Proposed Redevelopment Clause Samples
Proposed Redevelopment. 8.3.1 Subject to clause 8.3.3, the Council consents to the Proposed Redevelopment being undertaken by the Lessee in accordance with this Lease (and this clause 8.3.1 shall be in satisfaction of clause 8.2 of this Lease).
8.3.2 The Proposed Redevelopment shall be undertaken by the Lessee at its own cost and expense but subject to first obtaining all necessary Development Approvals:
8.3.2.1 in a good and workmanlike manner; and
8.3.2.2 substantially in accordance with the Concept Plans (subject to clause 8.3.3 below) and otherwise Council’s reasonably directions and requirements.
8.3.3 Without limiting any other provision of this Lease, the parties acknowledge and agree that:
8.3.3.1 the Lessee may only add to, amend, vary, remove from or modify the Concept Plans (“Concept Plans Variation”) with the consent of the Council;
8.3.3.2 the Council will not unreasonably withhold consent to a Concept Plans Variation provided that any Concept Plans Variation is not a Material Variation;
8.3.3.3 if the Concept Plan Variation is a Material Variation then the Council may withhold consent in its discretion;
8.3.3.4 the Council will not be acting unreasonably if Council considers it necessary to undertake further public or community consultation regarding the Concept Plans Variation; and
8.3.3.5 all improvements, fixtures and fittings constructed on the Leased Area and/or Licence Area as part of the Proposed Redevelopment shall remain the property of the Lessee and will not form part of the Leased Area.
8.3.4 In this clause 8.3, “Material Variation” means a variation which would result in:
Proposed Redevelopment. The Parties have been advised that the real property described in Exhibit A (the “Property”) lying within the corporate limits of the City of Colorado Springs, Colorado (the “City”) is being studied for designation as an urban renewal area to be redeveloped by one or more developers and/or property owner(s) as a mixed use development(s) that will eliminate existing blighted conditions which constitute threats to the health, safety and welfare of the community and barriers to development.
Proposed Redevelopment. ▇▇▇▇▇▇ ▇▇▇▇ will acquire the Property and intends to use it for warehouse distribution.
Proposed Redevelopment. GMH will acquire the Property and intends to maintain its use for commercial and light industrial businesses and to develop the undeveloped portion of the Property.
Proposed Redevelopment. ▇▇▇▇▇▇▇ will acquire the Property and intends to redevelop it into a gas station with convenience store and food services.
Proposed Redevelopment. Sigma will acquire the Property and intends to use the facility for warehouse activities.
Proposed Redevelopment. Delta will acquire the Property and intends to develop the Property for a trucking terminal.
Proposed Redevelopment. ▇▇▇▇▇▇▇▇ will acquire the Property and intends to develop the parcels and surrounding area with retail, restaurant, and entertainment spaces.
Proposed Redevelopment. ▇▇▇▇▇▇▇ will acquire the Property and intends to sell the Property to Executive Personal Computers, Inc. who will collect, store, assemble, and disassemble computers, servers, and related products.
Proposed Redevelopment. ▇▇▇▇▇▇▇▇▇▇ will acquire the Property and intends to continue the current use of the existing facility with the possible construction of an additional office building.