Base Facilities Special Tax definition

Base Facilities Special Tax means, for any Land Use Category, the per-square foot Facilities Special Tax for square footage within such Land Use Category, as identified in Section C.2a below.
Sample 1Sample 2Sample 3
Base Facilities Special Tax means, for any Land Use Category, the applicable Facilities Special Tax identified in Table 1 in Section C.2a below, as Adjusted.
Sample 1Sample 2Sample 3
Base Facilities Special Tax means, for any Square Footage Category, the per-square foot Facilities Special Tax for Square Footage within such Square Footage Category, as identified in Table 1 in Section C below.
Sample 1Sample 2

Examples of Base Facilities Special Tax in a sentence

  • Sum the amounts calculated in Step 4 to determine the Estimated Base Facilities Special Tax Revenues for the building(s) for which a Building Permit was issued.

  • Using the Base Facilities Special Taxes shown in Table 1 below, the Administrator shall calculate the Estimated Base Facilities Special Tax Revenues based on the Expected Land Uses reflected in the Vertical DDA and the square footage estimated by the Vertical Developer.

  • Prior to issuance of the first series ofBonds, the Maximum Special Tax for each Parcel shall be the Estimated Base Facilities Special Tax Revenues for the Parcel.

  • If, based on the Price Point Study, the Administrator determines that the Total Tax Burden applicable to a Land Use Category will not exceed 1.80% of the Average Sales Price for such Land Use Category, then there shall be no change in the Base Facilities Special Tax for such Land Use Category.

  • If the Square Footage on any Parcel that had been taxed as Developed Property in a prior Fiscal Year is rezoned or otherwise changes Land Use Category, the Administrator shall multiply the Base Facilities Special Tax by the Square Footage within each of the new Land Use Category(ies); if the First Bond Sale has not occurred, this amount shall be the Maximum Facilities Special Tax for the Parcel.

  • Prior to issuance of the first series of Bonds, the Maximum Special Tax for each Parcel shall be the Estimated Base Facilities Special Tax Revenues for the Parcel.

  • Using the information from the first three steps, the Administrator shall separately calculate the following: ▪ For Market Rate Units in the building, multiply the applicable Base Facilities Special Tax from Table 1 for the Residential Product Type that applies to the Development Project by the total aggregate Residential Square Footage of all Market Rate Units expected within the building.

  • Therefore, a possible interpretation of our mixed findings is that the book information has explanatory power only in the very short run.

  • If, based on the Price Point Study, the Administrator calculates that the Total Tax Burden for a Land Use Category will exceed 1.80% of the Average Sales Price for such Land Use Category, the Administrator shall reduce the Base Facilities Special Tax on such Land Use Category to the point at which the Total Tax Burden is equal to 1.80% of the Average Sales Price for such Land Use Category.

  • Multiply the applicable Base Facilities Special Tax from Table 1 by the actual and/or expected For-Sale Residential Square Footage, Rental Residential Square Footage, and Taxable Non-Residential Square Footage on the Taxable Parcel.


More Definitions of Base Facilities Special Tax

Base Facilities Special Tax means, for any Land Use Category, the Facilities Special Tax for Square Footage within such Land Use Category, as identified in Table 1 in Section C herein.
Sample 1Sample 2
Base Facilities Special Tax means the per-square foot Facilities Special Tax for each Land Use as identified in Table 1 in Section C.1 below.
Sample 1

Related to Base Facilities Special Tax

  • Maximum Special Tax means the maximum Special Tax, determined in accordance with Section C below, that can be levied in any Fiscal Year on any Assessor’s Parcel.

  • Special Tax means the special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax Requirement.

  • Special Tax Requirement means that amount required in any Fiscal Year to: (i) pay debt service on all Outstanding Bonds; (ii) pay periodic costs on the Bonds, including but not limited to, credit enhancement and rebate payments on the Bonds; (iii) pay Administrative Expenses; (iv) pay any amounts required to establish or replenish any reserve funds for all Outstanding Bonds; (v) pay directly for the acquisition or construction of facilities authorized to be financed by IA No. 2 to the extent that inclusion of such amount does not increase the Special Tax levy on Undeveloped Property; and (vi) pay for reasonably anticipated Special Tax delinquencies based on the historical delinquency rate for IA No. 2 as determined by the CFD Administrator; less (vii) a credit for funds available to reduce the annual Special Tax levy, as determined by the CFD Administrator pursuant to the Indenture.