Purchase of development rights definition

Purchase of development rights means the acquisition of a governmentally recognized right to develop land which is severed from the realty and held or further conveyed by the purchaser.
Purchase of development rights means acquiring one or more of the fee- simple interests associated with a parcel of land, such as the commercial or residential development rights.
Purchase of development rights means the (i) purchase of development rights from an owner of

Examples of Purchase of development rights in a sentence

  • Purchase of development rights allows a public or private entity to purchase development rights from a voluntary property owner, leaving the property owner with ownership of the land, limited use of the property, and a tax reduction.

  • Purchase of development rights is one of several voluntary, incentive based means for achieving public benefits through private land conservation.

  • Purchase of development rights are sometimes also called purchase of conservation easements, since the land continues in private ownership and management, but it can no longer be developed for urban uses.

  • Purchase of development rights (PDR) involves a local government or nonprofit purchasing development rights while the land remains privately owned.

  • Examples include:- Farmland protection;- Conservation easements;- Tax policies (such as credits for tree planting, retention, or easement expenses);- Purchase of development rights; and- Development practices that promote buffer retention (such as density compensations, pollution removal credits for buffers in stormwater management plans, more flexible use of buffer resources, and off-site mitigation or buffer trading within existing regulatory programs).

  • Save as disclosed below, as at LPD, the Board is not aware of any other material commitments incurred or known to be incurred by the Eastland Group, which upon becoming enforceable, may have a material impact on the results or financial position of the Eastland Group:- Amount RM’000 Purchase of development rights pursuant to the CSPA as disclosed in Section 10 of this Circular8,000 5.

  • Purchase of development rights or credits can be used where land is declared to be in a preservation zone and kept for agricultural purposes.

  • Private PES are self-organized schemes between private entities which involve;  Direct payments by service beneficiaries to service providers for the protection or restoration of watershed services; Cost-sharing among involved private parties; Purchase of land and lease back to former owner with the objective to ensure watershed services originating from the land in question; or Purchase of development rights to land which are separated from property rights.

  • The sludge generated by the treatment process is stored on-site in a holding tank until being shipped for disposal to the Bergen Point Wastewater Facility, located on the south shore of the Long Island mainland.The Village has completed an engineering analysis of the treatment plant and, on the basis of the findings of that analysis, has initiated a five-year capital plan for plant maintenance and a full engineering evaluation of the total system.

  • Purchase of development rights would be pursued for the Densieski agricultural tract at the critical scenic gateway intersection of CR 104 and Lewis Road.

Related to Purchase of development rights

  • Development rights means any right or combination of rights reserved by a declarant in the declaration to:

  • Transferable development right means a right to develop and use land that

  • Development Agreement has the meaning set forth in the Recitals.

  • Joint Development Agreement has the meaning provided in Section 5.3.

  • Technology Transfer Agreement has the meaning given in Section 2.2(a).

  • Development Agreements means all development, utility or similar agreements included in the Permitted Encumbrances.

  • Common interest development means any of the following:

  • Commencement of Development means the date on which any material operation (as defined in Section 56(4) of the Act) forming part of the Development begins to be carried out other than (for the purposes of this Deed and for no other purpose) operations consisting of site clearance, demolition work, archaeological investigations, investigations for the purpose of assessing ground conditions, remedial work in respect of any contamination or other adverse ground conditions, diversion and laying of services, erection of any temporary means of enclosure, the temporary display of site notices or advertisements and “Commence Development” shall be construed accordingly.

  • Design Development Documents means the Drawings, Specifications and other documents prepared by the Trade Contractor that establish and describe the size and character of the Trade Contractor Work as to architectural, civil, structural, mechanical and electrical systems, graphics and signage, and other elements, and which include typical construction details, equipment layouts and specifications that identify major materials and systems.

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Technology License Agreement means the agreement in the form of Exhibit H hereto.

  • Redevelopment Agreement means an agreement between the

  • Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

  • Preferred Stock Purchase Agreement means the Preferred Stock Purchase Agreement, dated September 7, 2008, between the Company and the United States Department of the Treasury.

  • License Agreement means the agreement between SAP (or an SAP SE Affiliate, or an authorized reseller) under which Customer procured the rights to use SAP Software or a Cloud Service.

  • Series A Purchase Agreement means the Series A Preferred Unit Purchase Agreement, dated as of June 20, 2017, by and among the Partnership and the Series A Purchasers thereunder, as may be amended from time to time.

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2015-2 Vehicle for which the related 2015-2 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • Share Transfer Agreement means the share transfer agreement, in the agreed form, between the partners in the Company;

  • Purchase Option As defined in Section 3.18(c).

  • Sublicense Agreement means any agreement or arrangement pursuant to which Licensee (or an Affiliate or Sublicensee) grants to any third party any of the license rights granted to the Licensee under the Agreement.

  • Stock Purchase Agreement means the agreement between the Company and a Purchaser who acquires Shares under the Plan that contains the terms, conditions and restrictions pertaining to the acquisition of such Shares.

  • Development Application means the development application identified in Item 5 of Schedule 1 and includes all plans, reports models, photomontages, material boards (as amended supplemented) submitted to the consent authority before the determination of that Development Application.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Purchase Option Notice As defined in Section 3.18(e).

  • Unit Purchase Agreement means the Common Unit and Class B Unit Purchase Agreement, dated as of December 1, 2006, among the Partnership and the purchasers named therein.