This is the content of an email: Here are my initial comments: There's no clear triggering event which would expedite the internal approval process. For instance, paragraph 3 is a current obligation (re landscaping). It would be easier to process this agreement if the effectiveness of this agreement commences when we file for a building permit. I understand that we would have to pay some of this prior to the time the permit is issued, but again, magic words help. Paragraph 6 on right of first refusal for power. Looks like a free call for the next 30 years. Just want to make sure you've bought in on this. Other than the obvious valuation impact, it could impact a purchaser's ability to obtain project financing. Kay
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Deerfield development agreement