Common use of REMOVED PROPERTY Clause in Contracts

REMOVED PROPERTY. The City is hereby authorized, in its sole discretion, to remove a portion of the Property (“Removed Property”) from this Agreement at any time, provided that the City and the owner of the Removed Property concurrently enter into a modified development agreement governing the development and use of the Removed Property. The remaining portion of the Property, which has not been removed from this Agreement as described above, shall continue to be bound by the terms of this Agreement.

Appears in 6 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

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