Residential Parcel definition
Examples of Residential Parcel in a sentence
The Residential Parcel and the Office Parcel may be constructed or installed in separate phases (each a “Phase”), over time, as determined by Arcadia.
The rights provided under this Agreement shall run with the Property, shall continue in perpetuity and shall not be affected in any manner by any subsequent event or occurrence, including without limitation subdivision of the Residential Parcel from the Office Parcel or changes of ownership.
City acknowledges and agrees that the Residential Parcel Review can and shall be processed as a Subsequent Approval pursuant to the Existing Entitlements without requiring an amendment to the SPA Plan.
Following installation of such improvements, any unused portion of the Escrowed Funds shall be returned to Developer six (6) months following issuance of the final certificate of occupancy for the Residential 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.