Lot/Unit Reduction/Redistribution Sample Clauses
The Lot/Unit Reduction/Redistribution clause allows for the adjustment of the number or configuration of lots or units within a development project. In practice, this clause enables a developer or seller to reduce the total number of lots or units, or to redistribute their size or boundaries, often in response to regulatory requirements, market demand, or construction constraints. Its core function is to provide flexibility in project planning and execution, ensuring that the parties can adapt to changing circumstances without breaching the agreement.
Lot/Unit Reduction/Redistribution. (1) The number of units in Division II Phase I shall be reduced by 38 units from 360 units originally approved to 322 units.1
(2) The Lots/Units are restated as follows:
Lot/Unit Reduction/Redistribution. (1) The number of units in Division II Phase I shall be reduced by 3 units 1With this amendment there will be no changes in the total number of allowed units. 1 Of the 360 units originally approved, 155 units have been sold.
(2) The Lots/Units changes are restated as followssummarized in the following table: RIVER RIM RANCH PHASE I, AMENDMENT #7, SUMMARY OF RELOCATED RESIDENTIAL UNITS BLOCK / TRACT (Proposed Use) CURRENT NUMBER OF RESIDENTIAL LOTS PROPOSED NUMBER OF RESIDENTIAL LOTS CHANGE