Minimum Improvements definition

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.

Minimum Improvements means devoting the Development Property to its intended Use and construction of approximately a square foot parking facility for use as parking for the Developer as identified and set forth in Exhibit C and constructed in accordance with the Construction Plans submitted to and approved by the Authority. After completion of the Minimum Improvements, the term shall mean the Development Property as improved by the Minimum Improvements.

Minimum Improvements means the development on the Development Property, which will include (i) a varied three- to six-story, approximately 175-unit apartment building subject to the affordability requirements and bedroom configurations described in Section 4.5 hereof, and

Examples of Minimum Improvements in a sentence

• If the Notice to Proceed is issued and delivered to the City by Developer, and If Developer thereafter constructs and completes at least the Minimum Improvements (as defined below), Developer shall not be deemed to be in default if it elects, for any reason, not to complete any of the other Improvements described in Section 2.01 above.

• If, prior to the date that is five (5) years from the date of completion of the Minimum Improvements, the Property is sold to a third party without prior written consent by XXXXX for such sale, the Deferred Assessment Amount, plus interest as stated in Section 2.01(c) will be due and payable in full at the closing of the sale to the third party, without reduction for the number of years the Owner remained in operation at the Property.

• The Notice to Proceed shall include the Initial Perimeter Public Street Improvements which are required to be constructed in connection with Developer's anticipated construction and completion of the Minimum Improvements for the Project in compliance with the Minimum Improvements Development Plan or any other permits or zoning requirements.

• If Developer agrees to cause commences its construction of the Minimum Improvements (and any other Improvements undertaken by Developer) during the construction cycle for the Initial Perimeter Public Street Improvements,) Developer agrees that the Minimum Improvements and other Improvements shall to be undertaken in cooperation, collaboration and coordination with the City on the construction of the Initial Perimeter Public Street Improvements.

• July 31, 2025 October 31, 2026 – Developer completes construction of Minimum Improvements.

More Definitions of Minimum Improvements

Minimum Improvements means the acquisition of land and construction of approximately 200 units of market rate housing, approximately 1,700 square feet of retail/restaurant, and dependent upon market demand, up to an additional approximately 10,600 square feet of retail. The Minimum Improvements are more fully described in Exhibit C, which is attached hereto and incorporated herein.

Minimum Improvements means the development on the Development Property of (i) the Owner- Occupied Housing; (ii) two parking stalls per unit of Owner-Occupied Housing; and (ii) necessary public infrastructure, including streets and utilities.

Minimum Improvements means the construction on the Redeveloper Parcels of a multistory building containing 191 units of multifamily rental housing, along with associated underground structured parking and surface parking.

Minimum Improvements means the development proposal identified in the Grant Agreement, generally consisting of the construction of a multifamily rental housing facility consisting of approximately 60 affordable senior rental housing units, including indoor and outdoor community spaces for residents. Prior to the Termination Date, changes to the Minimum Improvements may only be made pursuant to Section 4.2(b) hereof.

Minimum Improvements means new construction of 103 affordable workforce rental housing units, underground parking spaces and related improvements as described in the Contract.

Minimum Improvements means the construction on the Development Property of a rental housing facility containing 49 Rental Housing Units, subject to the affordability requirements described in Section 4.5 hereof.

Minimum Improvements means the construction of an approximately 21,200 square foot office/warehouse building, generally depicted on Exhibit B and as such plans may be modified to meet the minimum standards relating to Light Industrial development as regulated by Chapter 118 of the South St. Paul Municipal Code.