Capital Development Levy definition

Capital Development Levy is the annual fee set out in the Regulations and set out in the Fee and Statement and charged per family by the School to create funds to be used by the School to maintain and develop the School’s grounds and facilities.

Examples of Capital Development Levy in a sentence

  • Deposit R20,395, Capital Development Levy R2,250 and Enrolment fee R1,000 are payable on acceptance of placement of new children.

  • An annual Capital Development Levy of $690 per family is charged in two instalments per year.

Related to Capital Development Levy

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • spatial development framework means the Mhlontlo Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.