N. The Village agrees to convey to the Contractor an approximately 10 foot wide
strip of land alongsid Main Street (Parcel E4), such strip of land is shown as
delineated on Exhibit 134.1 attached hereto. The timing and consideration for
such conveyance'shall be in accordance with paragraph I of this Article 18 and

Schedule attached hereto.

0. The Parties agree to make their best efforts to obtain additional funding for

pedestrian access to the waterfront and shall cooperate in such efforts.

P. Upon the issuance of Findings under SEQRA for the proposed Site Plan, and in
accordance with the provisions of those Findings?he Village shall permit the Contractor
to commence rough grading of the Site, such work to be commenced, if at all, at the
Contractor?s sole cost and expense and at the Contractor?s sole risk, it being understood
and agreed that the Contractor?s commencement of such work shall not be deemed to vest
the Contractor in any approvals in the project prior to the Village granting Site Plan

Approval.

Q. This Agreement will ?rst be executed by the Contractor and subsequently

executed by the Village after the Board of Trustees authorizes same.
R. Contractor agrees that the 108 residential town home units to be constructed on

the Site shall be conveyed as single?family homes with individual fee title ownership of

each of the lots on which the homes are situated. The remaining 130 units on the Site

37

 

may be conveyed as condominiums. A homeowner?s association shall be established for
the ownership, control, and maintenance of interior roads and common facilities.
Contractor agrees that this provision shall be a condition of any of the approvals granted
by the Village and shall be a recorded restriction that runs with the land.

ON FOLLOWING 

38