Quote:
Originally Posted by musicman
I have just read most of the City Center Atlantic information and i was wondering if the same rules apply to this project... There is a section about signing the development agreement that states that the development agreement has to be signed before the experation date... Not that you have to break ground... And that this date can be extended with notice from the developer 60 days prior to the the experation date
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Development agreements vary between projects. These documents become a registered document on the property amd therefore can be reviewed with people with access.
From what i can remember, the agreement for this development is signed, and that the developer has to commence the project prior to expiry.
For example the trillum project i believe had 10 years to start, so each development agreement varies.