Legal and Administrative Expenses means all the fees and expenses incurred by the Authority in connection with the review and analysis of the development proposed under this Agreement, the administration of the Tax Increment Financing Plan and the Tax Increment District, the preparation of this Agreement, the issuance of the Tax Increment Note, and the recording of the Assessment Agreement including, but not limited to, attorney and municipal advisor fees and expenses; Note Payment Date means August 1, 2025, and each February 1 and August 1 of each year thereafter to and including February 1, 2034; provided, that if any such Note Payment Date should not be a Business Day, the Note Payment Date shall be the next succeeding Business Day;
Legal and Administrative Expenses means the fees and expenses incurred by the City in connection with the preparation of this Agreement and the issuance of the TIF Note; Note Payment Date means August 1, 2022, and each February 1 and August 1 of each year thereafter to and including February 1, 2048; provided, that if any such Note Payment Date should not be a Business Day, the Note Payment Date shall be the next succeeding Business Day;
Legal and Administrative Expenses means the fees and expenses incurred by the City or HRA in connection with review and analysis of the development proposed under this Agreement with the adoption and administration of the TIF Plan and establishment of the TIF District, the preparation of this Agreement and the issuance of the TIF Note including, but not limited to, attorney and municipal advisor fees and expenses;
Examples of Legal and Administrative Expenses in a sentence
On each Payment Date the City shall pay by check or draft mailed to the person that was the Registered Owner of this Note at the close of the last business day of the City preceding such Payment Date Tax Increment received by the City following the reimbursement to the City of Legal and Administrative Expenses as identified in the Development Agreement by and between the City and Developer dated, , 2015.
Section 3.1 Site Improvements and Legal and Administrative Expenses.
More Definitions of Legal and Administrative Expenses
Legal and Administrative Expenses means all expenditures of the City other than those expenses defined in Minn. Stat. § 469.17, Subd. 14; Minimum Improvements means a proposed 40-unit rental townhome project constructed in a four-year phasing of the project, with 12 units proposed in 2016, 8 units in 2017, 8 units in 2018 and 12 units in 2019, by the Developer on the Development Property;
Legal and Administrative Expenses means all the fees and expenses incurred by the Authority in connection with the adoption and administration of the Tax Increment Financing District, the preparation of this Agreement, the issuance of the Tax Increment Note, and the recording of the Assessment Agreement;
Legal and Administrative Expenses means all the fees and expenses incurred by the Authority in connection with the review and analysis of the development proposed under this Agreement, this Agreement, the issuance of the TIF Note (as hereinafter defined), and the recording of the Assessment Agreement including, but not limited to, attorney and municipal advisor fees and expenses; Note Payment Date means August 1, 2026, and each February 1 and August 1 of each year thereafter to and including February 1, 2031; provided, that if any such Note Payment Date should not be a Business Day, the Note Payment Date shall be the next succeeding Business Day;
Legal and Administrative Expenses means the fees and expenses actually incurred by the City in connection with the review and analysis of the development proposed under this Agreement, the adoption and administration of the Tax Increment Financing Plan and establishment of the Tax Increment District, the preparation of this Agreement and the issuance of the TIF Note including, but not limited to, attorney and municipal advisor fees and expenses; Note Payment Date means August 1, 20242025, and each February 1 and August 1 of each year thereafter to and including February 1, 2050; provided, that if any such Note Payment Date should not be a Business Day, the Note Payment Date shall be the next succeeding Business Day; Prime Rate means the rate of interest from time to time publicly announced by U.S. Bank National Association in St. Xxxx, Minnesota, as its "prime rate" or "reference rate" or any successor rate, which rate shall change as and when that rate or successor rate changes; Project means the redevelopment of a portion of the Development Property with the construction of an industrial flex warehouse building of approximately 150,000 square feet on the Development Property located in the City and leased to one or more tenants;
Legal and Administrative Expenses means the fees or expenses incurred by the City and the Authority in connection with the preparation of this Agreement and the establishment of the Tax Abatement Program; Project means the construction by the Company of a minimum 12,000 square-foot facility, valued at $2,500,000, located on the Tax Abatement Property; State means the State of Minnesota; Tax Abatement Act means Minnesota Statutes, Sections 469.1812 through 469.1815, as amended; Tax Abatement Program means the actions by the City pursuant to Minnesota Statutes, Section 469.1812 through 469.1815, as amended, and undertaken in support of the Project; Tax Abatement Property means the real property described on Exhibit A, attached hereto;
Legal and Administrative Expenses means the fees and expenses incurred in connection with the preparation and administration of this Development Agreement;