Common use of Agreement in Principle Clause in Contracts

Agreement in Principle. The February 1998 Agreement in Principle (FEIS, Appendix C) established a framework for the development of the Draft SYP/HCP. It defined certain components of PALCO’s ITP applications, addressed procedures for completion of the July 1998 Draft SYP/HCP, and provided for PALCO’s implementation of certain conservation measures in the interim. Among other provisions, the agreement includes the following: • Indicates that PALCO will apply for ITPs that cover 50 years • Identifies PALCO lands in addition to the Headwaters and Elk Head Springs stands that will be conserved for the marbled murrelet and other species • States PALCO’s commitments regarding implementation of specific stream-related measures in pending THPs prior to issuance of the ITPs and inclusion of those measures in the July 1998 Draft SYP/HCP The Agreement in Principle did not provide any advance approval of the SYP/HCP by the responsible agencies. As with the Headwaters transactions, approval and implementation of this Plan is subject to all applicable laws, including NEPA and CEQA.