Donación Terreno Within 100 In Riverside
Category:
State:
Multi-State
County:
Riverside
Control #:
US-00207
Format:
Word;
Rich Text
Instant download
Description
The Donación Terreno agreement is a formal document outlining the donation of land by Owners to the City for the establishment of an 18-hole golf course in Riverside. Key features include a detailed description of the property, conditions precedent for the donation, and the authorized use of the land exclusively for recreational facilities. The Owner retains rights for design approval and stipulates that if conditions are unmet within four months, the donation may lapse. The City is committed to developing the land and constructing the golf course within defined timelines and under specified conditions. Notably, the Owners have the right of first refusal for any future sale of the property, and if the intended purposes cease, the property reverts to the Owners. This agreement serves as a vital tool for attorneys, partners, and legal staff involved in real estate, as they must ensure compliance with conditions and navigate legal aspects of property transfers efficiently.
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