Development Rights Agreement Sample Contracts

NATURAL RESOURCES AND ENVIRONMENTAL PROTECTION ACT (EXCERPT)
Development Rights Agreement • April 11th, 2024

Sec. 36111. (1) A development rights agreement expires at the expiration of the term of the agreement unless renewed with the consent of the owner of the land. If the owner of the land has complied with the requirements of this part regarding development rights agreements, the owner is entitled to automatic renewal of the agreement upon written request of the owner. A development rights agreement may be renewed for a term of not less than 7 years. If a development rights agreement is renewed, the state land use agency shall send a copy of the renewal contract to the local governing body.

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DEV'T RIGHTS AGREEMENT: ENERGY CROP
Development Rights Agreement • August 12th, 2008

Under the Natural Resources and Environmental Protection Act, the owner of open space land or farmland may enter into an agreement with the State or a local unit of government under which the owner gives up, or relinquishes, the right to develop the property in exchange for certain tax abatements for a period of time. In the case of an open space development rights easement, the development rights are exempt from property taxes. If farmland is subject to a development rights agreement, the owner may claim an income or business tax credit. If an easement or agreement is terminated before its agreed-upon termination date, a lien for the unpaid taxes may be placed on the property. A lien becomes payable when the land is sold or, in the case of open space land, when it is converted to a use prohibited by the former easement. Some people believe that the owner of land subject to an open space easement should be permitted to terminate the easement, without penalty, if the owner entered into

NATURAL RESOURCES AND ENVIRONMENTAL PROTECTION ACT (EXCERPT)
Development Rights Agreement • November 13th, 2024
DEVELOPMENT RIGHTS AGREEMENT FOR JALAN MATANG LAND
Development Rights Agreement • August 20th, 2015

CIMB Bank Berhad, Singapore Branch was the financial adviser to the Company for the acquisition of the entire issued and paid up share capital of Regal International Holdings Pte. Ltd. (the “Financial Adviser”). The Financial Adviser (i) assumes no responsibility for; and (ii) does not endorse, the contents of this announcement (or any matter contemplated thereunder).

Contract
Development Rights Agreement • April 5th, 2021
DEV'T RIGHTS AGREEMENT: ENERGY CROP
Development Rights Agreement • March 5th, 2008

The bill would amend Part 361 (Farmland and Open Space Preservation) of the Natural Resources and Environmental Protection Act to do the following:

PARAMOUNT CORPORATION BERHAD
Development Rights Agreement • December 22nd, 2017

DEVELOPMENT RIGHTS AGREEMENT BETWEEN ANEKA SEPAKAT SDN BHD, A WHOLLY- OWNED SUBSIDIARY OF PARAMOUNT CORPORATION BERHAD, AND KUMPULAN HARTANAH SELANGOR BERHAD FOR THE PROPOSED DEVELOPMENT OF TWO (2) CONTIGUOUS PARCELS OF LEASEHOLD COMMERCIAL LAND MEASURING APPROXIMATELY 9.662 ACRES IN TOTAL AREA SITUATED IN SECTION 14, BANDAR PETALING JAYA, DISTRICT OF PETALING, STATE OF SELANGOR DARUL EHSAN

SUPPLEMENTAL AGREEMENT RELATING TO AN EXISTING DEVELOPMENT RIGHTS AGREEMENT
Development Rights Agreement • December 8th, 2015

CIMB Bank Berhad, Singapore branch was the financial adviser to the Company for the acquisition of the entire issued and paid up share capital of Regal International Holdings Pte. Ltd. (the “Financial Adviser”). The Financial Adviser (i) assumes no responsibility for; and (ii) does not endorse, the contents of this announcement (or any matter contemplated herein).

SUPPLEMENTAL AGREEMENT RELATING TO AN EXISTING DEVELOPMENT RIGHTS AGREEMENT
Development Rights Agreement • August 25th, 2015

CIMB Bank Berhad, Singapore branch was the financial adviser to the Company for the acquisition of the entire issued and paid up share capital of Regal International Holdings Pte. Ltd. (the “Financial Adviser”). The Financial Adviser (i) assumes no responsibility for; and (ii) does not endorse, the contents of this announcement (or any matter contemplated herein).

AMENDMENT TO DEVELOPMENT RIGHTS AGREEMENT
Development Rights Agreement • February 3rd, 2012 • Enerkem Inc. • Industrial organic chemicals

THIS AMENDMENT is made in duplicate as of the 30th day of April, 2009 between ENERKEM INC. (“Enerkem”) and GREENFIELD ETHANOL INC. (“GreenField”).

LBS BINA GROUP BERHAD (518482-H)
Development Rights Agreement • September 10th, 2016

DEVELOPMENT RIGHTS AGREEMENT BETWEEN MENTERI BESAR SELANGOR (PEMERBADANAN), WORLDWIDE PROPERTY MANAGEMENT SDN. BHD. AND KEMUDI EHSAN SDN BHD, A SUBSIDIARY OF LBS BINA HOLDINGS SDN BHD, WHICH IS IN TURN A SUBSIDIARY OF LBS BINA GROUP BERHAD

DEVELOPMENT RIGHTS AGREEMENT ENTERED INTO BETWEEN MB MAX SDN. BHD., A WHOLLY- OWNED SUBSIDIARY AND SHIYA SDN. BHD.
Development Rights Agreement • June 25th, 2018

The Board of Directors of MB World Group Berhad (“MBW” or “the Company”) wishes to announce that MB Max Sdn. Bhd. (“MBM” or “Developer”) a wholly-owned subsidiary had on 25 June 2018 entered into a Development Rights Agreement (“DRA”) with Shiya Sdn. Bhd. (“SSB” or “Proprietor”).

DEV’T RIGHTS AGREEMENT OR EASEMENTS ON FARMLAND
Development Rights Agreement • March 19th, 2003

Under the Farmland and Open Space Preservation Act - formerly Public Act 116 of 1974 and recodified as Part 361 of the Natural Resources and Environmental Protection Act - a farm owner may enter into a contract (a development rights agreement) that provides the farm owner with a tax credit and exemptions from several special assessments that generally do not benefit the farmland, in exchange for a promise to retain the land for agricultural use or as undeveloped open space land. The purpose of the agreement is to ensure that the land remains in an agricultural use for at least 10 years and that the land is not developed for a non- agricultural use. According to committee testimony, there are approximately 50,000 of these agreements, lasting an average of 25 years, and covering 4.3 million acres of farmland in the state.

Kwasa Land and AZ Land ink Development Rights Agreement for R3-4 in Kwasa Damansara
Development Rights Agreement • February 16th, 2016

KWASA DAMANSARA --- Master developer Kwasa Land Sdn Bhd (Kwasa Land) today signed a Development Rights Agreement with AZ Land & Properties Sdn Bhd (AZ Land), a subsidiary of public-listed Ahmad Zaki Resources Berhad (AZRB) for the development of R3-4 measuring 3.91 acres of freehold land in the iconic Kwasa Damansara.

FOR IMMEDIATE PUBLICATION WEDNESDAY 4 MARCH 2015
Development Rights Agreement • February 22nd, 2023

PETALING JAYA --- A Development Rights Agreement for Project R3-2 was today inked between landowner Kwasa Development (3) Sdn Bhd and development partner Impiana Land & Development Sdn Bhd for the first Bumiputera development, an 8.79-acre project comprising 436 residential units in Kwasa Damansara.

AGREEMENT CONCERNING DEVELOPMENT RIGHTS
Development Rights Agreement • June 27th, 2006 • Behringer Harvard Reit I Inc • Real estate investment trusts • Texas

THIS AGREEMENT CONCERNING DEVELOPMENT RIGHTS (this “Agreement”) is dated effective June 21, 2006, by and between BEHRINGER HARVARD OPERATING PARTNERSHIP I LP, a Texas limited partnership (“BHOP”) and BEHRINGER HARVARD HOLDINGS, LLC, a Delaware limited liability company (“BHH”).

SUPPLEMENTAL AGREEMENT RELATING TO AN EXISTING DEVELOPMENT RIGHTS AGREEMENT
Development Rights Agreement • July 14th, 2015

CIMB Bank Berhad, Singapore branch was the financial adviser to the Company for the acquisition of the entire issued and paid up share capital of Regal International Holdings Pte. Ltd. (the “Financial Adviser”). The Financial Adviser (i) assumes no responsibility for; and (ii) does not endorse, the contents of this announcement (or any matter contemplated herein).

Contract
Development Rights Agreement • November 30th, 2018
Contract
Development Rights Agreement • February 3rd, 2012 • Enerkem Inc. • Industrial organic chemicals • Quebec

[ * ] CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED. CONFIDENTIAL TREATMENT

Ladies and Gentlemen: Re: Extension of Development Rights Agreement
Development Rights Agreement • February 3rd, 2012 • Enerkem Inc. • Industrial organic chemicals

We refer to the Development Rights Agreement dated as of September 19, 2008, as amended by an Amendment dated as of April 30, 2009 (as so amended, the “Agreement”).

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DEV'T RIGHTS AGREEMENT OR EASEMENTS ON FARMLAND
Development Rights Agreement • September 16th, 2003

Under the Farmland and Open Space Preservation Act - formerly Public Act 116 of 1974 and recodified as Part 361 of the Natural Resources and Environmental Protection Act - a farm owner may enter into a contract (a development rights agreement) that provides the farm owner with a tax credit and exemptions from several special assessments that generally do not benefit the farmland, in exchange for a promise to retain the land for agricultural use or as undeveloped open space land. The purpose of the agreement is to ensure that the land remains in agricultural use for at least 10 years and that the land not be developed for a non- agricultural use. According to committee testimony, there are approximately 50,000 of these agreements, lasting an average of 25 years, and covering 4.3 million acres of farmland in the state.

GENERAL ANNOUNCEMENT
Development Rights Agreement • January 10th, 2024

Company Name : LAGENDA PROPERTIES BERHADRegistration No. 200101000008 (0535763-A) (the “Company” or “LPB”) Type : General Announcement Subject : Development Rights Agreement between Opti Vega Sdn. Bhd., an indirect wholly ow ne d subsidiary of Lagenda Properties Berhad, and Intact Corporate Approach Sdn. Bhd. to developthe Land (as defined below)

DEVELOPMENT RIGHTS AGREEMENT
Development Rights Agreement • October 8th, 2005

Whereas the Trust and the Municipality have agreed that the area of land delineated on the plan annexed hereto marked Annexure “A", which the Trust owns, is to be developed by the provision of services and top-structures to the beneficiaries thereof in accordance with the terms and conditions of this agreement and the approval of the Department of Housing;

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