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