Assisted Facility definition
Examples of Assisted Facility in a sentence
The limits for earthquake and flood shall be the lesser of the estimated full replacement cost of the Assisted Facility or $10,000,000.
If the Authority disagrees with the current appraised value of the Assisted Facility, the Authority may obtain a second appraisal at its own expense, and the current appraised value shall be equal to the greater of the two appraisal amounts on the basis of highest and best use of the facility.
In the event that the District sells, rents, or leases the Assisted Facility, other than renting or leasing the Facility for a temporary or periodic community use, the Authority shall receive no less than its share, in proportion to its investment in the total Project cost, of the fair market value of the Assisted Facility, as determined by an appraisal conducted pursuant to Section 14.1 above.
The notice of intent to take any of the aforementioned actions shall include the current appraised value of the Assisted Facility and the maximum resale price on the basis of highest and best use of the facility.
In the event that the District knows or has reason to know that the Assisted Facility is no longer operated and maintained as a public school in substantial compliance with the Educational Program and in accordance with the provisions of this Project Funding Agreement, Chapter 70B, and 963 CMR 2.00 et seq., Chapter 208 and 210 of the Acts of 2004, 963 CMR 2.00 et seq.
In the event that the District knows or has reason to know that the Assisted Facility is no longer operated and maintained as a public school in substantial compliance with the District’s educational program and in accordance with the provisions of this Project Funding Agreement, Chapter 70B, 963 CMR 2.00 et seq., Chapter 208 and 210 of the Acts of 2004, and any rules, regulations, policies and guidelines of the Authority, the District shall give written notice thereof to the Authority.