Residential Lands definition
Examples of Residential Lands in a sentence
Notwithstanding the approval of the Zoning Application, the CDMP Application, or future applications, Flordade and 107 Avenue agree that the maximum number of dwelling units within the Section 8 Residential Lands shall not exceed a total density (as defined in the Land Use Element of the CDMP) of four thousand one hundred seventy five (4,175) dwelling units.
In addition, ▇▇▇▇▇▇▇▇ agrees that it shall set aside sufficient land within the Section 8 Residential Lands Property to permit the future development of a minimum of (i) three hundred and eighty four (384) detached single family homes on lots with an average size of 5,000 square feet of area, including a minimum of sixty (60) units within that portion of the Property known as the Grand Bay South Planned Units Development, and (ii) four hundred forty (440) platted, fee simple townhomes.
If any change to adjust the boundaries results in any change in the ratio between Residential Lands and Employment Lands, then the County will not incur any reduction thereby in the compensation otherwise payable hereunder.
Lastly, no more than fifty percent (50%) of the multi-family units within the Section 8 Residential Lands may be designed and offered as rental units.
This Purchase and Sale Agreement including its Schedules 1 through 6 constitutes the entire Purchase and Sale Agreement between the parties pertaining to the sale and purchase of the Residential Lands and supersedes all prior agreements, negotiations and discussions, whether oral or written, of the Vendor and the Purchaser.
The cost of obtaining and registering any documents required to clear title to the Residential Lands of any liens, claims or encumbrances not constituting Permitted Encumbrances will be borne by the Vendor.
Ventana will carry out site remediation of the Residential Lands under section 19 of the Design-Build Supplementary Conditions Agreement made between Ventana and the City and dated for reference December 22, 2016.
The Design- Builder shall remediate the identified Environmental Degradation or Damage prior to the transfer of the Residential Lands to Quantum pursuant to the Purchase and Sale Agreement.
The Vendor, acting reasonably and in its capacity as land owner, and not in respect of City of Port Coquitlam in its capacity as local government, will execute all applications, consents or forms for approval or licenses and permits as may reasonably be requested by the Purchaser as part of its permit applications to develop the Residential Lands.
If additional or other Environmental Degradation or Damage is discovered on the Residential Lands prior to completion of the aforesaid remediation work, the City may direct the Design-Builder to perform additional remediation work in writing by Change Order.