Bulk Parcel definition

Bulk Parcel the Land less the Toledo Blade Strip and the Gateway Lots.
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Bulk Parcel means a non-buildable lot remaining after subdivision that has a potential for future development with the density that remains within the subdivision as a whole, on which all environmental features existing at the time of creation of the subdivision have been identified was not tested for adequacy of public facilities during subdivision, and that may not be further subdivided or otherwise developed without first passing the tests for adequacy of public facilities and complying with all applicable environmental regulations.
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Examples of Bulk Parcel in a sentence

  • In the event such adjustment changes the acreage in the Toledo Blade Strip or the Bulk Parcel, appropriate adjustments in the Purchase Price shall be made at the applicable Closing.

  • At the Final Phase Closing the Purchase Price shall be adjusted such that the total Purchase Price paid for the Bulk Parcel in its entirety equals $42,500.00 per acre.

  • The total Purchase Price for the Land shall be (i) an average of $42,500.00 per acre of the Bulk Parcel (defined in Subsection 1.16 above), (ii) $15,000.00 per acre of the Toledo Blade Strip (defined in Subsection 1.16 above), (iii) $30,000 per lot for 41 Gateway Lots (defined in Subsection 1.16 above), and (iv) $18,000 per lot for Seymour Gateway Lots (defined in Subsection 1.16 above), all prorated for any partial acre and adjusted as set forth below.

  • The total Purchase Price for the Land shall be an average of (i) $42,500.00 per acre of the Bulk Parcel (defined in Subsection 1.16 above), (ii) $15,000.00 per acre of the Toledo Blade Strip (defined in Subsection 1.16 above), (iii) $30,000 per lot for 41 Gateway Lots (defined in Subsection 1.16 above), and (iv) $18,000 per lot for Seymour Gateway Lots (defined in Subsection 1.16 above), all prorated for any partial acre and adjusted as set forth below.