Common Contracts
1 similar Development Agreement contracts
DEVELOPMENT AGREEMENT SUMMARYDevelopment Agreement • October 23rd, 2019 • Virginia
The Dome Site Development Agreement (“Development Agreement”) sets forth the agreements between the City of Virginia Beach Development Authority (the “Authority”) and Atlantic Park, Inc., an affiliate of Venture Waves, LLC (collectively “Developer”) for the design, construction and opening of a mixed-used development on the former Dome Site. The Development Agreement will be executed after votes by the Authority and City Council approving the transaction and after the requisite notice period under the Knight-Wagner legislation. The Development Agreement will govern the relationship between the parties until the Dome Project opens. All the other documents are attached to the Development Agreement as Exhibits. This summary is intended as a guide for understanding and reviewing the Agreement, not as a restatement of the Development Agreement. In the event of a conflict or inconsistency between this document and the Development Agreement, the Development Agreement expresses the intent of t
