Value of Jefferson Station Parcel Sample Clauses

Value of Jefferson Station Parcel. If the County wishes to apply the value of the Jefferson Station Parcel as a deposit toward the Phase I County Contribution, as allowed by the Act, the County shall submit the following documents to OJD, within one hundred eighty (180) days after the Effective Date: (i) an appraisal that is satisfactory to OJD, in terms of content and timeliness, representing the current value of the Jefferson Station Parcel; (ii) the sale documents representing the actual purchase price of the Jefferson Station Parcel by the County; and (iii) documentation that is satisfactory to OJD, showing that the Jefferson Station Parcel is land purchased by the County for the Courthouse, pursuant to the Act. Upon receipt of such documents, OJD shall apply the higher of the appraised value or the purchase price as a deposit to the Phase I County Contribution.
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