Xxxxxxx Corridor Sample Clauses

Xxxxxxx Corridor. Master Developer shall dedicate the open space identified as the “Xxxxxxx Creek Corridor” on the attached Exhibit A. Master Developer shall dedicate either an easement or fee title to the Xxxxxxx Creek Corridor to the City, as reasonably requested by the City, provided that if the City requests an easement interest in the Xxxxxxx Creek Corridor the Parties shall take such action as may be needed so that the Xxxxxxx Creek Corridor will not be assessed property taxes as private property suitable for development. The City shall accept Master Xxxxxxxxx’s dedication of Xxxxxxx Creek Corridor subject to the existing encumbrances and reservations of record, and City shall accept a covenant in the conveyance confirming that the Xxxxxxx Creek Corridor shall remain open and used only as open space, as detailed in the City’s Open Space Zone in effect on the Effective Date although not currently the zoning applicable to the Xxxxxxx Creek Corridor, and no other use. Prior to dedicating the Xxxxxxx Creek Corridor to the City, Master Developer shall (i) obtain a Phase I environmental assessment for the area to be dedicated, and (ii) upon written request of the City, Master Developer or an affiliated entity shall remediate any contaminated soils to a standard that is compatible with trail recreational and passive open space uses, but Master Developer is not required to remediate any contaminated soils to a residential standard. Once the City has accepted dedication, Master Developer is not required to remediate any contaminated soils unless otherwise specified as part of the dedication.
Sample 1
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