City Builds; Master Redeveloper Reimburses City via Special Assessments Sample Clauses

City Builds; Master Redeveloper Reimburses City via Special Assessments. (i) The Master Redeveloper may opt to finance all or a portion of the Public Infrastructure Improvements which the City constructs by agreeing to be subject to Special Assessments consistent with Minnesota Statutes, Chapter 429, for actual costs of the Public Infrastructure Improvements. The Master Redeveloper must notify the City of its option with regard to how the Public Infrastructure Improvements will be financed no later than the time of delivery of a Go-Ahead Letter for the first Element of each Phase. (ii) If the Master Redeveloper elects to be subject to Special Assessments, the Master Redeveloper must agree to petition for Special Assessments, agrees that the land in the Project Area will be subject to Special Assessments for actual Public Infrastructure Improvements, and must agree to waive protest rights for all land within the Project Area for Special Assessments. If the Public Infrastructure Improvements are financed with Special Assessments, then the City will construct the Public Infrastructure Improvements or relevant portion thereof. The City will satisfy any statutory public bidding requirements and all terms of the Special Assessments will be consistent with normal City practices and policies. (iii) If the Master Redeveloper elects to be subject to Special Assessments, the City will issue general obligation special assessment bonds consistent with normal City policies if the City determines that the land value in the Project Area is greater than the amount to be specially assessed against the Project Area plus the cost of issuing bonds. If the City determines, in its sole discretion, the value of the land does not exceed the amount to be specially assessed, then the City may require other security.
Sample 1
AutoNDA by SimpleDocs

Related to City Builds; Master Redeveloper Reimburses City via Special Assessments

  • Project or Building Name and Signage Landlord shall have the right at any time to change the name of the Project or Building and to install, affix and maintain any and all signs on the exterior and on the interior of the Project or Building as Landlord may, in Landlord’s sole discretion, desire. Tenant shall not use the name of the Project or Building or use pictures or illustrations of the Project or Building in advertising or other publicity or for any purpose other than as the address of the business to be conducted by Tenant in the Premises, without the prior written consent of Landlord.

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • PREVAILING WAGE RATES - PUBLIC WORKS AND BUILDING SERVICES CONTRACTS If any portion of work being Bid is subject to the prevailing wage rate provisions of the Labor Law, the following shall apply:

  • Information Systems Acquisition Development and Maintenance a. Client Data – Client Data will only be used by State Street for the purposes specified in this Agreement.

  • Cost Responsibility for Interconnection Facilities and Distribution Upgrades 4.1 Interconnection Facilities 4.2 Distribution Upgrades

  • MAINTENANCE OF THE SAID BUILDING / APARTMENT / PROJECT The Promoter shall be responsible to provide and maintain essential services in the Project till the taking over of the maintenance of the project by the association of the allottees. The cost of such maintenance has been included in the Total Price of the [Apartment/Plot].

  • FUND TRANSFER FACILITIES VIA TBS The Account Holder may apply, in accordance with the Bank’s prescribed procedure then prevailing and the Bank may, in its reasonable discretion, permit the Account Holder to operate such fund transfer facilities via the TBS, including without limitation, GIRO or direct debit banking system as may be made available by the Bank from time to time. The Account Holder acknowledges that the operation of such fund transfer facilities shall be subject to the relevant terms and conditions governing such facilities.

  • Construction Phase Services 3.1.1 – Basic Construction Services

  • Personnel, Office Space, and Facilities of Manager The Manager at its own expense shall furnish or provide and pay the cost of such office space, office equipment, office personnel, and office services as the Manager requires in the performance of its investment advisory and other obligations under this Agreement.

  • RIGHT OF ALLOTTEE TO USE COMMON AREAS AND FACILITIES SUBJECT TO PAYMENT OF TOTAL MAINTENANCE CHARGES The Allottee hereby agrees to purchase the [Apartment/Plot] on the specific understanding that is/her right to the use of Common Areas shall be subject to timely payment of total maintenance charges, as determined and thereafter billed by the maintenance agency appointed or the association of allottees (or the maintenance agency appointed by it) and performance by the Allottee of all his/her obligations in respect of the terms and conditions specified by the maintenance agency or the association of allottees from time to time.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!