THE SCHOOL SITE – CONVEYANCE-CONDITIONS Sample Clauses

THE SCHOOL SITE – CONVEYANCE-CONDITIONS. (a) As established in the School Site Dedication Condition and Section 4.2 G. 3. of the DRRA, Owner shall convey to BOE good and marketable fee simple title to the School Site (at such time as hereinafter provided and in the discretion of BOE), at no cost to BOE, which School Site shall be comprised of a minimum of 13 acres from Owner’s Land (net of land or easements needed to satisfy the Xxxxxxxxx County Forest Resource Ordinance (“FRO”) and net of land needed for stormwater management quantity control for the School Site which requirements Owner shall satisfy on other portions of Owner’s Land) with direct frontage on Xxxxxxxxx Creek Pike, to be substantially configured as shown on EXHIBIT B attached hereto and incorporated herein. The School Site shall be used by BOE for the purpose of BOE constructing a public school (anticipated elementary level) thereon to serve school students residing in the Project and the surrounding region. Owner will convey the School Site to BOE, at such time as requested by BOE in its sole discretion as hereinafter provided, after all of the following conditions that are for BOE’s benefit have been satisfied (or time frames expired, whichever shall first occur, as hereinafter provided): i) BOE’s approval of the location, access, design and configuration of the School Site within the Project (“BOE School Site Approval”); ii) the recordation among the Land Records of the “Plat” (defined herein below); and (iii) BOE’s authorization for the deed conveyance of the School Site by Owner to BOE in accordance with the terms hereof (“BOE Conveyance Approval”).
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Related to THE SCHOOL SITE – CONVEYANCE-CONDITIONS

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