Common use of Initial Dedications Clause in Contracts

Initial Dedications. Unless deferred as provided below, within one hundred eighty (180) days of the Effective Date of this Agreement, Developer shall execute and deliver to the County, without cost and for recordation irrevocable offers of dedication (“IODs”), in forms acceptable to the County, for any and all portions of the Property planned to be utilized for any of the following purposes: (i) Backbone Infrastructure described in Section 3.6.1 below; (ii) Community Parks described in Section 3.13.4; (iii) Open space areas described in the Specific Plan, including the drainage areas (“Drainage Areas”) within which the Permanent Drainage Facilities described in Section 3.12 below will be located as generally described in the Drainage Master Plan; and (iv) County Facilities described in Section 3.10 below. The portions of the Property offered for dedication shall be consistent with the locations shown therefor in the Specific Plan; provided, however, the legal descriptions included with the IODs shall be subject to review and approval by the County prior to recordation. With respect to the foregoing dedications, the County will sign the appropriate acknowledgments to allow the dedications to be recorded, but in its sole discretion may choose to defer acceptance of the offers until the applicable improvements to be constructed therein are completed and a financing mechanism for the maintenance of such completed improvements acceptable to the County has been established, or until the County otherwise determines it to be in the interests of the County to accept the offer. Upon recordation of the foregoing IODs by all the Participating Developers, the Participating Developers shall prepare a record of survey of all the dedicated areas and, subject to the approval by the County, the County will cause such record of survey to be recorded in the Official Records of Placer County.