Redevelopment Loan definition

Redevelopment Loan means a loan to be provided by the City to the Developer in the not to exceed principal amount, at the interest rate and due and payable on or before the Completion Date as specified in Section 4.1(a) of this Agreement.
Sample 1Sample 2Sample 3

Examples of Redevelopment Loan in a sentence

  • Because lenders, investors, and developers sometimes fear liability for cleaning up the contamination they did not create, they are attracted to developments in newer areas, or “greenfields.”What is the Brownfields Redevelopment Loan Fund?The Brownfield Revolving Loan Fund (BRLF) helps eligible borrowers pay for the clean up of brownfields.

  • The seven strategic initiatives and overarching institutional strategy chart pathways to build on this capacity and move toward the dual components of the aspiration for Cornell as a single entity.

  • The Agency shall have the authority to promulgate regulations setting forth procedures and criteria for administering the Brownfields Redevelopment Loan Program.

  • Pulled - Economic Development Corporation - Resolution Authorizing Borrowing$550,000 from the Michigan Department of Environmental Quality Brownfield Redevelopment Loan on Behalf of the Charter Township of Lansing.

  • All resolutions or parts of resolutions in conflict with any of the provisions of this Resolution are hereby repealed.BROWNFIELD REDEVELOPMENT LOAN AGREEMENT This Brownfield Redevelopment Loan Agreement is made on betweenSouthwind Restaurants, LLC, a limited liability corporation, whose address is 109 East Broadway, Mount Pleasant, Michigan 48858 ("Developer") and the city of Owosso, a Michigan Municipal corporation, whose address is 301 W.

  • MDEQ realizes the significance of this contamination given the location and proximity of one of the city’s well heads to the south of this property and has agreed to help fund this project through a Brownfield Redevelopment Loan Program.

  • Additionally, the Director commented on the final disposition of the Michigan State Fairgrounds and DeHoCo. Lastly, the Director presented the monthly update on the Redevelopment Loan Program Status Log.

  • No more than 40 percent of the total amount disbursed from the Brownfields Redevelopment Loan Fund in any biennium shall be awarded to persons who are liable with respect to the subject property under ORS 465.255.

  • This is propelled by takeovers (for example in 2019 Korian became the majority shareholder of the telemedicine business Omedys),134 the establishment of its own Korian Academy, and digi- talization offensives (Korian Solutions).

  • The following sub-funds are used: Operating fund, Gateway II fund, Buffalo East fund, Ag Park fund, Med Tech Park fund, WNY STAMP fund, Med Tech Centre fund, Economic Development Loan fund, and Batavia Micropolitan Area Redevelopment Loan fund.

Related to Redevelopment Loan

  • Redevelopment Agreement means an agreement between the

  • Redevelopment Law means Article VIII, Section 12 of the Constitution of the State and Chapter 18, Article 21, Reissue Revised Statutes of Nebraska, as amended.

  • Redevelopment project means any work or undertaking

  • Redevelopment entity means a municipality or an entity

  • Redevelopment means areas where development is replacing older development.

  • 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.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • Redevelopment Contract means this redevelopment contract between the Authority and Redeveloper with respect to the Project.

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • 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.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Redevelopment Commission means the Fishers Redevelopment Commission.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Subloan means a loan made or proposed to be made partially out of the proceeds of the Loan by a Participating Bank to a Beneficiary (as such term is hereinafter defined) under Parts D and I of the Project for the financing of the investments and associated working capital under Subprojects (as such term is hereinafter defined);

  • Redeveloper means any person, firm, corporation or public

  • Development Credit Agreement means the agreement of even date herewith between the Borrower and the Association for the Project, as such agreement may be amended from time to time; and such term includes all schedules and agreements supplemental to the Development Credit Agreement.

  • Commercial project means any project, including, but not

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

  • Commercial loan means a loan that is not made primarily for

  • 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.

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Aquaculture facility means the same as that term is defined in Section 4-37-103.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Large project means, for purposes of the Soft Cost Ratio limitation in Section 3.F, a Project with more than 24 Housing Credit units.

  • Initial Loan is defined in Section 2.1.