Common use of Tract E Clause in Contracts

Tract E. (Teton Rim Golf Village). This tract will be converted into 12 residential lots.3 1 Of the 360 units originally approved, 155 units have been sold. 2 The Prior Development Agreements and Master Plan Amendments authorized a total of 40 cluster cabins. Pursuant to the Administrative Amendments, the number of cluster cabins was reduced by 20 cabins, resulting in a total reduction of 32 cluster cabins and an increase of open space of about 17.39 acres. 3 The units associated with Tract E, Tract G, and ▇▇▇▇ ▇▇-▇▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇▇ deferred until a final decision is made relative to the construction of a golf course. The lot and tracts shall revert to the uses shown on the original master plan if a golf course is constructed. If no golf course is constructed, these lots and tracts shall be used for residential development and incidental uses as described herein.

Tract E. (Teton Rim Golf Village). This tract will be converted into 12 residential lots.3 1 Of the 360 units originally approved, 155 units have been sold. 2 The Prior Development Agreements and Master Plan Amendments authorized a total of 40 cluster cabins. Pursuant to the Administrative Amendments, the number of cluster cabins was reduced by 20 cabins, resulting in a total reduction of 32 cluster cabins and an increase of open space of about 17.39 acres. 3 The units associated with Tract E, Tract G, and ▇▇▇▇ ▇▇-▇▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇▇ deferred until a final decision is made relative to the construction of a golf course. The lot and tracts shall revert to the uses shown on the original master plan if If a golf course is constructed, the owner will apply for a plat amendment and comply with the applicable provisions established in the Teton County Subdivision Regulations to permit Tracts E and G and ▇▇▇▇ ▇▇-▇▇ ▇▇▇▇▇ ▇ to be used for purposes associated with the golf course as described herein. If no golf course is constructed, these lots and tracts shall be used for residential development and incidental uses as described herein.