The District of Columbia Master Development Agreement (MMA) is a contractual agreement between the District of Columbia government and a private entity, outlining the terms and conditions for the development and revitalization of certain areas within the district. The agreement aims to foster economic growth, enhance infrastructure, and improve the overall quality of life for residents. The MMA typically identifies a specific geographic area, known as the development site, where the proposed redevelopment projects will take place. It often includes detailed provisions regarding land use, zoning regulations, construction plans, and the allocation of financial resources. These agreements are entered into with the goal of attracting private investment, creating jobs, and promoting sustainable development. In the context of the District of Columbia, there are various types of Master Development Agreements that have been implemented to address the unique requirements of different areas. Some notable types include: 1. St. Elizabeth's East Campus MMA: This agreement pertains to the revitalization of the former St. Elizabeth's Hospital campus, located in Southeast D.C. It aims to transform the site into a vibrant mixed-use community, focusing on creating affordable housing, job opportunities, and community amenities while preserving the historic structures. 2. Southwest Waterfront MMA: This agreement focuses on the redevelopment of the Southwest Waterfront area, which encompasses The Wharf, a mile-long stretch along the Potomac River. It aims to revitalize the waterfront, enhancing public spaces, introducing retail and entertainment venues, and promoting a mix of residential and commercial properties. 3. Walter Reed Adaptive Reuse MMA: This specific agreement outlines the redevelopment plans for the former Walter Reed Army Medical Center site. It aims to transform the area into a mixed-use campus, featuring housing, office space, retail establishments, healthcare facilities, and recreational areas. These examples demonstrate the diverse applications of the District of Columbia Master Development Agreement, each catering to the unique needs and opportunities of different neighborhoods within the city. Through these agreements, the District government collaborates with private entities to drive economic growth, infrastructure development, and community improvement initiatives, making the District of Columbia an attractive place for business, investment, and urban renewal.
District of Columbia Master Development Agreement
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How to fill out Master Development Agreement?
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A development agreement is a legal contract where a property owner will contract with local jurisdiction that the property is located in to develop the property. This real estate agreement dictates what can and will be done with the property.
While Joint Venture and a Joint Development Agreement are synonymously used terminologies, they are quite different. A Joint Venture also referred as JV is applicable to every kind of business; however, a Joint Development Agreement i.e. JDA is restricted only to the real estate sector.
Co-development agreements establish which company owns which aspect of the intellectual property in question. With ownership comes responsibility for patent prosecution and mounting defenses against allegations of IP infringement.
Joint Development Agreement means a registered agreement in which a person owning land or building agrees to allow another person to develop a real estate project on such land or building, in consideration of a share in such project, whether with or without payment of part of the consideration in cash or by a cheque or ...
A joint development agreement (JDA) sets the terms for two or more parties working together to develop a particular product or technology. The JDA is typically negotiated before or during the working relationship. Intellectual property is often a key issue in a JDA, so the agreement should clearly state who owns what.
A product development and license agreement is a contract between two companies who wish to combine their knowledge to develop a new product. The contract states what each company is expected to contribute to the development of the product.
Master Development Agreement means an agreement between the master developer and the political subdivision to govern a STAR bond district and any STAR bond projects.
A development agreement is a legally binding contract between a property owner or developer and a local government, often including terms not otherwise required through existing regulations.