Examples of City Parcels in a sentence
Adjacent to the Agency Parcels and City Parcels, are two privately-owned parcels of real property located at (i) 0000 Xxxx Xxxxxx, currently occupied by Yoli’s Flowers, APN 0000-000-000; and (ii) 0000 Xxxx Xxxxxx, currently occupied by Guadalajara Inn Restaurant, APN 0000-000-000 (collectively “Private Parcels”), which two Private Parcels are legally described in Attachment A-3 hereto and for which it is Developer’s sole responsibility to acquire site control over.
For purposes of clarification, the Parties acknowledge and agree that the items for both of the ESC Land Closing and the City Parcels Closing shall be executed and delivered in accordance with the preceding sentence at least one (1) business day before the ESC Land Closing.
In the alternative, if Developer is unable to acquire sufficient Site Control over the Private Parcels as needed to incorporate the Private Parcels into the Project, then the “Site” shall refer only to the Agency Parcels, City Parcels, and those Private Parcels over which Developer does have Site Control.
Subject to the findings of due diligence described further below, TRG has requested and the City Agrees to grant TRG exclusive rights to construct a mixed-use development on City Parcels 4, 5, and 6 identified in Exhibit “A”.
TRG waives all rights and agrees that those remaining City Parcels identified in Exhibit “A” and not addressed in Phases 1 or 2 described above, are excluded from the scope of the Project as defined in this Agreement (the “Excluded City Parcels”).
The Maximum Annual Special Tax for each Assessor’s Parcel of Unmodified Property in Fiscal Year 2002-03 shall be the amount shown in Table 1.TABLE 1 Maximum Annual Special Tax and Annual Contributions in Lieu of Annual Special Tax for City Parcels for Unmodified Property in Fiscal Year 2002-03* The amount is a contribution in lieu of the Annual Special Tax for City Parcels.The tax rates shown in Table 1 are the Maximum Annual Special Tax for each Assessor’s Parcel in CFD No. 2002-A for Fiscal Year 2002-03.
We believe that the principles of ESD should be a core part of the vision, goals and actions for the Plan.
The Agency Parcels, City Parcels and Private Parcels are collectively referred to herein as the “Site,” which Site is comprised of approximately 1.57 acres of land area.
Prior to the expiration of the Option Period TRG agrees to present a definitive proposal and request an amendment to this Development Agreement to acquire City Parcels 4 and 5, for construction of Phase 2.
The City may, at its sole discretion, exercise rights to convey some or all of the Excluded City Parcels to other parties for future redevelopment in accordance with the Old Town Redevelopment Plan.