Acceptance of Special Assessment Sample Clauses

Acceptance of Special Assessment. Subject to the Waiver, Xxxxxxxxx agrees that the amount up to $743,190.17 (hereinafter referred to as the “Special Assessment”) may be levied by City against the Property as provided below, without Developer's objection, after construction of the Petition Items is commenced, in accordance with Minn. Stat. Ch. 429 and that City may recover its actual costs and expenses, including, but not limited to, legal, fiscal, and engineering. If not paid sooner, the Special Assessment shall be payable in equal yearly installments together with interest thereon at 5.25% per annum over a period of five (5) years.
Sample 1
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Acceptance of Special Assessment. Developer agrees that Special Assessment for such Petition Items may be levied by City as provided below, without Developer's objection, after construction is commenced, in accordance with Minn. Stat. Ch. 429 and that City may recover its actual costs and expenses, including, but not limited to, legal, fiscal, and engineering. If not paid sooner, said Special Assessment shall be payable in equal yearly installments together with interest thereon at 5.25% per annum over a period of twenty (20) years.
Sample 1
Acceptance of Special Assessment. Sponsors agree that the Special Assessment for such Petition Items may be levied by City, without Sponsors’ objection, after construction is commenced, in accordance with Minn. Stat. Ch. 429 and that the Special Assessment includes sufficient funds to permit the City to recover its actual costs and expenses, including, but not limited to, legal, fiscal, and engineering.
Sample 1
Acceptance of Special Assessment. Developer agrees that Special Assessments may be levied by City against the Property as provided below, without Developer’s objection, after construction is commenced, in accordance with Minn. Stat. Ch. 429 and that City may recover its actual costs and expenses, including, but not limited to, legal, fiscal, and engineering. Pursuant to Exhibit 2, the per unit cost for the Detached Homes is $77,593.17. The Final Plat contains 25 Detached Homes. As such, $1,939,829.14 shall be allocated on the Detached Homes lots at $77,593.17 per unit. If not sooner paid, the Special Assessments shall be payable in equal installments together with interest thereon at 5.25% per annum over a period of five (5) years.
Sample 1

Related to Acceptance of Special Assessment

  • Acceptance of Agreement This Agreement shall not be considered accepted, approved or otherwise effective until the statutorily required approvals and certifications have been given.

  • Special Assessments Sellers shall pay all special assessments which are a lien on the Real Estate as of the date of this contract. All other special assessments shall be paid by Xxxxxx.

  • Acceptance of Deliverables The State’s Project Manager shall be responsible for the sign-off acceptance of all Deliverables required and performed/submitted pursuant to this Agreement. Upon successful completion of a Deliverable, Contractor shall provide the State’s Project Manager with a completed Acceptance and Signoff Form (Exhibit E). The State’s Project Manager will apply the standards established in Exhibit D and the acceptance criteria set forth in subparagraph B of this article, as appropriate, to determine the acceptability of the Deliverable provided by Contractor. If the State’s Project Manager rejects the Deliverable, the parties agree to any dispute(s) resulting from such rejection(s) will be resolved as set forth in this article. Acceptance Criteria for Deliverables (“Criteria”) provided by Contractor pursuant to this Agreement include: Timeliness: The Work was provided on time; according to schedule; Completeness: The Deliverable contained all of the, Data, Materials, and features required by the Agreement; and Technical accuracy: The Deliverable complied with the standards of this Agreement, or, if this Agreement lacks a standard for provision of the Work, the currently generally accepted industry standard. Contractor shall provide the Deliverable to the State, in accordance with direction from the Project Manager and as provided for in Exhibit D. The State shall accept the Deliverable, provided that Contractor has delivered the Deliverable in accordance with the Criteria. The State’s Project Manager shall assign the Acceptance and Signoff Form to notify Contractor of the Deliverable’s acceptability. If the State rejects the Deliverable provided, the State’s Project Manager shall submit to Contractor’s Project Manager a written rejection describing in detail the failure of the Deliverable as measured against the Criteria. If the State rejects the Deliverable, then Contractor shall have a period of ten (10) Business Days from receipt of the Notice of rejection to correct the stated failure(s) to conform to the Criteria.

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