Common use of Permitted Development Clause in Contracts

Permitted Development. Notwithstanding the current land use plan designations, the 25 maximum commercial density which may be constructed on the Property for the purposes of 26 compliance with the Citrus County Land Development Code is 88,512 building square feet 27 (MOL) of CLC land uses comprising a 33 unit resort condominium, a restaurant of 28 approximately 2,612 square feet of indoor seating, 1,055 square feet of outdoor seating and 29 approximately 5,359 square feet of ancillary resort space as reflected on the CSP - Exhibit “~”. 30 The CLC uses reflected on the CSP are governed by the LDC standards in effect at the time of 31 the Effective Date. The permissible maximum height shall be fifty (50) feet. There is no 32 required phasing schedule for completion of the Development. The timing of future construction 33 shall be controlled by Pirate’s Cove. 34

Permitted Development. Notwithstanding the current land use plan designations, the 25 15 maximum commercial density which may be constructed on the Property Development Parcel for the 16 purposes of 26 compliance with the Citrus County Land Development Code is 88,512 building 17 square feet 27 (MOL) of CLC land uses comprising a 33 unit resort condominium, a restaurant of 28 18 approximately 2,612 square feet of indoor seating, 1,055 square feet of outdoor seating and 29 approximately 5,359 square feet of ancillary resort space as reflected on the CSP - Exhibit “~”. 30 20 The CLC uses reflected on the CSP are governed by the LDC standards in effect at the time of 31 21 the Effective Date. The permissible maximum height shall be fifty (50) feet. There is no 32 22 required phasing schedule for completion of the Development. The timing of future construction 33 23 shall be controlled by Pirate’s Cove. 3424