Housing Parcel definition
Examples of Housing Parcel in a sentence
On or before the closing for the Initial Sale of each Affordable Housing Unit, Developer shall record the Affordable Housing Restrictive Covenant against the Housing Parcel on which such unit exists.
Subject to any such consent, nothing in this Section 5 shall limit the requirements of the Affordable Housing Program that a Declaration of Restrictions for For-Rent Affordable Housing Units be recorded against each For- Rent Affordable Residential Unit, that each For-Sale Affordable Residential Unit be sold to qualified members of the public using an Affordable Housing Parcel Deed, together with a Declaration of Restrictions for For-Sale Affordable Residential Unit and Option to Purchase Agreement.
Concurrently with the closing of Initial Sale of each of the Affordable Housing Units, Developer shall record the Release of Memorandum of Agreement against the Housing Parcel on which such unit exists.
Concurrently with the closing of Initial Sale of each of the Market Rate Housing Units, Developer shall record the Release of Memorandum of Agreement against the Housing Parcel on which such unit exists.
With respect to Parcel 3 (the Affordable Housing Parcel), City Council shall have duly approved the disposition and conveyance of the parcel pursuant to the requirements of the Vancouver Municipal Code (“City Code”), which approval the Parties are working to obtain on or before the date set forth in the Schedule of Performance.
Transfer of fee simple title to the Additional Housing Parcel shall be pursuant to the deed in the form attached as Exhibit C (the “Deed”), a fully signed original of which shall be deposited with ▇▇▇▇▇▇▇ Title contemporaneously with the delivery into Escrow of a fully signed copy of this Agreement.
The parties agree that the Second Town Housing Parcel shall be located either at TenX or, in the alternative, at ▇▇▇▇▇▇, as set forth in Section 7(g) of this First Amendment.
Upon completion of the Closing, Stilo shall deliver possession of the Additional Housing Parcel to the Town as required by this Section 9.
ZRZ shall receive a purchase price for the Affordable Housing Parcel determined as follows (the “Affordable Housing Parcel Purchase Price”).
Except for the dedication of the Affordable Housing Parcel pursuant to Section 6.4A(5) and the prepayment of Affordable Housing Fees pursuant to Section 6.4C, Developer shall have no obligation to fund or construct the Affordable Housing Project.