Parcel Sales Sample Clauses

Parcel Sales. The City acknowledges that the precise location and details of the public improvements, lot layout and design, and any other similar item regarding the development of a particular Parcel may not be known at the time of the creation of or sale of a Parcel. Master Developer may obtain approval of a Subdivision as is provided in Utah Code Xxx., Section 10-9a-103(65)(c)(v) (2022) that does not create any individually developable lots in the Parcel without being subject to any requirement in the City’s Vested Laws to complete or provide security for any Public Infrastructure at the time of such subdivision. The responsibility for completing and providing security for completion of any Public Infrastructure in the Parcel shall be that of the Master Developer or a Subdeveloper upon a subsequent re-Subdivision of the Parcel that creates individually developable lots. However, construction of improvements shall not be allowed until the Master Developer or Subdeveloper complies with the City’s Vested Laws and the City’s security requirements in effect at the time of a completed Development Application.

Parcel Sales. The City acknowledges that the precise location and details of the public improvements, lot layout and design and any other similar item regarding the development of a particular Parcel may not be known at the time of the sale of a Parcel. The City acknowledges that Property Owners may seek and obtain approval of a portion of the Parcel without providing such detailed development information, subject to the specific “Parcel Sales” provisions of Section 5.15.

Parcel Sales. Holdings and its successors may sell portions of the Property in a manner that does not create individually developable lots. Such sales shall not be subject to any requirement to complete or provide security for any On-Site Infrastructure or Off-Site Infrastructure at the time of such sale. The responsibility for completing and providing security for completion of any On-Site Infrastructure or Off-Site Infrastructure in the Parcel shall be that of the Developer or a Sub-developer upon a subsequent re-Subdivision of the Parcel that creates individually developable lots.

Parcel Sales. The Town acknowledges that the precise location and details of the public improvements, lot layout and design and any other similar item regarding the development of a particular Parcel may not be known at the time of the creation of or sale of a Parcel. Master Developer may obtain approval to partition land as is provided in Utah Code Xxx., Section 10-9a-103(65)(c)(v) (2020) that does not create any individually developable lots in the Parcel without being subject to any requirement in the Town’s Vested Laws to complete or provide security for any Public Infrastructure at the time of such subdivision.

Parcel Sales. The Town acknowledges that the precise location and details of the public improvements, lot layout and design, and any other similar item regarding the development of a particular Parcel may not be known at the time of the creation of or sale of a Parcel. Master Developer may obtain approval of a Parcel in any manner allowed by law. If, pursuant to Utah Code Xxx. § 10-9a- 103(66)(c)(v) (2024), there are no individually developable lots in the Parcel, the creation of the Parcel would not be subject to subdivision requirement in the Town’s Vested Laws including the requirement to complete or provide security for any Public Infrastructure at the time of the creation of the Parcel. The responsibility for completing and providing security for completion of any Public Infrastructure in the Parcel shall be that of the Master Developer or a Subdeveloper upon a subsequent Subdivision of the Parcel that creates individually developable lots. . An instrument shall be recorded specifying the material details of any Parcel sale such as the number of acres, number of units and any other material information regarding what rights and/or obligations are being sold. The recorded instrument shall be signed by Master Xxxxxxxxx and the buyer. The City shall also sign acknowledging that it has notice of the sale and that the recorded instrument complies with this subsection.

Parcel Sales. The revenue achieved from Parcel Sales shall be included in Total Revenue as and when the funds are received by the Developer or an Affiliate.

Parcel Sales. The City acknowledges that the precise location and details of the public improvements, lot layout and design, and any other similar item regarding the development of a particular Parcel may not be known at the time of the creation of or sale of a Parcel. Master Developer may obtain approval of a Parcel in any manner allowed by law. If, pursuant to Utah Code Xxx. § 10-9a-103(66)(c)(v) (2024), there are no individually developable lots in the Parcel, the creation of the Parcel would not be subject to subdivision requirement in the City’s Vested Laws including the requirement to complete or provide security for any Public Infrastructure at the time of the creation of the Parcel. The responsibility for completing and providing security for completion of any Public Infrastructure in the Parcel shall be that of the Master Developer or a Subdeveloper upon a subsequent Subdivision of the Parcel that creates individually developable lots.

Parcel Sales. The City agrees that, if consistent with the provisions of Utah Code Xxx. § 10- 9a-103(65)(c)(v) (2022), Developer may convey Parcels or a portion of any Parcel by metes and bounds prior to recordation of a plat of subdivision for such portion. A Record of Survey shall be provided to the Administrator for the purpose of verifying such sales and divisions of land by deed will not deviate from the Project as outlined in the PD Plan and this Agreement. Accounting of Density for Parcel(s) or Portions of a Parcel Conveyed to Sub-developers. Any Parcel sold by Developer to a Sub-developer without a Final Plat recorded shall include the transfer of a specified number of Units with the Parcel and be subject to the terms of this Agreement and PD Plan.