Predevelopment Budget definition

Predevelopment Budget means the budget, including sources and uses of funds to fund the Predevelopment Obligations showing the percentage to be funded by the Predevelopment Component, as approved by the County, and attached hereto and incorporated herein as Exhibit E.

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Predevelopment Budget means the pro-forma predevelopment budget, including sources and uses of funds, and showing the amount of each line item to be funded by the Loan, attached hereto and incorporated herein as Exhibit B, which may be amended with the approval of the Authority as set forth in this Agreement.

Predevelopment Budget means the predevelopment attached hereto as Schedule 5. Principal: $230,000,000.00, less all prepayments and repayments of the principal amount of the Loan from time to time in accordance with the terms and provisions of this Agreement and the other Loan Documents.

Examples of Predevelopment Budget in a sentence

The Grantee will ensure that the funds are expended in conformance with the HUD-approved Predevelopment Budget.
Upon written approval by HUD of the Predevelopment Budget (with any modifications required by HUD), funds may be drawn down for eligible Predevelopment Costs (as defined below), subject to the limitations of subparagraph 1(b), in accordance with the provisions of this Grant Agreement.
Attached hereto as Exhibit A is the Predevelopment Budget approved by the City and the Owner for Phase 2, in the total budgeted amount of $816,900.00 (the “Predevelopment Budget”).
The City agrees to make a loan to the Owner in a principal amount of up to $500,000.00 to cover the costs incurred by the Owner prior to Closing for activities identified in the Predevelopment Budget (the “Predevelopment Loan”).
The Owner shall submit to the City, no more often than monthly, a payment request for the reimbursement of Predevelopment Loan funds for expenditures incurred for activities identified in the Predevelopment Budget, or the portion thereof permitted to be funded hereunder or a request for payment for services or activities completed by a third party that has been invoiced and not yet paid.
The Owner shall make available for review by the City copies of all contracts for work intended to fulfill the Predevelopment Budget, or any portion thereof.
In addition to any other rights of Lender hereunder, any material change to the Predevelopment Budget or the Business Plan shall require the prior approval of Lender, which approval shall not be unreasonably withheld, conditioned or delayed.
Except as expressly set forth in the Business Plan and the Predevelopment Budget, Borrower shall not suffer, permit or initiate the joint assessment of the Property (i) with any other real property constituting a tax lot separate from the Property, and (ii) with any portion of the Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Property.
Written consent of the County is required to change the Predevelopment Budget.
Funds in the Available Cash Reserve may not be used to pay the cost of the Phase II Report or any Phase II Remediation Work, except to the extent such amounts are included in the Predevelopment Budget.

More Definitions of Predevelopment Budget

Predevelopment Budget means the Predevelopment Budget attached hereto as Attachment No. 4, setting out the general categories of Eligible Predevelopment Costs and the Developer's anticipated budget for such costs. The Predevelopment Budget is subject to revision from time to time as mutually agreed upon in writing between the Developer and the City. The City authorizes the City Manager to make such revisions to the Predevelopment Budget as deemed reasonably necessary to effectuate the purposes of this Agreement.

Predevelopment Budget means that certain Predevelopment Budget included as a part of Exhibit A that sets out specific, eligible line item categories of Eligible Predevelopment Activities and the amount of Predevelopment Loan proceeds allocated to each category.

Predevelopment Budget means the budget including uses of funds for the predevelopment activities, attached hereto as Exhibit A.