Capital Improvements Budget definition

Capital Improvements Budget means a capital budget for each Fiscal Year which identifies the Capital Improvements to the System to be undertaken by the City during such Fiscal Year, the nature of the work, the estimated completion date of each Capital Improvement, the estimated Costs expected to be expended therefor in such Fiscal Year, and estimated disbursements from any Project Account or Renewal or Replacement Account in the Project Fund and, to the extent provided by the City, any other fund or account under or outside the Indenture, as well as the sources of moneys projected to be available to pay such estimated Costs in such Fiscal Year;
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Capital Improvements Budget means each annual budget prepared by the Manager and approved by Owner as part of the Annual Plan, reflecting the estimated costs for all Capital Improvements which in the reasonable opinion of Manager are necessary to keep and maintain the Project during the applicable Operating Year in good condition and in keeping with the Operating Standards. Condemnation shall mean the acquisition of all or any portion of the Project by any Governmental Authority having the power of condemnation or eminent domain, by compulsory acquisition, conveyance in lieu of or under threat of condemnation or like procedure. Default Rate shall mean the lesser of (i) the Prime Rate plus four percent (4%) or (ii) the highest lawful rate permitted by applicable Legal Requirements. Executive Personnel shall mean all or any one of the following: general manager, assistant general manager, director of food and beverage, director of sales, director of marketing, controller and any other key executive of the Project designated by Manager. Force Majeure shall mean acts of God, war, insurrection, civil commotion, riots, strikes, lockouts, embargoes, shortages of labor or materials specified or reasonably necessary in connection with the construction, refurbishment, equipping, ownership or management of the Project, fire, unavoidable casualties, failure of any applicable Governmental Authority to issue required Governmental Permits and any other occurrence, event or condition beyond the reasonable control of Owner or Manager, whichever shall be applicable. FF&E shall mean all furniture, fixtures, furnishings and specialized equipment and systems (exclusive of Operating Equipment) necessary or customary (now or in the future) in the reasonable opinion of Manager in order to operate the Project in accordance with the terms of this Agreement and the Operating Standards, including but not limited to all equipment required for the operation of kitchens, laundries, dry cleaning facilities and bars, special lighting and other equipment, signs, carpets, drapes, shades, tapestries, pictures, paintings, beds, mattresses, chairs, desks, tables, sofas, wall coverings, televisions, radios, intercoms, telephones and office equipment and machinery.
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Capital Improvements Budget means each annual budget prepared by the --------------------------- Manager and approved by Owner as part of the Annual Plan, reflecting the estimated costs for all Capital Improvements which in the reasonable opinion of Manager are necessary to keep and maintain the Project during the applicable Operating Year in good condition and in keeping with the Operating Standards. Capital Transaction shall mean any sale, transfer or other disposition for ------------------- value or any refinancing of all or any substantial part of the Project.
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Examples of Capital Improvements Budget in a sentence

  • An ordinance amending the 2006 Capital Improvements Budget and otherwise providing with respect thereto.

  • Ordinance No. 205 of 2006: An ordinance amending the 2006 Capital Improvements Budget and otherwise providing with respect thereto.

  • ORDINANCE NO 25 OF 2012Amending the 2012 Capital Improvements Budget, and to otherwise provide with respect thereto.

  • As more residential rezonings occur in this area, necessary improvements should be programmed into the Capital Improvements Budget.

  • Amendment to the 2014 Capital Improvements Budget is necessary to establish sufficient cash and authority in the proper project.

  • An ordinance appropriating, authorizing or allocating funds to the Capital Improvements Budget for the fiscal year 2010/2011 and to amend the fiscal year 2010/2011 Budget Ordinance No. 12410.

  • Amendment to the 2013 Capital Improvements Budget is necessary to establish sufficient cash and authority in the proper project.

  • ORD 52Amending Ordinance No. 4 of 2013 and Ordinance No. 113 of 2014, the Capital Improvements Budget, and otherwise providing with respect thereto.

  • Capital Improvements Budget Highlights: (general obligation bonds and FY 23 unless otherwise noted)1.

  • An ordinance appropriating, authorizing or allocating funds to the Capital Improvements Budget for the fiscal year 2009/2010 and to amend the fiscal year 2009/2010 Budget Ordinance No. 12288 and to amend the 2008/2009 Capital Budget No. 12161.


More Definitions of Capital Improvements Budget

Capital Improvements Budget means budget set forth on Schedule 1(a)(xi), setting forth the Capital Improvements and allocating the Capital Improvements Budget Amount to such Capital Improvements.
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Capital Improvements Budget has the meaning attributed thereto in Section 4.1;
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Capital Improvements Budget means each annual budget prepared by the Manager and approved by Owner as part of the Annual Plan, reflecting the estimated costs for all Capital Improvements which in the reasonable opinion of Manager are necessary to keep and maintain the Project during the applicable Operating Year in good condition and in keeping with the Operating Standards. Condemnation shall mean the acquisition of all or any portion of the Project by any Governmental Authority having the power of condemnation or eminent domain, by compulsory acquisition, conveyance in lieu of or under threat of condemnation or like procedure. Condominium Base Fee shall have the meaning provided therefor in the Addendum. Condominium Marketing Contribution shall have the meaning provided therefor in Section 7.4. Condominiums shall mean and include the condominiums (known as the "Las Casitas" condominiums) situated adjacent to the Site. Manager has only limited responsibilities in respect of the Condominiums, as provided in Section 2.1.
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Capital Improvements Budget means a program of proposed capital expenditures for the ensuing fiscal year and at least the next four (4) fiscal years thereafter, updated and adopted yearly by the local government governing body.
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Capital Improvements Budget means a detailed budget for the Capital Improvement Program of the Property. Any change, modification or reallocation to or within the Capital Improvement Budget may be made only with the consent of the Capital Members.
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Capital Improvements Budget means each annual budget prepared by Manager and approved by Owner as part of the Annual Plan, reflecting the estimated costs for all Capital Improvements which in the reasonable opinion of Owner and Manager are necessary to keep and maintain the Hotel during the applicable Operating Year in good condition and in keeping with the Operating Standards. Capital Transaction shall mean the sale of the Hotel to a bona fide third party for value or the refinancing of the Hotel. Competitive Set shall mean the four (4) or more hotels within the Hotel’s market area that are most closely comparable to the Hotel in brand, quality, price and market (with due consideration given to age, quality, size, location, amenities, amount of meeting space, and business mix). The Competitive Set will be mutually agreed to by Owner and Manager six months prior to the Opening. If Owner or Manager seeks a change in the Competitive Set based on the commencement of operations of one or more new hotels in the Hotel’s market area, or on any cessation of operations or significant change in operations (such as a change in operator or a change in market positioning) of any of the hotels in the current Competitive Set, the party requesting such change shall notify the other in writing of such request. In the event that the parties have not reached agreement on the Competitive Set or any proposed change thereto within thirty (30) days after the notice of such request has been given, such dispute shall be submitted to the Approved Consultant for determination in accordance with the standards outlined in the initial sentence of this definition. The decision of the Approved Consultant shall be final and binding on Owner and Manager. Condemnation shall mean the acquisition of all or any portion of the Hotel by any Governmental Authority having the power of condemnation or eminent domain, by compulsory acquisition, conveyance in lieu of or under threat of condemnation or like procedure. Debt Service for any period shall mean the sum of actual regularly scheduled payments (principal and interest) on the Senior Debt.
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Related to Capital Improvements Budget

  • Capital Improvement or "Capital Improvement Project" means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities of Local Subdivisions, including real property, interests in real property, and facilities and equipment of Local Subdivisions related or incidental thereto.

  • Capital Budget has the meaning given in Section 3.11(a).

  • Project area budget means a multiyear projection of annual or cumulative

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Operating Budget has the meaning given in Section 3.11(a).

  • Approved Budget means an annual budget-

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Capital Expenditure means expenditure on: