Adjacent Parcels definition
Examples of Adjacent Parcels in a sentence
The execution and delivery of this Agreement shall not serve as a variance of the zoning, development plan and platting process mandated by state law or the Codified Ordinances and the Subdivision Regulations of City, but will serve as a preliminary understanding and guide for the proposed zoning and development of the Property and the Adjacent Parcels.
The University shall prepare or has already prepared an annexation petition, map, legal description and other related information (collectively, the “Annexation Petition”), as may be required by the Ohio Revised Code (“ORC”), to annex the Property, the Adjacent Parcels, and the ROW to the City.
University and City (together, the “Parties”) agree that it is in their mutual interest prior to commencing the annexation process to enter into this Agreement in order to memorialize the Parties’ expectations with respect to the pursuit of the annexation of the Property, the Adjacent Parcels, and the ROW, the zoning of the Property and the Adjacent Parcels, and the eventual development thereof.
To the extent that such waiver is not obtained on or before November 16, 2018, City agrees that it shall pay fifty percent (50%) of such assessments as they apply to the Property and the Adjacent Parcels in each year that they are due and payable, up to a maximum aggregate amount of Eighty-Five Thousand Dollars ($85,000.00).
University agrees that it will (i) be responsible for obtaining the signature of the current owner of the Property on the Annexation Petition at its cost or expense, and (ii) make commercially reasonable efforts to obtain signatures on the Annexation Petition from the owners of the Adjacent Parcels.
Upon filing of an application to rezone and approve a final development plan (as such term is contemplated by the City’s zoning code) for the Property and those Adjacent Parcels which are included in the Annexation Petition under the Powell Zoning Code (the “Zoning Application”), City Council intends to enact legislation formally referring such application to the Powell Planning and Zoning Commission for its review and consideration in accordance with the applicable provisions of the Codified Ordinances.
The Property and the Adjacent Parcels are currently zoned pursuant to the Liberty Township zoning resolution, which zoning allows for retail, restaurant, office, and related uses and development.
University agrees that all costs and expenses in petitioning for the annexation of the Property, the Adjacent Parcels, and the ROW will be borne by the University.
The Adjacent Parcels include four individual tax parcels, two of which are owned by the current owner of the Property or its affiliated business entity and the two of which are owned by third parties.
The procedure to be utilized to annex the Property and the Adjacent Parcels to the City shall be an “Expedited Type II” annexation procedure as provided in ORC Section 709.023.