Predevelopment Budget definition

Predevelopment Budget means the proforma predevelopment budget, including sources and uses of funds, attached hereto and incorporated herein as Exhibit A, which may be amended with the approval of the County as set forth in this Agreement.
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Predevelopment Budget means the predevelopment attached hereto as Schedule 5. Principal: $230,000,000.00, less all prepayments and repayments of the principal amount of the Loan from time to time in accordance with the terms and provisions of this Agreement and the other Loan Documents.
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Predevelopment Budget means the pro-forma predevelopment budget, including sources and uses of funds, and showing the amount of each line item to be funded by the Loan, attached hereto and incorporated herein as Exhibit B, which may be amended with the approval of the Authority as set forth in this Agreement.
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Examples of Predevelopment Budget in a sentence

  • The Grantee will ensure that the funds are expended in conformance with the HUD-approved Predevelopment Budget.

  • STATEMENT OF FACTS (cont.): Within the Predevelopment Budget cost sharing arrangement, it is typical for the HUD Grantee (LMHA) to share 75% of the predevelopment costs and for the project Developer (MBS) to share 25%.

  • Finance Officer EXHIBIT A Southside Revitalization Phase 2 LP Housing Predevelopment Budget Use City of Durham Owner/MBS Total 1.

  • Information gathered in self-assessment phase is documented and used in the on-site audit preparation, in case such audit will be conducted.

  • The City agrees to make a loan to the Owner in a principal amount of up to $500,000.00 to cover the costs incurred by the Owner prior to Closing for activities identified in the Predevelopment Budget (the “Predevelopment Loan”).

  • In the event that the Borrower reasonably determines that the Predevelopment Budget requires an increase in order to meet all Phase Predevelopment Expenses for the Development through Closing, the Borrower may submit a detailed request to the Authority, with supporting documentation, for approval of an increased Predevelopment Budget and a corresponding increase in the amount of the Loan.

  • The Owner shall make available for review by the City copies of all contracts for work intended to fulfill the Predevelopment Budget, or any portion thereof.

  • Predevelopment Budget" means the pro-forma predevelopment budget, including sources and uses of funds, and showing the amount of each line item to be funded by the Loan, attached hereto and incorporated herein as Exhibit B, which may be amended with the approval of the Authority as set forth in this Agreement.

  • Among other provisions, the Original Agreement authorized a Predevelopment Loan of up to $500,000 of federal HOME Funds, including CHDO set-aside funds, to be disbursed pursuant and subject to the terms and conditions therein, which proceeds will be used by Developer only for certain Eligible Predevelopment Expenses as the costs therefor are described in that certain Eligible Predevelopment Activities and Expenses with Predevelopment Budget and Performance Schedule, Exhibit A, to the Original Agreement.

  • This Article 3 and the line items of the Predevelopment Budget set forth various tasks that the Borrower will diligently seek to perform and achieve in good faith under the terms of this Agreement (collectively, the "Predevelopment Activities").


More Definitions of Predevelopment Budget

Predevelopment Budget means the Predevelopment Budget attached hereto as Attachment No. 4, setting out the general categories of Eligible Predevelopment Costs and the Developer's anticipated budget for such costs. The Predevelopment Budget is subject to revision from time to time as mutually agreed upon in writing between the Developer and the City. The City authorizes the City Manager to make such revisions to the Predevelopment Budget as deemed reasonably necessary to effectuate the purposes of this Agreement.
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Predevelopment Budget means that certain Predevelopment Budget included as a part of Exhibit A that sets out specific, eligible line item categories of Eligible Predevelopment Activities and the amount of Predevelopment Loan proceeds allocated to each category.
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Predevelopment Budget means the budget including uses of funds for the predevelopment activities, attached hereto as Exhibit A.
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Related to Predevelopment Budget

  • Development Budget shall have the meaning set forth in Section 3.3.

  • Research Budget has the meaning set forth in Section 3.2.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

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

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Redevelopment project means any work or undertaking

  • Operating Budget has the meaning given in Section 3.11(a).

  • Approved Budget means an annual budget-

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Development Project means a project for the development of land within a

  • Timeline means the list of critical dates and actions included in the Introductory Materials.

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Development Schedule shall have the meaning set forth in Section 1.1.

  • Development Plans has the meaning set forth in Section 3.2.

  • Redevelopment Commission means the Fishers Redevelopment Commission.

  • Development Plan has the meaning set forth in Section 3.2.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Project Plans mean the plans for the Project that are attached to this Agreement as Exhibit “B.”

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.