Eligible Capital Improvements definition
Eligible Capital Improvements means improvements to the Home that constitute an addition to the Owner’s federal income tax basis in the Home as determined by federal regulations in effect when the Home is sold or transferred, and as can be substantiated, in the reasonable determination of the City, by sales receipts or other documentation of actual value benefiting the Home provided to the City by the Owner. The Owner is responsible for maintaining adequate records to satisfy this requirement. Eligible Capital Improvements are reflected in line 8 of the Formula.
Eligible Capital Improvements means improvements: (i) made or installed by the Borrower; (ii) whose initial cost was at least the greater of Two Thousand Dollars ($2,000) or one percent (1%) of the original purchase price of the Home.
Eligible Capital Improvements means only those improvements approved in writing by the SDCLT or its designee in accordance with SDCLT’s Capital Improvements Policy as revised from time to time.
Examples of Eligible Capital Improvements in a sentence
However, only Eligible Capital Improvements may be included in the calculation of the re-sale price limit, as set forth herein.
No other categories or types of expenditures may qualify as Eligible Capital Improvements unless prior approval by the City is given in writing, which approval may be granted or denied in the City’s sole discretion.
More Definitions of Eligible Capital Improvements
Eligible Capital Improvements means any health and safety-related improvements to the Property as may be approved by the City in accordance with Section 3.5.
Eligible Capital Improvements means those certain capital improvements to the Unit that are specifically designated by DHND (as defined below) as eligible for purposes of determining the Maximum Sale Price of the Unit pursuant to Article VI hereof. To qualify for an Eligible Capital Improvement the Owner must submit to DHND, in advance of commencing the installation or construction of the improvement, a request for approval of any proposed capital improvement, and obtain that approval from DHND.
Eligible Capital Improvements means new and unused or refurbished and under warranty operating equipment acquired and installed for use in the Company’s business operations, that have been installed and accepted by the Company within six (6) months of the date of the making of the CAPEX Term Loan that relates to such equipment.
Eligible Capital Improvements means only those improvements approved in writing by the SDCLT or its designee in accordance with SDCLT’s Capital Improvements Policy as revised from time to time. To qualify for an Eligible Capital Improvement, Homeowner must submit a request for approval to SDCLT or its designee in advance of performing any work, along with plans and specifications for the proposed work, and contractor bids or other cost estimates and any other items required by SDCLT’s Capital Improvements Policy. SDCLT or its designee shall approve any Eligible Capital Improvements prior to the commencement of construction. The Approved Value of any Eligible Capital Improvement shall not exceed eighty-five percent (85%) of the documented costs of such improvement. SDCLT shall have an opportunity to inspect to insure completion and satisfactory workmanship prior to issuing a final letter stating the Approved Value of an Eligible Capital Improvement and the approved depreciation schedule.
Eligible Capital Improvements means any capital improvements or upgrades needed to address a health or safety issue affecting the Property, in the discretion of the City, (a) made or installed by the Owner that conform with applicable building codes; (b) approved in
Eligible Capital Improvements means any capital improvements or upgrades needed to address a health or safety issue affecting the Property, in the discretion of the City, (a) made or installed by the Owner that conform with applicable building codes; (b) approved in writing by City prior to installation; (c) whose initial costs are Two Thousand Dollars ($2,000) or more; and (d) conform to Federal Housing Quality Standards. City, prior to an Owner commencing work on the Capital Improvements, shall in its sole and absolute discretion determine