Common use of Land Acquisition Clause in Contracts

Land Acquisition. The Grantee is authorized to purchase the land described in Attachment 3, Grant Work Plan. All land acquired under this Agreement shall be used in perpetuity for the purposes described herein. As agreed by the Grantee at the Department’s request, the Grantee shall execute and record a separate Declaration of Restrictive Covenants (DRC) that shall run with the title to the Property. The Grantee shall provide a copy of the recorded DRC to the Department as evidence of compliance with this provision and shall comply with all other requirements and prohibitions listed in the recorded DRC. Any applicable recording fees and costs are the sole responsibility of the Grantee.

Land Acquisition. The Grantee is authorized to purchase the land described in Attachment 3, Grant Work Plan. All land acquired under this Agreement shall be used in perpetuity for the purposes described herein. As agreed by the Grantee at the Department’s request, the Grantee shall execute and record a separate Declaration of Restrictive Covenants Covenant (DRC) that shall run with the title to the Property. The Grantee shall provide a copy of the recorded DRC to the Department as evidence of compliance with this provision and shall comply with all other requirements and prohibitions listed in the recorded DRC. Any applicable recording fees and costs are the sole responsibility of the Grantee.