Commercial and Business Park/Light Industrial Clause Samples

Commercial and Business Park/Light Industrial. Approximately 921 gross acres will be designated for Business Park/Light Industrial land use and 1,170 gross acres for Commercial land use, as is more particularly set forth in PDD Plan, which provides for: (1) adjustment of the placement of these uses; and (2) a conversion, at Owner’s or Developer’s sole discretion (as applicable), of acreages between the above referenced non-residential land uses, which conversion factor shall be an acre for acre exchange, and (3) a conversion of residential to light industrial uses, as more particularly set forth below Subsection C below.