Infrastructure improvement credit definition

Infrastructure improvement credit means a credit against the fee as provided by Section 12‑44‑70.
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Infrastructure improvement credit means the credit in the amount set forth in Section 5.02 hereof against the FILOT Payments as authorized by Section 12-44-70 of the Act and Section 4-1-175 of the Joint-County Industrial and Business Park Act to reimburse the Company for Cost of the Infrastructure.
Sample 1Sample 2
Infrastructure improvement credit means a credit against the fee as provided by Section 12-44-70.
Sample 1Sample 2Sample 3

Examples of Infrastructure improvement credit in a sentence

  • The Company shall re-certify the cumulative amount of the Cost of the Infrastructure if, in any year in which an Infrastructure Improvement Credit is to be applied, the cumulative amount of the Infrastructure Improvement Credits will exceed the cumulative amount of the Cost of Infrastructure as previously certified.

  • For example, should the Company elect to apply the Infrastructure Improvement Credit against its 2015 fee in lieu of tax bill (which would be due and payable on or before January 15, 2016), the Company shall certify the cumulative total amount of the Cost of the Infrastructure as of December 31, 2014.

  • Prior to the first year’s Infrastructure Improvement Credit to be credited against the Company’s FILOT Payments as provided in this Section 5.02(a), the Company shall certify the cumulative total amount of the Cost of the Infrastructure as of December 31 of the year to which such FILOT Payments relate.

Related to Infrastructure improvement credit

  • Critical infrastructure means existing and proposed systems and assets, whether physical or virtual, the incapacity or destruction of which would negatively affect security, economic security, public health or safety, or any combination of those matters.++

  • Green infrastructure means a stormwater management measure that manages stormwater close to its source by:

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.