Common use of Open Space Clause in Contracts

Open Space. The Existing Development Agreement contemplated development of the entirety of the Property. The amount of open space required under the terms of the Existing Development Agreement was based on a calculation of 30% of the total area of the parcels proposed for development, with the requirement calculated to be 12.17 acres. CCHC made an open space contribution of 13.07 acres of uplands and wetlands adjacent to other protected open space in the Town of Yarmouth in 2011 (the “Conservation Restriction”). The Conservation Restriction has been recorded and there are no open space obligations remaining with respect to the development of the Property.

Open Space. The Existing Development Agreement contemplated development of the entirety of the Property. The amount of open space required under the terms of the Existing Development Agreement was based on a calculation of 30% of the total area of the parcels proposed for development, with the requirement calculated to be 12.17 acres. CCHC made an open space contribution of 13.07 acres of uplands and wetlands adjacent to other protected open space in the Town of Yarmouth in 2011 (the “"Conservation Restriction”"). The Conservation Restriction has been recorded and there are no open space obligations remaining with respect to the development of the Property.