Land Sales. Mission Bay Santa Fe Depot Gross land sales revenue Deposits applied toward closings Deposits received from buyers Closing costs Additional Closing Costs Net land sales revenue Infrastructure intrerest carry Mission Bay interim land NOI Mission Bay NOC bond proceeds & reimbursements Mission Bay SOC bond proceeds & reimbursements Total sources of funds Source of uses Capital expenditures: Mission Bay NOC Mission Bay SOC (including CFD pymts) SF Depot Property taxes Earnout Management fees Mission Bay CFD and G&A reimbursement Land Holding Costs/Lease Buyout Costs Total source of uses Net sources and uses Revenues - MB Xxxx Xxxxx Land Revenues Back Out: ARE Earn-Out Net Land Sales for Release Payments Other MB Revenues for Release Payments Total For Release Release Available Release% before & after Westbluffs FINAL CATELLUS DEVELOPMENT CORPORATION CUG CASH FLOW PROJECTION Nov 2004 thru 2018 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Source of funds Revenue:
Land Sales. 15.1 Subject to the following provisions of this Clause 15, the Developer shall not be permitted to dispose of any Plot (in whole or part) except by way of any or all of the following means:
Land Sales. Lessee acknowledges that during the term of the Lease Weyerhaeuser may, without notice to Lessee, sell or convey to a third party all or part of the Leased Property. Xxxxxx agrees that in the event of such sale or conveyance the Lease shall immediately terminate unless Weyerhaeuser, at its option, elects to assign the Lease to the new owner of the Leased Property. Should Weyerhaeuser elect not to assign the Lease and it terminates pursuant to the provisions of this paragraph, Weyerhaeuser shall return to Lessee a prorated amount of the consideration paid. If Weyerhaeuser terminates this Lease pursuant to Subsections 26(a) or 26(b) above then the following refunds will apply:
Land Sales. Mission Bay Santa Fe Depot Gross land sales revenue Deposits applied toward closings Deposits received from buyers Closing costs Additional Closing Costs Net land sales revenue Infrastructure intrerest carry Mission Bay interim land NOI Mission Bay NOC bond proceeds & reimbursements Mission Bay SOC bond proceeds & reimbursements Total sources of funds Source of uses Capital expenditures: Mission Bay NOC Mission Bay SOC (including CFD pymts) SF Depot Property taxes Earnout Management fees Mission Bay CFD and G&A reimbursement Land Holding Costs/Lease Buyout Costs Total source of uses Net sources and uses Revenues - MB Xxxx Xxxxx Land Revenues Back Out: ARE Earn-Out Net Land Sales for Release Payments Other MB Revenues for Release Payments Total For Release Release Available Release % before & after Westbluffs EXHIBIT “B-2” PROJECT BUDGET (ALAMEDA [BAYPORT]) Catellus Development Corporation Alameda Cash Flow CDX Perspective 10/14/2004 THE FIGURES IN THIS TABLE HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT Total 2001 2002 1Q 3Q 4Q 2003 1Q 3Q 4Q 2004 1Q 2Q 3Q Oct Nov Dec 2005 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Sources a Initial base block value distribution Additional Xxxxxxxxxx reimb. a Adjust base block value (B & C) a Deposit allocation a JV revenue c Catellus profit distribution a Xxxxxxxxxx note interest (prime + ***) b Predevelopment loan repay & interest (1) (2) b G&A and fees b ARRA and BWIP Bonds (related to backbone work) b Maintenance credit & homebuilding pref return EX-SUM b Shortfall loan repay & interest (3) c City profit participation (repay shortfall loan) Uses a Closing costs (*** of land acquisition price from city) b Predevelopment funding (1) below Residential uses (backbone) a Land improvements (intract) b Land acquisitions from city calc Net to city (shortfall surplus) Transfer school fee/pond costs Net cash flow Cumulative cash flow Add back expensed G&A a Cap property tax a Cap Interest (land) a Cap G&A Net income Calc net surplus/(deficit) to City b Shortfall funding b Shortfall interest b Shortfall repay & interest c City profit participation Net to city Catellus residential uses (backbone) b Total uses b add back G&A and fees estimate less G&A only
Land Sales. (whether or not improved): Commissions are due at the time of sale on the condition of closing, and such disbursement shall be made through the title company.
Land Sales. 4.3.1 The Lessee shall during the term of this Lease co-operate with and take reasonable steps to assist the Lessor in the Lessor’s land sales with the objective of achieving an optimum return from such sales, consistent with the rights of the Lessee under this Lease or the Licence. In addition but subject to the Lessee’s consent, which shall not be unreasonably withheld or delayed, and to the requirements of the Lessee pursuant to Clause 4.3.2, the Lessee shall:
Land Sales. All HLB land sales shall be awarded competitively for no less than the fair market appraised value of the land plus costs and a $500 administration fee. Land sales shall be awarded to the highest qualified bidder through a procedure determined by HLB to be the most appropriate for a given sale. Details for this process shall be provided in advance in the bidding instructions. In the case of identical highest qualified bids, the HLB shall obtain a best and final offer from among the highest identical qualified bids (AMC § 25.40.025D).
Land Sales. All proposed HLB land sales occur by a competitive bid process as described in AMC § 25.40.025D for at least the appraised fair market value of the land. An application to purchase HLB land grants the applicant no right of preference or other priority.
Land Sales. As of the Closing Date, the Land Sale Contracts are in full force and effect (although subject to the conditions precedent set forth therein) and, to the best knowledge of Borrower, there is no material impediment to the consummation of the transactions contemplated to occur thereunder.
Land Sales. Key features: • If no development/services obligations, generally no EU procurement required • Section 123 Local Government Act 1972 • Sale of Land guidelines – March 2016 • No development obligations • Buyback rights / overage xxx.xxxxxxxxxx.xx.xx Contractual engagement with Development Partner Collateral Warranties Architect Professional Building Contractor Employers Agent Appointments The Council Buyer / Developer Subcontractor Misc. Subcontractor Geotechnical Other Professionals Subcontractor Roofing Development Agreement Building Contract Subcontractor Flooring M&E Engineer Collateral Warranties xxx.xxxxxxxxxx.xx.xx Subcontracts Contractual engagement with Development Partner Key features: • Procurement required (EU Procurement, if over EU threshold – currently £4,101,394 • Access to developer expertise/resource and its funder(s) xxx.xxxxxxxxxx.xx.xx Contractual engagement with Development Partner • Following conditions can be incorporated: • Availability of development & planning funding • If public funding used, stage payments against outputs • Deferred grant of land interest • Step in/ termination rights • Development programme/milestones • Development approval rights • Balancing funders requirements xxx.xxxxxxxxxx.xx.xx Contractual Joint Venture Investor Funding Return on investment & profit share JV agreement Contractual /Collaborations The Council Land Land Value & Profit Share Procurement of development and services Land Land Land Land Sale Proceeds xxx.xxxxxxxxxx.xx.xx Contractual Joint Venture • Key features: • Risk sharing between the partners • Retention of influence and control • Private funding may be easier • EU procurement may not be required if JV private sector party is providing funding • Retention of land initially xxx.xxxxxxxxxx.xx.xx Corporate JV JV agreement Shareholders’ Agreement or Partnership Agreement HM Treasury Public Sector Participant A Private Sector Participant B Assets Subsidiary Contracts e.g. IP Secondment & service agreements Land leasehold or freehold interests Working capital & cash JV Entity Company Memorandum and Articles of Association LLP IncorporateDocument or LP Partnership Agreement Consultation documents lodged at Companies House Subsidiary Contracts e.g. Property consents Assets /buildings IP Loan note/stock instrum ent Secondment & service agreements Guarantees Distribution & marketing Subsidariary entitiy e.g. for investment of development Is this a LA ‘controlled company ’? I...
