Developed Lot definition

Developed Lot means any lot developed with a primary use and structure(s), not generally subject to further development with additional units or other primary uses.

Developed Lot means a Lot upon which a single family residence dwelling has been constructed in accordance with Franklin County, Virginia zoning ordinances and regulations as well as the Section Declaration; (c) an "Undeveloped Lot" shall mean a Lot upon which a single family residence dwelling has not as yet been constructed or erected. Common Property is not a Lot.

Developed Lot means a portion of the Property which has been submitted to this Declaration upon which a residence has been constructed in accordance with a final site plan and building permit, which has been approved by the County, and for which a certificate of occupancy has been issued.

Examples of Developed Lot in a sentence

• A house which the Borrower or any Restricted Subsidiary has constructed or is constructing on a Developed Lot which has been designated as a Dwelling Lot.

• If the subject Developed Lot or Land Parcel was purchased individually, the Acquisition Cost for such Developed Lot or Land Parcel shall be the actual purchase price and closing costs approved by the Administrative Agent and paid by the Borrower or its Restricted Subsidiaries for the acquisition of such individual Developed Lot or Land Parcel excluding Administrative Costs, together with all applicable Development Costs.

• Prepaid Developed Lot CostsPrepaid developed lot costs include the costs of those properties assigned for development, as well as all accumulated expenditures for lot development.

• All costs accepted by the Administrative Agent and actually incurred by the Borrower and its Restricted Subsidiaries with respect to the development of a Land Parcel into a Developed Lot or Developed Lots as of the date of determination by the Administrative Agent, excluding (a) projected costs and costs for materials or labor not yet delivered to, provided to or incorporated into such parcel of land and (b) Administrative Costs.

• ESTIMATED ANNUAL ASSESSMENTSFirst YearSecond YearCost per Year for a Developed Lot Assessed as One Unit: $1,047.54 TBDCost per Year for a Vacant/Undeveloped Lot Assessed as Half Unit: $523.77 TBD These costs are based on a preliminary estimate of 520 units and will be adjusted from actual costs.

More Definitions of Developed Lot

Developed Lot means a lot or parcel of land upon which a structure(s) is located, which cannot be more intensively developed pursuant to the town zoning code, and which cannot be further subdivided pursuant to town subdivision regulations.

Developed Lot means a Lot forming part of the Development Land which:

Developed Lot means any Tract which has a Single Family Dwelling constructed thereon), Declarant reserves the right to require that the utility provider pay the cost of repairing and restoring the easement area to the same condition as it was prior to construction.

Developed Lot means a Lot upon which a house has been constructed and a Certificate of Occupancy has been issued.

Developed Lot means a Parcel for which a valid building permit has been issued for construction of physical improvements to the property, and such improvements have been completed, are in progress or are pending.

Developed Lot means a lot upon which construction of a house has commenced. Construction shall be deemed to have commenced on the date on which the lot is cleared.

Developed Lot means a tract of land or a platted lot either under one ownership or owned in undivided interests upon which is erected a building (or buildings) which occupies 10% or more of the tract or lot.