Common use of Project Assessment Clause in Contracts

Project Assessment. Applicant represents and commits that the real property improvements, once completed, will have a minimum gross assessment of no less than $5M excluding the assessed valuation on the preexisting real property (“Minimum Assessed Value”).

Project Assessment. Applicant represents and commits that the real property improvements, once completed, will have a minimum gross assessment of no less than $5M __________ excluding the assessed valuation on the preexisting real property (“Minimum Assessed Value”).