Surplus Value definition

Surplus Value means the value of the Developer’s provision under a Planning Agreement less the sum of the value of public works required to be carried out by the Developer under a condition imposed under s4.17 of the Act and the value of Development Contributions that are or could have been required to be made under s7.11 or s7.12 of the EPA Act in respect of the development the subject of the Planning Agreement.
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Surplus Value means the value for Settlement purposes of each Eligible Property (other than Severed Mineral Rights) in excess of the Property Tax Obligations associated with such Eligible Property, as determined in accordance with the Plan of Allocation. The
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Surplus Value means the value for Settlement purposes of each Eligible Property (other than Severed Mineral Rights) in excess of the Property Tax Obligations associated with such Eligible Property, as determined in accordance with the Plan of Allocation. The Surplus Value for Severed Mineral Rights shall be $300 per Parcel and shall not be reduced by any associated Property Tax Obligations.
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Examples of Surplus Value in a sentence

  • These contributions apply if the proposed Planning Agreement is not considered to provide the equivalent Public Benefit or are not considered to produce a Surplus Value.

  • Delete this clause if not required] If the Council proposes to impose a condition under s94 of the Act in respect of any future development proposed to be carried out by the Developer within the Council’s area, the Council may, to the extent permitted by law, take into consideration whether an allowance should be made for the Surplus Value (if any) in determining the extent of the Developer’s obligation to make a Development Contribution under such a condition.

  • Delete this clause if not required.] The Council is to pay to the Developer the Surplus Value when: all notices have been given under clause 14.3 in relation to all Works, and it has received payments of monetary Development Contributions towards the cost of all Works from persons other than the Developer totalling the amount of the Surplus Value.

  • Council will not consider providing any additional credit or refunds for any contributions considered to have a Surplus Value when compared to what could have been attained under the conditions of development consent.

  • Surplus Value Surplus value means the value of the Developer’s provision under a Planning Agreement less the sum of the value of public works required to be carried out by the Developer under a condition imposed under Section 4.17 (1) of the EP&A Act and the value of Development Contributions that are or could have been required to be made under Section 7.11 or Section 7.12 of the EP&A Act in respect of the development the subject of the Planning Agreement.


More Definitions of Surplus Value

Surplus Value means the $ amount (if any) by which the Agreed Value of the Embellished Hilltop Park Dedication Land exceeds the amount of monetary Development Contributions that have been offset under clause 12.1.
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Surplus Value means the amount by which the sum of all Contribution Values exceeds the value of the Monetary Contributions [Drafting note. Delete this definition if not required].
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