Common use of Future Development Clause in Contracts

Future Development. 3.1 The Owner agrees to restore and rehabilitate the brick heritage building for residential use prior to the subdivision and development phasing plan outlined in Schedule “B”. 3.2 The Owner agrees that future development of the site will: a) maintain the brick heritage building and rehabilitate the interior of the building to allow for the development of eight residential units. b) be in conformance with the general provisions of the City of Kelowna’s Zoning Bylaw No. 8000 as amended, and Sign Bylaw No. 8235 as amended and the specific requirements of the RM5 – Medium Density Multiple Housing zone unless otherwise permitted or regulated through a heritage alteration permit or an amendment to this agreement; c) allow for variances to the required rear yard and side yard adjacent to the Heritage Building will be permitted at the time of subdivision as outlined on Schedule “B”.