Minimum Project Valuation definition

Minimum Project Valuation means the amount of Seven Hundred Thousand and No/100 Dollars ($700,000.00).”
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Minimum Project Valuation means the amount of One Million Seven Hundred Fifty Thousand and No/100 Dollars ($1,750,000.00).
Sample 1
Minimum Project Valuation means an amount equal to the following for each phase of the Project: (1) Three Million Two Hundred Thirteen Thousand Two Hundred and No/100 Dollars ($3,213,200.00) for Phase One; (2) Three Hundred Fifty-Three Thousand Two Hundred and No/100 Dollars ($353,200.00) for Phase Two; and (3) Three Hundred Fifty-Three Thousand Two Hundred and No/100 Dollars ($353,200.00) for Phase Three.
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Examples of Minimum Project Valuation in a sentence

  • During the period of this Redevelopment Agreement, Redeveloper, its successors and assigns, will: (1) not protest a real estate property valuation of the Project Site to a sum less than the Minimum Project Valuation; and (2) not convey the Project Site or structures thereon to any entity which would be exempt from the payment of real estate taxes or cause the nonpayment of such real estate taxes.

  • Redeveloper has agreed to create a taxable real property valuation of the Project and Project Site of not less than the Minimum Project Valuation no later than the Project Completion Date.

  • During the period of this Amendment following the applicable Effective Date, Redeveloper and their successors and assigns, shall: (a) not protest real property valuation of the Project and Project Site to a sum less than or equal to the Minimum Project Valuation; and (b) not convey the Project Site to any entity would be exempt from the payment of real estate taxes.

  • The Redeveloper intends to create taxable real property valuation for each phase of the Project not less than the Minimum Project Valuation as defined in this First Amendment.

  • During the period of this Agreement, Redeveloper, its successors and assigns, will: (1) not protest a real estate property valuation of the Project and Project Site to a sum less than or equal to the Minimum Project Valuation; and (2) not convey the Project Site or structures thereon to any entity which would be exempt from the payment of real estate taxes or cause the nonpayment of such real estate taxes.

  • Every purchaser of a home on the Phase Two Site shall be subject to this provision so as to not protest any assessed valuation that would bring the valuation for a particular phase to an amount less than or equal to the Minimum Project Valuation.

  • If, during the period of this Redevelopment Agreement, the Project Site is assessed at less than the Minimum Project Valuation, Redeveloper shall be responsible for any shortfall in the Tax Increment generated by the Project.


More Definitions of Minimum Project Valuation

Minimum Project Valuation means an amount equal to the following valuation necessary to support the tax increment financing indebtedness for each phase of the Project:
Sample 1Sample 2
Minimum Project Valuation means the amount of Three Million and No/100 Dollars ($3,000,000).
Sample 1
Minimum Project Valuation means an amount equal to the valuation of each lot in the Phase 3 Site necessary to support the tax increment financing indebtedness for each lot in the Phase 3 Site, which is One Hundred Sixty Eight Thousand Six Hundred Fifty and No/100 Dollars ($168,650.00) (the “Minimum Phase 3 Lot Valuation”).
Sample 1
Minimum Project Valuation means the amount of Eight Hundred Thirty Two Thousand Two Hundred Seventy Two and No/100 Dollars ($832,272.00).
Sample 1
Minimum Project Valuation means the amount of One Million Four Hundred Thousand and No/100 Dollars ($1,400,000.00).
Sample 1
Minimum Project Valuation means the amount of Three Hundred Thirty Six Thousand Six Hundred and No/100 Dollars ($336,600.00).
Sample 1

Related to Minimum Project Valuation

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Total Contract Value means contract value plus statutory dues like GST etc. and any other amount payable under contract.