Development Rights Easement definition

Development Rights Easement means a grant by an instrument whereby the owner relinquishes to the public in perpetuity the right to develop the land as may be expressly reserved in the instrument, and which contains a covenant running with the land not to develop, except as this right is expressly reserved in the instrument.
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Development Rights Easement means a grant by an instrument whereby the owner
Sample 1
Development Rights Easement means a grant by an instrument whereby the owner relinquishes in perpetuity the right to develop the land as may be expressly reserved in the instrument, and which contains a covenant running
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Examples of Development Rights Easement in a sentence

  • The Grantor is the fee simple owner of the hereafter described parcel(s) of Agricultural Land (as defined in the Act) located in the County and desires to sell and convey to the Grantee a Development Rights Easement to restrict the use of such land to Agricultural Use (as defined in the Act) in accordance with the Act and as hereinafter set forth.

  • By authority of the Act, the Grantee may purchase Development Rights (as defined in the Act) from agricultural landowners by subjecting the subject property to a Development Rights Easement (as defined in the Act) in perpetuity in the manner more specifically provided in the Act.

  • Pursuant to Treasury Regulation Section 1.170A-14(g)(6), the Grantor hereby acknowledges and agrees that the Grantee shall have a vested property right at least equal to the proportionate value of the Development Rights Easement granted herein as it bears to the value of the Land as a whole in accordance with the aforementioned Income Tax Regulation Section.

  • Pursuant to Treasury Regulation Section 1.170A-14(g)(6), the Grantor hereby acknowledges and agrees that the Grantee shall have a vested property right at least equal to theproportionate value of the Development Rights Easement granted herein as it bears to the value of the Land as a whole in accordance with the aforementioned Income Tax Regulation Section.

  • Development Rights in each particular parcel of Agricultural Land and Woodland.1 Attached to this Bill as Exhibit A is an application to sell a Development Rights Easement signed 2 by the owner(s) of the Agricultural Land described below.

  • Staff is finalizing the Kruithoff Farmland Development Rights Easement and Baseline Documentation Report.

  • Director Maisner stated in February 1995, Meridian Township entered into the first ten year Open Space Development Rights Easement and Lease Agreement with Dr. Maureen Sander for 31.9 acres located adjacent to Dr.Sander’s home at 4275 Dobie Road, Okemos.

  • Amounts shall not be required to be fully available or encumbered in the fiscal year that the Development Rights Easement under such Installment Purchase Agreement is purchased.

  • On behalf of the Township Committee of the Township of Alexandria, the Mayor, Deputy Mayor, Township Administrator/Clerk and Township Attorney, as appropriate, are authorized to prepare and sign any and all documentation necessary to effectuate the sale of the Agricultural Development Rights Easement to the County of Hunterdon, including, but not limited to a Deed of Easement, a Restrictive Covenant regarding mowing, together with any other documents required by the County.

  • Should Bidder/Purchaser reject the above conditions either now or at any time prior to closing, the Township Committee rescinds this award and withdraws the Property from public sale until after such time as the Township has closed on the sale of the Agricultural Development Rights Easement to the County of Hunterdon.

Related to Development Rights Easement

  • Development rights means any right or combination of rights reserved by a declarant in the declaration to:

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Development Agreement has the meaning set forth in the Recitals.

  • License Agreement means the agreement between SAP (or an SAP SE Affiliate, or an authorized reseller) under which Customer procured the rights to use SAP Software or a Cloud Service.

  • Development approval means any written authorization from a

  • Development Consent means the consent granted to the Development Application for the Development and includes all modifications made under section 4.55 of the Act.

  • Development Area means that area to which a development plan is applicable.

  • Development Approvals means all permits and other entitlements for use subject to approval or issuance by CITY in connection with development of the Property including, but not limited to:

  • Conservation easement means a nonpossessory interest of a holder in real property imposing limitations or affirmative obligations the purposes of which include retaining or protecting natural, scenic, or open-space values of real property, assuring its availability for agricultural, forest, recreational, or open-space use, protecting natural resources, maintaining or enhancing air or water quality, or preserving the historical, architectural, archaeological, or cultural aspects of real property.

  • Development Project means a project for the development of land within a project area.

  • IP License Agreement shall have the meaning set forth in Section 1.2.