Eligible Development definition

Eligible Development means the development of Eligible Uses on the Eligible Property which occurs following remediation that would enable the Owner to file a record of site condition with respect to the Eligible Property in the Environmental Site Registry under section 168.4 of the Environmental Protection Act.

Eligible Development means the development of Eligible Uses on the Eligible Property which occurs following remediation that would enable the Owner to file a record of site condition or comply with any certificate of property use with respect to the Eligible Property in the Environmental Site Registry under section 168.4 of the Environmental Protection Act. The Brownfield Remediation Tax Assistance provided for in this by-law relates only to the portion of the Property upon which a 6 storey, new build office building described in the Property Tax Incentive Application, is to be located.

Eligible Development means the development of Eligible Uses on the Eligible Property, as more specifically described in the Financial Incentives Agreement and the IMIT Property Tax Incentive Application attached as Schedule "D" thereto, that occurs following remediation, and that would enable the Owner to file a record of site condition with respect to the Eligible Property in the Environmental Site Registry under section

Examples of Eligible Development in a sentence

• Eligible Development Costs‌All costs must be incurred within the GRANT PERFORMANCE PERIOD.

• Eligible Development District expenses include design, permitting, and construction of necessary infrastructure to support a development project in an approved Development District.

• Destination Municipal CVA Taxes ( - ) Base Municipal CVA Taxes In calculating the Tax Assistance available for Eligible Development, the Tax Increment shall be calculated in the first year that the subject Assistance is payable, and shall remain fixed for the duration of the Tax Assistance, subject to the provisions for adjustment as set out in the Financial Incentives Agreement.

• The Base Municipal CVA Taxes shall be fixed in this manner for the purposes of determining the Municipal Tax Increment for the Eligible Development, subject to any adjustment arising from assessment appeals or changes to CVA made by the Municipal Property Assessment Corporation ("MPAC") through requests for reconsideration, equity changes or gross error, and shall remain unchanged for the duration of the term of the payment of Development Grants for the Eligible Development.

• Priority I Applications that requested Development Funding and Land Acquisition Funding will meet the Funding Test by meeting either of the following conditions: • There is enough Development Funding available to fully fund the Eligible Development Funding Request Amount and there is enough Land Acquisition Program Funding available to fully fund the Eligible Land Acquisition Program Funding Request Amount.

More Definitions of Eligible Development

Eligible Development means a Development eligible for financing under this Program, as described in Section 2.5.

Eligible Development means a development in a revitalization area that is

Eligible Development means a Development which:

Eligible Development means the use of land for not-for-profit rental housing, including, but not limited to supportive housing.

Eligible Development means a Development specified in Section 3.2 of this Bylaw;

Eligible Development means the development of a thirty six storey, new build office building and the podium office located in the two mixed use buildings to the west as described in the property tax incentive application and TE34.11, as adopted by City Council at its meeting held on July 23, 2018, to be located on the Eligible Property following remediation of the Eligible Property that will enable the Owner to file a record of site condition with the Environmental Site Registry under section 168.4 of the Environmental Protection Act.

Eligible Development means the development of Eligible Uses on the Eligible Property which occurs following remediation that would enable the Owner to file a Record of Site Condition with respect to the Eligible Property in the Environmental Site Registry under section 168.4 of the Environmental Protection Act and includes only the development of an eight storey, new build office building known as the "Atlantic-Liberty Building to be located on the westerly portion of the Property, as more specifically described in the IMIT Property Tax Incentive Application attached as Schedule "D" to the Financial Incentives Agreement. The Tax Assistance provided for under this by-law does not include any other development on the Property.