Redevelopment of the Property. SECTION 301 Land Use Approvals and Zoning of Property It is the responsibility of Developer, without cost to Agency, to ensure that zoning of the Property and all applicable City land use requirements will be, at the Closing, such as to permit development of the Property and construction of the Project and the use, operation and maintenance of the Project in accordance with the provisions of this Agreement. It shall be a condition of the Close of Escrow that Developer obtains all entitlements, approvals and permits necessary for the construction of the Project. Nothing contained herein shall be deemed to entitle Developer to any City permit or other City approval necessary for the development of the Property, or waive any applicable City requirements relating thereto. This Agreement does not
(i) grant any land use entitlement to Developer; (ii) supersede, nullify or amend any condition which may be imposed by City in connection with approval of the development described herein;
(iii) guarantee to Developer or any other party any profits from the development of the Property; or (iv) amend any City laws, codes or rules. This is not a Development Agreement as provided in California Government Code Section 65864. Developer shall comply with all applicable conditions of approval required by City. Without cost to Agency, Agency shall in its discretion provide appropriate technical assistance to Developer in connection with Developer’s obtaining all necessary entitlements, permits and approvals for the construction of the Project.
Redevelopment of the Property. The Redeveloper represents that it will develop and construct the Project in accordance with the terms of the Redevelopment Plan and the Redevelopment Agreement. The final design of the Project shall be as approved by the Planning Board of the Township. The Redeveloper also represents that it will enter into a parking agreement with the Township for additional parking for the Project and that such parking agreement will be independent of this Financial Agreement.
Redevelopment of the Property. If, at any time during the Term, the City desires to redevelop the Property in a manner that requires the removal of the Permitted Sign or alters the Property to such an extent that the Permitted Sign is physically unable to be re-installed thereon, the City shall give written notice of the same to Seaview Palms and the City and Seaview Palms shall work together in a good faith to design a redevelopment plan (the “Redevelopment Plan”) that includes replacement Easements set forth in a replacement Easement Agreement to accommodate one or more signs of equal or greater size, prominence and visibility as the Permitted Sign (collectively, the “New Sign”) and, upon finalization of such Redevelopment Plan, shall negotiate in good faith to enter into a replacement agreement containing the following terms and conditions (the “New Agreement”):
(a) The term of the New Agreement shall be for a duration that places Seaview Palms in a no less favorable economic position as the Term, giving consideration to (i) the time remaining on the Term under this Agreement as of the date of the New Agreement, and (ii) the investment made by Seaview Palms and its Tenants in the Permitted Sign.
(b) Seaview Palms shall have the right to construct the New Sign of its design and specification, provided that the New Sign complies with applicable laws, codes, specific plans, and design requirements for billboards. The City shall pay the reasonable costs and expenses of relocating, constructing and installing the New Sign.
(c) This Agreement shall terminate as of the date of the execution of the New Agreement. AMENDED
(d) Except as set forth herein, this Agreement shall be used as the template for the New Agreement and the New Agreement shall otherwise conform in all material respects with the provisions, terms and conditions of this Agreement, including, for the avoidance of doubt, the terms and conditions set forth in this Agreement regarding the Public Benefit Revenue Share Payment and the calculation thereof; provided, that the parties acknowledge and agree that (i) the financial terms of the New Agreement may deviate from this Agreement in order to take into account differences in size, visibility and prominence of the New Sign as compared to the Permitted Sign, and (ii) the parties may negotiate additional changes to the New Agreement to account for changes in facts and circumstances arising from the Redevelopment Plan, or other changes or circumstances.
Redevelopment of the Property. The City shall have the right to redevelop the Property. If the City desires to redevelop the Property in a manner that blocks or requires the removal of the then-existing billboard or alters the Property to such an extent that the billboard is physically unable to be re-installed in its then-existing location, the City shall give written notice of the same to Seaview Palms and the City and Seaview Palms shall work together in a good faith to design a redevelopment plan (the “Redevelopment Plan”) that includes a new Easement Agreement (with the same Easements as set forth in this Agreement, but with respect to a different location on the Property) to accommodate one or more billboards of equal or greater size, prominence and visibility as the then-existing billboard. The Redevelopment Plan shall further include a new development agreement which reflects the terms outlined in Section 3.4.6 of the Development Agreement, including the obligation of the City to pay the reasonable costs and expenses of relocating or constructing the new billboard(s) of equal or greater size, prominence and visibility as the then-existing billboard.
Redevelopment of the Property. The Entity agrees to undertake the Project and use, own, manage and control the redevelopment of the Property in accordance with the provisions of the Redevelopment Plan and Redevelopment Agreement, any applicable municipal land use approvals including the Site Plan Resolution pertaining to the Project and the Exemption Law.
Redevelopment of the Property. SECTION 301 Land Use Approvals and Zoning of Property It is the responsibility of Developer, without cost to Agency, to ensure that zoning of the Property and all applicable City land use requirements will be, at the Closing, such as to permit development of the Property and construction of the Project and the use, operation and maintenance of the Project in accordance with the provisions of this Agreement. It shall be a condition of the Close of Escrow that Developer obtains all entitlements, approvals and permits necessary for the construction of the Project. Nothing contained herein shall be deemed to entitle Developer to any City permit or other City approval necessary for the development of the Property, or waive any applicable City requirements relating thereto. This Agreement does not
(i) grant any land use entitlement to Developer; (ii) supersede, nullify or amend any condition which may be imposed by City in connection with approval of the development described herein;
Redevelopment of the Property. The Authority expects that the entitlement process for redevelopment of the Property will be completed within 24 months after the Board of Supervisors' endorsement of this Development Plan. During this same period, the Authority expects to complete negotiations with TICD, the City, the State Lands Commission, TIHDI and other appropriate entities regarding the Transaction Documents and other appropriate agreements necessary for the redevelopment of the Property. The TICAB will continue to provide advice and recommendations to the Authority Board during the entitlement and negotiation process. The agencies listed below will consider additional environmental review required under CEQA and other actions associated with the redevelopment of the Property as described in this Development Plan:
Redevelopment of the Property. The Entity represents and covenants that it will develop and construct the Project in accordance with the terms of the Redevelopment Agreement and the Redevelopment Plan.
Redevelopment of the Property. The Developer acknowledges and agrees on its behalf and on behalf of its successors and assigns and any future owner of the Property, that they are bound by the terms and conditions of the Development Agreement, as amended or modified from time to time, with regard to the planned construction and completion of the Improvements, and the financing thereof and that they will file or cause to be filed all legally necessary applications and supporting documents to enable the City to collect service payments in lieu of taxation under a tax increment financing program.
Redevelopment of the Property
