CDD Property definition

CDD Property means all real property (including the improvements thereon) owned by the CDD from time to time. The CDD Property is not part of the Property and is not encumbered by this Declaration. If Developer or the Association conveys any portion of the Property to the CDD, said portion of the Property shall be automatically withdrawn from the Property and shall no longer be encumbered by this Declaration.
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CDD Property means any and all real property and improvements that the CDD either owns, contracts, operates, administers, or has jurisdiction over, or any combination of the foregoing, or otherwise administers pursuant to its responsibilities under Chapter 190, Florida Statutes, and the documents establishing the CDD. The term “CDD Property” shall include systems, facilities, and services that the CDD may acquire, construct, maintain, and finance over the years (which constitute projects or infrastructure improvements) that may or may not be owned by the CDD.
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CDD Property means any and all real property and improvements which a CDD either owns, contracts, operates, administers or has jurisdiction over or any combination of the foregoing or otherwise administers pursuant to its responsibilities under Chapter 190, Florida Statutes, and the documents establishing the CDD. The term “CDD Property” shall include systems, facilities and services that the CDD may acquire, construct, maintain and finance over the years (which constitute projects or infrastructure improvements)which may or may not be owned by the CDD.
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Examples of CDD Property in a sentence

  • If Declarant determines that it is in the best interest of the Properties for any of the CDD Property to become Common Area, and if Declarant, the Association and the CDD all determine that such CDD Property should be conveyed to the Association, the CDD shall convey to the Association fee simple title to those portions of the CDD Property that are to become Common Area.

  • However, to the extent that any maintenance or other activities within the Ditches or Tracts violate governmental requirements or cause conditions which create violations on the CDD Property, in accordance with the terms of this Agreement, the City shall have the right to remedy those conditions at the CDD’s expense provided that the CDD fails to cure said default within ten (10) days after written notice by the City to the CDD setting forth in detail the alleged default.

  • When a part of the Property becomes CDD Property, the expenses of administration and maintenance shall cease to be Association expenses.

  • If required by law, or if deemed by Declarant to be in the best interests of the Properties, the Association shall convey to the CDD the legal title to any Common Area that becomes CDD Property.

  • If Declarant determines, subject to any governmental requirements, that it is in the best interests of the Properties for any portion(s) of the Common Area to be owned and/or administered by the CDD, rather than by the Association, such portions of the Common Area shall cease to be Common Area, even if they have already been conveyed to the Association, and shall thereafter be considered CDD Property, even if legal title has not been deeded to the CDD.