Agreement to Sell and Purchase Development Rights. The Seller agrees to sell all of the Development Rights in the Land to the County and the County agrees to purchase all of the Development Rights in the Land from the Seller on the Closing Date for the purchase price of $ (the “Purchase Price”). The Purchase Price is equal to $6,500.00 multiplied by acres, the actual number of acres in the Land, and represents the least of the three amounts calculated as the Purchase Price on the basis of the following factors: (i) the Maximum Easement Per Acre Value (as defined in the Authorizing Act), (ii) the Maximum Development Right Value (as defined in the Authorizing Act) and (iii) Maximum Per Acre Value (as defined in the Authorizing Act and also referred to therein as the “maximum per acre cap”).
Agreement to Sell and Purchase Development Rights. The Seller agrees 22 to sell all of the Development Rights in the Land to the County and the County agrees to purchase 23 all of the Development Rights in the Land from the Seller on the Closing Date for the purchase 24 price of $ (the “Purchase Price”). The Purchase Price is equal to $100,000.00 per
Agreement to Sell and Purchase Development Rights. The Seller agrees 21 to sell all of the Development Rights in the Land to the County and the County agrees to purchase 22 all of the Development Rights in the Land from the Seller on the Closing Date for the purchase 23 price of $ (the “Purchase Price”). The Purchase Price is equal to $_ multiplied 24 by Development Rights, the actual number of Development Rights in the Land, and 25 represents the least of the three amounts calculated as the Purchase Price on the basis of the 26 following factors: (i) the Maximum Easement Per Acre Value (as defined in the Authorizing Act), 27 (ii) the Maximum Development Right Value (as defined in the Authorizing Act) and (iii) 28 Maximum Per Acre Value (as defined in the Authorizing Act and also referred to therein as the 29 “maximum per acre cap”).
Agreement to Sell and Purchase Development Rights. The Seller 23 agrees to sell all of the Development Rights in the Land to the County and the County agrees to 24 purchase all of the Development Rights in the Land from the Seller on the Closing Date for the 25 purchase price of $ (the “Purchase Price”). The Purchase Price is equal to $100,000.00 26 per Development Right for the first six (6) Development Rights (per parcel) and $50,000.00 for 27 each additional Development Right above six (6) (per parcel) for three (3) Development Rights, 28 the actual number of Development Rights in the Land, and represents the least of the three 29 amounts calculated as the Purchase Price on the basis of the following factors: (i) the Maximum 30 Easement Per Acre Value (as defined in the Authorizing Act), (ii) the Maximum Development 31 Right Value (as defined in the Authorizing Act) and (iii) Maximum Per Acre Value (as defined 32 in the Authorizing Act and also referred to therein as the “maximum per acre cap”).
Agreement to Sell and Purchase Development Rights. The Seller agrees 22 to sell all of the Development Rights and Family Conveyances in the Land to the County and the 23 County agrees to purchase all of the Development Rights and Family Conveyances in the Land 24 from the Seller on the Closing Date for the purchase price of $ (the “Purchase Price”). 25 The Purchase Price is equal to $100,000.00 per Development Right for the first six (6) 26 Development Rights (per parcel) and $50,000.00 for each additional Development Right above six 27 (6) (per parcel) for sixteen (16) Development Rights and two (2) Family Conveyances, being the 28 actual number of Development Rights and Family Conveyances in the Land, and represents the 29 least of the three amounts calculated as the Purchase Price on the basis of the following factors: (i) 30 the Maximum Easement Per Acre Value (as defined in the Authorizing Act), (ii) the Maximum 31 Development Right Value (as defined in the Authorizing Act) and (iii) Maximum Per Acre Value 32 (as defined in the Authorizing Act and also referred to therein as the “maximum per acre cap”).
Agreement to Sell and Purchase Development Rights. The Seller agrees to sell the Development Rights to the County and the County agrees to purchase the Development Rights from the Seller on the date hereof for a purchase price of $_______ (the “Total Purchase Price”).
