Examples of Public Park Parcel in a sentence
The City shall only use: (i) the Park Fund Contribution for the repair, operation, and maintenance of the Public Park Parcel in a manner consistent with the maintenance standards set forth in Section 10.2 of the Ground Lease and the standards set forth in attached Exhibit A (the “Park Maintenance Obligation”), and (ii) the Baywalk Contribution for capital expenditures and improvements necessary to complete the Baywalk-Riverwalk Project.
The City and MFP acknowledge that Environmental Conditions may be present on the Public Park Parcel as of the Effective Date, and that such conditions may be known or unknown.
Landlord hereby consents to such risk-based corrective action for a non-residential property, including the implementation of Institutional Controls with respect to the Demised Property, the Public Park Parcel, and such other property owned or controlled by the City adjacent thereto (collectively, the “Affected Property”), in connection with obtaining a No Further Action Determination.
Prior to the Commencement of Construction of the Improvements on the Public Park Parcel, MFP shall (or cause its prime contractor(s) to) record in the public records of Miami-Dade County, Florida, a payment and performance bond equal to the total cost of construction of the Improvements, or the applicable portion thereof for each prime contractor, as reflected in the construction contract between MFP and such prime contractor (the “Payment and Performance Bond”).
Depending on the complexity of the environmental remediation, both properties may need to be included within the boundaries of the Public Park Parcel for purposes of this Agreement.
The City shall cause its insurer(s) to issue customary waiver of subrogation rights endorsements in favor of MFP to all such policies of insurance carried by the City in connection with the Public Park Parcel.
MFP shall not be required to pay any Impositions with respect to the Public Park Parcel or any improvements located now or hereinafter thereon, except for any sales taxes due with respect to any contracts for materials or equipment in connection with the construction of the Improvements.
The City hereby consents to a limitation of the use of the Public Park Parcel to nonresidential purposes and the prohibition of potable or irrigation xxxxx on the Public Park Parcel; the City consents, and will not object, to any Institutional Control needed to achieve the No Further Action Determination, unless it could materially impair the current non- residential use of the Public Park Parcel that is the subject of the Institutional Control or other restriction.
Subject to the terms and conditions of this Agreement, MFP agrees to construct, or cause the construction of, the Improvements on and to the Public Park Parcel.
The Parties agree that the Improvements to the Public Park Parcel contemplated by the Plans and Specifications are public buildings or public works as contemplated under Section 255.05, Florida Statutes.