Common use of No Vested Rights Clause in Contracts

No Vested Rights. Nothing contained in this Pre-Development Agreement shall confer any vested rights upon the Developer, City, or DDA with respect to the Property or confer any interest in the property or in any development to be undertaken upon the Property by any party. The Developer’s rights to develop the Property are further subject to the negotiation and execution of a final Development Agreement acceptable to the East Lansing City Council, Developer, and DDA detailing the Project parameters and all other planning, zoning and regulatory approvals required by the City of East Lansing and all other local and state regulatory agencies. Further, Developer understands and agrees that the sale/transfer of the City-owned public property may be subject to approval of the voters pursuant to Section 4.8a of the City Charter.

No Vested Rights. Nothing contained in this Pre-Development Agreement shall confer any vested rights upon the Developer, City, or DDA with respect to the Property or confer any interest in the property or in any development to be undertaken upon the Property by any party. The Developer’s rights to develop the Property are further subject to the negotiation and execution of a final Development Agreement acceptable to the East Lansing City Council, Developer, and DDA detailing the Project parameters and all other planning, zoning and regulatory approvals required by the City of East Lansing and all other local and state regulatory agencies. Further, Developer Xxxxxxxxx understands and agrees that the sale/transfer of the City-owned public property may be subject to approval of the voters pursuant to Section 4.8a of the City Charter.