Underutilized definition

Underutilized means an entire property or portion thereof, with or without improvements, which is used—

Underutilized means, as of the date of application, real property on which no more than fifty percent of the permissible floor area of the building or buildings is certified by the applicant to have been used under the applicable base zoning for at least three years prior to the application, which zoning has been in effect for at least three years; and

Underutilized means that there is a high level of tenant turnover within the last 3 years, identified by at least 3 different business licenses registered to an address for three separate businesses within the 3 year timespan.

Examples of Underutilized in a sentence

• NO Historically Underutilized Business (HUB) Some participating public entities are required to seek Historically Underutilized Business (HUB) vendors as defined by the Texas Comptroller of Public Accounts Statewide HUB Program.

• NO Yes - No Historically Underutilized Business - HUB (Required by some participating governmental entities) Vendor certifies that their firm is a HUB as defined by the State of Texas at xxxxx://xxxxxxxxxxx.xxxxx.xxx/purchasing/vendor/hub/ or in a HUBZone as defined by the US Small Business Administration at xxxxx://xxx.xxx.xxx/offices/headquarters/ohp Proof of one or both may be submitted.

• In particular, the State encourages participation by Vendors certified by the State Office of Historically Underutilized Businesses, as well as the use of HUB-certified vendors as subcontractors on State contracts.

• No Yes - No Historically Underutilized Business - HUB (Required by some participating governmental entities) Vendor certifies that their firm is a HUB as defined by the State of Texas at xxxxx://xxxxxxxxxxx.xxxxx.xxx/purchasing/vendor/hub/ or in a HUBZone as defined by the US Small Business Administration at xxxxx://xxx.xxx.xxx/offices/headquarters/ohp Proof of one or both may be submitted.

• NO Yes - No Historically Underutilized Business - HUB (Required by some participating governmental entities) Vendor certifies that their firm is a HUB as defined by the State of Texas at xxxxx://xxxxxxxxxxx.xxxxx.xxx/purchasing/vendor/hub/.

More Definitions of Underutilized

Underutilized means, as it relates to real property:

Underutilized means an entire prop- erty or portion thereof, with or with- out improvements which is used only at irregular periods or intermittently by the accountable landholding agency for current program purposes of that agency, or which is used for current program purposes that can be satisfied with only a portion of the property.

Underutilized means an entire property or portion thereof, with or without improvements, which is used only at irregular periods or intermittently by the accountable landholding agency for current program purposes of that agency, or which is used for current program purposes that can be satisfied with only a portion of the property. (41 CFR § 102-75.1160; accord 45 CFR § 12a.1; 24 CFR§ 581.1.)

Underutilized means an entire property or portion thereof, with or without improvements, which is used only at irregular periods or intermittently by the accountable land- holding agency for current program purposes of that agency, or which is used for current program purposes that can be sat- isfied with only a portion of the property.

Underutilized. , in respect of a building, means that one or more of the following applies:

Underutilized means an entire property or portion thereof, with or without improvements, which is used only at irregular periods or intermittently by the

Underutilized means as of the date of application, real property on which no more than fifty percent of the permissible floor area of the building or buildings is certified by the applicant to have been used under the applicable base zoning for at least three years prior to the application, which zoning has been in effect for at least three years’ and (i) the proposed use is at least seventy-fiver percent for industrial uses, or (ii) at which (a) the proposed use is at least seventy-five percent for commercial or commercial and industrial uses, (b) the proposed development could not take place without substantial government assistance, (c) one or more of the following conditions exist – the property tax payment have been in arrears for at least five years immediately prior to the application, or a building is presently condemned or exhibits documented structure deficiencies presenting a public health or safety hazard, or there are no structures. Note substantial government assistance is defined to mean substantial loan, grant, land purchase subsidy, land purchase costs exemption, or tax credit, or some combination thereof, from a governmental entity. See 6 NYCRR §375-3.2(l).