Water Allocation definition
Examples of Water Allocation in a sentence
The major subdivision, single-family dwelling construction standards and the project enhancements required pursuant to the Town's Water Allocation Policy (Ordinance # ▇▇-▇▇-▇▇-▇▇▇) are considered by the parties to be the minimum additions to the Town's corporate tax basis sufficient to enable the Town to finance the provision of municipal services to the Property.
Developer and Town acknowledge that the Master Subdivision Plan was submitted under the Town's Water Allocation Policy (Ordinance # ▇▇-▇▇-▇▇-▇▇▇) then in effect, which required a project be awarded at least 50 total points to merit water allocation.
Operating under the current Water Allocation Policy, Developer acknowledges that it receives 15 base points for a single-family subdivision, and Developer acknowledges that it must achieve at least 35 bonus points.
Developer and Town also acknowledge that the Town's Water Allocation Policy (Ordinance # ▇▇-▇▇-▇▇-▇▇▇) now in effect awards a major subdivision 15 base points and requires a project be awarded at least 50 total points to merit water allocation.
The Seller may transfer the Water Allocation to any person who enters into a deed of covenant in favour of the Buyer to be bound by this Agreement in place of, and to the same extent as, the Seller.