Statement of Compensation definition

Statement of Compensation means the statement of compensation with respect to the acquisition of any portion of the Acquisition Property by eminent domain, as described in § 8- 129 of the Statutes, setting forth a description of the portion of the Acquisition Property to be taken, the names of all parties having a record interest therein and the amount of compensation to be paid to the persons entitled thereto with respect to such portion of the Acquisition Property, which shall be prepared by the Agency, filed with the Clerk of the Court and recorded in the Land Records.
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Statement of Compensation. 15 Section 1.62 “Statutes”… 15 Section 1.63 “Workforce Housing Unit 15 Section 1.64 “Zoning Regulations”… 15 ARTICLE II IMPROVEMENTS… 15 Section 2.1 Phase I Improvements 15 Section 2.2 Phase II Improvements 18 Section 2.3 Phase III Improvements 19 Section 2.4 Independent Parcels 21 Section 2.5 Public Parking 22 A. Temporary Public Parking 22 B. Permanent Public Parking 22 Section 2.6 Redeveloper’s Right to Reduce the Gross Square ARTICLE III CONSTRUCTION PROCESS… 26 Section 3.1 Conceptual Master Site Plan 26 Section 3.2 Phase I Construction Plans 28 Section 3.3 Phase II Construction Plans 29 Section 3.4 Phase III Construction Plans 30 Section 3.5 Modification of Construction Plans 32 Section 3.6 Parking Garage Design and Approvals 33 Section 3.7 Governmental Approvals for Each Phase 33 Section 3.8 Working Drawings 33 Section 3.9 Evidence of Equity Capital and Mortgage Financing 35 Section 3.10 Failure to Construct in Accordance with Working Drawings 35
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Examples of Statement of Compensation in a sentence

  • The Agency shall not request that Redeveloper fund any compensation amounts for acquisition of Acquisition Property unless and until the Agency, in compliance with the terms of this Agreement, is able to file a Statement of Compensation within thirty (30) days after receipt of said funds from Redeveloper.

  • Redeveloper will deposit into the Project Operating Account from time to time within thirty (30) days after the request of the Agency such funds as are required to enable the Agency to make the deposit required by § 8-130 of the Statutes to be made upon the filing by the Agency of a Statement of Compensation with respect to any parcel of Acquisition Property to be acquired by eminent domain in accordance with this Agreement.

  • The Appraisals shall be updated to the date of the filing of a Statement of Compensation with respect to any of the parcels of Acquisition Property.

  • Without the prior written consent of the Redeveloper, the Agency will not file a Statement of Compensation or record a Certificate of Taking for any parcel of Acquisition Property unless a Remedial Cost Estimate has been prepared by an LEP Firm with respect to any Environmental Condition of such parcel.

  • For each Condemned Parcel with respect to which the Parcel Owner accepts the Agency’s Parcel Value stated in, and accepts the Deposited Funds deposited with, the Statement of Compensation, the security will be discharged and released by the City and the Agency after the Parcel Owner’s acceptance of the Deposited Funds is filed with the Clerk of the Court.

  • The Agency and the City will make reasonable efforts, including without limitation, the making of applications to the Superior Court (including without limitation, Section 48-13 of the Statutes), to obtain access to each parcel of Acquisition Property for the making of all such inspections, and to have a Remedial Cost Estimate prepared, prior to the filing of a Statement of Compensation with respect to such parcel by the Agency.

  • With respect to any Condemned Parcel where the Parcel Owner does not accept the Agency’s Parcel Value and files a timely proceeding or appeal, the security will continue to be held until such time as either the Parcel Owner agrees to a settlement or the court makes a final award and, in either case, the Redeveloper pays the amount, if any, by which the Settlement Amount or the Excess Award exceeds the amount of the Deposited Funds deposited with the Statement of Compensation.

  • The Agency will not request that Redeveloper deposit any such funds with respect to any parcel unless the Agency intends to file a Statement of Compensation with respect to such parcel and to deposit such funds with the Clerk of the Court within thirty (30) days after its receipt of such funds.

  • The Redeveloper shall deposit into the Project Operating Account from time to time, and in any event prior to the time that the Agency files a Statement of Compensation with respect to each such parcel, the compensation amounts for parcels of Acquisition Property established by the Agency pursuant to Section 7.3(D) hereof.

  • Redeveloper will deposit into the Project Operating Account from time to time within thirty (30) days after the request of the Agency such funds as are required to enable the Agency to make the deposit required by Section 8-130 of the Statutes to be made upon the filing by the Agency of a Statement of Compensation with respect to any party of Acquisition Property to be acquired by eminent domain in accordance with this Agreement.