Private Parcels Clause Samples

The "Private Parcels" clause defines the rules and conditions governing the use, ownership, or management of individually owned or designated parcels of land within a larger development or community. Typically, this clause outlines the rights and responsibilities of private parcel owners, such as maintenance obligations, restrictions on modifications, or access rights. By clearly delineating what constitutes a private parcel and how it is to be treated, the clause helps prevent disputes over property boundaries and usage, ensuring orderly management and clarity for all parties involved.
Private Parcels. Identification of any Private Parcels in the Major Phase, and a summary of the acquisition documents through which Developer has acquired or has rights to acquire the Private Parcels.
Private Parcels. Adjacent to the Agency Parcels and City Parcels, are two privately-owned parcels of real property located at (i) ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, currently occupied by Yoli’s Flowers, APN ▇▇▇▇-▇▇▇-▇▇▇; and (ii) ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, currently occupied by Guadalajara Inn Restaurant, APN ▇▇▇▇-▇▇▇-▇▇▇ (collectively “Private Parcels”), which two Private Parcels are legally described in Attachment A-3 hereto and for which it is Developer’s sole responsibility to acquire site control over. This Agreement only pertains to the disposition of the City Parcels. The Agency Parcels will be sold to Developer pursuant to a separate Agency DDA. Developer shall be solely responsible for attempting to obtain “Site Control” (as defined in Section 222 hereof) over the Private Parcels in order to assemble them into the Site. If Developer is unable to secure Site Control over the Private Parcels, then the Project shall proceed pursuant to either (i) the Reduced Site Alternative (Attachment B-2 hereto), or (ii) the Small Site Alternative (Attachment B-3).
Private Parcels. Developer shall use commercially reasonable efforts to promptly obtain fee simple title, at commercially reasonable prices, to all Private Parcels, and shall keep the Agency reasonably informed of its efforts. If Developer has not acquired, or obtained the right to acquire, all Private Parcels within a Major Phase, then Developer shall give the Agency a written summary of Developer’s efforts to acquire the Private Parcels as part of the applicable Major Phase Application. If Developer does not extend the Outside Date for submission of the Major Phase Application as permitted in this DDA, Developer shall include in the Major Phase Application proposed adjustments to the Project applicable to such Major Phase and any proposed adjustments to the size and distribution of Associated Public Benefits and other community benefits within the Major Phase. Thereafter, the Agency staff and Developer shall work together in good faith to determine how best to implement the Redevelopment Requirements in light of the unavailability of the Private Parcels. The Parties acknowledge and agree that the proposed adjustments to the Project to be developed under this DDA, including the Associated Public Benefits and other community benefits, should be minimized to the extent feasible and be designed so as to maintain the benefit of the bargain for both Parties under this DDA. So long as the Parties continue to work together to negotiate proposed adjustments as set forth above, any delay caused thereby shall be deemed to be Excusable Delay, but not to exceed twelve (12) months. The Agency Commission shall give or deny Approval of the Major Phase Application, as adjusted to remove the Private Parcels, in the manner and according to the standards set forth in the DRDAP. However, if the proposed changes to the Project require additional environmental analysis and review under applicable law, then (i) the Agency shall not finally consider the proposed changes until the completion of such environmental analysis and review and (ii) the Agency shall have the right to approve or reject the proposed changes in its sole discretion as and to the extent required by law.
Private Parcels. There are several Private Parcels within and outside of the Project Site, including those shown in Exhibit A-A. The Agency’s and Developer’s obligations related to such Private Parcels are set forth in Section 3.5. Any Private Parcel acquired by Developer shall be subject to all of the terms of this DDA, except that (i) there will be no Reversionary Quitclaim Deed and the Agency shall not have any of the rights set forth in Section 16.5 with respect to such Private Parcel, (ii) the provisions of Article 10 shall not apply to such Private Parcel and (iii) except to the extent required under the CP/HPS Subdivision Code, no Adequate Security shall be required for such Private Parcel. Nothing in this DDA shall prohibit the Agency from entering into an owner participation agreement with the owner of a Private Parcel, although any such owner participation agreement shall be consistent with the Redevelopment Requirements.
Private Parcels. The term
Private Parcels. Adjacent to the Agency Parcels and City Parcels, are two privately-owned parcels of real property located at (i) ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, currently occupied by Yoli’s Flowers, APN ▇▇▇▇-▇▇▇-▇▇▇; and (ii) ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, currently occupied by Guadalajara Inn Restaurant, APN ▇▇▇▇-▇▇▇-▇▇▇ (collectively “Private Properties”), which two Private Parcels are legally described in Attachment A-3 hereto and over which it is Developer’s sole responsibility to acquire Site Control, depending upon, or as appropriate to, the Project Alternative elected (as described below).

Related to Private Parcels

  • Lots 5.1. The 1 (one) standard lot size is the measurement unit specified for each CFD. The Company may offer standard lots, micro-lots and mini-lots, in its discretion, as defined from time to time in the Contract Specifications or the Company’s Website.

  • Tax Parcels Each Mortgaged Property constitutes one or more complete separate tax lots or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to the applicable governing authority for creation of separate tax lots, which shall be effective for the next tax year.

  • Qualified Property Applicant’s Qualified Property is described in Schedule 2.3, which is incorporated herein by reference. The Parties expressly agree that the location of the Qualified Property shall be within the Reinvestment Zone as set out in Schedule 2.1.

  • Owned Property We do not cover property damage to property owned by any insured or any other resident of any insured's household. This includes expenses and costs incurred by any insured or others to repair, replace, restore or maintain such property to prevent injury to a person or damage to property of others, whether on or away from an insured location.

  • Real Property; Assets (a) Neither the Company nor any of its Subsidiaries currently owns any real property and, since January 1, 2014, have not owned any real property. (b) Section 4.17(b) of the Company Disclosure Letter sets forth as of the date hereof a true, correct and complete list of all leases, subleases, licenses, occupancy and other agreements under which the Company or any of its Subsidiaries uses or occupies or has the right to use or occupy, now or in the future, any real property (the “Real Property Leases”). The Company has heretofore made available to Parent true, correct and complete copies of all Real Property Leases (including all material modifications, amendments, supplements, waivers and side letters thereto). Each Real Property Lease is valid, binding and in full force and effect, all rent and other sums and charges payable by the Company or any of its Subsidiaries as tenants thereunder are current in all material respects. No termination event or condition or uncured default on the part of the Company or, if applicable, any of its Subsidiaries or, to the Knowledge of the Company, the landlord thereunder exists under any Real Property Lease, except as, individually or in the aggregate, would not reasonably be expected to have a Company Material Adverse Effect. Except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, and subject to the Enforceability Exceptions, the Company and each of its Subsidiaries have good and valid leasehold interests in each parcel of real property leased by them free and clear of all Liens, except Permitted Liens. Neither the Company nor any of its Subsidiaries has received written notice of any pending, and to the Knowledge of the Company, there is no threatened, condemnation with respect to any property leased pursuant to any of the Real Property leases. (c) The Company and its Subsidiaries have good and marketable title to all of the assets reflected as owned on the most recent balance sheet of the Company contained in the Company SEC Reports filed prior to the date hereof (except for properties or assets that have been sold or disposed of in the ordinary course of business consistent with past practice since the date of such balance sheet) free and clear of any Liens, except for Permitted Liens. All material items of equipment and other tangible assets owned by or leased to the Company and its Subsidiaries are adequate for the uses to which they are being put, are, in all material respects, in good operating condition and repair (ordinary wear and tear and ongoing maintenance excepted).