Major Property Owner definition

Major Property Owner means, in any Fiscal Year, any owner of property within the CFD that is responsible for fifty percent (50%) or more of the total Special Tax obligation within the CFD in that Fiscal Year, as determined by the Administrator.
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Major Property Owner means, in any Fiscal Year, any owner of property within Improvement Area No. 2 that is responsible for fifty percent (50%) or more of the total Special Tax obligation within Improvement Area No. 2 in that Fiscal Year, as determined by the Administrator.
Sample 1

Examples of Major Property Owner in a sentence

  • Such a reduction shall be made without a vote of the qualified CFD electors if either of the following occur: (i) a Major Property Owner within the CFD requests a reduction in the Base Special Tax, or (ii) CMFA makes a determination that the Total Tax Burden may, without a reduction in the Base Special Tax, exceed 1.80% of the Average Sales Price.

  • Such a reduction shall be made without a vote of the qualified CFD electors if either of the following occur: (i) a Major Property Owner within Improvement Area No. 2 requests a reduction in the Target Facilities Special Tax, or (ii) the County makes a determination that the Total Tax Burden on Residential Units may, without a reduction in the Target Facilities Special Tax, exceed a Total Tax Burden of 1.80% of the Average Sales Price for Residential Units.

  • Drainage Area: 288 acresBuilt: 1973 Hazard Classification:State—High/EPA-Significant Latitude: 35.17410 Longitude: -81.00760 Dam Operator: Duke Energy National Inventory of Dams No.: NC01669 Major Property Owner: Duke Energy Dam North Carolina ID Number: GASTO-061 Dam Designer: NA See design data in Appendix B.

  • Brenda Major, Property Owner, and Patrick Lions, presented the case.

  • Drainage Area: NABuilt: 1957 Hazard Classification:State—High/EPA-Significant Latitude: 35.18420 Longitude: -81.00630 Dam Operator: Duke Energy National Inventory of Dams No.: NC01668 Major Property Owner: Duke Energy Dam North Carolina ID Number: GASTO-016 Dam Designer: NA See design data in Appendix B.

  • Dam Description: MAIN ASH BASINHeight: 37' Drainage Area: 1171.64 acresBuilt: 1962 Hazard Classification:State—High/EPA--Significant Latitude: 36.60600 Longitude: -80.96020 Dam Operator: Duke Energy National Inventory of Dams No.: NC01322 Major Property Owner: Duke EnergyDam NC ID Number: CATAW-054 Dam Designer: DUKE POWER CO.

Related to Major Property Owner

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon which responsibilities are imposed and to which authority is granted in the declaration.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Mortgage Borrower shall have the meaning set forth in the Recitals to this Agreement.

  • Residential property means improved property that:-

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Project Owner means the legal entity that ultimately owns the Project and to which Tax Credits will be allocated.

  • Qualified Ground Lease means each of the ground leases or ground subleases set forth on Schedule 1.01(d) hereto and for a Future Property means any ground lease (a) which is a direct ground lease or ground sublease granted by the fee owner of real property or a master ground lessee from such fee owner, (b) which may be transferred and/or assigned without the consent of the lessor (or as to which the lease expressly provides that (i) such lease may be transferred and/or assigned with the consent of the lessor and (ii) such consent shall not be unreasonably withheld or delayed) or subject to certain reasonable pre‑defined requirements, (c) which has a remaining term (including any renewal terms exercisable at the sole option of the lessee) of at least twenty (20) years, (d) under which no material default has occurred and is continuing, (e) with respect to which a Lien may be granted without the consent of the lessor (but subject to customary requirements regarding the nature of the holder of such Lien and prior notice to the lessor), (f) which contains customary and reasonable lender protection provisions, including, without limitation, provisions to the effect that (i) the lessor shall notify any holder of a Lien in such lease of the occurrence of any default by the lessee under such lease and shall afford such holder the option to cure such default, and (ii) in the event that such lease is terminated, such holder shall have the option to enter into a new lease having terms substantially identical to those contained in the terminated lease and (g) which otherwise contains no non-customary terms that are material and adverse to the lessee.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Release Property shall have the meaning set forth in Section 2.6 hereof.

  • New property means (i) the assessed value, after final

  • Non-Residential Property means all Assessor’s Parcels of Developed Property for which a building permit(s) was issued for a non-residential use.

  • Unencumbered Property means any one of the Unencumbered Properties.

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.