Moderately Priced Dwelling Units Sample Clauses

Moderately Priced Dwelling Units. In accordance with the provisions of Section 1-6A-5.1(G) of the County Code regarding moderately priced dwelling units (“MPDUs”), Developer hereby elects to utilize, and the BOCC agrees to permit Developer to utilize, the Payment in Lieu of Building MPDUs as provided in Section 1-6A-5.1 aforesaid, as in existence as of the date hereof, in lieu of the prior MPDU requirements for a residential developer. A draft Moderately Priced Dwelling Unit Payment In Lieu Agreement is attached hereto and made part hereof as EXHIBIT 6.
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Moderately Priced Dwelling Units. In lieu of providing 12.5% of the total dwelling units constructed on the Property as MPDU’s, as required by County law, the Charitable Foundation shall have the option of paying a fee in lieu of providing MPDU’s pursuant to Section 1-6A-5.1 of the MPDU Ordinance, and the BOCC agrees to permit the Charitable Foundation to utilize the payment in lieu of building MPDUs instead of building MPDUs as required under 1-6A-5 of the MPDU Ordinance. A draft MPDU Agreement is attached hereto and made a part hereof as Exhibit “6”.
Sample 1
Moderately Priced Dwelling Units. 4.1 Pursuant to Ordinance No. 00-00-000, enacted by the BOCC on September 6, 2011, the Developer shall be entitled to pay a “per dwelling unit payment in lieu” for all residential units in the PUD subject to the County’s Moderately Priced Dwelling Units regulations (“MPDU”) codified as Chapter 1-6A of the Xxxxxxxxx County Code. Ordinance No. 00-00-000 is attached hereto as EXHIBIT 9 and made a part hereof. Notwithstanding a sunset provision of Ordinance No. 00-00-000 of five years from the effective date, this Section 4.1 shall survive the sunset of the Ordinance and shall run with the full term of this Agreement and any duly approved extensions thereof.
Sample 1

Related to Moderately Priced Dwelling Units

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