Active Development Project definition

Active Development Project means any portion of Owned Real Property or Contracted Real Property for which (a) no Final Plat has been completed and recorded as to any phase or portion; and (b) Seller or the seller under the Contract is actively working and incurring costs (i) to obtain construction, land use, and subdivision approvals from applicable Governmental Authorities for the completion of Infrastructure Work, the completion and recording of a Final Plat, and the creation of Finished Lots; and (ii) to complete all Infrastructure Work, to complete and record a Final Plat, and to create Finished Lots. All Owned Real Property or Contracted Real Property that is not a Land Banked Project or a Platted Project is an Active Development Project.
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Examples of Active Development Project in a sentence

  • Each Project identified in the Master Spreadsheet as a Land Banked Project, Active Development Project, Platted Project, Final Plat, and/or Finished Lot constitutes a Land Banked Project, Active Development Project, Platted Project, Final Plat, and/or Finished Lot (as applicable) as defined under the terms of this Agreement.

Related to Active Development Project

  • Development Project means a project for the development of land within a

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • Development Phase means the period before a vehicle type is type approved.

  • Development Area means that area to which a development plan is applicable.