Common use of Residential Units Clause in Contracts

Residential Units. The total number of Residential Units, which may be defined as attached and/or detached residential units (single family and/or multi-family residential), herein collectively referred to as “Vested Units” to be vested by this Agreement and to be located solely within the Project property owned by the Developer, shall not exceed Fifteen Hundred (1,500) Residential Units. The lot types that define an attached residential unit or a detached residential unit is outlined in the Mix of Uses Chart attached hereto as Exhibit G. The Developer acknowledges and agrees to the residential density requirements established and outlined in Section III of the Development Standards attached to this Agreement as Exhibit F. This limit on the minimum and maximum number of Residential Units does not pertain to rooms in inns or hotels within the Project property.

Residential Units. The total number of Residential Units, which may be defined as attached and/or detached residential units (single family and/or multi-family residential), herein collectively referred to as “Vested Units” to be vested by this Agreement and to be located solely within the Project property owned by the Developer, shall not exceed Fifteen Four Thousand Five Hundred (1,5004,500) Residential Units. The lot types that define an attached residential unit or a detached residential unit is outlined in the Mix of Uses Chart attached hereto as Exhibit G. The Developer acknowledges and agrees to the residential density requirements established and outlined in Section III of the Development Standards attached to this Agreement as Exhibit F. This limit on the minimum and maximum number of Residential Units does not pertain to rooms in inns or hotels within the Project property.