DEVELOPMENT AGREEMENTDevelopment Agreement • September 19th, 2024 • Alabama
Contract Type FiledSeptember 19th, 2024 JurisdictionWHEREAS, the Company has an agreement to purchase from Second Wind Land Company, LLC through an underlying contract with the current owner, Lilyland Holdings, LLC that certain tract of real property, being and lying within the City of Madison, Limestone County, Alabama, consisting of approximately 89.27 acres, more or less, and being more particularly described in Exhibit 'A' attached hereto (the "Property" or "Development Site"), upon which the Company plans to design, develop, and construct a multi-phase single-family residential subdivision to be developed and constructed in general conformity with Exhibit "B' attached hereto and to be known as “Madison Heights” (the “Subdivision" or "Development"); and