Phase II - 2018 Sample Clauses

Phase II - 2018. For nine (9) consecutive years, Developer guarantees a Minimum Annual Real Estate Tax Payment for the Development Parcel of not less than Ninety-Two Thousand ($92,000.00) Dollars which includes the current annual real estate taxes paid on Development Area (Now known as AL-56-2) and future annual real estate taxes owed on the Tax Increment of Three Million Eight Hundred Thousand ($3,800,000.00) Dollars commencing with the 2018 tax year with real estate taxes due and payable by January 31, 2019 and each year thereafter for nine (9) years, through and including the tax year 2026 with real estate taxes due and payable by January 31, 2027. This guaranteed Minimum Annual Real Estate Tax Payment is based upon the Development Area (Parcel AL-56- 2) having additional Fair Market Value for real estate tax assessment purposes of not less than Three Million Eight Hundred Thousand ($3,800,000.00) Dollars equating to total Fair Market Value for the Development Area of Four Million Four Hundred Thousand ($4,400,000.00) Dollars, as of January 1, 2018 and for each year thereafter through 2026 for a period of nine (9) years in order for the Village to recover the costs for the undertakings as set forth in Section 3.02. In the event the annual real estate taxes levied for the land and improvements for the Development Area are less than the guaranteed Minimum Annual Real Estate Tax Payment for any tax year, the Village shall invoice the Developer for the difference which shall be due and payable by Developer within 30 days of receipt of the invoice. If Developer fails to pay the invoice within thirty (30) days of billing from the Village, then the Village is authorized to place the amount of the invoice as a special charge together with statutory interest and penalties upon the tax roll for that subject parcel(s). The guarantee of Fair Market Value and payment of a Minimum Annual Real Estate Tax Payment for the parcel(s) shall run with the land and remain the obligation of the Developer, its successors and assigns in interest.
Sample 1
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Phase II - 2018. Additional Tax Incremental Value of Three Million Eighty-Seven Thousand Five Hundred ($3,087,500.00) Dollars plus the base fair market value of One Million Three Hundred Ten Thousand Five Hundred ($1,310,500.00) Dollars. Total assessed value Four Million Four Hundred Thousand ($4,400,000.00) dollars.
Sample 1

Related to Phase II - 2018

  • Phase 2 Phase 2 is expected to consist of Member Nodes and a select number of Nodes operated by non-Members. The non-Member Nodes will be required to comply with Node hosting terms as set forth by the Council, which may be amended from time to time (the “General Node Terms”).

  • Phase II A small portion of the work for the Phase II modifications to the Plattsburgh Substation will be performed by Transmission Owner, and the remainder will be performed by Clinton and Xxxxxxxxx. A detailed definition of the specific scope for Transmission Owner and Clinton and Xxxxxxxxx including interface points shall be defined during the design phase and, as such documents become available, copies will be delivered to the NYISO, Transmission Owner, Noble Altona Windpark, LLC and Marble River, LLC. The full scope includes the installation of wave traps, CCVT’s and modifications and/or additions to relaying on the MWP-1 and MWP- 2 lines. These lines will be reconfigured at the completion of Phase II to connect to Xxxxx and Xxxxxxx Substations on MWP-1 and the Xxxx Substation on MWP-2. Clinton and Xxxxxxxxx will design the upgrades and purchase the materials based on the outline specification that was prepared and issued by Transmission Owner. The work to be performed by Clinton and Xxxxxxxxx will include both the materials for the exterior and interior installations and items for Transmission Owner installation inside the control building in existing relay panels and communication racks. In addition, Clinton and Xxxxxxxxx will be responsible for the exterior and interior construction work and will provide construction management services in coordination with Transmission Owner. The civil design for the foundations and the electrical design for the cable runs to the control room will be designed by, as approved by Transmission Owner, and installed under the supervision and control of Clinton and Xxxxxxxxx. The equipment will be selected and procured in accordance with the specifications developed during the detailed engineering phase, copies of which shall be furnished to the NYISO, Transmission Owner, Noble Altona Windpark, LLC and Marble River, LLC. The construction of the foundations, structures, wave traps, CCTV and cable runs into the control building to the termination cabinets will be completed by Clinton and Xxxxxxxxx. The work at the Plattsburgh Substation will be installed under Transmission Owner’s CPP-1. Transmission Owner will provide Protection and Controls Engineering, install and terminate wiring from the termination cabinets to the control panels and relays, install relays and equipment in the existing panels, and will commission such work inside the 230kV control building. Transmission Owner will develop the communications protocols and data flow over the circuits.

  • PHASE is a distinct portion of the Work to be provided under this Agreement, as specified in the Statement Of Work.

  • Construction Phase Payments 10.3.1 Payments for Construction Phase Services shall be made as provided for in the UGSC and Owner’s Specifications. All payment requests shall be submitted through e- Builder® with a Schedule of Values and include all required attachments. Payment for approved Change Orders shall be made as part of Contractor’s Application for Payment. Failure to submit a Prime Contractor Progress Assessment Report form with each Application for Payment will cause rejection of the application by Owner and its return to Contractor.

  • Production Phase contract period in which the Development and the Production are to be performed.

  • Phase I a. In Phase I, the project will be connected as a tap to the Transmission Owner’s 230kV transmission line MWP-2 via one 230kV circuit breaker in series with one of two ring bus breakers for stuck breaker protection (one in each direction) and a tie-line breaker, as shown on the one-line diagram labeled CL-E-IA-01 attached to this Appendix A as Figure 1. The changes to the existing MWP-2 line protection for this arrangement are described in Phase I System Upgrades in Section II of this Appendix A.

  • Construction Phase Fee Contractor’s Construction Phase Fee is the maximum amount payable to Contractor for any cost or profit expectation incurred in the performance of the Work that is not specifically identified as being eligible for reimbursement by Owner elsewhere in this Agreement. References in the UGSC to Contractor’s “overhead” and “profit” mean Contractor’s Construction Phase Fee. The Construction Phase Fee includes, but is not limited to, the following items:

  • Construction Phase Part 1 –

  • Preconstruction Phase The Preconstruction Phase shall mean the period commencing on the date of this CM/GC Contract and ending upon commencement of the Construction Phase; provided that if the Owner and CM/GC agree, the Construction Phase may commence before the Preconstruction Phase is completed, in which case both phases shall proceed concurrently, subject to the terms and conditions of the Contract Documents.

  • Construction Development of the Project The Allottee has seen the proposed layout plan/demarcation-cum-zoning/sanctioned plans, / site plan / building plan, specifications, amenities and facilities, etc. depicted in the advertisement / brochure / agreement / website (as the case may be) regarding the Project where the Said Independent Floor for residential usage along with parking is located and has accepted the floor / site plan, Payment Plan and the specifications, amenities, facilities, etc. [annexed along with this Agreement] which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the bye-laws such as Haryana Building Code, 2017, FAR, density norms, provisions prescribed, approved plans, terms and condition of the license/ allotment as well as registration of RERA, etc. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the provisions and norms prescribed by the relevant State laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act and Rules made thereunder or as per approvals/instructions/ guidelines of the competent authorities, and any breach of this term by the Promoter shall constitute a material breach of the Agreement.

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