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Supplementary Development Agreement
"I need a Supplementary Development Agreement to modify our existing development agreement for the Riverside Heights project to add three new residential towers and extend the completion deadline to December 2025, with updated environmental compliance requirements for the expanded scope."
1. Parties: Identification of all parties to the agreement, including the original developer, any new parties, and the relevant authorities
2. Background: Recitals explaining the context, reference to original agreement, and reason for supplementary agreement
3. Definitions: Definitions of terms used in the agreement, including both new terms and reference to definitions from original agreement
4. Relationship with Original Agreement: Clarification of how this agreement relates to and modifies the original development agreement
5. Modifications to Original Agreement: Specific changes, additions, or modifications to the original agreement
6. Additional Development Requirements: New or modified development obligations, specifications, or requirements
7. Timeline and Milestones: Updated or additional development timelines and completion milestones
8. Financial Terms: Any new or modified financial obligations, security requirements, or payment terms
9. Compliance and Approvals: Requirements for regulatory compliance and necessary approvals for modifications
10. General Provisions: Standard contractual terms including notices, amendments, governing law, etc.
1. Environmental Obligations: Include when modifications affect environmental commitments or requirements
2. Community Benefits: Include when changes impact previously agreed community benefits or add new ones
3. Phasing Modifications: Include when changing the development phasing structure
4. Infrastructure Requirements: Include when modifications affect infrastructure obligations
5. Third Party Rights: Include when changes affect rights of third parties or new third parties are involved
6. Force Majeure: Include when new circumstances require specific force majeure provisions
7. Dispute Resolution: Include when specific dispute resolution mechanisms are needed for new elements
1. Schedule A - Modified Site Plan: Updated or modified site plans showing changes to development
2. Schedule B - Additional Technical Specifications: New or modified technical requirements and specifications
3. Schedule C - Revised Timeline: Updated project timeline incorporating new elements
4. Schedule D - Modified Financial Terms: Details of any financial changes or additional requirements
5. Schedule E - Additional Permits and Approvals: List of new or modified required permits and approvals
6. Appendix 1 - Original Agreement Reference: Copy or reference to relevant sections of original agreement being modified
7. Appendix 2 - Updated Development Standards: Any new or modified development standards applicable to the project
Authors
Real Estate
Construction
Urban Development
Infrastructure
Commercial Property
Residential Development
Industrial Development
Mixed-use Development
Public Sector
Environmental Services
Legal
Development
Planning
Construction
Environmental Compliance
Project Management
Real Estate
Regulatory Affairs
Finance
Operations
Development Director
Project Manager
Real Estate Lawyer
Urban Planner
Construction Manager
Property Developer
Land Development Officer
Municipal Planning Officer
Development Control Officer
Environmental Compliance Manager
Chief Development Officer
Legal Counsel
Senior Project Coordinator
Site Manager
Development Executive
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