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DISPOSITION AND DEVELOPMENT AGREEMENT by and between CITY OF ALAMEDA, a California charter cityandMidPen Housing Corporation, Alameda Point Collaborative, Building Futures With Women and Children,
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How to fill out disposition and development agreement
How to fill out disposition and development agreement
01
To fill out a disposition and development agreement, follow these steps:
02
Begin by reviewing the agreement thoroughly to understand its purpose and requirements.
03
Identify the parties involved in the agreement, including the seller (disposer) and the buyer (developer).
04
Fill in the agreement's introductory section, providing details such as the agreement's title, effective date, and the names of the parties involved.
05
Include a clear description of the property that is being disposed of and developed, including its legal description, address, and any relevant zoning or planning restrictions.
06
Clearly outline the terms and conditions of the agreement, including the purchase price, payment terms, and any contingencies or conditions precedent.
07
Specify the responsibilities of each party regarding environmental assessments, permits, approvals, and any necessary due diligence.
08
Define the timeline and milestones for the development process, including the start and completion dates for various phases.
09
Outline the rights and obligations of both parties concerning insurance, indemnification, and liability.
10
Specify dispute resolution mechanisms, such as mediation or arbitration, in case conflicts arise.
11
Include any additional provisions, disclosures, or exhibits required by law or agreed upon by the parties.
12
Carefully review the completed agreement to ensure accuracy and seek legal advice if necessary.
13
Sign and execute the agreement with all parties involved, and retain copies for future reference.
Who needs disposition and development agreement?
01
Disposition and development agreements are typically needed by parties involved in real estate transactions where property is being sold to a developer for further development.
02
Individuals or companies looking to sell property and collaborate with a developer to maximize its potential value often require a disposition and development agreement.
03
Developers, on the other hand, need such agreements to establish clear rights, obligations, and responsibilities in acquiring the property and carrying out the development process.
04
Municipalities, government agencies, and organizations involved in urban planning and economic development may also utilize disposition and development agreements to facilitate controlled and organized development projects.
05
In summary, anyone involved in the sale, purchase, and subsequent development of a property can benefit from a disposition and development agreement to ensure clarity, protection, and proper execution of the agreed-upon terms.
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What is disposition and development agreement?
Disposition and development agreement is a legal contract that outlines the terms and conditions for the sale or development of property.
Who is required to file disposition and development agreement?
The parties involved in the agreement, such as the property owner and developer, are required to file the disposition and development agreement.
How to fill out disposition and development agreement?
The agreement should be filled out with the details of the property, the parties involved, the terms of the sale or development, and any other relevant information.
What is the purpose of disposition and development agreement?
The purpose of the disposition and development agreement is to provide a legally binding document that governs the sale or development of property.
What information must be reported on disposition and development agreement?
The agreement must include details of the property, the parties involved, the terms of the sale or development, and any other relevant information.
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