Benefited Properties definition
Examples of Benefited Properties in a sentence
Upon execution of the Finance Agreement by the Property Owner and EIC, the property that is the subject of the Finance Agreement shall be deemed a “Benefited Property.” Copies of all executed Finance Agreements for all Benefited Properties within the Municipality shall be provided to the Municipality by EIC.
The City agrees that it will require, as a condition of annexation of any portion of the West Steamboat Area Plan adopted June 19, 2006 (the “Benefited Property”) that YVHA will be reimbursed by the developer of such portion of the Benefited Properties a proportionate share of the cost of such infrastructure which serves a Benefited Property.
Developer shall have no further claim as to monies collected from any Benefited Properties after the expiration of the fifteen (15) year term.
This Agreement shall be in full force and effect until all of the Benefit Assessments for Benefited Properties in the Participating Municipality have been paid in full or deemed no longer outstanding.
Copies of all executed Finance Agreements for all Benefited Properties within the Municipality shall be provided to the Municipality by EIC upon execution.
The District shall allocate the cost of the Extension among Developer's property and the Benefited Properties on a pro rata share basis.
The Benefited Properties shall include all properties adjacent to or contiguous with the Property.
The intention of this subsection is to require owners of Benefited Properties consisting of a discrete subdivision or P.U.D. to collectively pay the reimbursable cost on a single oc- casion prior to connection.
The pro rata share chargeable against each of the Benefited Properties shall be determined by the City using a cost apportionment method which is based on the benefit to each Benefited Property.
The District will determine and set the Line Expansion Sewer Tap Fee for the Benefited Properties in an amount equal to such property’s proportionate share of the cost of the Line Expansion as shown on Exhibit C.