Colonial. Colonial Savings FA, and its successors and assigns, in its capacity as Servicer of the Colonial Mortgage Loans.
Colonial. B. A teacher upon returning from a sabbatical leave shall be restored to the same position on the salary schedule as he/she would have been had he/she taught in the District during such period, provided other teachers moved on the salary schedule/received additional compensation.
Colonial. Colonial, through the Operating Partnership, is one of the largest developers, owners and operators of multifamily, retail and office properties in the southeastern United States. Colonial's common shares of beneficial interest (the "Common Shares") are traded on the New York Stock Exchange under the symbol "CLP." Colonial, through its various subsidiaries including the Operating Partnership, is a fully integrated real estate company whose activities include, as of September 30, 1997, ownership of a diversified portfolio of 83 properties located in Alabama, Florida, Georgia, Mississippi and South Carolina, development of new properties, acquisition of existing properties and build to suit development. Colonial is a self-administered equity real estate investment trust ("REIT") whose real estate holdings presently include more than 15,000 apartment units, 7.1 million square feet of retail shopping space, and approximately 1.9 million square feet of leasable office space. The principal executive offices of Colonial and the Operating Partnership are located at 0000 Xxxxx Xxxxxx Xxxxx, Xxxxx 000, Xxxxxxxxxx, Xxxxxxx 00000- 0000, and its telephone number is (000) 000-0000. Previous Efforts to Sell the Project. The General Partners have engaged in several attempts to sell the Project as part of a sale of the Complex. Beginning in the second quarter of 1994, the Operating Partnership, on behalf of the General Partners, solicited bids to purchase the Complex, which at that time included only the Project and Phase II of the Complex. This effort resulted in two bids during April 1995: one for $17,894,736 for the Complex ($35,729 per apartment unit or an implied price of approximately $8.86 million for the Project) and one for $17,800,000 for the Complex (allocating $8.65 million, or approximately $34,879 per apartment unit, for the Project and $9.15 million, or approximately $36,309 per apartment unit, for Phase II). Xxxxxx Xxxxxx, as the representative of the General Partners, reviewed the bids and determined that neither bid was acceptable due to the purchase price that was proposed and/or the closing conditions that would have been imposed. Beginning in May 1995, the Operating Partnership, on behalf of itself and the General Partners, listed the Complex, including the Project, for sale through Xxxxxxx Xxxxx (a real estate firm) as broker. Xxxxxxx Xxxxx received only one written offer, which related only to the Project and Phase II of the Complex. This written off...
Colonial i. Building Massing - Symmetrical simple geometric massing, 1-story or typically 2- stories in height. Primary massing may be parallel or perpendicular to the street with full height front portico. Front portico may or may not include a second story balcony.
