Residential Allocation definition

Residential Allocation as used in the Agreement means an allocation of the right to construct residential units from the Residential Allocation Pool established by the Specific Plan. Once granted, the Residential Allocations for Phase A shall extend until two (2) years from the Effective Date (“Phase A Residential Allocation Term”). The City Manager may, in his or her sole discretion, extend the Phase A Residential Allocation Term to a date determined by the City in consideration of Measure A-1 Bond Fund obligations provided the Developer has at the time of such extension applied for a building permit for Phase A.
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Examples of Residential Allocation in a sentence

  • The term “Residential Allocation” as used in the Agreement means an allocation of the right to construct residential units from the Residential Allocation Pool established by the Specific Plan.

  • As of the date of the City Manager’s written approval of the Phase B affordability level plan as set forth in Section 3.1.2, City shall grant 164 Residential Allocations out of the Residential Allocation Pool established by the Specific Plan for the development of Phase B of the Project.

  • During the Phase B Residential Allocation Term, and so long as the respective Project Approvals remain in effect, City shall reserve 164 units from the Downtown Dublin Specific Plan Development Pool for Developer’s use in Phase B.

  • The City Manager may, in his or her sole discretion, extend the Phase A Residential Allocation Term to a date determined by the City in consideration of Measure A-1 Bond Fund obligations provided the Developer has at the time of such extension applied for a building permit for Phase A.

  • Once granted, the Residential Allocations for Phase A shall extend until two (2) years from the Effective Date (“Phase A Residential Allocation Term”).

  • Once granted, the Residential Allocations for Phase B shall extend for the remainder of the Phase A Residential Allocation Term including any extensions granted pursuant to Section 4.1 (“Phase B Residential Allocation Term”).

  • As of the Effective Date, City shall grant 136 Residential Allocations out of the Residential Allocation Pool established by the Specific Plan for the development of Phase A of the Project.

  • The City Manager may, for good cause, extend the Residential Allocation Term twice for periods of six months each, provided the Developer has at the time of such extension applied for a building permit.

  • Once granted, the “Residential Allocations” provided by the Community Benefit provisions of this Agreement shall extend until three years from the Effective Date (“the Residential Allocation Term”).

  • The City Manager may, for good cause, extend the Phase B Residential Allocation Term up to an additional one (1) year beyond the expiration of the Phase A Residential Allocation Term, provided the Developer has at the time of such extension applied for a building permit for Phase B and is otherwise in compliance with its obligations under this Agreement.

Related to Residential Allocation

  • Residential Zone means a zone earmarked for buildings exclusively designed for human habitation and in no case shall include its use in whole or a part thereof for any other purpose e.g commercial activities, school, institution, shop, office, clinic, beauty parlor, guest house, marriage center, gymnasium, tuition center, club activities, work-shop, store or godown etc. or for the purpose of political, religious and sectarian activities. It includes parks, gardens, play grounds, sector shops and other open spaces located in the area earmarked in the residential zone.

  • Residential Unit means a home, apartment, residential condominium unit or mobile home, serving as the principal place of residence.

  • Residential area means land used as a permanent residence or domicile, such as a house, apartment, nursing home, school, child care facility or prison, land zoned for such uses, or land where no zoning is in place.

  • residential land means land used or capable of being used for residential purposes (but does not include land on which there is no residential dwelling).

  • Residential care means the provision of care on a 24-hour day basis.