Predevelopment Agreement definition
Examples of Predevelopment Agreement in a sentence
On September 3, 2008, the City and the Developer entered into a Predevelopment Agreement in order to carry out specified "Predevelopment Activities," including the preparation of a "Master Plan," and on December 7, 2009 the City and the Developer entered into an amendment to the Predevelopment Agreement in order to modify certain terms.
D White: April 25, 2016 Council meeting was for public comment on the Burlington Town Center Predevelopment Agreement, which City Council may act on at May 2 meeting.
The Predevelopment Agreement, which expired on December 31, 2015 and was extended to December 31, 2016, relates to the sharing of third-party predevelopment costs incurred in connection with the planning of the future redevelopment of certain adjacent real estate assets in the Twinbrook area of Rockville, Maryland.
Bankruptcy Code) is instituted in connection with any controversy arising out of this Predevelopment Agreement or to interpret or enforce any rights or obligations hereunder, the prevailing or non-defaulting party shall be entitled to recover its attorney, paralegal, accountant, and other expert fees and all other fees, costs, and expenses actually incurred and reasonably necessary, as determined by the court at trial or on any appeal or review, in addition to all other amounts provided by law.
Pursuant to a promissory note executed in connection with the Predevelopment Agreement (the “Initial Predevelopment Loan Note”), SCH is obligated to repay the Initial Predevelopment Loan only if the predevelopment activities described therein advance the Project to the development stage, with SCH as the developer.
Neither party shall partially or wholly dispose of, assign, or agree to dispose of or assign its interest in or obligations under this Predevelopment Agreement without the prior written approval of the other party, to be granted at the other party’s sole discretion.
This Predevelopment Agreement shall be governed and construed according to the laws of the State of Oregon, without regard to its choice of law provisions.
Concordia and PPS, each for itself and its successor and assigns, agrees that in performing its obligations under this Predevelopment Agreement, it will not discriminate against any employee or applicant for employment because of race, color, religion, age, gender, sexual orientation, disability or national origin.
The Circuit Court of the State of Oregon for Multnomah County or the Federal District Court located in Multnomah County shall have exclusive jurisdiction over all lawsuits brought by any party against any other party with respect to the subject matter of this Predevelopment Agreement, and each party hereby irrevocably consents to such exclusive jurisdiction and waives any and all objections it might otherwise have with respect thereto.
The Commission will select one proposal inclusive of a Predevelopment Agreement submitted by the Proposer.