Major Improvement Area Bonds definition

Major Improvement Area Bonds means those certain “City of Fate, Texas, Special Assessment Revenue Bonds, Series 2020 (Williamsburg East Public Improvement District Major Improvement Area Project).”
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Major Improvement Area Bonds means those certain "City of Sachse, Texas, Special Assessment Revenue Bonds, Series 2020 (Sachse Public Improvement District No. 1 Major Improvement Area Project)."
Sample 1
Major Improvement Area Bonds means those certain “City of Anna, Texas Special Assessment Revenue Bonds, Series 2019 (Hurricane Creek Public Improvement District Major Improvement Area Project)” that are secured by Major Improvement Area Assessments.
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Examples of Major Improvement Area Bonds in a sentence

  • The principal and interest amounts are based on Phase #3B's proportionate share of the Series 2018 Major Improvement Area Bonds and will not be increased during the life of the bonds.

  • Following the initial Phase #1 Bonds and the Initial Major Improvement Area Bonds anticipated to be issued in 2021, subsequent financings may be issued over the upcoming decade as the subsequent Future Phases are gradually constructed.

  • The par amount of the Initial Major Improvement Area Bonds and the Assessment amount of the Major Improvement Area reimbursement obligation under the Reimbursement Agreement is $25,384,092, which is equal to the benefit received by the Major Improvement Area Assessed Property from the Major Improvement Area Projects being constructed at this time.

  • The initial Annual Installments relating to the Initial Major Improvement Area Bonds and the Phase #1 Bonds will be due when billed and will be delinquent if not paid prior to February 1, 2023.

  • The Major Improvement Area Assessment Roll - Initial Major Improvements sets forth for each year the Annual Installment for each Parcel based on an interest rate of 3.50% in years 1 through 5 (2022-2026), 4.00% in years 6 through 10(2027-2031), 4.25% in years 11 through 20 (2032-2041), and 4.50% in years 21 through 30 (2042- 2051) on the Initial Major Improvement Area Bonds, and an additional interest at the rate of 0.5% for Additional Interest Reserve.

  • The Budgeted Costs for the Major Improvement Area’s pro rata portion of Initial Major Improvements and Additional Major Improvements plus costs related to the issuance of the Initial Major Improvement Area Bonds and payment of its allocated portion of the expenses incurred in the establishment, administration and operation of the PID is $25,384,092 as shown in Table IV-A.

  • Free Variable (X)An independent variable is a variable whose value does not change because of other variables.

  • According to the Updated Service and Assessment Plan, the Annual Installments shall be collected in an amount sufficient to pay principal and interest on the Major Improvement Area Bonds, to fund the prepayment reserve and delinquency reserve and to cover Administrative Expenses of the Major Improvement Area.

  • The Initial Major Improvement Area Bonds will fund the Major Improvement Area’s proportionate share of the Budgeted Costs of the Initial Major Improvements and the obligation related to the Additional Major Improvements under the Reimbursement Agreement will reimburse the Developer for the Major Improvement Area’s proportionate share of the Budgeted Costs of the Additional Major Improvements.

  • Each Assessment for the Major Improvement Area shall be paid with interest based on the actual interest rate paid on the Initial Major Improvement Area Bonds and the obligation related to the Major Improvement Area's pro-rata share of the costs of the Additional Major Improvements under the Reimbursement Agreement, respectively.


More Definitions of Major Improvement Area Bonds

Major Improvement Area Bonds means those certain “City of Manor, Texas, Special Assessment Revenue Bonds, Series 2021 (Manor Heights Public Improvement District Major Improvement Area Project) that are secured by actual revenues received by or on behalf of the City from the collection of the Major Improvement Area Assessments.
Sample 1
Major Improvement Area Bonds means the proposed “City of Liberty, Texas Special Assessment Revenue Bonds, Series 2022 (Butler Farms Public Improvement District Major Improvement Area Project,” which are secured by Assessments levied against Assessed Property within the District that are be issued to finance the Major Improvements.
Sample 1
Major Improvement Area Bonds means those certain “City of Royse City, Texas, Assessment Revenue Bonds, Series, 2017 (Waterscape Public Improvement District Major Improvement Project)” that are secured by actual revenues received by or on behalf of the City from the collection of the Major Improvement Area Assessments levied against Major Improvement Area Assessed Property, or the Annual Installments thereof, for the Major Improvement Area Projects.
Sample 1
Major Improvement Area Bonds means those certain “City of Pilot Point, Texas, Special Assessment Revenue Bonds, Series 2022 (Mobberly Public Improvement District Major Improvement Area Project).”
Sample 1
Major Improvement Area Bonds means those certain City of Celina, Texas Special Assessment Revenue Bonds, Series 2015 (Wells South Public Improvement District Major Improvement Area Project) that are secured by Special Assessments levied on Major Improvement Area Assessed Property.
Sample 1

Related to Major Improvement Area Bonds

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Tenant Improvements Defined in Exhibit B, if any.

  • Tenant Improvement Work means the construction of the Tenant Improvements, together with any related work (including demolition) that is necessary to construct the Tenant Improvements.

  • 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.

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.  Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by Company or any Company Subsidiary, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the lease for such Leased Real Property.

  • Maximum medical improvement means that no further material improvement would reasonably be expected from medical treatment or the passage of time;

  • Home improvement means the remodeling, altering,

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Site Improvements means any construction work on, or improvement to, streets, roads, parking facilities, sidewalks, drainage structures and utilities.

  • Public improvement costs means the costs of:

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.

  • Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Project Improvements means site improvements and facilities that are:

  • Redevelopment project means a specific construction project

  • Base Building shall include the structural portions of the Building, the public restrooms and the Building mechanical, electrical and plumbing systems and equipment located in the internal core of the Building on the floor or floors on which the Premises are located. Tenant shall promptly provide Landlord with copies of any notices it receives regarding an alleged violation of Law. Tenant shall comply with the rules and regulations of the Building attached as Exhibit E and such other reasonable rules and regulations adopted by Landlord from time to time, including rules and regulations for the performance of Alterations (defined in Section 9).

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Base Building Work means the base building work for the Building as described in this Manual.

  • Public improvement means projects for construction, reconstruction or major renovation on real property by or for a public agency. “Public Works” shall mean roads, highways, buildings, structures and improvement of all types, the construction, reconstruction, major renovation or painting of which is carried on or contracted for by any public agency to serve the public interest by does not include the reconstruction or renovation of privately owned property which is leased by a public agency.

  • Building Work has the meaning given to it in section 6 of the Building and Construction Industry (Improving Productivity) Act 2016 (Cth);

  • Building Common Areas means with respect to the Tower, the areas, facilities and amenities specified in Schedule [E] which are to be used and enjoyed in common with all the other Apartment Acquirers of the Units in the Building; and

  • Minimum Improvements means the acquisition of land and construction of a 152-unit market rate residential apartment building, construction of a stormwater pond and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

  • Excavation work means the making of any man-made cavity, trench, pit or depression formed by cutting, digging or scooping;

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.