Donación Terreno Withdrawn In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00207
Format:
Word;
Rich Text
Instant download
Description
The Donación Terreno Withdrawn in Orange agreement is a formal contract between the City and landowners for the donation of land intended for the development of a premium quality 18-hole daily-fee golf course. Key features include a description of the property being donated, conditions precedent for the donation, and specific allowed uses of the property, ensuring it is exclusively utilized for the golf course and related amenities. The agreement outlines the responsibilities of both parties, including the requirement for the City to engage a qualified developer and adhere to the approved design specifications. It includes provisions for utility placement, the right of first refusal for Owners, and a reverter clause stipulating that the property must be maintained for its intended purpose or revert back to the Owners. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form is essential for facilitating land donations while ensuring compliance with state regulations and the interests of all parties involved. Clear instructions are provided to fill and edit necessary sections including property details and conditions. The agreement fosters collaborative planning for zoning and development while simplifying legal obligations associated with land gifting.
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FAQ
If you give property to a qualified organization, you can generally deduct the fair market value (FMV) of the property at the time of the contribution.
Donate real estate in CA in just a few steps Submit the online form with some basic info about your real estate. We'll review the property to determine if our charity can accept it. We'll take care of the paperwork & mail closing documents over for you to sign.
The contributions must be made to a qualified organization and not set aside for use by a specific person. If you give property to a qualified organization, you can generally deduct the fair market value (FMV) of the property at the time of the contribution.
