Examples of Development Site in a sentence
The parties hereto anticipate that the Project and the Development Site will be subject to property taxes, and Xxxxxxxxx agrees to pay property taxes on the Project and the Development Site in full, in a timely manner but in no event later than June 1 of any Revenue Year in which property taxes are due.
The Mortgage shall be superior to all other mortgages recorded with respect to the Development Site and Developer shall provide the City with evidence of the same which is reasonably acceptable to the City.
After the Project Completion Date, the Developer man assign its interest in this Agreement or convey the Development Site without obtaining the consent of the City.
Such Shortfall Payments shall be required regardless of whether all or a portion of the Development Site should ever become exempt from property taxes.
In consideration for the City’s agreement to enter into this Agreement and to provide the Developer with certain rights relative to the Development Site as stated herein, the Developer agrees to pay to the City the sum of $30,000.00.