Reservations of Rights in Trail Corridor/ Reversion of Title Sample Clauses

Reservations of Rights in Trail Corridor/ Reversion of Title. Property Owners shall transfer fee title to the trail corridor across the West Carson Creek Area to the County or its designee free of all restrictions, encumbrances, and liens, except for the reservations provided below. Any grant deed for the trail corridor pursuant to this section shall be subject to deed reservations that ensure Property Owners’ ability to mine, process and reclaim the Project and utilize the West Carson Creek Area for agricultural purposes. Such reservations may include, but are not limited to, ingress and egress (including, but not limited to, pedestrian, livestock and vehicular access), access to bridges, a reservation of water rights, and a reservation of all oil, gas and mineral rights, including, but not limited to, sand, gravel and aggregate deposits located below the surface of the trail corridor area across the West Carson Creek Area, provided, however, that there shall be no right of surface entry to extract any reserved oil, gas, mineral, sand, gravel and aggregate deposits in the trail corridor area within the West Carson Creek Area. County further acknowledges and agrees that the land being granted for the trail corridor will be subject to a conservation easement in order to preserve its open space, agricultural and wetland features in perpetuity, and that County will accept fee title subject to the conservation easement. The grant deed for the trail corridor land will also contain a provision providing for a reversion of fee title to the trail corridor land to Property Owners in the event this Agreement is terminated prior to its expiration for any reason other than with the consent of the Property Owners. Notwithstanding the foregoing sentence, the Property Owners and County further agree that the right of reversion will not be enforceable by Property Owners in the event this Agreement is terminated prior to its expiration because a court of competent jurisdiction has rendered a final judgment, without any right of further appeal, that a termination of this Agreement prior to its expiration is warranted due to an uncured violation of the terms and provisions of this Agreement by Property Owners.
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Related to Reservations of Rights in Trail Corridor/ Reversion of Title

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