Phase III Post Development Sample Clauses

Phase III Post Development. After development has occurred, financial resources will be used to retire the construction loan, often called “Take Out” or “Permanent Financing.” This medium term debt financing literally takes the construction lender out of the deal, hence one of the names of this type of financing. The term “permanent financing” is a bit of a misnomer since even the permanent loan will have a term at the end of which the loan will have to be repaid or refinanced. In some cases the private equity and debt are insufficient to pay all the pre-development, acquisition, construction, infrastructure, and stabilizations costs without jeopardizing the developer’s expected return on investment and it is increasingly common for developers to seek public financing from a city or town or from the Commonwealth. If the project supports a greater public good, such as generating increased tax revenue or providing jobs, the Commonwealth or a city or town may choose to provide some public financing to the project. Public financing can take many forms, including general obligation bonds, revenue bonds, grants, loan guarantees, tax abatements, or construction by a government of key infrastructure elements. The Massachusetts Gaming Act precludes the use of several State programs for public infrastructure including Tax Increment Financing (TIF), District Improvement Financing (DIF), and I-Cubed (Infrastructure Investment Incentive Program), as well as several tax credits or deductions. A gaming establishment is also precluded from being designated as an economic opportunity area or a designated development district, and therefore is not subject to the benefits that may be incurred by these designations.4 However, the Expanded Gaming Act’s list of prohibited public financing and tax credits does not preclude the use of Title VII Public Welfare, Chapter 121A Urban Redevelopment Corporations, which allows for public borrowing of funds for infrastructure that will be paid back by the developer. 4 M.G.L. c. 23K, § 49(a) and M.G.L. c. 23K, § 49(b).
Sample 1
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Related to Phase III Post Development

  • Project Development a. Collaborate with COUNTY and project clients to identify requirements and develop a project Scope Statement.

  • Career Development The City and the Union agree that employee career growth can be beneficial to both the City and the affected employee. As such, consistent with training needs identified by the City and the financial resources appropriated therefore by the City, the City shall provide educational and training opportunities for employee career growth. Each employee shall be responsible for utilizing those training and educational opportunities made available by the City or other institutions for the self- development effort needed to achieve personal career goals.

  • Design Development An interim step in the design process. Design Development documents consist of plans, elevations, and other drawings and outline specifications. These documents will fix and illustrate the size and character of the entire project in its essentials as to kinds of materials, type of structure, grade elevations, sidewalks, utilities, roads, parking areas, mechanical and electrical systems, and such other work as may be required.

  • Staff Development ‌ The County and the Association agree that the County retains full authority to determine training needs, resources that can be made available, and the method of payment for training authorized by the County. Nothing in this subsection shall preclude the right of an employee to request specific training.

  • Design Development Phase INDICATE IN STATEMENT OF WORK “NOT APPLICABLE” IF SECTION IS NOT APPLICABLE

  • Commencement of Development 7.3.1 In the event that development on the Lands has not commenced within four (4) years from the date of registration of this Agreement at the Registry of Deeds or Land Registry Office, as indicated herein, the Agreement shall have no further force or effect and henceforth the development of the Lands shall conform with the provisions of the Land Use By-law.

  • Curriculum Development This includes the analysis and coordination of textual materials; constant review of current literature in the field, some of which are selected for the college library collection, the preparation of selective, descriptive materials such as outlines and syllabi; conferring with other faculty and administration on curricular problems; and, the attendance and participation in inter and intra-college conferences and advisory committees.

  • Program Development NWESD agrees that priority in the development of new applications services by XXXXX shall be in accordance with the expressed direction of the XXXXX Board of Directors operating under their bylaws.

  • Design Development Phase Services 3.3.1 Based on the Owner’s approval of the Schematic Design Documents, and on the Owner’s authorization of any adjustments in the Project requirements and the budget for the Cost of the Work, the Architect shall prepare Design Development Documents for the Owner’s approval. The Design Development Documents shall illustrate and describe the development of the approved Schematic Design Documents and shall consist of drawings and other documents including plans, sections, elevations, typical construction details, and diagrammatic layouts of building systems to fix and describe the size and character of the Project as to architectural, structural, mechanical and electrical systems, and other appropriate elements. The Design Development Documents shall also include outline specifications that identify major materials and systems and establish, in general, their quality levels.

  • Faculty Development Faculty who develop and/or teach Distance Education courses shall be provided with reasonable technical support and opportunities for Faculty development, consistent with the needs of the Faculty and availability of Board resources and services for that purpose. In the event that a Faculty member develops and/or teaches a Distance Education course for the first time, the Faculty member shall receive reasonable and appropriate professional development and technical support assistance, consistent with the needs of the Faculty and availability of Board resources and services for that purpose. In instances of succeeding assignments to teach Distance Education courses, the Faculty member is expected to demonstrate a level of technical competence sufficient to teach the course. Ongoing technical support assistance may be available to Faculty who teach succeeding offerings of the same course.

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