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Fixed Assessment Sample Clauses

Fixed Assessment. During the Fixed Assessment Period, the Town shall fix the assessment of improvements and buildings on the Property as follows:
Sample 1
Fixed Assessment. Following the Closing, Developer shall demolish the current building located at the Premises in accordance with the Option Agreement. During the Fixed Assessment Period, the Town shall fix the assessment of improvements and buildings under construction in connection with Phase I of the Project such that all real property taxes otherwise payable in connection with such buildings or improvements under construction shall be abated during said Fixed Assessment Period. This Agreement shall not fix or affect the assessment, collection or levy of taxes applicable to any building or improvement constructed which is not part of the Project.
Sample 1
Fixed Assessment. Following the Closing, Developer shall rehabilitate the current building located at the Premises in accordance with the conceptual plan approved by the Town Council. During the Fixed Assessment Period, the Town shall fix the assessment of improvements and buildings under construction, but not the land, in connection with only Phase I of the Project such that all real property taxes otherwise payable in connection with such buildings or improvements under construction during said Phase 1 shall be abated during said Fixed Assessment Period. Notwithstanding anything in this Agreement to the contrary, this Agreement shall not fix or affect the assessment, collection or levy of taxes applicable to: (a) land; or (b) any building or improvement constructed on the Premises which is not part of Phase I of the Project.
Sample 1
Fixed Assessment. The Property will receive a fixed assessment for 10 years from October 1 after the date the Period of Development ends for each of them (the “Fixed Assessment”). To determine the Fixed Assessment over those 10 years, a percentage of the Interim Assessment will be added to the Base Assessment according to the following chart: Year Base Assessment Interim Assessment % of Interim Assessment added to Base Assessment Fixed Assessment 1 $580,000 $20,000,000 0% $580,000 2 $580,000 $20,000,000 0% $580,000 3 $580,000 $20,000,000 0% $580,000 4 $580,000 $20,000,000 0% $580,000 5 $580,000 $20,000,000 0% $580,000 6 $580,000 $20,000,000 5% ($1,000,000) $1,580,000 7 $580,000 $20,000,000 5% ($1,000,000) $1,580,000 8 $580,000 $20,000,000 10% ($2,000,000) $2,580,000 9 $580,000 $20,000,000 15% ($3,000,000) $3,580,000 10 $580,000 $20,000,000 20% ($4,000,000) $4,580,000 E. Authorization. The Mayor is authorized to effectuate the Agreement, in accordance with C.G.S. § 12-65b and Ord. § 272-9, upon review and approval by the Office of the General Counsel as to content and form.
Sample 1
Fixed Assessment. The Property will receive a fixed assessment for 10 years from the October 1 after the date the Period of Development ends for each of them (the “Fixed Assessment”). To determine the Fixed Assessment over those 10 years, a percentage of the Interim Assessment will be added to the Base Assessment according to the following chart: Year Base Assessment Interim Assessment % of Interim Assessment added to Base Assessment Fixed Assessment 1 $420,000 $14,500,000 0% $420,000 2 $420,000 $14,500,000 0% $420,000 3 $420,000 $14,500,000 0% $420,000 4 $420,000 $14,500,000 0% $420,000 5 $420,000 $14,500,000 0% $420,000 6 $420,000 $14,500,000 5% ($1,000,000) $1,420,000 7 $420,000 $14,500,000 5% ($1,000,000) $1,420,000 8 $420,000 $14,500,000 10% ($2,000,000) $2,420,000 9 $420,000 $14,500,000 15% ($3,000,000) $3,420,000 10 $420,000 $14,500,000 20% ($4,000,000) $4,420,000 E. Authorization. The Mayor is authorized to effectuate the Agreement, in accordance with C.G.S. § 12-65b and Ord. § 272-9, upon review and approval by the Office of the General Counsel as to content and form.
Sample 1
Fixed Assessment. For the period of ten (10) years (which shall commence as described in Paragraph 4 below), the total fixed assessment of the Property and all improvements shall be as follows: 1-10 $2,054,915.00 If said improvements are not made to the Property, the Town shall have no obligation to provide any tax assessment relief.
Sample 1
Fixed Assessment. From the date the Period of Development begins and for 10 years following it, the Properties will receive a “Fixed Assessment.” To determine the Fixed Assessment over those 10 years, a percentage of the Interim Assessed Value will be added to the Base Assessment according to the following chart: Year Base Assessment Interim Assessment % of Interim Assessment added to Base Assessment Fixed Assessment 1 $570,980 N/A N/A $570,980 2 $570,980 N/A N/A $570,980 3 $570,980 $17,900,000 10% ($1,790,000) $2,360,980 4 $570,980 $17,900,000 15% ($2,685,000) $3,255,980 5 $570,980 $17,900,000 30% ($5,370,000) $5,940,980 6 $570,980 $17,900,000 30% ($5,370,000) $5,940,980 7 $570,980 $17,900,000 50% ($8,950,000) $9,520,980 8 $570,980 $17,900,000 75% ($13,425,000) $13,995,980 9 $570,980 $17,900,000 85% ($15,215,000) $15,785,980 10 $570,980 $17,900,000 85% ($15,215,000) $15,785,980 E. Authorization. The Mayor is authorized to effectuate the Agreement, in accordance with C.G.S. § 12-65b and Ord. § 272-9, upon review and approval by the Office of the General Counsel as to content and form.
Sample 1

Related to Fixed Assessment

  • Risk Assessment An assessment of any risks inherent in the work requirements and actions to mitigate these risks.

  • Security Assessment If Accenture reasonably determines, or in good faith believes, that Supplier’s security practices or procedures do not meet Supplier’s obligations under the Agreement, then Accenture will notify Supplier of the deficiencies. Supplier will without unreasonable delay: (i) correct such deficiencies at its own expense; (ii) permit Accenture, or its duly authorized representatives, to assess Supplier’s security-related activities that are relevant to the Agreement; and (iii) timely complete a security questionnaire from Accenture on a periodic basis upon Accenture’s request. Security issues identified by Accenture will be assigned risk ratings and an agreed-to timeframe to remediate. Supplier will remediate all the security issues identified within the agreed to timeframes. Upon Supplier’s failure to remediate any high or medium rated security issues within the stated timeframes, Accenture may terminate the Agreement in accordance with Section 8 above.

  • Needs Assessment 1. The Contractor shall conduct a cultural and linguistic group-needs assessment of the eligible client population in the Contractor’s service area to assess the language needs of the population and determine what reasonable steps are necessary to ensure meaningful access to services and activities to eligible individuals. [22 CCR 98310, 98314] The group-needs assessment shall take into account the following four (4) factors: a. Number or proportion of persons with Limited English Proficiency (LEP) eligible to be served or encountered by the program. b. Frequency with which LEP individuals come in contact with the program. c. Nature and importance of the services provided. d. Local or frequently used resources available to the Contractor. This group-needs assessment will serve as the basis for the Contractor’s determination of “reasonable steps” and provide documentary evidence of compliance with Cal. Gov. Code § 11135 et seq.; 2 CCR 11140, 2 CCR 11200 et seq., and 22 CCR98300 et seq. 2. The Contractor shall prepare and make available a report of the findings of the group-needs assessment that summarizes: a. Methodologies used. b. The linguistic and cultural needs of non-English speaking or LEP groups. c. Services proposed to address the needs identified and a timeline for implementation. [22 CCR 98310] 3. The Contractor shall maintain a record of the group-needs assessment on file at the Contractor’s headquarters at all times during the term of this Agreement. [22 CCR 98310, 98313]

  • Environmental Assessment Buyer shall have the right for a period commencing upon execution of this Agreement by both parties and ending on November 28, 2012, to conduct an environmental assessment of the Assets, at Buyer’s sole risk, liability and expense. Seller shall make available to Buyer, during the environmental assessment period described above, Seller’s historical files regarding prior operations on the Assets, and provide Buyer and its representatives with reasonable access to the Assets to conduct the environmental assessment. Buyer shall provide Seller three (3) days prior written notice of a desired date(s) for such assessment and Seller shall have the right to be present during any assessment and, if any testing is conducted pursuant to Seller’s express prior written consent, Seller may require splitting of all samples. Notwithstanding any other provision of this Agreement to the contrary, Buyer shall not have the right to drill any test, monitor or other xxxxx or to extract samples of any air, soil, water or other substance from the Assets without Seller’s express prior written consent. If Buyer proposes a reasonable request to drill a test well or extract a sample pursuant to a systematic and customary procedure for the assessment of the environmental condition of the Assets and Seller refuses to grant its consent to such a well or sampling, then Buyer shall have the right, for a period of seventy-two (72) hours following notification of Seller’s refusal to consent, to deliver written notice to Seller of Buyer’s election to exclude from this transaction the portion of the Assets affected by such proposed test well or sample, and the Purchase Price shall be adjusted accordingly by the Allocated Value of such portion of the Assets so excluded. Under no circumstances whatsoever shall Seller ever be obligated to grant its consent to any such test xxxxx or sampling proposed by Buyer, and Buyer’s sole and exclusive remedy for any refusal by Seller to grant its consent shall be the limited right contained in the preceding sentence to exclude the affected Assets from the transactions contemplated by this Agreement. If Buyer fails to exercise the right to exclude such Assets by written notice to Seller delivered prior to the expiration of the seventy-two hour period described above, then Buyer shall be conclusively deemed to have waived such right and shall be obligated to purchase the affected Assets without conducting such testing or sampling or any adjustment of the Purchase Price unless otherwise provided in this Agreement.

  • Joint Assessment If the Premises are not separately assessed, Lessee's liability shall be an equitable proportion of the Real Property Taxes for all of the land and improvements included within the tax parcel assessed, such proportion to be conclusively determined by Lessor from the respective valuations assigned in the assessor's work sheets or such other information as may be reasonably available.

  • Periodic Risk Assessment Provider further acknowledges and agrees to conduct periodic risk assessments and remediate any identified security and privacy vulnerabilities in a timely manner.

  • Risk Assessments a. Risk Assessment - DST shall, at least annually, perform risk assessments that are designed to identify material threats (both internal and external) against Fund Data, the likelihood of those threats Schedule 10.2 p.2 occurring and the impact of those threats upon DST organization to evaluate and analyze the appropriate level of information security safeguards (“Risk Assessments”). b. Risk Mitigation - DST shall use commercially reasonable efforts to manage, control and remediate threats identified in the Risk Assessments that it believes are likely to result in material unauthorized access, copying, use, processing, disclosure, alteration, transfer, loss or destruction of Fund Data, consistent with the Objective, and commensurate with the sensitivity of the Fund Data and the complexity and scope of the activities of DST pursuant to the Agreement. c. Security Controls Testing - DST shall, on approximately an annual basis, engage an independent external party to conduct a review (including information security) of DST’s systems that are related to the provision of services. DST shall have a process to review and evaluate high risk findings resulting from this testing.

  • Performance Assessment 6.1 The Performance Plan (Annexure A) to this Agreement sets out key performance indicators and competencies that needs to be evaluated in terms of – 6.1.1 The standards and procedures for evaluating the Employee’s performance; and 6.1.2 During the intervals for the evaluation of the Employee’s performance. 6.2 Despite the establishment of agreed intervals for evaluation, the Employer may in addition review the Employee’s performance at any stage while the contract of employment remains in force; 6.3 Personal growth and development needs identified during any performance review discussion must be documented in a Personal Development Plan as well as the actions agreed to and implementation must take place within set time frames; 6.4 The Employee’s performance will also be measured in terms of contributions to the goals and strategies set out in the Employer’s Integrated Development Plan (IDP) as described in 6.6 – 6.13 below; 6.5 The Employee will submit quarterly performance reports (SDBIP) and a comprehensive annual performance report at least one week prior to the performance assessment meetings to the Evaluation Panel Chairperson for distribution to the panel members for preparation purposes; 6.6 Assessment of the achievement of results as outlined in the performance plan: 6.6.1 Each KPI or group of KPIs shall be assessed according to the extent to which the specified standards or performance targets have been met (qualitative and quantitative) and with due regard to ad-hoc tasks that had to be performed under the KPI; 6.6.2 A rating on the five-point scale described in 6.9 below shall be provided for each KPI or group of KPIs which will then be multiplied by the weighting to calculate the final score; 6.6.3 The Employee will submit his self-evaluation to the Employer prior to the formal assessment; 6.6.4 In the instance where the employee could not perform due to reasons outside the control of the employer and employee, the KPI will not be considered during the evaluation. The employee should provide sufficient evidence in such instances; and 6.6.5 An overall score will be calculated based on the total of the individual scores calculated above.

  • Loss Assessment We will pay up to $1000 for your share of loss assessment charged during the policy period against you by a corporation or as- sociation of property owners, when the assess- ment is made as a result of:

  • Environmental Assessments Foreclose on or take a deed or title to any commercial real estate without first conducting a Phase I environmental assessment of the property or foreclose on any commercial real estate if such environmental assessment indicates the presence of a Hazardous Substance in amounts which, if such foreclosure were to occur, would be material.

Most Referenced Clauses

Most Referenced Definitions