Laserfiche WebLink
conveyance, Redeveloper ceases'to hold an ownership interest in <br />any real property in the Site, then the covenants contained in <br />this section shall run with the land which is the subject of <br />such conveyance." <br />6. Section 706 is added to the D.D.A. to read as follows: <br />"F. 1§2061 The Paseo <br />In the event that the City vacates Spurgeon Street <br />between Third Street and Fourth Street, or any part thereof, and <br />as a result of such street vacation, Redeveloper acquires an un- <br />encumbered -fee interest in the part so vacated, or any part <br />thereof, Redeveloper covenants and agrees that the area to which <br />Redeveloper thus acquires such unencumbered fee interest shall <br />be used as an open-air market, together with uses reasonably <br />incidental thereto, that no full enclosed building shall be <br />constructed thereon without the prior approval of the Agency, <br />and that open-air pedestrian access over and through said area <br />between Third Street and Fourth Street,-and'•to buildings having <br />access on to said area, will be preserved. <br />The foregoing covenant shall run with the land to <br />which it pertain and be binding on Redeveloper's successors -in - <br />interest therein. <br />7. Attachment No. 8, Scope of Development, to the D.D.A. <br />is amended to read as set forth in Exhibit A, attached hereto <br />and incorporated herein. <br />-7- <br />