Common use of Agreement to Sell and Purchase Development Rights Clause in Contracts

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 to sell all of the Development Rights and Family Conveyances in the Land to the County and the County agrees to purchase all of the Development Rights and Family Conveyances 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 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 $ $5,894.46 (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 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 5,832.20 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 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 6,000.00 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 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 4,972.00 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”).