Loch Alpine was created in 1929 with deed restrictions
on lots 465 through 470 designated as recreation lots for a golf course that would become Ann Arbor Country Club.
And they are comparing the case to the Rivington House scandal which saw one buyer flip the former Lower East Side nursing home for a nearly $ 1 million profit after paying to have a deed restriction
who sought to enforce an eighty-year-old deed restriction
Another important component of VCPs, not regularly addressed in empirical studies, is the use of deed restrictions
to inform potential purchasers of any limitations on site use due to past contamination.
Violation of the 1973 deed restrictions
, which, according to Crescent, do not allow the use to which Lakewood Church intends to put the properly.
The current tax break hinges on a deed restriction
that lasts through to 2011.
"For example," Burlingham explained, "if Amoco proposes to clean up a site in a way that will leave contaminated groundwater in place, in order to get a sign-off from the IEPA, the landowner will have to agree to a deed restriction
that says that nobody can ever drink the groundwater.
Nine days later, the residents became aware of a Texas law stating that group homes could not be excluded based on a deed restriction
for single-family homes.
"Other models, such as deed restriction
, attempt to place limits on the owners' equity while using a system of title that gives the buyer full ownership.
A federal deed restriction
established as part of the 2003 transfer of the Island to New York precludes any full-time residential uses on the Island.
In addition, local officials want reassurance that the deed restriction
doesn't prohibit siting the new City Hall on the "butterfly" lot.