New development definition
Examples of New development in a sentence
The planned facilities method allocates costs based on the ratio of planned facility costs to demand from new development as follows: Cost of Planned Facilities = $/unit of demand New Development Demand This method is appropriate when specific planned facilities can be identified that only benefit new development.
When New Development south of the Whatcom Waterway has reached at least 1,000,000 square feet the Port and the City will meet with the Developer to reach agreement upon reasonable terms and in a form reasonably acceptable to the City, to design, construct and operate the Bay Street Connector.
In accordance with the MOHLTC’s 1982 (revised 1999) Business Oriented New Development Policy (BOND), the Hospital will retain any net income or operating surplus of income over expenses earned in a Funding Year, subject to any in-year or year-end adjustments to Funding in accordance with Article 5.
The City’s financial obligation for the Bay Street Connector shall be no more than $33,200,000 adjusted for inflation using Seattle-Tacoma-Bellevue CPI-U measured from the date of the 2013 Agreement to the date that New Development has reached 1,000,000 square feet.
This method calculates the fee based on the ratio of the value of existing facilities plus the cost of planned facilities divided by demand from existing plus new development: Value of Existing Facilities + Cost of Planned Facilities = $/unit of demand Existing + New Development Demand This method is useful when planned facilities need to be analyzed as part of a system that benefits both existing and new development.