Mandarin Oriental Hotel Project definition

Mandarin Oriental Hotel Project means the acquisition and initial development, construction, equipping, and furnishing of a Mandarin Oriental hotel within the Portals project, located on Square 299, Lot 831, consisting of a 400-room hotel with approximately 33,000 square feet of associated meeting and banquet space, 2 restaurants, a health spa and fitness center totaling approximately 10,000 square feet, and approximately 90,000 square feet of public parking space for approximately 200 cars;
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Examples of Mandarin Oriental Hotel Project in a sentence

  • The Chief Financial Officer shall recognize the additional tax increment revenue in fiscal years 2013 and 2014 above that which was needed for debt service for the Mandarin Oriental Hotel Project Bonds, Series 2002 for the Mandarin Oriental Hotel Project, as defined in section 2(a)(2) of the Mandarin Oriental Hotel Project Tax Deferral Act of 2002, effective March 25, 2003 (D.C. Law 14-232; D.C. Official Code § 2-1217.32(a)(2)), for each of these years, as fiscal year 2013 and 2014 local funds revenue.

  • Transfers with respect to the real property (and any improvements thereon) described as Square 299, Lot 831, in connection with the debt or equity financing for the Mandarin Oriental Hotel Project until the Development Sponsor sells the Mandarin Oriental Hotel Project, as evidenced by the recordation of a deed conveying title to Square 299, Lot 831, at which time such amounts shall be due and payable without penalty or interest.

Related to Mandarin Oriental Hotel Project

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