Development rights definition
Examples of Development rights in a sentence
Developer(s) transferring Development Rights to any other party shall be subject to this requirement of notification, and any entity acquiring Development Rights hereunder shall be required to file with the City an acknowledgment of this Agreement and a commitment to be bound by it.
The Owner shall be required to notify the City, in writing, as and when Development Rights are transferred to any other party.
Maryland law, as set forth in Land Use Article §7-301 through §7-306 (formerly Article 66B, §13.01) of the Maryland Annotated Code, grants the BOCC the authority to establish procedures and requirements for the consideration and execution of Development Rights and Responsibilities Agreements (“DRRAs”).
The Development Rights are hereby severed from Grantor’s fee interest in the Property and transferred to Buyer through the Easement Agreement.
The Owner, or its designee, shall provide such information as may reasonably be requested, to include but not be limited to, acreage of the Property sold in the prior year, acreage of the Property under contract, the number of certificates of occupancy issued in the prior year, and the number anticipated to be issued in the ensuing year, Development Rights transferred in the prior year, and anticipated to be transferred in the ensuing year.