Owner Participation Agreement definition

Owner Participation Agreement means a binding agreement between a property owner and the Agency, required as a condition to participation in redevelopment, by which the participant agrees to rehabilitate, develop, use and maintain the property in conformance with the Redevelopment Plan and to be subject to its provisions.

Owner Participation Agreement means an agreement between the Agency and an Owner which sets forth terms and conditions for use of property, and/or its improvement and/or its redevelopment as to a specific property.

Owner Participation Agreement means that certain Owner Participation Agreement dated June 30, 2012, by and among the Company, MSG Holdings, and the City.

Examples of Owner Participation Agreement in a sentence

• All attachments and exhibits which are attached to this Owner Participation Agreement are made a part hereof by this reference.

• Tenant has been informed by Landlord that the Project (along with other property) is subject to the Mitigation Monitoring and Reporting Program for the Mission Bay South Plan Area (including, but not limited to, the Mission Bay South CEQA Mitigation Measures described in Attachment L to the Mission Bay South Owner Participation Agreement between the Redevelopment Agency and CDC dated November 16, 1998, and recorded in the Official Records on December 3, 1998, as Document No. 98-G477258).

• All property sold, leased, conveyed or subject to an Owner Participation Agreement shall be expressly subject by appropriate documents to the restriction that all deeds, leases or contracts for the sale, lease, sublease or other transfer of land in the Project Area shall contain such nondiscrimination and nonsegregation clauses.

• An Owner Participation Agreement shall obligate the Owner, his or her heirs, successors and assigns, and tenants to devote the property to the uses specified in the Redevelopment Plan, abide by all provisions and conditions of the Redevelopment Plan for the period of time that the Redevelopment Plan is in force and effect, and comply with all the provisions of the Owner Participation Agreement according to their terms, duration, and effect.

• The Redevelopment Agency entered into an Owner Participation Agreement with the Oakland Housing Authority who was awarded a Federal Housing Urban Development Hope VI grant for $35 million towards the master development of Lion Creek Crossing which now features over 400 units of family affordable rental units and contributed approximately $4.5 million towards infrastructure improvements including new streets, sidewalks, reconfigured park and creek restoration.

More Definitions of Owner Participation Agreement

Owner Participation Agreement means an agreement entered into by an Owner with the Agency in accordance with the provisions of the Redevelopment Plan and these Rules.

Owner Participation Agreement. The Owner Participation Agreement ("OPA") entered into by Agency and Developer with respect to the Project and any amendments thereto. Party: City and/or Developer, and Transferees, as applicable, determined as of the time in question. Person: An individual, partnership, limited liability company, firm, association, corporation, trust, governmental agency, administrative tribunal or other form of business or legal entity. Phase: A development phase of the Project as identified in the Phasing Plan (as defined below). A Phase consists of the construction of all of the physical improvements on, and associated with, one Development Site, including, but not limited to, on-site building improvements and on- and off-site landscaping, infrastructure, and street improvements.

Owner Participation Agreement means an agreement entered into by an Owner with the Agency in accordance with the provisions of the Redevelopment Plan and these rules.

Owner Participation Agreement or “OPA” means a binding agreement between a property owner and the Agency by which the participant agrees to rehabilitate, develop, use and maintain the property in conformance with this Redevelopment Plan.

Owner Participation Agreement means an agreement between the Agency and a property Owner or Tenant which sets forth terms and conditions for the redevelopment of such property.

Owner Participation Agreement means an agreement between the Agency and a property owner or tenant which sets forth terms and conditions for improvement and redevelopment.

Owner Participation Agreement means an agreement entered into by an Owner with the Redevelopment Authority in accordance with the provisions of the Redevelopment Plan and these guidelines providing for the assistance by the Redevelopment Authority in the Owner’s efforts to effect redevelopment on a particular property.