Remainder Parcel definition

Remainder Parcel means a Parcel that is created as the result of the recordation of a Final Subdivision Map, which results in a Parcel that has not been mapped for final development approval. Such Remainder Parcel may contain taxable and tax-exempt uses, such as Residential Uses, and Public Parcels, such as park sites.

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Remainder Parcel means all of the Master Planned Property except for the Sale Parcel

Remainder Parcel means a portion of any unit or units of improved or unimproved land as designated by the Subdivider consistent with Government Code, Section 66424.6.

Examples of Remainder Parcel in a sentence

During the Option Term, Master Developer shall retain all rights and obligations of ownership of the Lot 1 Remainder Parcel, including without limitation all applicable obligations under the Development Agreement.
City, or its assignee, shall have the right to enter the Lot 1 Remainder Parcel before the conveyance if and only if City (a) has provided Master Developer at least five business days written notice of its intent to enter, (b) has liability insurance of at least $1 million naming Master Developer as an additional insured with respect to the entry, and (c) has workers’ compensation insurance with respect to the entry.
City and Master Developer shall use commercial best efforts in good faith to agree, by no later than fifteen days after the Effective Date, on the form of a Purchase and Sale Agreement (the “PSA”) by which the Lot 1 Remainder Parcel shall be transferred.
Master ▇▇▇▇▇▇▇▇▇ agrees to make minor, conforming changes to the PSA in order to cause the transfer of the Lot 1 Remainder Parcel to City’s designated assignee, and to meet and confer with City and assignee in order to consider such other minor, non-material proposed amendments.
Master Developer shall have no obligation to convey the Lot 1 Remainder Parcel unless both (a) the Subdivision Map has recorded, and (b) the City has approved the Residential Parcel Development.

More Definitions of Remainder Parcel

Remainder Parcel means a Parcel that is created as the result of the recordation of a Large Lot Parcel Map or Final Small Lot Subdivision Map, which results in a Parcel within the boundaries of a Large Lot Parcel (defined in Map 1), that has not been mapped for final development approval. Such a Remainder Parcel may contain taxable and tax-exempt uses, such as Residential Uses, and Public Parcels, such as school or park sites. Once designated as a Remainder Parcel, such Parcel will be considered a Large Lot Parcel for the purposes of future Subdivisions and for the provisions of Sections 4 through 6.

Remainder Parcel means that portion of a parent parcel which is not created for purposes of sale, lease or financing, including any portion of a parent parcel that is either a “designated remainder” or an “omitted parcel” within the meaning of Section 66424.6 of the Subdivision Map Act, and also means any portion of a parent parcel that is designated as a “Remainder Parcel”. Except as otherwise provided in this Chapter, a remainder parcel is a lot for all purposes of this Chapter. For any subdivision there shall be only one remainder parcel. The remainder parcel shall conform to the minimum size requirements applicable to the current zoning on the property.

Remainder Parcel means that portion of a parent parcel which is not created for purposes of sale, lease or financing, including any portion of a parent parcel that is either a "designated remainder" or an "omitted parcel" within the meaning of Section 66424.6 of the Subdivision Map Act, and also means any portion of a parent parcel that is designated as a "Remainder Parcel" pursuant to Section 8206-1.14. Except as otherwise provided in this Chapter, a remainder parcel is a lot for all purposes of this Chapter. (AM. ORD. 4083-12/20/94, AM ORD. 4334 – 12/06/05)

Remainder Parcel is defined in Section 5.13(d).";

Remainder Parcel means the remainder parcel of the cluster provision that contains the majority of the land within the development and is devoted to open space, resource or other authorized use.

Remainder Parcel has the meaning set forth in the fifth Recital. 13

Remainder Parcel means the fee simple parcel situate in the Town of Gibsons, British Columbia and legally described as PID: , Except Part in Air Space Plan EPP .