Minimum Project Valuation definition

Minimum Project Valuation means the amount of Seven Hundred Thousand and No/100 Dollars ($700,000.00).”
Minimum Project Valuation means an amount equal to the following valuation necessary to support the tax increment financing indebtedness for each phase of the Project:
Minimum Project Valuation means an amount equal to the following for each phase of the Project: (1) Three Million Two Hundred Thirteen Thousand Two Hundred and No/100 Dollars ($3,213,200.00) for Phase One; (2) Three Hundred Fifty-Three Thousand Two Hundred and No/100 Dollars ($353,200.00) for Phase Two; and (3) Three Hundred Fifty-Three Thousand Two Hundred and No/100 Dollars ($353,200.00) for Phase Three.

Examples of Minimum Project Valuation in a sentence

  • Every purchaser of a home on the Phase Two Site shall be subject to this provision so as to not protest any assessed valuation that would bring the valuation for a particular phase to an amount less than or equal to the Minimum Project Valuation.

  • During the period of this Amendment following the applicable Effective Date, Redeveloper and their successors and assigns, shall: (a) not protest real property valuation of the Project and Project Site to a sum less than or equal to the Minimum Project Valuation; and (b) not convey the Project Site to any entity would be exempt from the payment of real estate taxes.

  • During the period of this Agreement, Redeveloper, its successors and assigns, will: (1) not protest a real estate property valuation of the Project and Project Site to a sum less than or equal to the Minimum Project Valuation; and (2) not convey the Project Site or structures thereon to any entity which would be exempt from the payment of real estate taxes or cause the nonpayment of such real estate taxes.

  • The Redeveloper intends to create taxable real property valuation for each phase of the Project not less than the Minimum Project Valuation as defined in this First Amendment.


More Definitions of Minimum Project Valuation

Minimum Project Valuation means the amount of Ten Million Three Hundred Fifty Thousand and No/100 Dollars ($10,350,000.00).
Minimum Project Valuation means the amount of Three Hundred Thirty Six Thousand Six Hundred and No/100 Dollars ($336,600.00).
Minimum Project Valuation means an amount equal to the valuation of each lot in the Phase 3 Site necessary to support the tax increment financing indebtedness for each lot in the Phase 3 Site, which is One Hundred Sixty Eight Thousand Six Hundred Fifty and No/100 Dollars ($168,650.00) (the “Minimum Phase 3 Lot Valuation”).
Minimum Project Valuation means the amount of Eight Hundred Thirty Two Thousand Two Hundred Seventy Two and No/100 Dollars ($832,272.00).
Minimum Project Valuation means the amount of One Million Four Hundred Thousand and No/100 Dollars ($1,400,000.00).

Related to Minimum Project Valuation

  • Total Project Cost means all the funds to complete the effort proposed by the Applicant, including DOE funds (including direct funding of any FFRDC) plus all other funds that will be committed by the Applicant as Cost Sharing.

  • Minimum Price shall have the meaning set forth in Section 7.2(b)(ii).

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Project area budget means a multiyear projection of annual or cumulative

  • Current closure cost estimate means the most recent of the estimates pre- pared in accordance with § 265.142 (a), (b), and (c).

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Minimum Improvements means the acquisition of land and construction of a 64-unit market rate residential apartment building and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

  • Total Project Costs means the total amount of money required to complete the Project.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Subprojects means more than one such Subproject.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Cost Estimate means the detailed projected expenditure, including material costs and overhead, equipment costs and overhead, labor costs and overhead, and all taxes associated with each major material and service component, required for a line extension. It shall also separately identify any incremental costs associated with providing premium services. The Company may, for the purpose of standardization, establish standard construction cost estimates, for basic or premium service plans, which shall not exceed, in any event, the average cost of constructing such line extensions in the area involved, in which case the term “cost estimate” as used in this section will be understood to mean the standard estimate thus established.

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Total Contract Value means contract value plus statutory dues like GST etc. and any other amount payable under contract.