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

Agreement to Sell and Purchase Development Rights. The Seller agrees 21 to sell all of the Development Rights and Family Conveyances in the Land to the County and the 22 County agrees to purchase all of the Development Rights and Family Conveyances in the Land 23 from the Seller on the Closing Date for the purchase price of $ (the “Purchase Price”). 24 The Purchase Price is equal to $100,000.00 per Development Right for the first six (6) 25 Development Rights (per parcel) and $50,000.00 for each additional Development Right above six 26 (6) (per parcel) for eleven (11) Development Rights, and represents the least of the three amounts 27 calculated as the Purchase Price on the basis of the following factors: (i) the Maximum Easement 28 Per Acre Value (as defined in the Authorizing Act), (ii) the Maximum Development Right Value 29 (as defined in the Authorizing Act) and (iii) Maximum Per Acre Value (as defined in the 30 Authorizing Act and also referred to therein as the “maximum per acre cap”).

Agreement to Sell and Purchase Development Rights. The Seller 23 agrees 21 to sell all of the Development Rights and Family Conveyances in the Land to the County and the 22 County agrees to 24 purchase all of the Development Rights and Family Conveyances in the Land 23 from the Seller on the Closing Date for the 25 purchase price of $ (the “Purchase Price”). 24 The Purchase Price is equal to $100,000.00 26 per Development Right for the first six (6) 25 Development Rights (per parcel) and $50,000.00 for 27 each additional Development Right above six 26 (6) (per parcel) for eleven three (113) Development Rights, 28 the actual number of Development Rights in the Land, and represents the least of the three 29 amounts 27 calculated as the Purchase Price on the basis of the following factors: (i) the Maximum 30 Easement 28 Per Acre Value (as defined in the Authorizing Act), (ii) the Maximum Development 31 Right Value 29 (as defined in the Authorizing Act) and (iii) Maximum Per Acre Value (as defined 32 in the 30 Authorizing Act and also referred to therein as the “maximum per acre cap”).

Agreement to Sell and Purchase Development Rights. The Seller agrees 21 22 to sell all of the Development Rights and Family Conveyances in the Land to the County and the 22 23 County agrees to purchase all of the Development Rights and Family Conveyances in the Land 23 24 from the Seller on the Closing Date for the purchase price of $ (the “Purchase Price”). 24 25 The Purchase Price is equal to $100,000.00 per Development Right for 6,500.00 multiplied by _ acres, the first six (6) 25 Development Rights (per parcel) and $50,000.00 for each additional Development Right above six actual number of acres 26 (6) (per parcel) for eleven (11) Development Rightsin the Land, and represents the least of the three amounts 27 calculated as the Purchase Price on the 27 basis of the following factors: (i) the Maximum Easement 28 Per Acre Value (as defined in the 28 Authorizing Act), (ii) the Maximum Development Right Value 29 (as defined in the Authorizing Act) 29 and (iii) Maximum Per Acre Value (as defined in the 30 Authorizing Act and also referred to therein 30 as the “maximum per acre cap”).

Agreement to Sell and Purchase Development Rights. The Seller 22 agrees 21 to sell all of the Development Rights and Family Conveyances in the Land to the County and the 22 County agrees to 23 purchase all of the Development Rights and Family Conveyances in the Land 23 from the Seller on the Closing Date for the 24 purchase price of $ (the “Purchase Price”). 24 The Purchase Price is equal to $100,000.00 per Development Right for $ 25 multiplied by acres, the first six (6) 25 Development Rights (per parcel) and $50,000.00 for each additional Development Right above six 26 (6) (per parcel) for eleven (11) Development Rightsactual number of acres in the Land, and represents the least of 26 the three amounts 27 calculated as the Purchase Price on the basis of the following factors: (i) the 27 Maximum Easement 28 Per Acre Value (as defined in the Authorizing Act), (ii) the Maximum 28 Development Right Value 29 (as defined in the Authorizing Act) and (iii) Maximum Per Acre 29 Value (as defined in the 30 Authorizing Act and also referred to therein as the “maximum per acre 30 cap”).

Agreement to Sell and Purchase Development Rights. The Seller agrees 21 to sell all of the Development Rights and Family Conveyances in the Land to the County and the 22 County agrees to purchase 22 all of the Development Rights and Family Conveyances in the Land 23 from the Seller on the Closing Date for the purchase 23 price of $ (the “Purchase Price”). 24 The Purchase Price is equal to $100,000.00 per Development Right for the first six (6) 25 Development Rights (per parcel) and $50,000.00 for each additional Development Right above six 26 (6) (per parcel) for eleven (11) _ multiplied 24 by Development Rights, the actual number of Development Rights in the Land, and 25 represents the least of the three amounts 27 calculated as the Purchase Price on the basis of the 26 following factors: (i) the Maximum Easement 28 Per Acre Value (as defined in the Authorizing Act), 27 (ii) the Maximum Development Right Value 29 (as defined in the Authorizing Act) and (iii) 28 Maximum Per Acre Value (as defined in the 30 Authorizing Act and also referred to therein as the 29 “maximum per acre cap”).

Agreement to Sell and Purchase Development Rights. The Seller agrees 21 22 to sell all of the Development Rights and Family Conveyances in the Land to the County and the 22 23 County agrees to purchase all of the Development Rights and Family Conveyances in the Land 23 24 from the Seller on the Closing Date for the purchase price of $ (the “Purchase Price”). 24 25 The Purchase Price is equal to $100,000.00 per Development Right for $ multiplied by acres, the first six (6) 25 Development Rights (per parcel) and $50,000.00 for each additional Development Right above six actual number of acres 26 (6) (per parcel) for eleven (11) Development Rightsin the Land, and represents the least of the three amounts 27 calculated as the Purchase Price on the 27 basis of the following factors: (i) the Maximum Easement 28 Per Acre Value (as defined in the 28 Authorizing Act), (ii) the Maximum Development Right Value 29 (as defined in the Authorizing Act) 29 and (iii) Maximum Per Acre Value (as defined in the 30 Authorizing Act and also referred to therein 30 as the “maximum per acre cap”).

Agreement to Sell and Purchase Development Rights. The Seller 22 agrees 21 to sell all of the Development Rights and Family Conveyances in the Land to the County and the 22 County agrees to 23 purchase all of the Development Rights and Family Conveyances in the Land 23 from the Seller on the Closing Date for the 24 purchase price of $ (the “Purchase Price”). 24 The Purchase Price is equal to $100,000.00 25 per Development Right for the first six (6) 25 Development Rights (per parcel) and $50,000.00 for 26 each additional Development Right above six 26 (6) (per parcel) for eleven (11) Development Rights, 27 the actual number of Development Rights in the Land, and represents the least of the three 28 amounts 27 calculated as the Purchase Price on the basis of the following factors: (i) the Maximum 29 Easement 28 Per Acre Value (as defined in the Authorizing Act), (ii) the Maximum Development 30 Right Value 29 (as defined in the Authorizing Act) and (iii) Maximum Per Acre Value (as defined 31 in the 30 Authorizing Act and also referred to therein as the “maximum per acre cap”).