Examples of Developer Parcels in a sentence
The purchase price for the Private Developer Parcels shall be $12 per square foot of land area in the applicable Private Development Parcel(s) for take-downs exercised by Developer on or before December 31, 2025, with an annual positive or negative value adjustment (not to exceed 2.5% per annum) thereafter to be negotiated by City and Developer in connection with the Development Agreement.
The purchase price for such Private Developer Parcels shall be $15 per square foot of land area.
Developer may request that the Title Policy be issued to also insure the Developer Parcels in the same Title Policy, but City’s premium cost responsibility shall be strictly limited to the premium and endorsement costs attributable to the City Property.
Developer shall have acquired the Developer Parcels, or Developer and the owner of the Development Parcels shall have deposited into the Developer Parcel Escrow all documents and funds necessary to close such Developer Parcel Escrow and instructed such Developer Parcel Escrow to close and convey the Developer Parcels to Developer concurrently with Developer’s Closing on the City Property.
Developer shall have acquired the Developer Parcels, or Developer and the owner of the Development Parcels shall have deposited into an escrow (“Developer Parcel Escrow”) all documents and funds necessary to close such Developer Parcel Escrow and instructed such Developer Parcel Escrow to close and convey the Developer Parcels to Developer concurrently with Developer’s Closing on the City Property.
Developer’s obligation to purchase the Private Developer Parcels shall be subject to the terms of the Development Agreement, including the provisions thereof applicable to TIF incentives.
Failure of Developer to pay the tax after written notice and an opportunity to cure is an event of default that could result in divesting the Developer of any interest in or right of occupancy of the Developer Parcels and any improvements thereon.
Execution of any Lease by City with respect to a Developer Parcel(s) is conditioned upon the requisite Development Plan Review approval, approval of an amended Planned Area Development for the applicable Developer Parcel(s), and issuance of a certificate of occupancy for the government property improvements which are the subject of the Lease.
The cost of initially installing the Access Control Equipment for the Shared Residential Parking Areas will be exclusively borne by the Owner of the Developer Parcels.
The Owner of the Developer Parcels shall have the responsibility and obligation, at the shared cost and expense of itself and the other Owners as more particularly set forth below, to repair, maintain and operate the Shared Residential Parking Areas (the “Shared Residential Parking Areas Maintenance”) in good order and repair such that they may be utilized in accordance with this Declaration.