Urban renewal entity definition

Urban renewal entity means a limited-dividend entity, the New Jersey Economic Development Authority or a nonprofit entity which enters into a financial agreement pursuant to P.L.1991, c.431 (C.40A:20-1 et seq.) with a municipality to undertake a project pursuant to a redevelopment plan for the redevelopment of all or any part of a redevelopment area, or a project necessary, useful, or convenient for the relocation of residents displaced or to be displaced by the redevelopment of all or any part of one or more redevelopment areas, or a low and moderate income housing project.
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Urban renewal entity means DGP Urban Renewal, LLC, created in conformance with the requirements of the Tax Exemption Act in order to be eligible for the benefits of financial assistance conferred thereunder. 1.2 Relationship of Redevelopment Agreement and Other Phases.
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Urban renewal entity means DGP Urban Renewal, LLC, created in conformance with the requirements of the Tax Exemption Act in order to be eligible for the benefits of financial assistance conferred thereunder.
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Examples of Urban renewal entity in a sentence

  • The report shall clearly identify and calculate the Net Profit for the Urban Renewal Entity during the previous year.

  • During the period of tax exemption as provided herein, the Urban Renewal Entity shall be subject to a limitation of its profits pursuant to the provisions of N.J.S.A. 40A:20-15.

  • The Urban Renewal Entity assumes all costs associated with preparation of the periodic reports.

  • Upon any Termination of the tax exemption described in Section 2.01 hereof, the date of such Termination shall be deemed to coincide with the end of the fiscal year of the Urban Renewal Entity.

  • It is expressly understood and agreed that the Urban Renewal Entity has the right to encumber and/or assign the fee title to the Land and/or Improvements for the purpose of financing the design, development and construction of the Project and that any such encumbrance or assignment shall not be deemed to be a violation of this Agreement.

  • Unless otherwise expressly stated, nothing herein shall be deemed to limit any right of recovery that the City or the Urban Renewal Entity has under law, in equity, or under any provision of this Financial Agreement.

  • The Urban Renewal Entity shall, upon reasonable request and notice, permit inspection of its property, equipment, buildings and other facilities of the Project and also permit examination of audit of its books, contracts, records, documents and papers with respect to the Project, by authorized officers of the City, and the Division of Local Government Services in the State Department of Community Affairs pursuant to N.J.S.A. 40A:20-9(e).

  • To the extent practical and ethically permissible, the Urban Renewal Entity’s attorneys shall jointly defend and represent the interest of the City and the Urban Renewal Entity as to all claims indemnified in connection with this Agreement.

  • This Financial Agreement shall be construed and enforced in accordance with the laws of the State, and without regard to or aid or any presumption or other rule requiring construction against the party drawing or causing this Agreement to be drawn since counsel for both the Urban Renewal Entity and the City have combined in their review and approval of same.

  • Formal notices, demands and communications between and among the City and the Urban Renewal Entity shall be in writing and deemed given if dispatched to the address set forth below by registered or certified mail, postage prepaid, return receipt requested, or by a commercial overnight delivery service with packaging tracking capability and for which proof of delivery is available.


More Definitions of Urban renewal entity

Urban renewal entity means a limited-dividend entity, the
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Urban renewal entity means one or more urban renewal entities formed by the Redeveloper in accordance with the Long Term Tax Exemption Law and this Redevelopment Agreement to construct the Redevelopment Project or portion thereof.
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Urban renewal entity means an urban renewal entity formed by 2 Hopkins Lane in accordance with the Long Term Tax Exemption Law and this Redevelopment Agreement to construct the Project
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Urban renewal entity means a limited-dividend entity, the New Jersey Economic Development Authority or a nonprofit entity which enters into a financial agreement pursuant to P.L.1991, c.431 (C.40A:20-1 et seq.) with a municipality to undertake a project pursuant to a redevelopment plan for the redevelopment of all or any part of a redevelopment
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Urban renewal entity means any urban renewal corporation or urban renewal association as defined herein or in the act to which this act is a supplement. The term "entity" when used in P.L. 1961, c. 40 (C. 40:55C-40 et seq.) shall be understood to be a contraction of the term "urban renewal entity."
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Urban renewal entity means any urban renewal nonprofit corporation as defined herein or in this amendatory and supplementary act. The term "entity" when used in P.L. 1965, c. 95 (C. 40:55C-77 et seq.) or in this amendatory and supplementary act shall be understood to be a contraction of the term "urban renewal entity."
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Related to Urban renewal entity

  • Urban renewal plan means a plan, as it exists from time to time, for an urban renewal project, which plan shall be sufficiently complete to indicate such land acquisition, demolition and removal of structures, redevelopment, improvements, and rehabilitation as may be proposed to be carried out in the urban renewal area, zoning and planning changes, if any, land uses, maximum density and building requirements.

  • Urban renewal area means a slum area or a blighted area or a combination thereof which the municipality designates as appropriate for an urban renewal project.

  • Urban renewal project means undertakings and activities of a municipality in an urban renewal area for the elimination and for the prevention of the development or spread of slums and blight, and may involve slum clearance and redevelopment in an urban renewal area, or rehabilitation or conservation in an urban renewal area, or any combination or part of them in accordance with an urban renewal plan. These undertakings and activities may include:

  • Urban area means Maricopa and Pima counties, excluding Tribal Lands.

  • Leasing company means that term as defined in 49 USC 14504a.

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Community mental health center or "CMHC" means a facility offering a comprehensive array of community-based mental health services, including but not limited to, inpatient treatment, outpatient treatment, partial hospitalization, emergency care, consultation and education; and, certain services at the option of the center, including, but not limited to, prescreening, rehabilitation services, pre-care and aftercare, training programs, and research and evaluation.

  • Public utility holding company means: (1) any company that,

  • urban areas means the areas covered by all Municipal Corporations and other Municipalities including the areas falling under the various Urban Development Authorities, Cantonment Authorities and industrial estates or townships, excluding the areas covered under Class-I Cities;

  • Urban Coordinating Council Empowerment Neighborhood means a neighborhood given priority access to State resources through the New Jersey Redevelopment Authority.

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Apartment owner means the person owning an apartment and an undivided interest in the common areas and facilities appurtenant to such apartment in the percentage specified in the conveyance deed of apartment;

  • Single member limited liability company means a limited liability company that has one direct member.

  • Limited partnership means a limited partnership registered or formed under any law in force in Singapore or elsewhere;

  • Enterprise zone means a neighborhood enterprise zone designated under the neighborhood enterprise zone act, 1992 PA 147, MCL 207.771 to 207.787.

  • Apartment shall have the meaning ascribed to it in Recital H;