Examples of Subject Properties in a sentence
By making this Agreement, the City is specifically not obligating itself, or any other agency with respect to any police power or regulatory actions relating to development or operation of the Projects, Infrastructure Projects, and other improvements to be constructed on the Subject Properties, including, but not limited to, rezoning, variances, environmental clearances, or any other governmental approvals which are or may be required.
Property Owners must demonstrate that the total net new Middle-Wage Jobs created on the Subject Properties (the “Net Middle-Wage Job Quota”) are at the levels listed in Table 1 in each Reporting Year.
Before beginning construction of any other residential units on the Subject Properties, Property Owners must begin construction of at least 200 units of housing on the Subject Properties that are affordable to households earning no more than 60 percent of Area Median Income (AMI) as defined by the United States Department of Housing and Urban Development (HUD) (such building will be the “Consolidated Building”).
Net Middle-Wage Jobs are new jobs meeting the above criteria created on the Subject Properties over the baseline.
The Property Owners must create a single, contiguous park on the Subject Properties.