Future Improvement Area Bonds definition

Future Improvement Area Bonds means bonds, notes or other obligations issued or incurred to fund Future Improvement Area Improvements (or a portion thereof) in a Future Improvement Area secured by Future Improvement Area Assessments levied against the Future Improvement Area Assessed Property located within the Future Improvement Area benefitting from the Future Improvement Area Improvements being financed.
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Future Improvement Area Bonds means bonds issued to fund Future Improvement Area Improvements (or a portion thereof) in a Future Improvement Area that are secured by Assessments levied on Assessed Property within such Future Improvement Area. In connection with Future Improvement Area Bonds, Assessments related to such Future Improvement Area Bonds will be levied only on property located within the applicable Future Improvement Area to finance Public Improvements which will only benefit such Future Improvement Area
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Future Improvement Area Bonds means bonds issued to fund Authorized Improvements (or a portion thereof) in a Future Improvement Area. In connection with the Future Improvement Area Bonds, Assessments will be levied only on Parcels located within the Future Improvement Area in question.
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Examples of Future Improvement Area Bonds in a sentence

  • Such Future Improvement Area Bonds are secured by separate assessments levied on the Future Improvement Area Assessed Property.

  • Future Improvement Area Bonds may be issued to fund and/or to reimburse the Developer for funding the Actual Costs of (i) the internal Authorized Improvements within a Future Improvement Area and/or (ii) Major Improvements not previously financed by the Series 2021 MIA Bonds that are allocable to a given Future Improvement Area.

  • In addition, the City reserves the right to (i) issue bonds or other obligations secured by and payable from Pledged Revenues, so long as such pledge issubordinate to the pledge of Pledged Revenues securing payment of the Bonds, and (ii) issue or incur Future Improvement Area Bonds as described below, which Future Improvement Area Bonds will not be secured by the Trust Estate.

  • The City reserves the right to issue or incur Future Improvement Area Bonds, to finance the cost of Future Improvement Area Improvements within each of the Future Improvement Areas as the development proceeds.

  • Future Improvement Areas and Future Improvement Area Bonds The Developer anticipates developing the Future Improvement Area in one or two additional phases following the development of Improvement Area #1.

  • The City may, but is under no obligation to, issue or incur Future Improvement Area Bonds, for any purpose permitted by the PID Act; provided, however, that no Future Improvement Area Bonds shall be issued unless the applicable requirements in this Section are met.

  • As Future Improvement Areas are developed and in connection with the issuance of any Future Improvement Area Bonds, or the levy of Assessments in a Future Improvement Area pursuant to a Reimbursement Agreement, this Service and Assessment Plan will be amended to update the Exhibits.

  • The Corporation is established to engage in any lawful business or enterprise.

  • Following the Improvement Area #1 Bonds, Major Improvement Area Bonds, and the Additional Improvement Area #1 Bonds, if issued, the City and the Owner anticipate issuing one or more series of Future Improvement Area Bonds over the upcoming decade as the subsequent phases of the Property are gradually developed.The purpose of the gradual issuance of Future Improvement Area Bonds is to mirror the actual private development of the Authorized Improvements.

  • This gives us the relationship between total saving S and the real interest rate.


More Definitions of Future Improvement Area Bonds

Future Improvement Area Bonds means bonds issued to fund any future development areas or phases (or a portion thereof) in the District and which are secured solely by assessments levied against the property in the future development area benefitting from such improvements being financed, as described in Section 13.2 hereof.
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Future Improvement Area Bonds means bonds issued to fund Future Improvement Area Improvements (or a portion thereof) in a Future Improvement Area that are secured by Special Assessments levied on Assessed Property within such Future Improvement Area. In connection with Future Improvement Area Bonds, Special Assessments related to Future Improvement Area Bonds will be levied only on property located within the Future Improvement Area for Public Improvements which serve the applicable Future Improvement Area.
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Related to Future Improvement Area Bonds

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Home improvement means the remodeling, altering,

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.  Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.

  • Infrastructure improvement means permanent infrastructure that is essential for the public health and safety or that:

  • Capital Improvement or "Capital Improvement Project" means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities of Local Subdivisions, including real property, interests in real property, and facilities and equipment of Local Subdivisions related or incidental thereto.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Maximum medical improvement means that no further material improvement would reasonably be expected from medical treatment or the passage of time;

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.

  • Site Improvements means any construction work on, or improvement to, streets, roads, parking facilities, sidewalks, drainage structures and utilities.

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Improvement Plan means the plan required by the Authority from the Supplier which shall detail how the Supplier will improve the provision of the Goods and/or Services pursuant to Clause 29.1.1 (Authority Remedies);

  • Redevelopment project means any work or undertaking

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • Tenant Improvements Defined in Exhibit B, if any.

  • Tenant Improvement Work means the construction of the Tenant Improvements, together with any related work (including demolition) that is necessary to construct the Tenant Improvements.

  • Infrastructure Improvements means a street, road, sidewalk, parking facility, pedestrian mall, alley, bridge, sewer, sewage treatment plant, property designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, drainage system, waterway, waterline, water storage facility, rail line, utility line or pipeline, transit-oriented development, transit-oriented property, or other similar or related structure or improvement, together with necessary easements for the structure or improvement, owned or used by a public agency or functionally connected to similar or supporting property owned or used by a public agency, or designed and dedicated to use by, for the benefit of, or for the protection of the health, welfare, or safety of the public generally, whether or not used by a single business entity, provided that any road, street, or bridge shall be continuously open to public access and that other property shall be located in public easements or rights-of-way and sized to accommodate reasonably foreseeable development of eligible property in adjoining areas. Infrastructure improvements also include 1 or more of the following whether publicly or privately owned or operated or located on public or private property:

  • The Project Site, where applicable, means the place or places named in the SCC.

  • Public improvement costs means the costs of:

  • Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Project area plan means a written plan that, after the plan's effective date, guides and controls the development within a project area.

  • Project Improvements means site improvements and facilities that are:

  • Project site, where applicable, means the place indicated in bidding documents.

  • Private Improvements means the improvements to be constructed on the Property that are not Public Improvements.

  • Constructional Plant means all appliances or things whatever nature required in or about the execution, completion or maintenance of the works or temporary works (as hereinafter defined) but does not include materials or other things intended to form or forming part of the permanent work or temporary housing, hutting, office, stores, etc.,

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by Company or any Company Subsidiary, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the lease for such Leased Real Property.