Phase III Residential Units Sample Clauses

Phase III Residential Units. The Redeveloper shall construct one hundred seventy three (173) residential units (“Phase III Residential Units”). The Phase III Residential Units will be constructed in a manner that allows the Phase III Parking Garage to be integrated within, and to the greatest extent possible screened by, the residential structure on all street facing elevations. The Redeveloper shall construct the Phase III Residential Units in compliance with all Legal Requirements. The Phase III Residential Units shall consist of for sale units (“Phase IIII Residential For Sale Units”), and rental units (“Phase III Residential Rental Units”). In addition, the greater of twenty (20%) percent of the Phase III Residential Units or the number of Phase III Residential Units which are required to satisfy the Zoning Regulations, shall be deed restricted so as to require such units to comply, in perpetuity, with the requirements of both Section 118-1050 of the Zoning Regulations, as the same may be amended from time to time, and Section 8-30g-8 of the Regulations of Connecticut State Agencies, as the same may be amended from time to time, so as to qualify each such unit as a “Workforce Housing Unit” and an “affordable unit”, respectively. To the extent that the terms and conditions of the Zoning Regulations and the State Regulations differ, then the more restrictive regulation shall apply. In the event the Zoning Regulations and the State Regulations contain any terms or conditions which conflict to the extent that both regulations cannot be satisfied, then the terms and conditions of Section 118-1050 of the Zoning Regulations shall control. The balance of the affordable units in the Project that are constructed with State or federal capital shall comply with applicable State or federal requirements. It is understood and agreed by the parties, that all such affordable units shall be located on the Project Site.
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