Land Development Project definition
Examples of Land Development Project in a sentence
On 16 March 2012, CCRE China and the People’s Government of Huiji District, Zhengzhou City entered into a letter of intent of cooperation pursuant to which, among other things, ▇▇▇▇▇ ▇▇▇▇▇▇ was established by CCRE China and Tianhe Investment (which is established and wholly-owned by the People’s Government of Huiji District, Zhengzhou City) for the purpose of the Land Development Project.
Prior to the issuance of the first residential building permit for the Land Development Project, the dedicated site shall have raw water dedicated, overlot grading, direct access to a publicly dedicated street improved to City standards, and utilities stubbed to the site.
In the event the Developer obtains approval from the City for the phasing of the Land Development Project that results in separate filings and final plats for each phase, the Developer may defer the payment of the in-lieu payment until the recording of the final plat for each phase; provided, however, that in such case the amount of the payment will be based upon the School Planning Standards and Methodology in effect at the time of the approval of each phase.
Within 60 days of the mailing of said notice, the reserved property that is the subject of the mailing shall be dedicated to the School District by the owner(s) thereof, as a condition of the City’s final approval of the Land Development Project.
Upon formal submission of an application for any proposed Land Development Project to the City, the City will submit the Developer's proposal to the School District for its review, comments, and recommendations concerning the adequacy of school sites and facilities within the context of the proposed Land Development Project.
The City and School District find and agree that the current School Planning Standards in Exhibit A are reasonable, that there is an essential nexus between the dedication or payment contemplated and a legitimate local government interest, and that the dedication or payment is roughly proportional both in nature and extent to the impact of the proposed Land Development Project.
Upon receipt of such notification, the City will thereafter accept the final plat for the Land Development Project, or any portion of it, for recording only if such plat shows the reservation of such land for such future dedication to the School District.
The City agrees that as a condition of final approval of a subdivision plat for a Land Development Project, it will: (i) require proof of the dedication of land or the appropriate reservation of land for future dedication to the School District in accordance with Section 3 below, or (ii) require proof that the cash-in-lieu payment, as described in Section 4 below, has been paid to and received by the School District.
The Developer will provide a title insurance commitment and policy in an amount equal to the fair market value of the dedicated property, as a condition of the City’s final approval of the Land Development Project.
The City and School District furthermore agree that the current School Planning Standards in Exhibit A will be administratively reviewed annually by both the School District and the City no later than April 1 of each calendar year and adjusted by mutual agreement as needed so that the then-current Standards will apply to any proposed Land Development Project thereafter.