Use and Construction of Lands. The Owner covenants and agrees that the Lands will not be used except in accordance with the terms of this Agreement and will not be developed and no building or structure will be constructed or used on the Lands unless as part of the development, construction, or use of any such building or structure, the Owner also designs and constructs to completion, in accordance with a building permit issued by the City, any development permit issued by the City and, if applicable, any rezoning consideration applicable to the development on the Lands, no less than two (2) Dwelling Units to be used as Below-Market Rental Units.
Appears in 2 contracts
Samples: Housing Agreement, Housing Agreement and Section 219 Covenant
Use and Construction of Lands. The Owner covenants and agrees that the Lands will shall not be used except in accordance with the terms of this Agreement and will not be developed and no building or structure will be constructed or used on the Lands unless as part of the development, construction, or use of any such building or structure, the Owner also designs and constructs to completion, in accordance with a building permit issued by the City, any development permit issued by the City and, if applicable, any rezoning consideration applicable to the development on the Lands, no less than two at least twenty-five (225) Dwelling Units to be used as Below-Market Rental Housing Income Limit Units.
Appears in 1 contract
Samples: Housing Agreement
Use and Construction of Lands. The Owner covenants and agrees that during the Term the Lands will not be used except in accordance with the terms of this Agreement and will not be developed and no building or structure will be constructed or used on the Lands unless as part of the development, construction, or use of any such building or structure, the Owner also designs and constructs to completion, in accordance with a building permit issued by the City, any development permit issued by the City and, if applicable, any rezoning consideration applicable to the development on the Lands, no less than two (2) Dwelling Units to be used as Below-Market Rental Units.consideration
Appears in 1 contract
Samples: Housing Agreement