Common use of Residential Development Clause in Contracts

Residential Development. The Nonprofit agrees to design and construct single family homes for low to moderate income homebuyers on the one block area between ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇, on both sides of Virginia Avenue in the Development Site. All of the new units will be deed-restricted for owner-occupancy with a Use and Occupancy Restriction prepared by the City of East Lansing, with the exception of up to six (6) accessory units which may be approved for a Class III rental housing license under a Special Use Permit. The architectural character of the new homes shall be compatible with units in the neighborhood possessing historical elements and style. The goal is to maximize land use to create up to 26 units of single family housing. The Project will consist of a combination of one (1), one and a half (1½) and two (2) story detached homes. Parking for units will be provided behind the homes. The Nonprofit shall adhere to these parameters and all others as set forth in SECTION 4, LOT SALES. The City reserves the right in its sole and absolute discretion to approve the final site plan, building floor plans and elevation, and exterior building architectural and design features as to what it deems to be in the public interest. The City of East Lansing shall not unreasonably withhold the approval of said plans and designs.

Residential Development. The Nonprofit agrees to design and construct single family homes for low to moderate income homebuyers on the one block area between ▇▇▇▇▇▇▇ Burcham and ▇▇▇▇▇▇Snyder, on both sides of Virginia Avenue in the Development Site. All of the new units will be deed-restricted for owner-occupancy with a Use and Occupancy Restriction prepared by the City of East Lansing, with the exception of up to six (6) accessory units which may be approved for a Class III rental housing license under a Special Use Permit. The architectural character of the new homes shall be compatible with units in the neighborhood possessing historical elements and style. The goal is to maximize land use to create up to 26 units of single family housing. The Project will consist of a combination of one (1), one and a half (1½) and two (2) story detached homes. Parking for units will be provided behind the homes. The Nonprofit shall adhere to these parameters and all others as set forth in SECTION 4, LOT SALES. The City reserves the right in its sole and absolute discretion to approve the final site plan, building floor plans and elevation, and exterior building architectural and design features as to what it deems to be in the public interest. The City of East Lansing shall not unreasonably withhold the approval of said plans and designs.