Assessed Value of the Improvements definition

Assessed Value of the Improvements means the assessed value of the private improvements, such as buildings or structures. This value does not include the value of the land.
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Examples of Assessed Value of the Improvements in a sentence

  • The Company shall be entitled to written notice of the initial determination of the Assessed Value of the Improvements and of any change in the Assessed Value of the Land or the Improvements.

  • The PILOT will be calculated on a $250,000.00 Assessed Value of the Improvements on the Development Site, plus the current value of the land at the time the Property would become exempt from property taxes.

  • Upon completion, the Assessed Value of the Improvements on the Development Site, not including the value of the land, shall be at a minimum of $250,000.00.

  • If, after completion of the Project or at any time during the term of the tax abatement, the Assessed Value of the Improvements, as determined by the Xxxxxx County Assessor, is greater than five percent (5%) below the Minimum Assessed Value, Applicant shall have the right, but not the obligation, to enter into a Payment in- lieu-of-Taxes (“PILOT”) agreement with the City for the purpose of insuring full tax payments, as represented to the City, are paid during the term of the tax abatement.

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  • If, after completion of the Project or at any time during the term of the tax abatement, the Assessed Value of the Improvements, as determined by the Xxxxxx County Assessor, is greater than five percent (5%) below the Minimum Assessed Value, Applicant shall have the right, but not the obligation, to enter into a Payment in-lieu-of-Taxes (“PILOT”) agreement with the City for the purpose of insuring full tax payments, as represented to the City, are paid during the term of the tax abatement.

  • The Assessed Value of the Improvements on the Development Site, shall be reached within twenty four (24) months from the date of the signing of this Agreement.

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Related to Assessed Value of the Improvements

  • Substitute Improvements means the substitute or additional improvements of the Issuer described in Article V hereof.

  • Assessed value means 1 of the following:

  • Assessed Property means any Parcel within the District against which an Assessment is levied.

  • Site Improvements means any construction work on, or improvement to, streets, roads, parking facilities, sidewalks, drainage structures and utilities.

  • Minimum Improvements means the acquisition of land and construction of a 64-unit market rate residential apartment building and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

  • Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.  Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by Company or any Company Subsidiary, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the lease for such Leased Real Property.

  • Home improvement means the remodeling, altering,

  • Private Improvements means the improvements to be constructed on the Property that are not Public Improvements.

  • Developed Land means non-vacant land that is likely to be redeveloped during the planning period.

  • Project Site(s) means the place(s) specified in the SCC for the supply and installation of the System.

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Initial assessed value means the assessed value, as equalized, of all the taxable property within the boundaries of the development area at the time the resolution establishing the tax increment financing plan is approved as shown by the most recent assessment roll of the municipality for which equalization has been completed at the time the resolution is adopted. Property exempt from taxation at the time of the determination of the initial assessed value shall be included as zero. For the purpose of determining initial assessed value, property for which a specific local tax is paid in lieu of a property tax shall not be considered property that is exempt from taxation. The initial assessed value of property for which a specific tax was paid in lieu of a property tax shall be determined as provided in subdivision (w).

  • Non-Public Works and Improvements means all competitively solicited procurement of Supplies and/or Services by the City not solicited as Public Works.

  • Improvements shall have the meaning set forth in the granting clause of the Mortgage.

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • Licensee Improvements means Improvements created, conceived, or reduced to practice by or for Licensee.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • The Project Site, where applicable, means the place or places named in the SCC.

  • Project site, where applicable, means the place indicated in bidding documents.

  • Tenant Improvements Defined in Exhibit B, if any.

  • Captured assessed value means the amount in any 1 year by which the current assessed value of the development area, including the assessed value of property for which specific local taxes are paid in lieu of property taxes as determined in subdivision (w), exceeds the initial assessed value. The state tax commission shall prescribe the method for calculating captured assessed value.

  • Infrastructure Improvements means a street, road, sidewalk, parking facility, pedestrian mall, alley, bridge, sewer, sewage treatment plant, property designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, drainage system, waterway, waterline, water storage facility, rail line, utility line or pipeline, transit-oriented development, transit-oriented property, or other similar or related structure or improvement, together with necessary easements for the structure or improvement, owned or used by a public agency or functionally connected to similar or supporting property owned or used by a public agency, or designed and dedicated to use by, for the benefit of, or for the protection of the health, welfare, or safety of the public generally, whether or not used by a single business entity, provided that any road, street, or bridge shall be continuously open to public access and that other property shall be located in public easements or rights-of-way and sized to accommodate reasonably foreseeable development of eligible property in adjoining areas. Infrastructure improvements also include 1 or more of the following whether publicly or privately owned or operated or located on public or private property:

  • Leased Improvements shall have the meaning given such term in Section 2.1(b).