Common use of Parks Clause in Contracts

Parks. Owner shall provide developed park sites, land development and cash obligations as provided herein. Owner hereby agrees to develop park sites with a collective acreage of ________________ (_______) acres as described _____________________________________________________________. The park sites shall be developed according to the standards contained in the Town's parks and open space plan. Owner shall also pay the Town a fee in lieu of dedicating other developed park sites in the amount of _______________________ dollars ($_______).

Appears in 2 contracts

Sources: Annexation Agreement, Annexation Agreement