Development owner definition

Development owner means any person or affiliate of a person who owns or proposes a development or expects to acquire control of a development under a purchase contract approved by the department.
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Development owner. , in relation to any building, means the owner, or where the building was built by or on behalf of the occupier with the consent of the owner, or the building was built by or on behalf of some previous occupier with the consent of the owner and the current occupier paid the immediately preceding occupier consideration for the building, means the occupier;
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Development owner means an Applicant that is approved by the Department as qualified to own, construct, acquire, rehabilitate, operate, manage, or maintain a Development subject to the regulatory powers of the Department and other terms and conditions required by the Department and the Act.
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Examples of Development owner in a sentence

  • The Development Owner hereby covenants and represents to District that it constructed the Development in accordance with (i) the building permit(s) issued for the Development, (ii) the DOB Compliance Certification, and (iii) Applicable Law, including the HID Laws.

  • If DMPED denies the Development Owner’s request for a Tax Abatement Certification in accordance with the HID Regulations, Development Owner shall be entitled to request the Agency to release this Covenant.

  • Development Owner, or its designee or assignee, submitted an application to DMPED (as hereinafter defined) for a tax abatement under the Housing in Downtown tax abatement program, pursuant to D.C. Official Code §§ 47-860.01–.04 and the regulations promulgated in Title 10, Chapter 66-B of the DCMR.

  • As of Effective Date, Development Owner is the ground lessee of certain parcel(s) of land located in the District of Columbia as further described in Exhibit A (the “Parcel”) and fee simple owner of the improvements located thereon .

  • If Development Owner has provided District notice of a Mortgage placed against the Real Property, for so long as such Mortgage is outstanding, District agrees to send a copy of a Default Notice provided to Development Owner pursuant to Section 8.3 to the Mortgagee at the address provided in Development Owner’s notice.

  • Owner acknowledges and agrees that, as a condition of the Real Property receiving a tax abatement in accordance with the HID Laws, Development Owner constructed the Development to be used for Residential Use and committed to setting aside certain Housing Units as Affordable Housing Units in accordance with this Covenant and the HID Laws.

  • District agrees to accept cure of a default from the Mortgagee in the same manner as it accepts cure of a default from Development Owner.

  • Notwithstanding the foregoing, the execution and recordation of this Covenant in the Land Records by the Development Owner is a precondition to DMPED’s issuance of a Tax Abatement Certification.


More Definitions of Development owner

Development owner. , in relation to any building, means the owner, or where the building was built by or on behalf of the occupier with the consent of the owner, or the building was built by or
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Development owner means (A) the owner of record of a
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Development owner means any person or
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Development owner is defined in the Preamble.
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Related to Development owner

  • Development Project means a project for the development of land within a project area.

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

  • Development Plan has the meaning set forth in Section 3.2.

  • Commercialization or “Commercialize” means activities directed to marketing, promoting, research and development as required, manufacturing for sale, offering for sale, distributing, importing or selling a product, including sub-licensing or sub-contracting of these activities.

  • Development means any man-made change to improved or unimproved real estate, including, but not limited to, buildings or other structures, mining, dredging, filling, grading, paving, excavation or drilling operations, or storage of equipment or materials.

  • Development Tool Kit means a DS Offering specifically designed for application or content development. A Development Tool Kit is either identified (i) with “CAA” or “ENOVIA Studio” in the DS Offering name, or (ii) in the Transaction Document and/or the Product Portfolio. Extended Enterprise User means an employee of Customer’s affiliate(s), supplier(s) and/or customer(s) authorized to use Customer’s DS Offering for the sole and exclusive purpose of enabling the Extended Enterprise User(s) to conduct business with Customer. The use of the DS Offering by any such Extended Enterprise User(s) 1) shall be solely limited to use (a) as configured and deployed by Customer and (b) in connection with the Extended Enterprise User’s performance of services for and on behalf of Customer, and 2) shall exclude any use by Extended Enterprise User (a) for its own account or a third party’s account, or (b) for the purpose of modifying, otherwise using, maintaining or hosting the DS Offering. Extended Enterprise Users are authorized if so specified in the Product Portfolio.