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.
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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  • All resolutions or parts of resolutions in conflict with any of the provisions of this Resolution are hereby repealed.BROWNFIELD REDEVELOPMENT LOAN AGREEMENT This Brownfield Redevelopment Loan Agreement is made on betweenSouthwind Restaurants, LLC, a limited liability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 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.

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

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

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