Common use of New Tract 2 Clause in Contracts

New Tract 2. The area of the Property designated as “New Tract 2” on the Master Plan is included in the Conditional Rezoning to avoid non-compliance with the MDO’s dimensional requirements for residential lots. Actual improvements not consistent with Paragraph 4.5 or 4.7 and/or the addition of permitted uses (other than those uses listed in Exhibit C-2) on New Tract 2 shall be determined at a later date following the process outlined in article 5.4 of the MDO for conditional zoning and in accord with this Agreement. Pursuant to N.C. Gen. Stat. § 160D-703(b), any future determination of actual improvements and additional uses shall be applicable only to New Tract 2, and shall in no way affect the improvements and permitted uses contemplated herein or by the development standards for Tracts 1A and 1B, nor may the action result in the areas of the Property designated as Tract 1A and Tract 1B on the Master Plan failing to meet the terms specified on the Master Plan or in this Agreement.

Appears in 2 contracts

Sources: Development Agreement, Development Agreement

New Tract 2. The area of the Property designated as “New Tract 2” on the Master Plan is included in the Conditional Rezoning to avoid non-compliance with the MDO’s dimensional requirements for residential lots. Actual improvements not consistent with Paragraph 4.5 or 4.7 and/or and the addition of permitted uses (other than those uses listed described in Exhibit C-2Paragraph 4.4 of this Agreement) on New Tract 2 shall be determined at a later date following the process outlined in article 5.4 of the MDO for conditional zoning and in accord with this Agreement. Pursuant to N.C. Gen. Stat. § 160D-703(b), any future determination of actual improvements and additional uses shall be applicable only to New Tract 2, and shall in no way affect the improvements and permitted uses contemplated herein or by the development standards for Tracts 1A and 1B, nor may the action result in the areas of the Property designated as Tract 1A and Tract 1B on the Master Plan failing to meet the terms specified on the Master Plan or in this Agreement. Commented [WS5]: This is a private matter and the Village should not delegate zoning approvals to a third party.

Appears in 1 contract

Sources: Development Agreement