Common use of Private Parcels Clause in Contracts

Private Parcels. Adjacent to the Agency Parcels and City Parcels, are two privately-owned parcels of real property located at (i) 0000 Xxxx Xxxxxx, currently occupied by Yoli’s Flowers, APN 0000-000-000; and (ii) 0000 Xxxx Xxxxxx, currently occupied by Guadalajara Inn Restaurant, APN 0000-000-000 (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).

Appears in 2 contracts

Samples: Disposition and Development Agreement, Disposition and Development Agreement

AutoNDA by SimpleDocs

Private Parcels. Adjacent to the Agency Parcels and City Parcels, are two privately-owned parcels of real property located at (i) 0000 Xxxx Xxxxxx, currently occupied by Yoli’s Flowers, APN 0000-000-000; and (ii) 0000 Xxxx Xxxxxx, currently occupied by Guadalajara Inn Restaurant, APN 0000-000-000 (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 Agency Parcels. The Agency City Parcels will be sold to Developer pursuant to a separate Agency DDACity Agreement. 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).

Appears in 1 contract

Samples: Disposition and Development Agreement

AutoNDA by SimpleDocs

Private Parcels. Adjacent to the Agency Parcels and City Parcels, are two privately-owned parcels of real property located at (i) 0000 Xxxx Xxxxxx, currently occupied by Yoli’s Flowers, APN 0000-000-000; and (ii) 0000 Xxxx Xxxxxx, currently occupied by Guadalajara Inn Restaurant, APN 0000-000-000 (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 Agency Parcels. The Agency City Parcels will be sold to Developer pursuant to a separate Agency DDACity Agreement. 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-3B-3 hereto).

Appears in 1 contract

Samples: Disposition and Development Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!