Common use of Vesting of Ownership Clause in Contracts

Vesting of Ownership. Upon formal final acceptance of the work by CITY and recordation of the Resolution of Acceptance of Public Improvements, ownership of the improvements constructed pursuant to this Agreement shall vest in CITY.

Vesting of Ownership. Upon formal final acceptance of the work by CITY and recordation of the Resolution of Acceptance of Public Improvements, ownership of the improvements constructed pursuant to this Agreement shall vest in CITY.

Vesting of Ownership. Upon formal final acceptance of the work by on behalf of CITY and recordation of the Resolution Notice of Acceptance of Public ImprovementsCompletion, ownership of the improvements constructed pursuant to this Agreement shall vest in CITY.