Project Cost Account definition

Project Cost Account means the project cost account described in the Financial Plan Section of the Development Program and established and maintained pursuant to Title 30-A M.R.S.A. § 5227(3)(A)(1) and Article II hereof.

Project Cost Account means the project cost account described in the Financial Plan Section of the Development Program and established and maintained pursuant to Title 30-A

Project Cost Account means the project cost account associated with the Project as described in the Development Program and established and maintained pursuant to Title 30-A

Examples of Project Cost Account in a sentence

• The monies in the Developer’s Project Cost Account may be invested and reinvested in Qualified Investments as determined by the Town.

• The Town shall deposit into the Developer’s Project Cost Account, within 15 days after each payment of Property Tax and other taxes described in Section 3.1 hereof during the term of this Agreement an amount equal to that portion thereof constituting the Tax Increment (Developer’s Share) for the period or year to which the payment relates and shall allocate the amount so deposited to fund fully and pay the payments due to Developer under Article III of this Agreement.

• The City’s obligations hereunder shall not constitute a general debt or a general obligation or charge against or pledge of the faith and credit or taxing power of the City, the State of Maine, or of any municipality or political subdivision thereof, but shall be payable solely from that portion of Tax Increment Revenues payable to Developer hereunder, whether or not actually deposited into the Project Cost Account in the Development Program Fund.

• Subject to the terms of this Agreement, all monies required to be deposited into the Developer’s Project Cost Account to fund payments to Developer under the provisions hereof and the provisions of the Development Program (excluding all interest and investment earnings thereon), must be held by the Town, in trust, for the benefit of the Developer in accordance with the provisions of this Agreement.Section 2.5. Investments.

• All interest and earnings on the Tax Increment (Developer’s Share) prior to and after deposit thereof into the Developer’s Project Cost Account are the sole property of the Town and free and clear of any interest of the Developer under this Agreement.

More Definitions of Project Cost Account

Project Cost Account means the Developer’s Project Cost Account described in Article III of the Development Program and established and maintained pursuant to Article II of this Agreement.

Project Cost Account means the fund established by the municipality into which funds from the District Master Plan Fund are deposited as authorized in the Financial Plan before being distributed into the Town Cost Sub Account(s) or the Developer Cost Sub Account(s).

Project Cost Account means an account established by a municipality that is pledged to and charged with the payment of the project costs that are outlined in an approved financial plan and that are paid in a manner other than that described in subsection 5.

Project Cost Account means the account in the Development Program Fund described in Section IV(B) of the Development Program and established and maintained pursuant to the Development Program and Article II hereof.

Project Cost Account means the project cost account described in the Financial Plan Section of the

Project Cost Account means the project cost accounts described in section 3.04 of the Development Program and established and maintained pursuant to Section 5227(3)(A)(1) of the Act and Article II hereof.

Project Cost Account means the project cost account described in the Development Program and established and maintained pursuant to Title 30-A M.R.S.A. § 5250-A(3)(A)(1) and Article II hereof.