Fair Reuse Value definition

Fair Reuse Value means an estimated Market Value for the Development Property based on the planned use of the Development Property as determined by the CPED Appraiser and approved by the CPED Director.
Sample 1Sample 2Sample 3
Fair Reuse Value means the fair reuse value of the Property with the City Conditions as calculated in the Fair Reuse Analysis.
Sample 1
Fair Reuse Value means the value of property established by the Urban Renewal Agency taking into account the condition of the property, cost of development, type of development desired and conditions imposed by the Urban Renewal Agency.
Sample 1

Examples of Fair Reuse Value in a sentence

  • If such measures are unavailable or unsuccessful, the CPED staff may sell the lot to one or both of the adjacent property owners at a price based on the Fair Reuse Value of the nonbuildable lot as a sideyard.

  • The sales price of the Property will be the Fair Reuse Value and requires the City to retire any outstanding liens recording against the Property, approved by the City and used to fund improvements on Property.

  • In accordance with and subject to all terms, covenants and conditions of this Agreement, Owner agrees to convey the Property to City and City agrees to purchase the Property from Owner at the Fair Reuse Value of One Dollar ($1.00) as paid by the Buyer to the City for the purchase of the Property under the PSA.

  • Purchase Prices and Earnest MoneyThe Existing Fire Station 1 Property will be purchased by Developer for the Fair Reuse Value of $680,000.00 (“Existing Fire Station Purchase Price”).

  • Buyer acknowledges that the sale of the Property as the Fair Reuse Value constitutes a financial incentive within the meaning of Government Code Section 53058 which will require a preliminary public hearing as well as one or more future public hearings.

  • For and in consideration of the City’s direct sale of the Property to Owner at the reduced market value of the Fair Reuse Value without the use of public bidding and in accordance with the terms and conditions and other consideration as set forth in the PSA, the sufficiency of which is hereby expressly acknowledged by Owner, Owner, does xxxxx xxxxx to City the exclusive right to repurchase the Property during the Term of this Repurchase Option Agreement as set forth herein.

  • Upon acquisition of Development Properties to be included in the Land Inventory, the CPED Director shall establish for each Development Property (i) the desired reuse for the Development Property to be offered for disposition; and (ii) its Fair Reuse Value.

  • If such measures are unavailable or unsuccessful, the CPED staff may sell the lot to one or both of the adjacent property owners at a price based on the Fair Reuse Value of the non-buildable lot as a sideyard.

  • CPED shall not negotiate a Purchase Price or lease rate that is less than the current Fair Reuse Value for the Development Property, unless staff determines that a Writedown is justified.

  • In the event that Buyer fails to commence construction and/or diligently pursue construction of the Project, as set forth in Scope of Development and in the time frame set forth in the Schedule of Performance, the City may exercise its right to repurchase the Property at the Fair Reuse Value upon the terms and conditions set forth in the City Repurchase Option Agreement, which shall serve as the preliminary escrow instructions.


More Definitions of Fair Reuse Value

Fair Reuse Value means the estimated market value for development property based on the planned reuse of the development property.
Sample 1
Fair Reuse Value means an estimated fair market value sale price or rental rate for Development Property based on the planned use of the real property as determined by the CPED Appraiser.
Sample 1

Related to Fair Reuse Value

  • Base Value With respect to any Mortgage Loan for which Additional Collateral has been pledged, the value of the Additional Collateral as determined with respect to that Mortgage Loan in accordance with the applicable underwriting guidelines.

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Fair Market Value Excess With respect to each Mortgage Loan to be purchased pursuant to Section 10.01(a), the excess, if any, of the Fair Market Value Call Price for such Mortgage Loan, over the Par Call Price for such Mortgage Loan. Any Fair Market Value Excess will not become part of the related Group Available Funds, but shall instead be distributed directly to the Holders of the Class A-LR Certificates pursuant to Section 4.02(g).

  • Fair Market Value means, as of any date, the value of Common Stock determined as follows:

  • Historical Fair Market Value means the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No Ordinary Shares shall be issued at less than their par value.

  • Present Fair Salable Value means the amount that could be obtained by an independent willing seller from an independent willing buyer if the assets (both tangible and intangible) of the Borrower and its Subsidiaries taken as a whole are sold on a going concern basis with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises insofar as such conditions can be reasonably evaluated.

  • Reference Value means the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Adjusted Fair Market Value means, in the event of a Change in Control, the greater of (a) the highest price per Share paid to holders of the Shares in any transaction (or series of transactions) constituting or resulting in a Change in Control or (b) the highest Fair Market Value of a Share during the ninety (90) day period ending on the date of a Change in Control.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Present Fair Saleable Value means the amount that could be obtained by an independent willing seller from an independent willing buyer if the assets (both tangible and intangible) of the applicable Person and its subsidiaries taken as a whole are sold on a going-concern basis with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises insofar as such conditions can be reasonably evaluated.

  • Fair salable value means the amount that could be obtained for assets within a reasonable time, either through collection or through sale under ordinary selling conditions by a capable and diligent seller to an interested buyer who is willing (but under no compulsion) to purchase.

  • Salvage value means the amount received for property retired, less any expenses incurred in connection with the sale or in preparing the property for sale, or, if retained, the amount at which the material recoverable is chargeable to materials and supplies, or other appropriate account.

  • Market Value as defined in the regulation prescribing the standards for real estate appraisals used in federally related transactions, 12

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Good Value means that the Benchmarked Rates are within the Upper Quartile;

  • Stored value means monetary value that is evidenced by an electronic record.

  • Adjusted Value as used in subdivision (d) means:

  • rand value means the total estimated value of a contract in Rand, calculated at the time of bid invitation, and includes all applicable taxes;

  • Aggregate Value means, with respect to any block of Equity Stock, the sum of the products of (i) the number of shares of each class of Equity Stock within such block multiplied by (ii) the corresponding Market Price of one share of Equity Stock of such class.

  • Orderly Liquidation Value means the net amount (after all costs of sale), expressed in terms of money, which Agent, in its good faith discretion, estimates can be realized from a sale, as of a specific date, given a reasonable period to find a purchaser(s), with the seller being compelled to sell on an as-is/where-is basis.

  • Gross Heating Value means the total heat expressed in megajoules per cubic metre (MJ/m³) produced by the complete combustion at constant pressure of one (1) cubic metre of gas with air, with the gas free of water vapour and the temperature of the gas, air and products of combustion at standard temperature and all water formed by the combustion reaction condensed to the liquid state;

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.

  • Intrinsic Value means reinstatement value of insured property or item less due allowance for betterment, wear and tear and/or depreciation

  • Net Value has the meaning set forth in Section 1.68(a)(ii).

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.