Lot Development definition

Lot Development means (i) improvements which are to be constructed (including, without limitation, streets, curbs, grading, landscaping, sprinklers, storm and sanitary sewers, paving, sidewalks, and utilities) necessary to make the Lot Development Property able to be platted and suitable for the construction of single family homes, and any common area improvements for the subdivision which may exist or which are to be constructed, together with the associated fixtures and other tangible personal property located or used in or on land on which such improvements are constructed, and (ii) entitlements which are to be obtained from existing or future contracts or agreements with a district, city, county, water district, municipal utility district, public improvement district, or other governmental authority providing for the sharing, payment and/or reimbursement of the costs of planning, development and/or construction with respect to the Lot Development Property such as, but not limited to, a municipal utility district or public improvement district reimbursement agreement, all of which must be approved by Bank pursuant to the Lot Development Budget and the plans.
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Examples of Lot Development in a sentence

  • The foregoing does not limit or control the remedies as are to be separately provided in the Lot Development Agreement.

  • Purchaser hereby waives any Environmental Claim (as defined in this Section) which it now has or in the future may have against Seller, provided however, such waiver shall not apply to activities to be performed by the Seller in accordance with the applicable Lot Development Agreement.

  • The Lot Development Plan shall be in an electronic format as an AutoCAD – “.dwg” file.

  • The Lot Development Plan shall be submitted prior to the Corporation providing an estimated cost for Expansion Facilities.

  • The Lot Development Agreement and the Joint Improvements Memorandum executed by Seller.

  • The foregoing provisions regarding the Letter of Credit as security for payment of the Deferred Purchase Price shall be included in the Lot Development Agreement in the form of escrow instructions.

  • That portion of the Purchase Price for each Lot that is identified as the Deferred Purchase Price in Section 2 above is due and payable by Purchaser to Seller, as provided in and pursuant to the terms of the Lot Development Agreement.

  • Borrower will be the sole owner of all A&D Lot Development Plans and Specifications or, to the extent that Borrower is not the sole owner of such A&D Lot Development Plans and Specifications, Borrower will have the unconditional right to use such A&D Lot Development Plans and Specifications in connection with the construction of Approved Subdivisions.

  • The parties shall reasonably cooperate in coordinating Purchaser’s completion of the Overex so that the Overex can be properly sequenced with Seller’s completion of the Finished Lot Improvements and the parties acknowledge and agree that any delay in Seller’s completion of the Finished Lot Improvements resulting from Purchaser’s Overex work shall extend the date for substantial completion of the Finished Lot Improvements in accordance with the provisions of the Lot Development Agreement.

  • That certain Zoning Lot Development and Easement Agreement, dated as of November 8, 2010 and recorded in the Office of the City Register, New York County, on December 13, 2010, as CRFN 2010000417161.