Remainder Parcel definition

Remainder Parcel means a Parcel that is created as the result of the recordation of a Final Subdivision Map, which results in a Parcel that has not been mapped for final development approval. Such Remainder Parcel may contain taxable and tax-exempt uses, such as Residential Uses, and Public Parcels, such as park sites.

Remainder Parcel means all of the Master Planned Property except for the Sale Parcel

Remainder Parcel means a portion of any unit or units of improved or unimproved land as designated by the Subdivider consistent with Government Code, Section 66424.6.

Examples of Remainder Parcel in a sentence

• Prior to development or improvements to the Remainder Parcel, the applicant shall apply for and obtain a Conditional Certificate of Compliance from the County of Monterey.

• During the Option Term, Master Developer shall retain all rights and obligations of ownership of the Lot 1 Remainder Parcel, including without limitation all applicable obligations under the Development Agreement.

• City hereby agrees (or, as a condition to entry, shall cause its assignee to agree) to defend, indemnify and hold Master Xxxxxxxxx and its heirs, successors, assigns, attorneys, and employees, and the Lot 1 Remainder Parcel, harmless from and against any and all claims, costs, damages, demands, expenses, liabilities and liens (collectively, “Losses”) arising from such entry, excluding any such Losses caused by Master Xxxxxxxxx’s gross negligence or willful misconduct.

• Upon the transfer of the Lot 1 Remainder Parcel, Master Developer, with City’s consent hereby granted, shall transfer to City’s assignee the obligation to develop the approximately 0.25-acre plaza planned for the Lot 1 Remainder Parcel.

• Master Developer shall have no obligation to convey the Lot 1 Remainder Parcel unless both (a) the Subdivision Map has recorded, and (b) the City has approved the Residential Parcel Development.

More Definitions of Remainder Parcel

Remainder Parcel means a Parcel that is created as the result of the recordation of a Large Lot Parcel Map or Final Small Lot Subdivision Map, which results in a Parcel within the boundaries of a Large Lot Parcel (defined in Map 2) that has not been mapped for final development approval. Such a Remainder Parcel may contain taxable and tax-exempt uses, such as Residential Uses, and Public Parcels, such as school or park sites. Once designated as a Remainder Parcel, such Parcel will be considered a Large Lot Parcel for the purposes of future Subdivisions and for the provisions of Sections 4 through 6.

Remainder Parcel shall have the meaning set forth in Section 11.29(a)(ii).

Remainder Parcel means the remainder parcel of the cluster provision that contains the majority of the land within the development and is devoted to open space, resource or other authorized use.

Remainder Parcel means that portion of a parent parcel which is not created for purposes of sale, lease or financing, including any portion of a parent parcel that is either a "designated remainder" or an "omitted parcel" within the meaning of Section 66424.6 of the Subdivision Map Act, and also means any portion of a parent parcel that is designated as a "Remainder Parcel" pursuant to Section 8206-1.14. Except as otherwise provided in this Chapter, a remainder parcel is a lot for all purposes of this Chapter. (AM. ORD. 4083-12/20/94, AM ORD. 4334 – 12/06/05)

Remainder Parcel has the meaning set forth in the fifth Recital. 13

Remainder Parcel means the fee simple parcel situate in the Town of Gibsons, British Columbia and legally described as PID: , Except Part in Air Space Plan EPP .

Remainder Parcel means a portion of land that is created as a result of the recording of a Large Lot Parcel Map or Final Small Lot Subdivision Map, which results in a designated remainder as defined in Government Code Section 66424.6(a). Such a Remainder Parcel may contain taxable and tax-exempt uses, such as Residential Uses, and Public Parcels, such as park sites.Once designated as a Remainder Parcel, such Parcel will be considered a Large Lot Parcel for the purposes of future Subdivisions and for the provisions of Sections 4 through 6.