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MEMORANDUM OF UNDERSTANDING Redevelopment of Distressed Properties This Memorandum of Understanding (YOU) is an agreement dated ___, 2021 between the City of Lake Wales, a Florida municipal corporation
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It is a document outlining the terms and responsibilities agreed upon by parties.
Typically, all parties involved in the agreement are required to file the memorandum of understanding.
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The purpose is to clearly define the roles, responsibilities, and expectations of all parties involved.
Information such as the names of parties involved, scope of agreement, timeline, and responsibilities must be reported.
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