Sheridan Park and U.S. Highway 278 Interconnectivity and Access Sample Clauses

Sheridan Park and U.S. Highway 278 Interconnectivity and Access. Owner shall transfer to Beaufort County that certain approximate acre portionparcel of real property shown and depicted on the Development Plan as the “Sheridan Park/U.S. 000 Xxxxxxxxx Xxxx”, which may be combined with other real property obtained by Beaufort County for the construction of a connector road right-of-way with the Sheridan Park commercial center to the west of the Property, and to provide access to U.S. Highway 278, each as generally depicted in Development Plan. The parties acknowledge and agree that for the sole purpose of calculationvaluation of credits against Development Fees as described in this Article XI and for no other purpose, the value of the Sheridan Park/U.S. 000 Xxxxxxxxx Xxxx, standing alone and not as part of the entire Property, shall be deemed to be Hundred Thousand and 00/100 Dollars ($ ) per acre (the “Sheridan Park/U.S. 000 Xxxxxxxxx Xxxx Value”) (or a total of $ ). Owner and Developer(s) shall be entitled to credits for any and all Development Xxxx described herein which may become payable with respect to the Property up to the total amount of the Sheridan Park/U.S. 000 Xxxxxxxxx Xxxx Value. Beaufort County agrees that it shall use best efforts to obtain property for and complete construction of portions of the right-of-way not located on the Property which connect to the Sheridan Park/U.S. 000 Xxxxxxxxx Xxxx to the west. The conveyance of the document which conveys title to the Sheridan Park/U.S. 000 Xxxxxxxxx Xxxx shall be subject to a covenant that prohibits the use of the Sheridan Park/U.S. 278 Connector Road for any use other than for a xxxxx-xx-xxx.xx Owner’s option, either:
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Related to Sheridan Park and U.S. Highway 278 Interconnectivity and Access

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