Minimum Assessed Values Sample Clauses

Minimum Assessed Values. Developer [update all references to Developer as necessary for any successor or assignee] acknowledges that the Public Improvements (exclusive of improvements to the River Street Pump Station described in Exhibit D, paragraph iv, the costs of which shall not be funded by the proceeds of the TIF) to be undertaken by the City of Dover are being financed using tax increment financing (currently authorized at $6,600,000 24,073,204.00), which financing is to be repaid by the City of Dover through the property taxes generated by incremental real property valuation increases in the Dover Waterfront TIF District, which financing includes the City’s incurrence of multiple bond obligations to finance the Public Improvements (exclusive of improvements to the River Street Pump Station described in Exhibit D, paragraph iv) in an amount not to exceed $20,000,000 and benefit the Private Improvements on the Conveyed Land (such bond obligations of the City collectively referred to as the “TIF”). On the closing date for each Parcel (for each Parcel, the “Valuation Date”), such Parcel shall be assigned a minimum guaranteed assessment value, for ad valorem purposes, such that the Parcel (or Parcels, if multiple Parcels comprise a phase) equal the aggregate amount shown in the “Min Assessed” column for the phase shown on Exhibit G attached hereto, which guaranteed minimum assessment value will take effect for each phase in the sequence shown in Exhibit G (irrespective of which Parcel or Parcels comprise the phase) upon the issuance of a final certificate of occupancy for all improvements on the Parcel(s) comprising the phase and, after calendar year 2025 for Phase I, calendar year 2028 for Phase II, and calendar year 2031 for Phase III, irrespective of whether the final certificate of occupancy issues before, on, or after April 1st of any calendar year, Developer hereby irrevocably covenants and agrees that the City of Dover may impose the minimum guaranteed assessment value on the Parcel(s) and commence assessing and invoicing Developer based on the guaranteed minimum assessment as of April 1st in the same calendar year as the final certificate of occupancy equal to an amount not less than the amount necessary to generate an annual tax payment, given the then-existing City’s published overall tax rate, equal to the following: the sum of the actual expense to the City to retire, over a twenty (20) year period beginning on the date that is eighteen (18) months following the iss...
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Related to Minimum Assessed Values

  • MINIMUM ALLOWANCE An employee who is required by his/her Agency/Department Head to use his/her private automobile at least eight days in any month on County business shall not receive less than $10 in that month for the use of his/her automobile.

  • First Aid Allowance An employee who has been trained to render first aid and who is the current holder of appropriate first aid qualifications such as a certificate from the St. John's Ambulance or similar body shall be paid a weekly allowance of $11.50 if appointed by their employer to perform first aid duty.

  • Minimum Reporting Allowance If an employee reports for work at the regularly scheduled time and no work is available such employee will be paid a minimum of four (4) hours pay at her regular rate provided:

  • Cost Share Federal and provincial governments support AgriInsurance programs by paying all administration expenses and sharing premium costs with the Insured.

  • COST OF LIVING ALLOWANCE 29:01 All employees within the Bargaining Unit shall be paid a cost of living allowance based on the cost of living formula as set forth below: The cost of living allowance will be determined in accordance with changes in the Consumer Price Index, published by Statistics Canada (1961 = 100) and hereinafter referred to as the Consumer Price Index. The base Consumer Price Index shall be the Consumer Price Index for February 2016. The first (1st) cost of living adjustment shall be based on the Consumer Price Index of May, 2016, and each three (3) months thereafter compared to the base Consumer Price Index for February 2016. Cost of living adjustments shall be made on pay periods commencing 11:59 p.m. on the following dates: July 5, 2016; October 11, 2016; January 17, 2017; and April 10, 2017. The cost of living rate adjustment shall be One ($0.01) Cent per hour for each point five (.5) change in the Consumer Price Index. The cost of living allowance will be adjusted up or down if and as required for each quarterly period in accordance with the above mentioned formula, provided, however, that in no event will a decline in the Consumer Price Index below the figure as recorded for February, 2016, minus 2.5 points provide a basis for further reduction in the straight time rates set forth in Schedule "A" of the within Agreement. The amount of cost of living Allowance in effect at any time shall be included in computing vacation pay, holiday pay, call-in pay, sick pay, paid leave of absence and Workplace Safety Insurance Board payments. The amount of cost of living allowance shall be included in computing overtime pay except that there shall be no pyramiding as stated in clause 19:06 of the within Agreement. As of June 30, 2016, the cost of living rate adjustment less Five ($0.05) Cents* will be added to the base rates set forth in Schedule "A" in order to create new base rates - said new base rates to be effective as of July 1, 2016. Upon creation of new base rates as provided in the preceding paragraph, a new base Consumer Price Index shall be established and shall be calculated as being the Consumer Price Index for February 2016 minus 2.5 points. This article shall be frozen during the life of the Collective Agreement and no monies will be generated or paid during the term of the Collective Agreement. *The Five ($0.05) Cents referred to was folded into the Base Hourly Wage Rates noted in Schedule “A” effective July 1, 1986. LETTER OF INTENT REGARDING ABSENTEEISM The University of Windsor and C.U.P.E., Local 1001 recognize that some Employees in the Bargaining Unit are using the Sick Leave Plan for illness and various medical appointments above the normal average within the University staff. The Union believes it is the duty of the Employer to manage the Sick Leave Plan and the Union's duty to represent their members eligible to receive sick pay to the best of their ability. To assist the Employer with their concern over the use of the Plan and to protect the interest of the members against any possible erosion of the existing Plan, the Union agrees to counsel all employees by letter and by presentations at general meetings on the need for regular attendance. Further, the Union will encourage members, whenever possible, to schedule appointments after their shift has concluded or as near to the end of their shift as possible.

  • TIME ALLOWANCE 5.01 (a) An employee having a grievance or complaint, or a potential grievance or complaint, may confer with his Union Xxxxxxx or with Management during his scheduled working hours, and

  • Meal Allowance A shift worker who works a qualifying shift of eight hours or the rostered shift, whichever is the greater, and who is required to work more than one hour beyond the end of the shift (excluding any break for a meal) shall be paid a meal allowance of $7.95, or, at the option of the employer, be provided with a meal.

  • Shoe Allowance The Employer will provide reimbursement to full time employees who have completed probation and who are employed in the kitchen and stewarding departments, once per year in the amount of $60.00 and once every two years in the amount of $60.00 for maintenance and banquet housepersons. The amount shall increase to $75, effective January 1, 2007. Employees will receive said amount as long as the shoes are approved by the employer and as long as the shoes are worn on the job. Payment will be made on or about July 1 upon presentation of proof of purchase.

  • Guests; Occupancy Limits No more than one person may occupy a bedroom space, except for minor children for whom the Resident is the parent or legal guardian with Owner’s consent and with consent of apartment-mates as applicable . If Resident desires to have an Overnight Guest (any person staying in the Resident’s assigned bedroom space or apartment for more than three total nights in any 30-day period), then Resident must register the Overnight Guest(s) with Owner. Resident may not have Overnight Guest(s) for more than three consecutive nights, nor for more than six total nights in any 30-day period. In the event any unregistered or unauthorized Overnight Guest(s) are identified to be in or using an apartment or bedroom space, Owner may assess against the Resident a fee of $60 per night, in addition to the right of Owner to declare Resident in material breach of this Agreement and pursue other available remedies. Although Resident may have Guests from time to time, Owner reserves the right to restrict the number of persons permitted in or about an apartment at any time in Owner’s discretion, to protect safety and the quiet enjoyment of other residents. Guests may park only in designated guest parking areas, if any, and no Guest’s vehicle may remain at the Property for more than three days.

  • Aid Allowance An employee who has been appointed by the Employer and trained to render first aid and who is the current holder of appropriate first aid qualifications such as a certificate from the St. Xxxx's Ambulance or similar body shall be paid weekly an allowance as detailed in Appendix A. The Employer will always appoint the appropriate number of First Aid Officers as required by relevant legislation and Code of Practice.

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