Common Contracts
1 similar Memorandum of Understanding contracts
MEMORANDUM OF UNDERSTANDING FOR THE NORTH PARKING GARAGE AT AMERICAN TOBACCO CAMPUSMemorandum of Understanding • June 24th, 2011
The City of Durham (herein referred to as the “City” or the “Landlord”) and Capitol Broadcasting Company, Inc. (herein referred to as “CBC”) and a CBC-subsidiary, American Campus, LLC (herein referred to as “American Campus”) entered into a public-private partnership for the purpose of facilitating the redevelopment of the American Tobacco property located in downtown Durham. The City, CBC, and American Campus executed several agreements necessary to implement that public-private partnership, including but not limited to a Development Agreement, a Parking Lease Agreement, and a Parking Management Agreement.
