Examples of Assessable Property in a sentence
Assessable property shall not be included in any of the following:(a) More than 1 business improvement zone established under this chapter.(b) Both a principal shopping district and a business improvement district established under chapter 1.History: Add.
That is why almost every large-scale project has been done under a special financial instrument (e.g. ROCs, OFTOs, CATOs, CfDs, RAB, cap-and-floor) that provide 15- 20 year certainty for a clear majority of the development’s potential revenues.
Assessable property shall not be included in any of the following: (a) More than 1 business improvement zone established under this chapter.
Assessable property receipts worked out under paragraph (1)(b) are taken to be zero if future closing-down expenditure taken into account under subsection (3) equals or exceeds what would have been those assessable property receipts if the future closing-down expenditure was not taken into accountNote: In this case, an extra amount may be included in the person’s closing-down expenditure in relation to the project: see subsection 39(3).
Assessable property in the City is also subject to taxation by other overlapping governmental units.