Open Space Easement Contribution for Units Over 4.0 Dwelling Units Per Acre Sample Clauses

Open Space Easement Contribution for Units Over 4.0 Dwelling Units Per Acre. The Applicant shall make a cash donation toward the purchase by the County of up to thirty six (36) open space easements in the amount of $7,000 per open space easement; provided, however, that the Applicant on its own initiative may procure such open space easements at whatever price available. In the event the Applicant or the County purchases such open space easements as set forth above, the Applicant shall receive the right to build twenty additional residential unit(s) for each open space easement purchased, above the initial 3 52 units developed. Either the donation for or procurement of one additional open space easement as described in this paragraph shall be provided prior to issuance of zoning permits for each group of twenty (20) additional residential units constructed on the PDH-3 0 Property after the first 352 residential units are constructed. The aforesaid cash donation of $7,000 per easement shall not be required where the Applicant has, on its own, provided such open space easements. The aforesaid cash payment, or evidence satisfactory in form to the County of such open space easement, shall be presented to the County for approval prior to record plat or final site plan approval, for those groups of twenty units requiring the open space easements above the first 3 52 residential units constructed on the PDH-3 0 Property.
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Related to Open Space Easement Contribution for Units Over 4.0 Dwelling Units Per Acre

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