Assessment Amount definition

Assessment Amount means the voluntary contractual surcharge
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Assessment Amount. The City agrees that it will only certify/levy the Deferred Assessment Amount against the Property if the Owner does not pay the Deferred Assessment Amount when due according to Section 3.01(e) and then, only up to the Deferred Assessment Amount for the Improvements pursuant to this Agreement.
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Assessment Amount means the total assessment amount levied by the Clearinghouse at a single time upon all the FCM Clearing Members in order for the Clearinghouse to maintain an adequate Guaranty Fund.
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Examples of Assessment Amount in a sentence

  • The purpose of this Agreement is to memorialize the covenants and agreements between the Owner and the City with regard to the Property including the Owner’s deferment of the assessment up to the Deferred Assessment Amount which constitutes an estimated benefit pursuant to Minnesota Statutes, Chapter 429 in the manner authorized by Minnesota Statutes § 462.3531.

  • The Deferred Assessment Amount shall accrue interest at a rate of three and one-half percent (3.5%) per year beginning on November 1, 2022.

  • If, prior to the date that is five (5) years from the date of completion of the Minimum Improvements, the Property is sold to a third party without prior written consent by XXXXX for such sale, the Deferred Assessment Amount, plus interest as stated in Section 2.01(c) will be due and payable in full at the closing of the sale to the third party, without reduction for the number of years the Owner remained in operation at the Property.

  • The term of this Agreement shall commence on the Agreement Date and shall terminate upon the expiration of the Assessment Term or repayment or forgiveness of the Deferred Assessment Amount, whichever occurs first.

  • If Owner fails to complete construction of the Minimum Improvements by November 1, 2022, the City shall immediately certify/levy the Deferred Assessment Amount against the Property, including interest.

  • Owner hereby authorizes the City to certify or levy a special assessment against the Property up to the Deferred Assessment Amount as provided in Section 3.02.

  • If the Deferred Assessment Amount plus interest is not paid at the closing to the third party, the City shall be able to pursue all remedies and sanctions available at law and in equity against the Owner or subsequent purchaser.

  • This Agreement is to memorialize the covenants and agreements between the Owner and the City with regard to the Property and Deferred Assessment Amount including the assessment appeal waiver provided herein pursuant to Minnesota Statutes, Chapter 429 in the manner authorized by Minnesota Statutes § 462.3531.

  • Only if not paid pursuant to 3.01(e), the Deferred Assessment Amount plus interest accrued as of the dated stated in this section 2.01(c) shall be the amount assessed against the Property, less any applicable reduction provided in 3.01(e).

  • The City agrees the Owner may prepay some or all of the City’s Deferred Assessment Amount against the Property with no penalty pursuant to Minn.


More Definitions of Assessment Amount

Assessment Amount. The Deferred Assessment Amount is the amount of Eighty- Nine Thousand Two Hundred Eighteen and 59/100 Dollars ($89,218.59), or as it may be reduced to Section 3.01(e).
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Assessment Amount. The Deferred Assessment Amount is the amount of One Hundred Thirty-Four Thousand Two Hundred Ninety-Five and 70/100 Dollars ($134,295.70), which represents the fair market value of the Property as of the date of this Agreement, less $1.00 for the purchase price of the Property, plus interest accrued beginning on the date in 2.01(c) through the date the assessment is certified or levied by the City.
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Assessment Amount means the amount of an Annual Installment sufficient (1) to pay all Costs other than debt service on Tax Revenue Bonds anticipated by the County to be due or incurred in the next calendar year; plus (2) to pay debt service on Tax Revenue Bonds anticipated by the County to be due or incurred in the next calendar year, if and to the extent that the County reasonably anticipates that available County Advanced Revenues will be insufficient for that purpose; plus (3) to pay debt service on Special Assessment Bonds anticipated by the County to be due or incurred in the next calendar year; plus (4) to Fully Fund the Tax Revenue Bond DSRF.
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Related to Assessment Amount

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Payment Amount as defined in Section 3.5.

  • Instalment Amount has the meaning given to it in Condition 1.07 (Bearer Covered Bonds);

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Minimum Interest Charge has the meaning given in Section 2.2(b).

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.