Final Subdivision Public Report definition

Final Subdivision Public Report means that report issued by Ca1BRE pursuant to Section 11018.2 of the California Business and Professions Code or any similar statute hereafter enacted. Section 1.24 "Initial Sale Date" shall mean the date of the close of escrow of the first Lot in the Initial Property to a Resident Owner. Section 1.25 "Institutional Mortgagee" shall mean a First Mortgagee which is a bank, savings and loan association, established. mortgage company, or other entity chartered under 070802\8587958x5 5 federal or state laws, any corporation or insurance company, any federal or state agency, or any other institution regulated by federal or state law. Section 1.26 "Lot" shall mean a lot shown on any final map filed for record or a parcel shown on any parcel map filed for record to the extent such lots or parcels are part of the Project, and any improvements thereon. . Section 1.27 "Management Documents" shall mean the Articles of Incorporation, Bylaws, Declaration, the Rules and Regulations, and any amendments, modifications and/or supplements to any of the foregoing. Section 1.28 "Manager" shall mean the managing agent, if any, whether individual or corporate, retained by Declarant, or by the Board, under contract, and charged with the maintenance and upkeep of the Project. Section 1.29 "Member" shall mean every Person qualifying for membership pursuant to ARTICLE I1 of this Declaration, including Declarant so long as any such Person qualifies for membership pursuant to said Article. Section 1.30 "Mortgage" shall mean any duly recorded mortgage or deed of trust encumbering a Lot. A "First Mortgage" shall.refer to a Mortgage which has priority over all other Mortgages encumbering a specific Lot. Section 1.31 "Mortgagee" shall mean the mortgagee or beneficiary under any Mortgage. A "First Mortgagee" shall mean the holder of a First Mortgage. Section 1.32 "Owner" shall mean one or more Persons who are alone or collectively the record owner of fee simple title to a Lot, including Declarant or the vendee under an installment land sales contract, but excluding those having any such interest merely as security for the performance of an obligation. If a Lot is leased by Declarant for a term in excess of twenty (20) years and the lease or memorandum thereof is recorded, the lessee or transferee of the leasehold interest and not the Declarant shall be deemed to be the Owner. If fee title to a Lot is owned other than by Declarant, the Owner of the fee title and not the lessee of such Lot...
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Final Subdivision Public Report means a final subdivision public report issued by CalBRE for a Phase of the Community.
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Final Subdivision Public Report means and refer to a final subdivision public report for the Property that has been issued by the Commissioner of the California Bureau of Real Estate(`B.R.E.")pursuant to the California Subdivided Lands Law.
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Examples of Final Subdivision Public Report in a sentence

  • Other than obtaining a final subdivision map on the Project and a Final Subdivision Public Report from the California Department of Real Estate, the Owner shall not take any steps in connection with a conversion of the Project to a condominium ownership except with the prior written opinion of Tax Counsel that the Tax-Exempt status of the interest on the Tax-Exempt Note will not be adversely affected thereby.

  • Other than obtaining a final subdivision map on the Project and a Final Subdivision Public Report from the California Department of Real Estate, the Owner shall not take any steps in connection with a conversion of the Project to a condominium ownership except with the prior written opinion of Tax Counsel that the Tax-Exempt status of the interest on the Note will not be adversely affected thereby.

  • Notwithstanding the foregoing, commencing upon the first anniversary of the issuance of the original Final Subdivision Public Report by the CalBRE for the initial Phase of Development, the Board shall have the right but not the obligation to appoint the remaining members of the Architectural Committee.

  • The obligation to deliver such documents shall apply to any documents obtained by Declarant no matter when obtained, provided, however, that such obligation shall terminate upon the earlier of(i)the conveyance of the last Lot covered by a final subdivision public report or(ii) three years after the expiration of the most recent Final Subdivision Public Report applicable to the sale of Lots in the Development: 14.

  • Other than filing a condominium map and a final subdivision map on the Project and obtaining a Final Subdivision Public Report from the California Department of Real Estate, the Borrower shall not take any steps in connection with a conversion of the Project to condominium ownership during the Qualified Project Period.

  • Other than obtaining a final subdivision map on the Project and a Final Subdivision Public Report from the California Department of Real Estate, the Owner shall not take any steps in connection with a conversion of the Project to a condominium ownership except with the prior written opinion of Tax Counsel that the Tax-Exempt status of the interest on the Bonds will not be adversely affected thereby.

  • Other than obtaining a final subdivision map on the Project and a Final Subdivision Public Report from the California Department of Real Estate, the Borrower shall not take any steps in connection with a conversion of the Project to a condominium ownership except with the prior written approving opinion of Bond Counsel that the interest on the Bonds will not become taxable thereby under Section 103 of the Code.

  • Thereafter, Declarant shall retain the right to appoint, augment or replace a majority of the members of the Architectural Committee until five (5) years after the first anniversary of the issuance of the original Final Subdivision Public Report by the CalBRE for the Initial Property, or until ninety percent (90%) of the Lots within the Initial Property and the Annexable Property have been conveyed to Resident Owners, whichever shall first occur.

  • Provided however that any such enforcement as a lien shall only be permitted if there are no Units in the Project that are subject to the jurisdiction of the Department of Real Estate under a Final Subdivision Public Report.

  • Other than obtaining a final subdivision map on the Project and a Final Subdivision Public Report from the California Bureau of Real Estate, the Owner shall not take any steps in connection with a conversion of the Project to a condominium ownership except with the prior written opinion of Bond Counsel that the interest on the Note will not become taxable thereby under Section 103 of the Code.