Common Contracts

SETTLEMENT AGREEMENT

Settlement Agreement • May 23rd, 2022 • Virginia

• Contract Type
  Settlement Agreement
• Filed
  May 23rd, 2022
• Jurisdiction
  Virginia

THIS SETTLEMENT AGREEMENT (this “Agreement”) is made and entered into as of this 17th day of May, 2011, by and among CHARLOTTESVILLE LAND INVESTMENT GROUP, LLC, a Virginia limited liability company (“CLIG”), and CHARLOTTESVILLE LAND DEVELOPMENT GROUP, LLC, a Virginia limited liability company (“CLDG”, and CLIG and CLDG are individually and collectively the “Investor”); K. HOVNANIAN’S FOUR SEASONS AT CHARLOTTESVILLE, L.L.C., a Virginia limited liability company (“Hovnanian”); FOUR SEASONS AT CHARLOTTESVILLE COMMUNITY ASSOCIATION, INC., a Virginia non-stock corporation (the “HOA”); MANUFACTURERS AND TRADERS TRUST COMPANY, a New