Capital Improvements Budget definition

Capital Improvements Budget means a capital budget for each Fiscal Year which identifies the Capital Improvements to the System to be undertaken by the City during such Fiscal Year, the nature of the work, the estimated completion date of each Capital Improvement, the estimated Costs expected to be expended therefor in such Fiscal Year, and estimated disbursements from any Project Account or Renewal or Replacement Account in the Project Fund and, to the extent provided by the City, any other fund or account under or outside the Indenture, as well as the sources of moneys projected to be available to pay such estimated Costs in such Fiscal Year;
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Capital Improvements Budget means each annual budget prepared by the Manager and approved by Owner as part of the Annual Plan, reflecting the estimated costs for all Capital Improvements which in the reasonable opinion of Manager are necessary to keep and maintain the Project during the applicable Operating Year in good condition and in keeping with the Operating Standards. Condemnation shall mean the acquisition of all or any portion of the Project by any Governmental Authority having the power of condemnation or eminent domain, by compulsory acquisition, conveyance in lieu of or under threat of condemnation or like procedure. Default Rate shall mean the lesser of (i) the Prime Rate plus four percent (4%) or (ii) the highest lawful rate permitted by applicable Legal Requirements. Executive Personnel shall mean all or any one of the following: general manager, assistant general manager, director of food and beverage, director of sales, director of marketing, controller and any other key executive of the Project designated by Manager. Force Majeure shall mean acts of God, war, insurrection, civil commotion, riots, strikes, lockouts, embargoes, shortages of labor or materials specified or reasonably necessary in connection with the construction, refurbishment, equipping, ownership or management of the Project, fire, unavoidable casualties, failure of any applicable Governmental Authority to issue required Governmental Permits and any other occurrence, event or condition beyond the reasonable control of Owner or Manager, whichever shall be applicable. FF&E shall mean all furniture, fixtures, furnishings and specialized equipment and systems (exclusive of Operating Equipment) necessary or customary (now or in the future) in the reasonable opinion of Manager in order to operate the Project in accordance with the terms of this Agreement and the Operating Standards, including but not limited to all equipment required for the operation of kitchens, laundries, dry cleaning facilities and bars, special lighting and other equipment, signs, carpets, drapes, shades, tapestries, pictures, paintings, beds, mattresses, chairs, desks, tables, sofas, wall coverings, televisions, radios, intercoms, telephones and office equipment and machinery.
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Capital Improvements Budget means each annual budget prepared by the Manager and approved by Owner as part of the Annual Plan, reflecting the estimated costs for all Capital Improvements which in the reasonable opinion of Manager are necessary to keep and maintain the Project during the applicable Operating Year in good condition and in keeping with the Operating Standards. Condemnation shall mean the acquisition of all or any portion of the Project by any Governmental Authority having the power of condemnation or eminent domain, by compulsory acquisition, conveyance in lieu of or under threat of condemnation or like procedure.
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Examples of Capital Improvements Budget in a sentence

  • An ordinance amending the 2006 Capital Improvements Budget and otherwise providing with respect thereto.

  • Ordinance No. 205 of 2006: An ordinance amending the 2006 Capital Improvements Budget and otherwise providing with respect thereto.

  • ORDINANCE NO 25 OF 2012Amending the 2012 Capital Improvements Budget, and to otherwise provide with respect thereto.

  • As more residential rezonings occur in this area, necessary improvements should be programmed into the Capital Improvements Budget.

  • Amendment to the 2014 Capital Improvements Budget is necessary to establish sufficient cash and authority in the proper project.

  • An ordinance appropriating, authorizing or allocating funds to the Capital Improvements Budget for the fiscal year 2010/2011 and to amend the fiscal year 2010/2011 Budget Ordinance No. 12410.

  • Amendment to the 2013 Capital Improvements Budget is necessary to establish sufficient cash and authority in the proper project.

  • ORD 52Amending Ordinance No. 4 of 2013 and Ordinance No. 113 of 2014, the Capital Improvements Budget, and otherwise providing with respect thereto.

  • An ordinance appropriating, authorizing or allocating funds to the Capital Improvements Budget for the fiscal year 2009/2010 and to amend the fiscal year 2009/2010 Budget Ordinance No. 12288 and to amend the 2008/2009 Capital Budget No. 12161.

  • Capital Improvements Budget Highlights: (general obligation bonds and FY 23 unless otherwise noted)1.


More Definitions of Capital Improvements Budget

Capital Improvements Budget means budget set forth on Schedule 1(a)(xi), setting forth the Capital Improvements and allocating the Capital Improvements Budget Amount to such Capital Improvements.
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Capital Improvements Budget has the meaning attributed thereto in Section 4.1;
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Capital Improvements Budget means a program of proposed capital expenditures for the ensuing fiscal year and at least the next four (4) fiscal years thereafter, updated and adopted yearly by the local government governing body.
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Capital Improvements Budget means each annual budget prepared by Manager and approved by Owner as part of the Annual Plan, reflecting the estimated costs for all Capital Improvements which in the reasonable opinion of Owner and Manager are necessary to keep and maintain the Hotel during the applicable Operating Year in good condition and in keeping with the Operating Standards. Capital Transaction shall mean the sale of the Hotel to a bona fide third party for value or the refinancing of the Hotel. Competitive Set shall mean the four (4) or more hotels within the Hotel’s market area that are most closely comparable to the Hotel in brand, quality, price and market (with due consideration given to age, quality, size, location, amenities, amount of meeting space, and business mix). The Competitive Set will be mutually agreed to by Owner and Manager six months prior to the Opening. If Owner or Manager seeks a change in the Competitive Set based on the commencement of operations of one or more new hotels in the Hotel’s market area, or on any cessation of operations or significant change in operations (such as a change in operator or a change in market positioning) of any of the hotels in the current Competitive Set, the party requesting such change shall notify the other in writing of such request. In the event that the parties have not reached agreement on the Competitive Set or any proposed change thereto within thirty (30) days after the notice of such request has been given, such dispute shall be submitted to the Approved Consultant for determination in accordance with the standards outlined in the initial sentence of this definition. The decision of the Approved Consultant shall be final and binding on Owner and Manager. Condemnation shall mean the acquisition of all or any portion of the Hotel by any Governmental Authority having the power of condemnation or eminent domain, by compulsory acquisition, conveyance in lieu of or under threat of condemnation or like procedure. Debt Service for any period shall mean the sum of actual regularly scheduled payments (principal and interest) on the Senior Debt.
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Capital Improvements Budget means a detailed budget for the Capital Improvement Program of the Property. Any change, modification or reallocation to or within the Capital Improvement Budget may be made only with the consent of the Capital Members.
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Capital Improvements Budget means each annual budget prepared by the Manager and approved by Owner as part of the Annual Plan, reflecting the estimated costs for all Capital Improvements which in the reasonable opinion of Manager are necessary to keep and maintain the Project during the applicable Operating Year in good condition and in keeping with the Operating Standards. Condemnation shall mean the acquisition of all or any portion of the Project by any Governmental Authority having the power of condemnation or eminent domain, by compulsory acquisition, conveyance in lieu of or under threat of condemnation or like procedure. Condominium Base Fee shall have the meaning provided therefor in the Addendum. Condominium Marketing Contribution shall have the meaning provided therefor in Section 7.4. Condominiums shall mean and include the condominiums (known as the "Las Casitas" condominiums) situated adjacent to the Site. Manager has only limited responsibilities in respect of the Condominiums, as provided in Section 2.1.
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Related to Capital Improvements Budget

  • 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.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Capital Budget has the meaning given in Section 3.11(a).

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

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Operating Budget has the meaning given in Section 3.11(a).

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Project Improvements means site improvements and facilities that are:

  • Approved Budget means an annual budget-

  • Development Budget shall have the meaning set forth in Section 3.3.

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Cost of Capital Improvement Projects means the costs of acquiring, constructing, reconstructing, expanding, improving and engineering Capital Improvement Projects, and related financing costs.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.

  • Redevelopment project means any work or undertaking

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

  • 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 Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Initial Budget has the meaning set forth in Section 7.06(a).

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

  • Tenant Improvements Defined in Exhibit B, if any.