Redevelopment Agreement Clause Samples

Redevelopment Agreement. The City and Redeveloper entered into that certain Redevelopment Agreement dated as of this even date, describing the Redeveloper Public Improvements being made on behalf of the City in the Redevelopment Project Area and the Private Improvements being made to real property Redeveloper will be acquiring pursuant to its contract interest in the City of Lincoln, Nebraska, as more particularly described on the Notice to Proceed (“Project Site”).

Redevelopment Agreement. The City and Redeveloper have entered into that certain Redevelopment Agreement dated as of this even date, describing the public improvements being made by the City in the Redevelopment Area and the New Building to be constructed on the real property owned by Redeveloper and legally described as:

Redevelopment Agreement. CDA and Redevelopers have entered into that certain Redevelopment Agreement dated as of this even date, describing the private improvements being made to real property owned by Redeveloper and legally described as:

Redevelopment Agreement. The City and Redeveloper entered into that certain City of Lincoln Redevelopment Agreement (23rd & O) dated , 2015 (“Redevelopment Agreement”), describing the public improvements being made on behalf of the City in the Redevelopment Area and the Private Improvements being made to real property owned by (or to be leased by) the Redeveloper and legally described on the attached and incorporated Exhibit “A”.

Redevelopment Agreement. This contract is contingent upon the Village of Homewood (Seller), and DP Homewood, LLC, or its assignee (“Purchaser”), entering into a redevelopment agreement for the property within ninety (90) days of the contract date. If a redevelopment agreement is not approved by all parties within ninety (90) days, Purchaser or Seller may terminate this contract with no further obligation.

Redevelopment Agreement. SERA and SSA have entered into a certain Redevelopment Agreement of even date herewith for the redevelopment of the Property (the "Redevelopment Agreement"), which Redevelopment Agreement sets forth all of the terms, covenants, conditions, representations and agreements of the parties.

Redevelopment Agreement. The Urban Renewal Entity shall give the City written notice of any such Security Arrangements, together with the name and address of the secured party or secured parties. Failure to provide such notice waives any requirement of the City hereunder to provide any notice of default or notice of intent to enforce its remedies under this Financial Agreement.

Redevelopment Agreement. This contract is contingent upon the Village of Homewood (Seller) and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (Purchaser) entering into a redevelopment agreement for the property. If a redevelopment agreement is not approved by all parties, Purchaser or Seller may terminate this contract with no further obligation.

Redevelopment Agreement. (a) As it relates exclusively to the Phase 1 Project, the Redevelopment Agreement and the Phase 1 Modification Agreement are hereby deemed null and void and no longer in effect and the Parties shall have no further duties, obligations, responsibilities or liabilities thereunder. With respect to the Revised Project, except as set forth at subsection (d), below, the Parties shall continue to have the right to exercise the rights and remedies set forth in the Redevelopment Agreement as of the date hereof. (b) The Parties hereto expressly acknowledge and agree that Prism Green’s obligation to provide no less than seventy-one (71) low and moderate income affordable residential units as required by the Redevelopment Agreement (less any units that may have been provided in accordance with the Redevelopment Agreement prior to the date hereof) is not in any way altered or diminished by this Modification Agreement and/or by the removal of Prism Green’s previous designation as redeveloper of the Phase 1 Project or the undertaking of the Phase 1 Project by the Phase 1 Redeveloper. (c) The Parties hereby expressly agree and covenant to negotiate in good faith a revised Redevelopment Agreement with respect to the Revised Project (the “Negotiations”) for a period commencing on the date of execution of this Agreement and continuing for six months therefrom (the “Negotiation Period”). The objective of the Negotiations is to revise the Redevelopment Agreement in such a way that the entire Redevelopment Project, and not just a distinct phase thereof, is mutually acceptable and economically feasible to both Parties, including, without limitation, terms relating to project phasing and development schedules, affordable housing obligations, infrastructure requirements, property acquisition, the issuance of redevelopment area bonds, and a payment-in-lieu-of-tax structure that recognizes both the importance of this form of financial assistance to the implementation of the Revised Project and the need for revenues to be generated in order for the Township to provide governmental services. The Parties acknowledge that the terms of the Revised Project are interrelated with the Phase 1 Project, and for purposes of such Negotiations shall be viewed in light of the overall economics of the entire Redevelopment Project, and not any single or distinct Phase thereof. The Parties further acknowledge that the Negotiations shall take into account changes to market conditions since the executi...