DEVELOPMENT AGREEMENT (UNION ROW) THIS DEVELOPMENT AGREEMENT (this “Agreement”) is made and entered into as of December 30, 2020 (the “Effective Date”), by and between MEMPHIS CENTER CITY REVENUE FINANCE CORPORATION, a public nonprofit corporation organized...
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DEVELOPMENT AGREEMENT (UNION ROW) THIS DEVELOPMENT AGREEMENT (this “Agreement”) is made and entered into as of December 30, 2020 (the “Effective Date”), by and between MEMPHIS CENTER CITY REVENUE FINANCE CORPORATION, a public nonprofit corporation organized under Tenn. Code Ann. §§ 7-53-101, et seq. (“CCRFC”) and UNION ROW LB LLC, a Delaware limited liability company, a wholly owned subsidiary of THE WALK MEMPHIS QOZB, LLC, f/k/a “UNION ROW CO-GP JV, LLC,” a Delaware limited liability company, (the “Developer”). W I T N E S S E T H: WHEREAS, Union Avenue is a gateway into the Core of Downtown Memphis; and WHEREAS, the Developer owns approximately 18.8 acres, of land generally on or about Union Avenue, Fourth Street, Beale Street, Lauderdale Street, Gayoso Avenue and Danny Thomas Boulevard in Downtown Memphis, Shelby County, Tennessee (the “Walk Project” or “Project”, f/k/a the “Union Row Project”); and WHEREAS, the property included in the Walk Project currently contains improved and u
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