Developable Property definition

Developable Property means (a) any Property on which there are no improvements (excluding land which is leased under a net lease to a third party) or (b) any Property (or portion thereof) acquired by the Borrower or any Subsidiary for the purposes of being developed. Developable Property shall not include any Property that is an Asset Under Development.
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Developable Property means (a) any Property on which there are no improvements (excluding land which is leased under a net lease to a third party) or (b) any Property (or portion thereof) acquired by the Borrower or any Subsidiary for the purpose of being developed by the Borrower or any Subsidiary.
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Developable Property means, for Successor Parcels, that in each Fiscal Year, all Taxable Property for which a building permit could be issued for new construction.
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Examples of Developable Property in a sentence

  • The process for apportioning the Maximum Special Tax of an Original Parcel(s) to the Successor Parcel(s) is as follows: Step 1: Identify the number of Successor Parcels created by the Original Parcel(s) change, merger or subdivision that are considered Developable Property.

  • FOURTH ORDER OF BUSINESS Discussion of Developable Property withinthe District and Application of AssessmentMr. Matovina informed the Board that when the original PUD was approved for Heron Isles, the PUD authorized the construction of 749 homes and several commercial areas.

  • Developable Property means the gross area of a parcel less any portion dedicated for a highway or other public use and less any portion which cannot be developed for the use intended.

  • With respect to Developable Property where improvements have not commenced and which is not covered by any other category in the Borrowing Base, twenty-five (25%) of the difference of (i) Developable Property Book Value minus (ii) the amount of CDD Indebtedness and Permitted Mortgages applicable to such Developable Property.

  • If any such parcel or real property is acquired by AR or AERL following the Effective Date and AR desires to transfer any such parcel to BSB, AR will notify BSB and, within thirty (30) days of such notice, representatives of the Parties shall meet and, in good faith, determine whether the parcel of real property should be properly characterized as a Developable Property or a Dedicated Use Property.

  • In order to effectuate any conveyance or other disposition of any right, title or interest of BSB in and to any parcel or any portion of any parcel of the Developable Properties described in Exhibits 5.1.2 or 5.2.1 hereto or any parcel or any portion of any parcel of real property described in Exhibit 30 hereto which is characterized as a Developable Property pursuant to Section 9.6 hereto, BSB shall use the Third Party Quitclaim Deed attached as Exhibit 11.21 hereto.

  • If any such parcel or real property is identified by either Party following the Effective Date, the Party will notify the other Party and, within thirty (30) days of such notice, representatives of the Parties shall meet and, in good faith, determine whether the parcel of real property should be properly characterized as a Developable Property or a Dedicated Use Property.


More Definitions of Developable Property

Developable Property means and refer to the entirety of the Property less and except only the Golf Course Property and the POA Titled Property. For purposes of this Declaration, the Developable Property shall consist of the Developed Property, Vacant Single Family Lots, and the Undeveloped Property, all as hereinafter defined.
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Developable Property means property upon which development is authorized because the property meets the requirements for development under the Linn County Land Devel- opment Code and its development standards and public health and safety regulations exempted by Measure 37.
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Developable Property means, as to any parcel of Real Property, that portion of the land which is located outside of all of the following, to the extent delineated or reasonably susceptible of delineation from information in the possession of Crescent: (a) any lakes, streams, rivers or other bodies or courses of water; (b) any swamps or marshes; (c) the floodway or the 100-year flood plain as designated on recent flood zone maps produced by the Federal Emergency Management Agency; (d) any areas designated by the U.S. Environmental Protection Agency or other federal or state agency as areas where development is prohibited or restricted due to the presence of threatened or endangered wildlife; (e) currently designated mineral drill sites; (f) easement areas; (g) wetlands and/or waters that are regulated by federal and/or state agencies; and (h) any other areas upon which no development activities can occur for any reason.
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Related to Developable Property

  • Eligible Property means property beneficially owned by a person or entity other than the Fund and held in a bank account maintained by BNYM for or on behalf of the Fund, or property held in a Fund shareholder account, which is (x) subject to reporting or escheat under an Unclaimed Property Law, (y) of a nature or type or classification reasonably related to the services performed by BNYM under this Agreement (such as cash amounts representing non-negotiated dividend checks and shares in abandoned shareholder accounts), and (z) under the control of BNYM.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Tangible Property means any furniture, fixtures, leasehold improvements, vehicles, office equipment, computer equipment, other equipment, machinery, tools, forms, supplies or other tangible personal property of any nature.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • rateable property means property on which the municipality may in terms of Section 2 of the Property Rates Act 2004 levy a rate, but excluding property fully excluded from the levying of rates in terms of Section 17 of that Act.

  • Assessable property means real property in a district area other than all of the following:

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Blighted property means property that meets any of the following criteria: