Redevelopment Loan definition

Redevelopment Loan means a loan to be provided by the City to the Developer in the not to exceed principal amount, at the interest rate and due and payable on or before the Completion Date as specified in Section 4.1(a) of this Agreement.
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Examples of Redevelopment Loan in a sentence

  • They provide investors and donors with permanent opportunities to leverage community resources in response to natural and human-made disasters.117 The Isaiah Funds consist of two separate funds: the Isaiah Redevelopment Loan Fund and the Isaiah Access to Capital Grants Fund.

  • Because lenders, investors, and developers sometimes fear liability for cleaning up the contamination they did not create, they are attracted to developments in newer areas, or “greenfields.”What is the Brownfields Redevelopment Loan Fund?The Brownfield Revolving Loan Fund (BRLF) helps eligible borrowers pay for the clean up of brownfields.

  • All resolutions or parts of resolutions in conflict with any of the provisions of this Resolution are hereby repealed.BROWNFIELD REDEVELOPMENT LOAN AGREEMENT This Brownfield Redevelopment Loan Agreement is made on betweenSouthwind Restaurants, LLC, a limited liability corporation, whose address is 109 East Broadway, Mount Pleasant, Michigan 48858 ("Developer") and the city of Owosso, a Michigan Municipal corporation, whose address is 301 W.

  • DEBT ADMINISTRATIONThe Governmental Activities of City of Alma currently have a Brownfield Redevelopment Loan outstanding with Michigan Department of Environmental Quality.

  • The following sub-funds are used: Operating fund, Gateway II fund, Buffalo East fund, Ag Park fund, Med Tech Park fund, WNY STAMP fund, Med Tech Centre fund, Economic Development Loan fund, and Batavia Micropolitan Area Redevelopment Loan fund.

  • Update:Envirologic has created a Conceptual Brownfield Redevelopment Loan document related toaddressing the contaminant conditions at the Phase II area slated for future residential development.

  • The Redevelopment Loan shall be a straight line of credit in the principal amount of up to $92,000, shall bear interest at a non-default rate of -0%- per annum, and shall be due and payable upon demand on the day immediately following the date occurring two years from and after the Project Completion Date.

  • Procurement Conflicts Your standards must require that no employee, officer, agent of the recipient or administering agency may participate in the selection or administration of a contract supported by INTR Redevelopment Loan funds if the conflict of interest real or apparent, would be involved.

  • In FY 2019, CIC approved and closed or had closings pending for:• 64 loans for $60.2 million in the Multifamily Loan Program, including Energy Flex loans.• $1.5 million of mezzanine debt for 6 loans under the Opportunity Investment Fund.• 13 first and second mortgage loans for $5.5 million under the 1-4 Unit Rental Redevelopment Loan Program.• One TIF Vacant Building matching grant for $285,000.

  • The HSBC loans and the second Barclays loan were fully repaid as part of the arrangement.The interest rate for the Brampton House Redevelopment Loan is 1.994% above the London Inter-Bank Overnight Rate (LIBOR).

Related to Redevelopment Loan

  • Redevelopment Agreement means an agreement between the

  • Redevelopment Law means Article VIII, Section 12 of the Constitution of the State and Chapter 18, Article 21, Reissue Revised Statutes of Nebraska, as amended.

  • Redevelopment project means a specific construction project

  • Redevelopment entity means a municipality or an entity

  • Redevelopment means areas where development is replacing older development.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • Redevelopment Contract means this redevelopment contract between the Authority and Redeveloper with respect to the Project.

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Redevelopment Commission means the Fishers Redevelopment Commission.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Redeveloper means any person, firm, corporation or public

  • Commercial project means any project, including, but not

  • Development Project means a project for the development of land within a project area.

  • Commercial loan means a loan that is not made primarily for

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Large project means, for purposes of the Soft Cost Ratio limitation in Section 3.F, a Project with more than 24 Housing Credit units.

  • Temporary clean coal technology demonstration project means a clean coal technology demonstration project that is operated for a period of five years or less and that complies with the SIP and other requirements necessary to attain and maintain the national ambient air quality standards during the project and after the project is terminated.

  • Initial Loan is defined in Section 2.1.

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.