Purchase of development rights definition

Purchase of development rights means the acquisition of a governmentally recognized right to develop land which is severed from the realty and held or further conveyed by the purchaser.
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Purchase of development rights means the (i) purchase of development rights from an owner of
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Examples of Purchase of development rights in a sentence

  • July 1, 2006.125.3507 Purchase of development rights program; adoption of ordinance; limitations; agreements with other local governments.Sec.

  • Purchase of development rights, easements, or zoning within the breach inundation area downstream from the dam.

  • Purchase of development rights is also an effective way for farmers or ranchers to reduce debt or property taxes and invest in agricultural operations or retirement.

  • Purchase of development rights is the act of purchasing and extinguishing development rights associated with a parcel of land, while conservation easements may be sold or donated and may have implications and provisions other than retirement of development rights.

  • On 22 July 2019, Asian Pay Television Trust (“APTT”) issued 5,328,412 units to the Company at a price of $0.1877 per unit, as payment of $1 million, out of the total $3.6 million management fees for the six-month period from 1 January 2019 to 30 June 2019.

  • Purchase of development rights is however a relatively costly approach, with cost estimates for preserving lands in Tompkins County running between $500 and $1,000 per acre14.

  • Use of informed, strategic planningPopulation growth for increased property tax revenue Purchase of development rights of farmland by Ross Township 3.

  • This thesis will look closely at one mechanism 5 These numbers are expressed on an annualized basis, with 2001 values approximately 20 times as large.6 Purchase of development rights (PDR) is a tool that puts land into agricultural conservation easements.

  • Purchase of development rights will occur generally within the Agricultural and Forest Protection Zone and the Rural Conservation Subdivision Zone as mapped in the adopted Official Zoning Map of Model Community.

  • Funding for this program is obtained through the Open Space Bond, the Nature Conservancy (through grants from the Champlin Foundations), the U.S. Department of Agriculture Farm and Ranch Lands Protection Program, and leveraging of land trust and municipal funds.Eligible Applicants: Owners of farmland.Eligible Uses: Purchase of development rights from farmers.Application Window: Program applications are accepted year round and are evaluated and scored at monthly meetings of the ALPC.

Related to Purchase of development rights

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

  • Transferable development right means a right to develop and use land that

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

  • Joint Development Agreement has the meaning provided in Section 5.3.

  • Technology Transfer Agreement has the meaning given in Section 2.2(e).

  • Development Agreements means all development, utility or similar agreements included in the Permitted Encumbrances.

  • Common interest development means any of the following:

  • Commencement of Development means the date on which any material operation (as defined in Section 56(4) of the Act) forming part of the Development is begun other than (for the purposes of this Deed and for no other purpose) operations consisting of site clearance, demolition work, archaeological investigations for the purpose of assessing ground conditions, remedial work in respect of any contamination or other adverse ground conditions, diversion and laying out of services, erection of any temporary display of site notices or advertisements and “Commence Development” shall be construed accordingly

  • Design Development Documents means the Drawings, Specifications and other documents prepared by the Trade Contractor that establish and describe the size and character of the Trade Contractor Work as to architectural, civil, structural, mechanical and electrical systems, graphics and signage, and other elements, and which include typical construction details, equipment layouts and specifications that identify major materials and systems.

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Technology License Agreement means the Technology License Agreement dated as of the date hereof between Allergan and ASTI.

  • Redevelopment Agreement means an agreement between the

  • Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

  • New development means development resulting from the conversion of previously undeveloped land or agricultural land uses.

  • Preferred Stock Purchase Agreement means the Preferred Stock Purchase Agreement, dated September 7, 2008, between the Company and the United States Department of the Treasury.

  • 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.

  • Series A Purchase Agreement means the Series A Preferred Unit Purchase Agreement, dated as of June 20, 2017, by and among the Partnership and the Series A Purchasers thereunder, as may be amended from time to time.

  • Development Works means the external development works and internal development works on immovable property;

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related 2024-1 Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2024-1 Vehicle for which the related 2024-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related 2024-1 Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • Share Transfer Agreement means the share transfer agreement, in the agreed form, between the partners in the Company;

  • Purchase Option As defined in Section 3.18(c).

  • Sublicense Agreement means any agreement or arrangement pursuant to which Licensee (or an Affiliate or Sublicensee) grants to any third party any of the license rights granted to the Licensee under the Agreement.

  • Stock Purchase Agreement means the agreement between the Company and a Purchaser who acquires Shares under the Plan that contains the terms, conditions and restrictions pertaining to the acquisition of such Shares.

  • Development Application means the development application identified in Item 5 of Schedule 1 and includes all plans, reports models, photomontages, material boards (as amended supplemented) submitted to the consent authority before the determination of that Development Application.

  • Purchase Option Notice As defined in Section 3.18(e).