Minimum Actual Value definition

Minimum Actual Value means the actual value assigned to the Minimum Improvements and the Development Property, pursuant to the Minimum Assessment Agreement entered into between the parties and the County Assessor.
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Minimum Actual Value means the actual value assigned to the Development Property (combined land and building/improvement value), pursuant to the Minimum Assessment Agreement entered into between Developer, City, and the Assessor.
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Minimum Actual Value means $111,111,100, such amount representing the minimum actual value to be assigned to the Minimum Improvements, pursuant to the Minimum Assessment Agreement entered into between Developer, County, and the Assessor.
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Examples of Minimum Actual Value in a sentence

  • Upon the execution of this Agreement, the Developer and the City shall execute a Minimum Assessment Agreement pursuant to the provisions of Section 403.6(19) of the Code specifying the Assessor's Minimum Actual Value for the Minimum Improvements and the Development Property for calculation of real property taxes in the form attached as Exhibit D ("Assessment Agreement" or "Minimum Assessment Agreement").

  • As further consideration for this Agreement, Xxxxxxxxx shall execute, contemporaneous with the execution of this Agreement, an Assessment Agreement pursuant to the provisions of Iowa Code Section 403.6(19) specifying the Assessor’s Minimum Actual Value of the Development Property, with the Minimum Improvements thereon, for calculation of real property taxes in the form attached as Exhibit G (“Assessment Agreement” or “Minimum Assessment Agreement”).

  • As further consideration for this Agreement, Developer, City, and the County Assessor shall execute an Assessment Agreement pursuant to the provisions of Iowa Code Section 403.6(19) specifying the Assessor’s Minimum Actual Value for the Minimum Improvements on the Development Property for calculation of real property taxes in the form attached as Exhibit F (“Assessment Agreement” or “Minimum Assessment Agreement”).

  • Nothing in the Assessment Agreement shall limit the discretion of the Assessor to assign an actual value to the property in excess of such Minimum Actual Value nor prohibit Developer from seeking through the exercise of legal or administrative remedies a reduction in such actual value for property tax purposes; provided, however, that Developer shall not seek a reduction of such actual value below the Minimum Actual Value in any year so long as the Assessment Agreement shall remain in effect.

  • As further consideration for this Agreement, Developer, County, and the Assessor shall execute an Assessment Agreement pursuant to the provisions of Iowa Code Section 403.6(19) specifying the Assessor's Minimum Actual Value for the Minimum Improvements on the Development Property for calculation of real property taxes in the form attached as Exhibit F ("Assessment Agreement" or "Minimum Assessment Agreement").

  • The Developer and Lessee agree to, and with the City shall execute, as soon as the plans and specifications for the Minimum Improvements are prepared but no later than the Closing Date, an Assessment Agreement pursuant to the provisions of Iowa Code Section 403.19 (2015) specifying the Assessor’s Minimum Actual Value for the Development Property and the Minimum Improvements for calculation of real property taxes.

  • The Developer agrees to enter into an Assessment Agreement with the County, as of the date of this Agreement, pursuant to the provisions of Section 403.6(19) of the Code of Iowa, specifying the Assessor’s Minimum Actual Value for the Development Property and the Minimum Improvements for calculation of real property taxes.

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  • Specifically, Developer, County, the Assessor, the holder of any mortgage and all prior lienholders shall agree to a Minimum Actual Value for the Minimum Improvements to be constructed on the Development Property of not less than $111,111,100 upon completion of any portion of the Minimum Improvements until the Assessment Agreement Termination Date (as defined below).

  • Specifically, Developer, City, the City Assessor, the holder of any mortgage and all prior lienholders shall agree to a Minimum Actual Value for the Minimum Improvements to be constructed on the Development Property of not less than $100,000,000 upon completion of the Minimum Improvements until the Assessment Agreement Termination Date (as defined below).


More Definitions of Minimum Actual Value

Minimum Actual Value means the actual value assigned to the Minimum Improvements (including taxable equipment), pursuant to the Minimum Assessment Agreement entered into between Developer, City, and the City Assessor.
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Related to Minimum Actual Value

  • Total Value means either the fair market value or the actual price paid for a covered animal part or product, whichever is greater.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • Maximum Daily Limit means the maximum allowable "Daily Concentration" (defined above) when expressed as a concentration (e.g. mg/l), otherwise, it means the maximum allowable "Daily Quantity" as defined above, unless it is expressed as a flow quantity. If expressed as a flow quantity it means "Maximum Daily Flow" as defined in Section 22a-430-3(a) of the RCSA.

  • Base Residual Value means, for a Lease, the lower of (a) the Contract Residual Value of the Lease and (b)(i) the ALG Residual Value of the related Leased Vehicle or (ii) if the Servicer does not have an ALG Residual Value, the oldest ALG MTM Residual Value that the Servicer has for the related Leased Vehicle.

  • Marginal Value means the difference between actual taxable value and base taxable value.

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

  • Threshold means with respect to Party B: infinity.

  • Maximum allowable cost list means a list of drugs for