Base Lot definition
Examples of Base Lot in a sentence
The Building Permit Restriction Agreement shall provide that the issuance of a Building Permit by the City for the construction of a Dwelling on any Lot within the Property shall be conclusive evidence that the applicable Base Lot Purchase Price has been paid in full.
The City acknowledges and agrees that each Lot may individually satisfy the above restrictions for such Lot, and the issuance of a Building Permit by the City for the construction of a Dwelling on any Lot within the Property shall be conclusive evidence that the applicable Base Lot Purchase Price has been paid in full.
The Developer will receive credit for the Second Installment in determining the Base Lot Purchase Price, as provided in Section 405(d) below.
The City and Developer will attempt in good faith to agree on the scope of unsuitable soils and the estimated soil remediation costs (“Soil Remediation Costs”) for which the Developer will receive a credit in determining the Base Lot Purchase Price as provided in Article IV below.
The planning provision enables monetary contribution for additional development of Floor Space Ratio (FSR) in the Council Policy – Carrying out Bonus Development in the Public Interest, a publicly exhibited document initially adopted by Council on 1 September 2018.
The Developer will receive credit for the Due Diligence Payment in determining the Base Lot Purchase Price, as provided in Article IV below.
In recognition of the Extraordinary Redevelopment Expenses incurred by the City, the City shall be entitled to withhold issuance of the initial building permit (the “Building Permit”) for any Dwelling unless and until the applicable Base Lot Purchase Price and accrued interest thereon (as set forth in this Section 405) for such Dwelling shall have first been paid in full to the City.