Common use of Grant of Conservation Easement Clause in Contracts

Grant of Conservation Easement. Owner hereby creates, establishes, grants, and conveys to City for its benefit and the benefit of the public a conservation easement over the Easement Area to restrict the Easement Area to open space (which may include a surface parking area) and protect and preserve the flood storage capacity of the Easement Area and to restrict development and future use of the Property that will significantly impair or interfere with the flood storage capacity of the Easement Area. A. The following uses and practices, although not an exhaustive recital of the inconsistent uses and practices, are inconsistent with the purposes of this Conservation Easement and shall be prohibited within the Easement Area: i. Construction or placement of fill material, cement, buildings, fences, signs, or any other structure; ii. Any other use or practice that would adversely impact the flood storage capacity. B. The term of this Conservation Easement will be in perpetuity unless earlier terminated pursuant to any of the following provisions: i. By the City pursuant to the provisions of Neb. Rev. Stat. § 76-2,113. ii. By the Lancaster County District Court pursuant to the provisions of Neb. Rev. Stat. § 76-2,114. The parties agree that termination of this Agreement may be total and affect the entire Easement Area, or may be partial and result in the termination of the easement over only a portion of the Easement Area.