Major Improvement Area Assessment Roll definition

Major Improvement Area Assessment Roll means the Assessment Roll for the Major Improvement Area Assessed Property, as updated, modified or amended from time to time in accordance with the procedures set forth herein and in the PID Act, including any O&M Annual Service Plan Updates. The Major Improvement Area Assessment Roll is included in this O&M Service and Assessment Plan as Exhibit C-2.

Major Improvement Area Assessment Roll means the Assessment Roll for the Major Improvement Area Assessed Property and included in this Service and Assessment Plan as Exhibit J, as updated, modified, or amended from time to time in accordance with the procedures set forth herein and in the PID Act, including updates prepared in connection with the issuance of PID Bonds or in connection with any Annual Service Plan Update.

Major Improvement Area Assessment Roll means the Assessment Roll attached as Exhibit J to the Service and Assessment Plan or any other Assessment Roll in an amendment or supplement to the Service and Assessment Plan or in an Annual Service Plan Update, showing the total amount of the Major Improvement Area Assessment against each Major Improvement Area Assessed Property related to the Bonds and the Major Improvement Area Projects, as updated, modified, or amended from time to time in accordance with the terms of the Service and Assessment Plan and the PID Act.

Examples of Major Improvement Area Assessment Roll in a sentence

• The Major Improvement Area Refunding Bonds are being issued to refund the pro rata portion of the 2014 Major Improvement Bonds relating to Phase #2B, Phase #3B, and Phase #4 and are secured by the Assessments shown on the Major Improvement Area Assessment Roll.

• The Major Improvement Area Assessments constituting the security for the Bonds have been levied by the City in accordance with the Act on those parcels of land identified in the Major Improvement Area Assessment Roll (as defined in the Service and Assessment Plan).

• The Major Improvement Area Assessment Roll is attached as Exhibit C-2.

• The Assessment and Annual Installments for each Parcel or Lot located within the Major Improvement Area is shown on the Major Improvement Area Assessment Roll - Initial Major Improvements and Major Improvement Area - Additional Major Improvements, attached as Appendix G and Appendix H, respectively, and no Assessment shall be changed except as authorized by this Service and Assessment Plan or the PID Act.

• The Major Improvement Area Assessment Roll - Initial Major Improvements sets forth for each year the Annual Installment for each Parcel based on an interest rate of 3.50% in years 1 through 5 (2022-2026), 4.00% in years 6 through 10(2027-2031), 4.25% in years 11 through 20 (2032-2041), and 4.50% in years 21 through 30 (2042- 2051) on the Initial Major Improvement Area Bonds, and an additional interest at the rate of 0.5% for Additional Interest Reserve.

• All of the Major Improvement Area Assessed Property being assessed in the amounts shown on the Major Improvement Area Assessment Roll will be benefited by the Major Improvement Area Projects as described in the Service and Assessment Plan, and each assessed Parcel of Major Improvement Area Assessed Property will receive special benefits equal to or greater than the total amount assessed for the Major Improvement Area Projects.

• Theprojected Improvement Area #2 Annual Installments are shown on Exhibit I, subject to revisions made during any Annual Service Plan Update.Major Improvement Area Assessments will be levied on the Major Improvement Area Initial Parcel as shown on the Major Improvement Area Assessment Roll, attached hereto as Exhibit J.

• Furthermore, the Annual Installments may not exceed the amounts shown on the Major Improvement Area Assessment Roll - Initial Major Improvements or the Major Improvement Area Assessment Roll - Additional Major Improvements.

• The Assessments for the Initial Major Improvement Area Bonds and the Phase #1 Bonds have been levied on each Parcel or Lot according to the Major Improvement Area Assessment Roll - Initial Major Improvements, attached as Appendix G, and the Phase #1 Assessment Roll - Phase #1 Improvements and Initial Major Improvements, attached as Appendix I, as applicable.

• The Major Improvement Area Assessed Property will be allocated 100% of the Major Improvement Area Assessments levied on the Major Improvement Area Initial Parcel for the Major Improvement Area Projects and District Formation Expenses and Bond Issuance Costs, which equal $7,090,000, as shown on the Major Improvement Area Assessment Roll attached hereto as Exhibit J; and4.

More Definitions of Major Improvement Area Assessment Roll

Major Improvement Area Assessment Roll means the Assessment Roll for the Major Improvement Area Assessed Property within the District, as updated, modified or amended from time to time in accordance with the procedures set forth herein and in the PID Act, including any

Major Improvement Area Assessment Roll means the Assessment Roll covering the Major Improvement Area, attached hereto as Exhibit J, as updated, modified, or amended from time to time in accordance with the procedures set forth herein and in the Act, including updates prepared in connection with the issuance of PID Bonds or in connection with any Annual Service Plan Updates.

Major Improvement Area Assessment Roll means the document included in this SAP as Appendix A, as updated, modified or amended from time to time in accordance with the procedures set forth herein and in the PID Act, including updates prepared in connection with the issuance of the Major Improvement Area Bonds or in connection with any Annual Service Plan Update.