Examples of South Project Area in a sentence
South Project Area Lots 70, 72, 74, 76, 78, 80, 82, 84, 86, 88, 90, and 00 Xxx Xxxxxxxxx Xxxxxx, Xxxx of Xxxxxxxx, Xxxxxxx County, Kansas, and adjacent right-of-way of alley to the east, adjacent right-of-way of 0xx Xxxxxx to the north, extending approximately 100 feet west from the 0xx xxx Xxx Xxxxxxxxx Xxxxxx intersection, and adjacent right-of-way of New Hampshire Street to the west, extending south from 0xx Xxxxxx through the 00xx Xxxxxx intersection.
Once the City has received its $850,000 and South Project Developer has been reimbursed to the South Project Cap, then Developer shall receive TDD Revenues generated from the South Project Area to pay TDD Costs in the North Project Area, subject to the TDD Cap.
TO: City of Lawrence, Kansas Attention: City Manager Re: Ninth & New Hampshire Redevelopment District – South Project Area Terms not otherwise defined herein shall have the meaning ascribed to such terms in the Ninth & New Hampshire Tax Increment Financing District Development Agreement for the South Project Area dated as of October , 2012 (the “Agreement”) between the City and the Developer.
The Developer shall prepare and submit a Site Plan for the South Project Area to the City for review and approval pursuant to the City Code.
The parties hereby understand and agree that CID #2 shall not be collected on the North Project Area or the South Project Area.
The Developer represents and warrants that the South Project Area is sufficient to construct the Hotel Project as contemplated in the South Project Plan and this Agreement.
For purposes hereof, the term “Base Year Value” means the aggregate assessed value of property within the South Project Area on the assessment roll last equalized prior to the effective date of the ordinance adopting the Redevelopment Plan, and the term “last equalized” has the meaning set forth in Section 2052 of the California Revenue and Taxation Code.
Buyer and Seller each hereby agrees not to request an adjustment to the “Base Year Value” for the South Project Area as a result of any Transfer permitted under this Agreement to any entity for a Tax Exempt Use.
If there is a conflict between the provisions of the Master Agreement and the provisions of Pentagon South Redevelopment Agreement with respect to the South Project Area, the provisions of the Pentagon South Redevelopment Agreement shall control.
Buyer acknowledges that the Land is part of the South Project Area, and acknowledges that if construction of the Project is not commenced and completed with reasonable diligence, or if there is a material delay in its commencement and completion, such an event or delay may have a material adverse effect on the timely development of other portions of the South Project Area.