Public Meeting Agenda — Packet

recorded deed restriction(s), restrictive covenants, and any other recorded affordability instruments required by UHAC, the Fair Housing Act, the Township's affordable housing ordinances, or any Court approved compliance plan, shall run with the land. The obligations and benefits hereunder shall be binding upon and inure to the benefit of the Parties, their successors and assigns, including any person, corporation, partnership, limited liability company, or other legal entity which at any particular time may have a fee title interest in the Property which is the subject of this Agreement. Developer's obligations with respect to the Affordable Units shall continue during Developer's ownership and control of the Property and shall be assumed by any successor owner for the full affordability control period. 1.3 Project Description The Inclusionary Project shall consist of the following, subject to final site plan approval, outside agency approvals, and consistency with the Ordinance: a. twelve (12) residential apartment units; b. no commercial component; c. two (2) Affordable Units at a twelve (12) unit project, together with satisfaction of any applicable fractional obligation as set forth in Section 2.3; d. no fewer than nineteen (19) on-site parking spaces, with the area formerly proposed as commercial space in the Prior Application to be converted to structured/underground parking; e. purchase and annual repurchase by Developer of five (5) municipal parking permits at the standard municipal rate for the duration of this Project’s use, for the municipal parking location at or near George Quigley Parking Lot (northeast intersection of Mississippi Avenue and Harrison Avenue), subject to all generally applicable municipal parking rules. If sufficient parking spaces are not available at the aforementioned lot, the balance shall be arranged for at the Bethany Church parking lot located at 30 Ashwood Terrace, West Orange, subject to all generally applicable municipal parking rules. f. installation by Developer of a pedestrian warning device for vehicles exiting the parking garage;

subject to all generally applicable municipal parking rules. f. installation by Developer of a pedestrian warning device for vehicles exiting the parking garage; g. maintenance of the 5.14-foot setback from Park Drive North as shown on Developer’s concept plan; 5