Fixed Assessment Sample Clauses

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
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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
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: Years Total Fixed Assessment 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. 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. 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. During the Fixed Assessment Period, the Town shall fix the assessment of improvements and buildings on the Property as follows:
Sample 1

Related to Fixed Assessment

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

  • Impact Assessment If Service Provider desires to make any change, upgrade, replacement or addition that may have an adverse impact or require changes as described in Section 9.6(c) or increase the risk of Service Provider not being able to provide the Services in accordance with this Agreement or violate or be inconsistent with DIR Standards or Strategic Plans, then Service Provider shall prepare a written risk assessment and mitigation plan (1) describing in detail the nature and extent of such adverse impact or risk, (2) describing any benefits, savings or risks to DIR or the DIR Customers associated with such change, and (3) proposing strategies to mitigate any adverse risks or impacts associated with such change and, after consultation and agreement with DIR, implement the plan.

  • 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.

  • PROPERTY ASSESSMENT The Buyer and Seller hereby acknowledge that the Province of Ontario has implemented current value assessment and properties may be re-assessed on an annual basis. The Buyer and Seller agree that no claim will be made against the Buyer or Seller, or any Brokerage, Broker or Salesperson, for any changes in property tax as a result of a re-assessment of the property, save and except any property taxes that accrued prior to the completion of this transaction.

  • 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:

  • 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.

  • 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”).

  • Comprehensive Assessment an initial and ongoing part of the member-centered planning process employed by the interdisciplinary team (IDT) to identify the member’s outcomes and the services and supports needed to help support those outcomes. It includes an ongoing process of using the knowledge and expertise of the member and caregivers to collect information about:

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