Capital Renewal definition

Capital Renewal means component or infrastructure projects that are necessary for maintenance and continued functionality of academic buildings that are not capital construction and cannot be funded solely with major maintenance funds.
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Capital Renewal means renewal of a capital project for which an improvement is necessary to ensure the physical integrity of a facility, fixed equipment, or an existing physical improvement. It does not include preventive, routine, or operational maintenance projects related to aesthetics, daily upkeep, maintenance of surrounding grounds, or road maintenance (with the exception of park or recreation area road maintenance projects identified in the Governor’s operating or capital budgets).
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Capital Renewal means a controlled maintenance project of real property or more than one integrated controlled maintenance projects of real property with costs exceeding two million dollars in a fiscal year and that is more cost effective or better addressed by corrective repairs or replacement to the real property rather than by limited fixed equipment repair, replacement, or smaller individual controlled maintenance projects.
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Examples of Capital Renewal in a sentence

  • The table below reflects recommended Capital Renewal funding needs over the next 10 years.

  • Please note that all Capital Renewal Supplemental Requests must be submitted directly to the Office of the State Architect (OSA) with copies to CDHE.

  • All students residing within a particular attendance area shall attend that school unless the student receives a reassignment due to hardship or special circumstances is placed elsewhere to meet the requirements of an Individual Education Plan (IEP). is placed administratively into an alternative program; or receives an assignment through one of the choice processes.

  • The Capital Renewal Fund is funded primarily by transfers from the Sales Tax Funds.

  • The Capital Renewal Fund is to be used for the replacement of major school building systems and components that are needed to preserve the efficient operation of school facilities.

  • The accompanying financial statements present only the activities of the Sales Tax Capital Projects Funds (Sales Tax Funds) and Capital Renewal Capital Projects Fund (Capital Renewal Fund) of the District (collectively referred to as the Funds) and were prepared for the purpose of demonstrating compliance with School Board Resolution No. 05/02/02 NC-1 and School Board Resolution No. 2014-06-10.

  • Monitor universities’ implementation of the Capital Renewal Initiative and develop a clear advocacy strategy for state investment in facilities.

  • Capital Renewal requests have costs normally exceeding $2.0 million in a fiscal year and include projects that that are more cost-effective or better addressed by corrective repairs.

  • Capital Renewal requests are classified and prioritized as capital budget requests.

  • This index gives the University a comparison within all buildings for identifying worst case / best case building conditions.Deferred Maintenance / Modernization + FCNI = Capital Renewal + Plant AdaptionPlant / Facility Replacement Cost Section 3: Specific Project Details Illustrating Description / Cost Section 4: Drawings with IconographyThe drawings for this facility are marked with ICONS (see legend), denoting the specific location(s) for each project.


More Definitions of Capital Renewal

Capital Renewal means renewal of a capital project for which an improvement is necessary to ensure the physical integrity of a facility, fixed equipment, or an existing physical improvement. It does not include preventive, routine, or operational maintenance projects related to aesthetics, daily upkeep, maintenance of surrounding grounds, or road
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Capital Renewal means to repair, replace, or modernize basic infrastructure assets along a corridor section that is executed in accordance with a defined scope, schedule, and budget. Basic infrastructure assets include rails, ties, ballast, communication systems, signaling systems, electric traction power systems, and undergrade bridges.
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Related to Capital Renewal

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Additional Rent means all sums of money, other than Base Rent, that shall become due from and payable by Tenant pursuant to this Lease.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;