric Property set forth herein.
Appears in 1 contract
Samples: LLS Act Agreement
No Compensation. Owner The OWNERS shall not receive any payment form City from the CITY in consideration of for the obligations imposed under this Agreement, it being recognized . The parties recognize and agreed agree that the consideration for the execution of this Agreement is the substantial public benefit to be derived therefrom and the advantage that will accrue to Owner the OWNERS as a result of the effect upon the Property’s assessed value on account of the PROPERTY because of the restrictions required for this Agreement imposes on the use and preservation of the PropertyPROPERTY.
Appears in 1 contract
