Private Development. The Private Development consists of the following three Project Elements:
Private Development. It is specifically understood and agreed by and between the Parties hereto that the Development of the Project is a private development, that neither party is acting as the agent of the other in any respect, and that each party is an independent contracting entity with respect to the terms, covenants and conditions contained in this Development Agreement. No partnership, joint venture or other association of any kind is formed by this Development Agreement. The only relationship between the City and Developer is that of a government entity regulating the development of private property and the owner of such property.
Private Development. The Private Development shall consist of a two-unit condominium building with the following components to be constructed on the Property as defined below:
Private Development. Prior to the conveyance or transfer of any private lot or building site to be served by a structural BMP pursuant to this Section, and prior to issuance of any permit for development or redevelopment requiring a structural BMP pursuant to this Section, the applicant or owner of the site must execute an operation and maintenance agreement that shall be binding on all subsequent owners of the site, portions of the site, and lots or parcels served by the structural BMP. Until the transference of all property, sites, or lots served by the structural BMP, the original owner or applicant shall have prim or carrying out the provisions of the maintenance agreement.
Private Development. The Developer, or a Sub-Developer acting in accordance with a Parcel Development Agreement, shall pay all costs associated with construction of the Private Development.
Private Development
