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Amended and Restated Option Agreement for Lower Hill
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- Sports & Exhibition Authority of Pittsburgh and Allegheny County
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What This Document Says
2769589.4 Execution Copy AMENDED AND RESTATED COMPREHENSIVE OPTION AGREEMENT BY AND AMONG SPORTS & EXHIBITION AUTHORITY OF PITTSBURGH AND ALLEGHENY COUNTY (“SEA”), URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH (“URA”) (SEA AND URA ARE COLLECTIVELY REFERRED TO IN THIS AGREEMENT AS “SELLER”) AND PITTSBURGH ARENA REAL ESTATE REDEVELOPMENT LP (“OPTIONEE”) June ‘c ,2018 TABLE OF CONTENTS Paoe -- OPTION .2 1.1 Use olTerms 2 1.2 Grant of Option 3 1.3 Option Term 3 1.4 Selection of Redeveloper 3 1.5 Intentionally Omitted 4 1.6 Intentionally Omitted 4 1.7 LEED® for Neighborhood Development 4 IL LAND DEVELOPMENT 5 2.1 Intentionally Omitted 5 2.2 Preliminary Land Development Plan and SP District 5 2.3 Intentionally Omitted 5 2.4 Final Land Development Plan 5 III. EXERCISE OF OPTION 5 3.1 Exercise of Option 5 3.2 Redevelopment Credits 7 3.3 Covenants of Seller 9 3.4 Dedication of Infrastructure Rights of Way 9 3.5 UrbanOpenSpace 9 IV. INSPECTION; TITLE AND ENVIRONMENTAL MATTERS 11 4.1 Right to Inspect; Access for Investigation 11 4.2 Title Matters 12 4.3 Environmental Matters 13 V.
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