Lot Type 2 definition

Lot Type 2 means a Lot within Improvement Area #1 designated as a 50’ single-family residential lot by the Owner, as shown on the map attached as Exhibit J.

Lot Type 2 means a single family residential Lot within Improvement Area #1 marketed to homebuilders as a 50’ Lot.

Lot Type 2 means a Lot within Improvement Area #1 marketed to homebuilders as a 50’ residential Lot. The projected Annual Installments for Lot Type 2 are shown on Exhibit E-4.

Examples of Lot Type 2 in a sentence

• Phase Two As of July 31, 2021, one Lot Type 1 Parcel (264943), one Lot Type 2 Parcel (Parcel 264367) and three Lot Type 3 Parcels (Parcels 264008, 264011 and 264062) were prepaid in full within Phase Two of the PID.

• Including one prepayment of Assessment for Lot Type 1 (Parcel 264943), one prepayment for Lot Type 2 Parcel (Parcel 264367) and three prepayments of Assessments for Lot Type 3 Parcels (264008, 264011 and 264062) resulting in a total of 93.70outstanding Equivalent Units (97.79 – 1.00 - 0.84 – 0.75 – 0.75 – 0.75 = 93.70) subject to the Assessments within Phase Two of the PID.

• The 2017-18 outstanding Assessments for each of the three Lot Types are $21,317, $16,414 and $13,856 for Lot Type 1, Lot Type 2 and Lot Type 3 lots, respectively, based on the current total outstanding Assessments ($4,395,869), the total Equivalent Units excluding prepaid lots (206.21) and the Equivalent Unit factors described in the Service and Assessment Plan.

• The Service and Assessment Plan identified equivalent units for each lot in each Lot Type as follows: Lot Type 1 Lots 1.00 per dwelling unit Lot Type 2 Lots 0.77 per dwelling unit Lot Type 2 Lots 0.65 per dwelling unit The equivalent unit factors are the ratio of the Assessments as allocated to each lot in each property class.

• Phase One As of July 31, 2021, four Lot Type 2 Parcels (Parcels 240972, 240967, 240940 and 240921) and two Lot Type 3 Parcels (Parcel 240880 and 240836) were prepaid in full within Phase One of the PID.

More Definitions of Lot Type 2

Lot Type 2 means a residential Lot within Improvement Area #1 classified as such on the Improvement Area #1 Assessment Roll, whose outstanding Improvement Area #1 Special Assessment and estimated Annual Installments are contained within the Lot Type 2 homebuyer disclosure attached as Exhibit J-2.

Lot Type 2 means a Lot designated as a 60’ x 109’ Lot on the concept Plan attached as Exhibit J.

Lot Type 2 means a Lot in Improvement Area #1 designated as such on the Improvement Area #1 Assessment Roll, marketed to homebuilders as an 80’ Lot.

Lot Type 2 means a Lot within Improvement Area #1 designated as a 80’ residential lot by the Owner, depicted on Exhibit J. The Lot Type 2 Homebuyer Disclosure is attached as Exhibit M.

Lot Type 2 means a Lot within Improvement Area #1 marketed to homebuilders as a 50’ Lot. The buyer disclosure for Lot Type 2 is attached as Appendix B‐4.

Lot Type 2 means a Lot within Improvement Area #1 marketed to homebuilders as a 60’ Lot. The buyer disclosure for Lot Type 2 Lots is included as Appendix B‐2.

Lot Type 2 means lots identified as such on the Assessment Roll, being lots typically with a Lot width of approximately 50 feet.