Common use of PARKS/OPEN SPACE Clause in Contracts

PARKS/OPEN SPACE. Section 76-3-621 of the Montana Subdivision and Platting Act covers the park dedication requirement. Per 10.2(A) of the Yellowstone County Subdivision Regulations: • Lots 0.50 acres or less, 11% dedication: 0.00 acres x 11% = 0.00 acres • Lots 0.50 – 1.0 acres, 7.5% dedication: 0.00 acres x 7.5% = 0.00 acres • Lots 1.0 acres – 3.0 acres, 5% dedication: 45.74 acres x 5% = 2.28 acres • Lots greater than 3.0 acres, 2.5% dedication: 23.22 acres x 2.5% = 0.58 acres Section 76-3-621 of the Montana Subdivision and Platting Act covers the park dedication requirement. Based on proposed lot sizes, required parkland dedication is 2.86 acres, Subdivider is proposing to dedicate Park 1 and Park 2, which total 4.31 acres, as private parkland open space to be retained by the Subdivision HOA. Maintenance of the open space parkland will be provided by the Subdivision HOA.

PARKS/OPEN SPACE. Section 76-3-621 of the Montana Subdivision and Platting Act covers the park dedication requirement. Per 10.2(A) of the Yellowstone County Subdivision Regulations: • Lots 0.50 acres or less, 11% dedication: 0.00 22.31 acres x 11% = 0.00 2.45 acres • Lots 0.50 – 1.0 acres, 7.5% dedication: 0.00 1.05 acres x 7.5% = 0.00 0.08 acres • Lots 1.0 acres – 3.0 acres, 5% dedication: 45.74 0.00 acres x 5% = 2.28 0.00 acres • Lots greater than 3.0 acres, 2.5% dedication: 23.22 0.00 acres x 2.5% = 0.58 0.00 acres Section 76-3-621 of the Montana Subdivision and Platting Act covers the park dedication requirement. Based on proposed lot sizes, required Required parkland dedication is 2.86 2.53 acres, with the Subdivider is proposing to dedicate Park 1 and Park 2, which total 4.31 acres, as private parkland provide 7.39 acres of open space to be retained by the Subdivision HOAparkland area with an easement for public use. Said parkland will remain privately owned and provided for public use. Maintenance of the open space parkland will be paid for by the Subdivision HOA and provided by the Subdivision HOAsame HOA or designated third party.

PARKS/OPEN SPACE. Section 76-3-621 of the Montana Subdivision and Platting Act covers the park dedication requirement. Per 10.2(A) of the Yellowstone County Subdivision Regulations: • Lots 0.50 acres or less, 11% dedication: 0.00 28.719 acres x 11% = 0.00 3.159 acres • Lots 0.50 – 1.0 acres, 7.5% dedication: 0.00 26.597 acres x 7.5% = 0.00 1.995 acres • Lots 1.0 acres – 3.0 acres, 5% dedication: 45.74 2.201 acres x 5% = 2.28 0.110 acres • Lots greater than 3.0 acres, 2.5% dedication: 23.22 0.00 acres x 2.5% = 0.58 0.00 acres Section 76-3-621 of the Montana Subdivision and Platting Act covers the park dedication requirement. Based on proposed lot sizes, required Required parkland dedication is 2.86 5.264 acres, Subdivider is proposing to dedicate Park 1 and Park 2, which total 4.31 acres, as private 3.604 acres of parkland open space area to be retained by the Subdivision HOApublic. Maintenance The remainder of the open space parkland requirement will be provided fulfilled by way of cash-in-lieu. A Park Maintenance District will be created for the Subdivision HOAmaintenance of the parkland area.