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THIRD AMENDED AND RESTATED DEVELOPMENT AGREEMENTDevelopment Agreement • May 12th, 2023 • Alabama
RESTATED DEVELOPMENT AGREEMENT (this “Agreement”), dated effective as of the day of May, 2023 (the “Effective Date”), is made and entered into by and between WHARF RETAIL PROPERTIES, LLC, a Louisiana limited liability company (“Wharf Retail”) and the CITY OF ORANGE BEACH, ALABAMA, a municipality organized and existing under the laws of the State of Alabama (the “City”). WHARF ENTERTAINMENT PROPERTIES, LLC, a Louisiana limited liability company (“Wharf Entertainment”) executes this Agreement for the limited purpose stated in the first paragraph of the Development Agreement (defined below). THE WHARF LANDING, LLC, a Louisiana limited liability company (“Wharf Landing”) executes this Agreement for the limited purpose of acknowledgment of its obligations with respect to conveyance of the Proposed City Parcel (defined below) to the City under Section 1 of this Agreement, and demolition of the vertical improvements on the Northside Property (defined below) under the terms of Section 2 of thi
