- 6 - County. Therefore, the intent of this Agreement is to give Subdivider the opportunity to comply with the County law an subsequently obtain approval of the Sub- division. NOW, THEREFORE, WITNESSETH. That for and in con- sideration of the natural promises and covenants herein contained, Subdivider and County hereby agree as fol- lows: 1. Subdivider shall convey the lots created in the Subdivision only to the Subdivider’s father, mother, son, daughter, stepson, stepdaughter, grandson or granddaughter. 2. After conveyance of a lot to a party listed in paragraph 1 above, the grantee of that lot may not transfer it to a third party for at least five (5) years from the date of final approval of the Subdivi- sion except in the case of severe financial hardship, as determined by the Director of Planning and Code enforcement. 3. The parcel of land, out of which the Subdivi- sion has been created, may not be further subject to a subdivision as a family conveyance. 4. Each lot created in the Subdivision may not be further subject to a family conveyance subdivision. 5. If a lot in the Subdivision is not conveyed to an eligible grantee as set forth in paragraph 1 above, including a custodian under the Uniform Transfers to Minors Act or a trusteeship within two (2) years after final approval of the Subdivision, the final plat or plats for the Subdivision shall be null and void and the subdivider shall conform to the ordinances and regulations in effect at the time or reapplication for any subdivision approval. 6. Subdivider warrants that (a) each grantee of a lot in the Subdivision has not previously been a grantee in any other family conveyance subdivision; and (b) Subdivider has owned the parcel of land out of which the Subdivision is being created since the date of application for subdivision approval and will con- tinue to own it until the subdivision is approved.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 NextLast modified: November 10, 2007