Capital Improvement Assessments definition

Capital Improvement Assessments means and refer to a charge against each Owner and his or her Unit, representing a portion of the costs incurred by the Association for the acquisition, installation, construction or replacement (as distinguished from repairs and maintenance) of any capital improvements located or to be located within the Common Elements.
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Capital Improvement Assessments means and refer to amounts levied against each Owner and such Owner’s Unit, representing a portion of the costs incurred by the Association for the acquisition, installation, construction or replacement (as distinguished from maintenance and repairs) of any capital improvements located or to be located within the Common Elements.
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Capital Improvement Assessments means and refer to an assessment levied against each Owner and his or her Unit, representing a portion of the costs incurred by the Association for the acquisition, installation, construction or replacement (as distinguished from repairs and maintenance) of any capital improvements located or to be located within the Common Elements or Association Property, if any, which are not in the annually adopted budget for the Association.‌
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Examples of Capital Improvement Assessments in a sentence

  • Capital Improvement Assessments (planned major expenditures for maintenance, repair, replacement, or construction of capital improvements to the common elements).

  • In this line of argumentation it seems probable to date the Levites conception to literary strata that presume Pg, but are rather a sequel to Ps as on the same literary-historical level as Exod 35–40* because Levites are not mentioned there, too.

  • The Finance Committee may recommend and the Board shall set, in its sole discretion, other assessments such as Reconstruction Assessments, Emergency Assessments, and Capital Improvement Assessments as specified in the CC&Rs. 7.

  • Strategy-based instruction, which has a purposeful and systematic approach to learning, as well as the continuing and meaningful practice, can help learners to achieve their goals.

  • All other assessments, including, but not limited to, Special Assessments, Reimbursement Assessments, Reconstruction Assessments, and Capital Improvement Assessments are due and payable on the date specified by the Board in the notice of assessment.

  • Assessment(s) means Common Assessments (including any Cost Center Assessments), Capital Improvement Assessments, Reconstruction Assessments and/or Special Assessments.

  • All Capital Improvement Assessments must be levied against all Lots and Condominiums in the same manner and in the same proportions as Common Assessments (including any Cost Center Assessments) are levied, and they shall be collected in the manner and frequency determined by the Board.

  • Special Assessments, Reconstruction Assessments, and Capital Improvement Assessments shall be allocated in the same manner as Regular Assessments.

  • All amounts collected as Capital Improvement Assessments may only be used for capital improvements and shall be deposited by the Board in a 070802\8587958v5 10 I'� separate bank account to be held in trust for such purposes.

  • Notwithstanding the foregoing, in any fiscal year of the Association, the Board shall not impose Special Assessments which, when aggregated with all Special Assessments and Capital Improvement Assessments already levied during such fiscal year, exceeds five percent (5%) of the budgeted gross expenses for such fiscal year without first obtaining the approval of the majority of a quorum of the Members of the Association.


More Definitions of Capital Improvement Assessments

Capital Improvement Assessments means an Assessment imposed pursuant to Section 4.4 below.
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Capital Improvement Assessments means and refer to amounts levied against each Owner and his Unit, representing a portion of the costs incurred by the Association for the acquisition,
Sample 1
Capital Improvement Assessments means and refer to an Assessment against each Owner and his or her Unit, representing a portion of the costs incurred by the Association for the acquisition, installation, construction or replacement (as distinguished from repairs and maintenance) of any capital improvements located or to be located within the Common Elements or Association Property. Special Assessments and Capital Improvement Assessments may be levied by the Board and shall be payable in lump sums or installments, in the discretion of the Board; provided that, if such Special Assessments or Capital Improvement Assessments, in the aggregate in any year, exceed ten percent (10%) of the then estimated operating budget of the Association, the Board must obtain approval of a majority of the voting interests represented at a meeting at which a quorum is attained. Notwithstanding anything to the contrary, any special assessment (i) resulting from an Extraordinary Financial Event or (ii) in the opinion of the Board, necessary for the Association to undertake required maintenance or repairs or replacements to the Condominium Property, may be adopted by the Board alone without requiring the vote or approval of Unit Owners and regardless of the amount.
Sample 1
Capital Improvement Assessments means and refer to an Assessment against each Owner and his or her Unit, representing a portion of the costs incurred by the Association for the acquisition, installation, construction or replacement (as distinguished from repairs and maintenance) of any capital improvements located or to be located within the Common Elements. Special Assessments and Capital Improvement Assessments may be levied by the Board of Directors and shall be payable in lump sums or installments, in the discretion of the Board of Directors; provided that, if such Special Assessments or Capital Improvement Assessments, in the aggregate in any year, exceed three percent (3%) of the then estimated operating budget of the Association, the Board of Directors must obtain approval of a majority of the voting interests represented at a meeting at which a quorum is attained.
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Capital Improvement Assessments means the Capital Improvement Assessments that are levied pursuant to Section 5.6.
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Related to Capital Improvement Assessments

  • Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.

  • Capital Improvement or "Capital Improvement Project" means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities of Local Subdivisions, including real property, interests in real property, and facilities and equipment of Local Subdivisions related or incidental thereto.

  • Infrastructure improvement means permanent infrastructure that is essential for the public health and safety or that:

  • Project area budget means a multiyear projection of annual or cumulative

  • Improvement Costs means the sum of: (i) the Planning Costs; (ii) the Construction Costs; and (iii) the Construction Management Fee.

  • 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:

  • Redevelopment project means a specific construction project

  • Project Improvements means site improvements and facilities that are:

  • Pilot project means an innovative environmental project that covers one or more designated facilities, designed and implemented in the form of an EMSA. (See Section 52.3 of the Act.)

  • Project Common Areas as used in this Lease, shall mean the portion of the Project designated as such by Landlord. The term “Building Common Areas,” as used in this Lease, shall mean the portions of the Common Areas located within the Building designated as such by Landlord. The manner in which the Common Areas are maintained and operated shall be at the sole discretion of Landlord and the use thereof shall be subject to such rules, regulations and restrictions as Landlord may make from time to time. Landlord reserves the right to close temporarily, make alterations or additions to, or change the location of elements of the Project and the Common Areas, provided that, in connection therewith, Landlord shall perform such closures, alterations, additions or changes in a commercially reasonable manner and, in connection therewith, shall use commercially reasonable efforts to minimize any material interference with Tenant’s use of and access to the Premises.

  • 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.

  • Home improvement means the remodeling, altering,

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Project area plan means a written plan that, after its effective date, guides and controls the development within a project area.

  • Improvement Fund means the Improvement Fund for General Obligation Temporary Notes, Series 2017-1 created pursuant to Section 501 hereof.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Tenant Improvements Defined in Exhibit B, if any.

  • Construction project means the same as that term is defined in Section 38-1a-102.