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ECONOMIC REDEVELOPMENT AGREEMENT BETWEEN OXFORD CHESTERFIELD PARKING, LLC AND THE CITY OF DURHAM THIS AGREEMENT (the Agreement), is made, dated and entered into as of the day of, 2015, by and between
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How to Fill Out Economic Redevelopment Agreement Between:

01
Gather all necessary information: Before starting the process of filling out the economic redevelopment agreement, make sure to collect all the required information. This may include the names and contact information of the parties involved, the purpose of the agreement, and any specific terms or conditions.
02
Identify the scope of the agreement: Determine the purpose and goals of the economic redevelopment agreement. Clearly outline the objectives and desired outcomes to ensure all parties are on the same page.
03
Define the roles and responsibilities: Identify the specific roles and responsibilities of each party involved in the agreement. This may include the obligations of the party providing financing or resources, the responsibilities of the party implementing the redevelopment project, and any reporting or accountability requirements.
04
Outline the financial terms: Specify the financial aspects of the agreement, such as the amount of funding or resources being provided, the repayment terms (if applicable), and any other financial obligations or considerations.
05
Include any necessary legal clauses: Depending on the jurisdiction and nature of the agreement, it may be important to include certain legal clauses. Examples include clauses related to confidentiality, intellectual property rights, dispute resolution, and termination or amendment of the agreement.
06
Seek legal advice if needed: If you are unsure about any aspect of the agreement or if it requires complex legal considerations, it is always advisable to seek legal advice. A lawyer specializing in business or contract law can provide valuable guidance and ensure that the agreement meets all legal requirements.

Who Needs Economic Redevelopment Agreement Between:

01
Local governments or municipalities: Economic redevelopment agreements are often used by local governments or municipalities to facilitate and regulate the redevelopment of specific areas or properties within their jurisdiction. These agreements help incentivize private developers, attract investment, and stimulate economic growth.
02
Real estate developers: Developers who wish to undertake a redevelopment project often require an economic redevelopment agreement to establish the terms and conditions under which they can proceed. These agreements may provide financial incentives, regulatory relief, or other benefits to encourage and support the redevelopment efforts.
03
Community organizations or non-profits: In some cases, community organizations or non-profit entities may negotiate economic redevelopment agreements to address specific social or economic needs in their communities. These agreements may focus on affordable housing, job creation, or other community development priorities.
Overall, economic redevelopment agreements are useful tools for fostering collaboration between various stakeholders to revitalize underutilized areas, promote economic development, and improve communities. The specific parties involved and the content of the agreement will vary depending on the context and objectives of the redevelopment project.
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The economic redevelopment agreement is usually between a local government and a private entity or developer.
The private entity or developer involved in the agreement is required to file the economic redevelopment agreement.
The agreement must be filled out with detailed information on the project, development plans, financial terms, and any other relevant details.
The purpose of the economic redevelopment agreement is to outline the terms and conditions of the redevelopment project and establish a framework for cooperation between the parties involved.
The agreement must include information on the parties involved, project details, financial terms, timeline, and any other relevant information required by the local government.
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