Development Covenant Sample Contracts

DEVELOPMENT COVENANTS PROPOSED PUD B­1 ZONING FOR THE MAXPAC SITE
Development Covenant • February 20th, 2007

ACQUISITION, LLC, Massachusetts limited liability companies, both with a usual address of 20 Park Plaza, Suite 468, Boston, MA 02116 (collectively, the “Developer”), and the CITY OF SOMERVILLE, a Massachusetts municipal corporation with usual address of 93 Highland Avenue, Somerville, MA 02143 (“City”).

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DEVELOPMENT COVENANT
Development Covenant • January 1st, 2010 • Massachusetts

This DEVELOPMENT COVENANT (this “Covenant”) is made as of the day of , 2017 (the “Effective Date”) by and between the CITY OF SOMERVILLE (the “City”), a municipal corporation with an address of 93 Highland Avenue, Somerville, Massachusetts 02143, and UNION SQUARE STATION ASSOCIATES LLC (“US2”), a Delaware limited liability company with an address of 31 Union Square, Somerville, MA 02143.

DEVELOPMENT COVENANT
Development Covenant • April 3rd, 2017 • Massachusetts

, 2017 (the “Effective Date”) by and between the CITY OF SOMERVILLE (the “City”), a municipal corporation with an address of 93 Highland Avenue, Somerville, Massachusetts 02143, and UNION SQUARE STATION ASSOCIATES LLC (“US2”), a Delaware limited liability company with an address of 31 Union Square, Somerville, MA 02143.

TERMS OF INSTRUMENT - PART 2
Development Covenant • May 26th, 2016

SEWELL’S LIMITED, a company incorporated under the laws of the Province of British Columbia and having its registered and records office at 700 – 401 West Georgia Street, Vancouver, BC V6B 5A1

section 219 Land Title Act) This Agreement dated for reference the 4th day of April, 2018. BETWEEN:
Development Covenant • April 5th, 2018

THEREFORE in consideration of the mutual promises exchanged in this Agreement, the parties agree pursuant to s. 516 of the Local Government Act as follows:

SCHEDULE “W”: DEVELOPMENT PARCEL COVENANT
Development Covenant • November 25th, 2013
This Agreement dated for reference the day of , 2018. BETWEEN:
Development Covenant • May 31st, 2018

THEREFORE in consideration of the mutual promises exchanged in this Agreement, the parties agree pursuant to s. 516 of the Local Government Act as follows:

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