Examples of Development Project Site in a sentence
The Developer agrees to pay and discharge, promptly and when the same shall become due, all general real estate taxes, and all applicable interest and penalties thereon, that at any time shall become due and payable upon or with respect to, or which shall become liens upon, any part of the Development Project Site.
No such approval shall be denied except on the basis that either of the following have not been sufficiently documented or specified: (i) the amount of the total Eligible Redevelopment Project Costs paid and incurred by the Developer, or (ii) such Eligible Redevelopment Project Costs being directly related to the costs paid or incurred by the Developer for the Private Development Project at the Development Project Site.
The City pledges to the payment of its obligations hereunder only such amount of the Incremental Property Taxes attributable to the Private Development Project at the Development Project Site as is set forth in Section 3.1 hereof, if, as and when received, and not otherwise.
Nothing contained within this Section 4.7 shall be construed, however, to prohibit the Developer from initiating and prosecuting at its own cost and expense any proceedings permitted by law for the purpose of contesting the validity or amount of real estate taxes assessed and levied upon the Development Project Site or any part thereof.
Contribution for non-residential Development Projects can be made in three ways: Option 1: Installation of Public Art within a Development Project; • Option 1 allows for the Developer to install a permanent public art piece on the Development Project Site.
INFORMATION ABOUT THE FINANCIAL PERFORMANCE / FINANCIAL POSITION OF THE SUBSIDIARIES / ASSOCIATES/ JOINT VENTURES: As on 31st March, 2021, the Company has one Subsidiary Company namely Delicieux Restaurants Private Limited.
Any such further review and approval by the City under this Section shall be limited to confirming whether such Design Proposal qualifies as one of the alternativeprojects specified for Lot 100 of the Development Project Site within the meaning of the Private Development Project.
The City and the Developer agree that the Eligible Redevelopment Project Costs constituting the Reimbursement Amounts shall be paid solely, and to the extent available, from Incremental Property Taxes attributable to the Development Project at the Development Project Site that are actually received and deposited in the Fund and not otherwise.
The City and the Developer agree that the Eligible Redevelopment Project Costs constituting the Reimbursement Amounts shall be paid solely, and to the extent available, from Incremental Property Taxes attributable to the Private Development Project at the Development Project Site that are actually received and deposited in the Fund and not otherwise.
In the event that any failure of the City to pay any Reimbursement Amounts, including any Annual Reimbursement Amounts, which become due and payable in accordance with the provisions of Article V hereof is due to insufficient Incremental Property taxes which are directly attributable to the Development Project at the Development Project Site being actually received by the City, any such failure shall not be deemed to be a Default on the part of the City.