Common use of Land Use Restrictions Clause in Contracts

Land Use Restrictions. a) In order to qualify to receive monies from a county trust fund pursuant to this section, the board of directors, board of trustees, or other governing body, as appropriate, of any applicant shall: (i) demonstrate to the governing body of the county that it qualifies as an eligible applicant; (ii) agree to use the monies only in connection with projects located in the county and for the purposes authorized by this act; (iii) agree to make and keep the projects accessible to the public, unless the governing body of the county determines that public accessibility would be detrimental to the site or to any natural or historic resources associated therewith; (iv) agree not to sell, lease, exchange, transfer, or donate the site for which the monies received were allocated for use pursuant to this section, except upon approval of the governing body of the county under such conditions as the governing body may establish; (v) shall be permitted to sell, transfer or convey the land and building, subject to any recorded easements and deed restrictions, without the county’s consent, subject to first offering to convey the land and building to the county, or a party designated by the county for a purchase price equal to the total costs incurred by Grantee in relating to any capital improvements made to the property. The County shall have 60 days after notice of such offer to enter into a contract with Grantee. Failure to enter into a contract within such 30-day period shall be deemed a waiver of the county’s option to purchase; and (vi) agree to execute and donate to the county at no charge (a) a conservation restriction or historic preservation restriction, as the case may be, pursuant to P.L. 1979, c. 378 (C.12:8B-1 et seq.) or (b) a development easement, as defined pursuant to section 3 of P.L. 198, c.32 (C.4:1C-13), as appropriate, on the lands for which the monies received were allocated for use pursuant to this section. The conservation restriction shall have a term of 30-years, unless the county agrees otherwise. (vii) in the event the Grantee sells, transfers or conveys the land or building during the 30-year conservation restriction or historic preservation restriction period to a third party which is not a municipality or nonprofit organization, Grantee shall reimburse the county for any and all grant monies received from the Trust Fund; and

Land Use Restrictions. a) In order to qualify to receive monies from a county trust fund pursuant to this section, the board of directors, board of trustees, or other governing body, as appropriate, of any applicant shall: (i) : demonstrate to the governing body of the county that it qualifies as an eligible applicant; (ii) ; agree to use the monies only in connection with projects located in the county and for the purposes authorized by this act; (iii) ; agree to make and keep the projects accessible to the public, unless the governing body of the county determines that public accessibility would be detrimental to the site or to any natural or historic resources associated therewith; (iv) ; agree not to sell, lease, exchange, transfer, or donate the site for which the monies received were allocated for use pursuant to this section, except upon approval of the governing body of the county under such conditions as the governing body may establish; (v) ; shall be permitted to sell, transfer or convey the land and building, subject to any recorded easements and deed restrictions, without the county’s consent, subject to first offering to convey the land and building to the county, or a party designated by the county for a purchase price equal to the total costs incurred by Grantee in relating to any capital improvements made to the property. The County shall have 60 days after notice of such offer to enter into a contract with Grantee. Failure to enter into a contract within such 30-day period shall be deemed a waiver of the county’s option to purchase; and (vi) and agree to execute and donate to the county at no charge (a) a conservation restriction or historic preservation restriction, as the case may be, pursuant to P.L. 1979, c. 378 (C.12:8B-1 et seq.) or (b) a development easement, as defined pursuant to section 3 of P.L. 198, c.32 (C.4:1C-13), as appropriate, on the lands for which the monies received were allocated for use pursuant to this section. The conservation restriction shall have a term of 30-years, unless the county agrees otherwise. (vii) . in the event the Grantee sells, transfers or conveys the land or building during the 30-year conservation restriction or historic preservation restriction period to a third party which is not a municipality or nonprofit organization, Grantee shall reimburse the county for any and all grant monies received from the Trust Fund; and