Redevelopment Powers Law definition

Redevelopment Powers Law means the Redevelopment Powers Law, O.C.G.A. §36-44-1,

Redevelopment Powers Law means Chapter 44 of Title 36 of the Official Code of Georgia Annotated, as amended.

Redevelopment Powers Law shall have the meaning assigned thereto in the Recitals.

Examples of Redevelopment Powers Law in a sentence

• The Redevelopment Powers Law provides that ACC may enter into public-private partnerships to accomplish the redevelopment projects contemplated in the Redevelopment Plan.

• References herein to actions by ACC or the Mayor and Commission that are among the redevelopment powers delegated to the Redevelopment Agency by such resolution, or that the Redevelopment Powers Law specifies are to be taken by the Redevelopment Agency, shall be deemed references to the Redevelopment Agency.

• This Agreement does not eliminate or modify Owner’s obligation to adhere to ACC’s normal administrative process for licenses, permits, land use and other approvals and shall not be construed in such a manner as will exceed the authorizations under the Redevelopment Powers Law, the ACC Code, the provisions of the Constitution and laws of the State governing ACC, or other provisions of State law.

• THIS COMMUNITY BENEFITS AGREEMENT (this “Agreement”), dated as of , 2023 (the “Dated Date”), is made between THE LEAVEN GROUP LLC, a Georgia limited liability company (the “Owner”), and the UNIFIED GOVERNMENT OF ATHENS-CLARKE COUNTY, GEORGIA, a political subdivision of the State of Georgia (“ACC”), in its respective capacities as ACC’s “local legislative body” or “redevelopment agency”, as appropriate, under the Redevelopment Powers Law, O.C.G.A. §36-44-1, et seq.

• This Agreement will commence on the Effective Date and will continue for a period (the “Term”) expiring at 5:00 o’clock p.m., ACC time, on the day before the thirtieth (30th) anniversary of the Effective Date (the “Expiration Date”), subject to earlier termination as provided herein, provided, that, any provision hereof to the contrary notwithstanding, in no event shall the Term of this Agreement continue beyond the 30-year period provided in O.C.G.A. §36-44-19, part of the Redevelopment Powers Law.

• ACC is duly authorized to exercise redevelopment powers under the Redevelopment Powers Law by 2006 Ga. Laws p.

More Definitions of Redevelopment Powers Law

Redevelopment Powers Law shall have the meaning assigned thereto in the Recitals. “Reimbursable Project Costs” means any and all costs allowed to be reimbursed out of by this Agreement, the Redevelopment Plan, and the Redevelopment Powers Law (O.C.G.A. §36-44-3(8), incurred by the Owner, Owner’s Affiliates, any Vertical Owner, any successor and assign of Owner, any Person succeeding to all or a portion Owner’s development interests in the Project, and/or any other Person performing Vertical Development (including parking and horizontal construction), but shall be limited to hard, soft, construction management and other costs directly relating to the Project and shall not include any corporate overhead, corporate costs, Owner’s fees or Owner’s profits not directly related to the Project, or costs for goods, services or materials that exceed the market cost for similar items in the MSA as adjusted for all relevant factors (and it shall be deemed concluded that the costs for goods, services or materials do not exceed the market cost for similar items in the MSA if such goods, services or materials, as applicable, are supported by a competitive bidding process that solicited at least three (3) conforming bids). For the avoidance of doubt, a Redevelopment Cost shall not be considered a Reimbursable Project Cost if its reimbursability pursuant hereto is, (a) excluded by the provisions of Article IX, below, or (b) limited by a limitation contained in Article IX, below, or another provision hereof, but only to the extent by which it exceeds such limitation.

Redevelopment Powers Law means Chapter 44 of Title 36 of the Official Code of Georgia Annotated, as amended from time to time.

Redevelopment Powers Law means the Redevelopment Powers Law, O.C.G.A. Sec.36-44-1, et seq., as amended.

Redevelopment Powers Law shall have the meaning assigned thereto in the Recitals. "Reimbursable Project Costs" means any and all costs allowed by this Agreement and the Redevelopment Powers Law (O.C.G.A. §36-44-3(8), incurred by the Owner, Owner’s Affiliates, any Vertical Developer, any successor and assign of Owner, any Person succeeding to all or a portion Owner's development interests in the Project, and/or any other Person performing Vertical Development (including parking and horizontal construction), including the Public Purpose Initiatives located inside the Westside TAD, but shall be limited to hard, soft, construction management and other costs directly relating to the Project and shall not include any corporate overhead, corporate costs, Owner's/developer's fees or Owner's/developer's profits not directly related to the Project, any costs associated with the acquisition of any land which is acquired by Owner under the Agreement for Exchange of Real Property, or costs for goods, services or materials that exceed the market cost for similar items in the Metropolitan Atlanta Area as adjusted for all relevant factors (and it shall be deemed concluded that the costs for goods, services or materials do not exceed the market cost for similar items in the Metropolitan Atlanta Area if such goods, services or materials, as applicable, are supported by a competitive bidding process that solicited at least three (3) conforming bids).

Redevelopment Powers Law has the meaning set forth in the Recitals. “Reimbursement Amount” shall be the amount to be reimbursed pursuant hereto, not to exceed the amount set forth in Section 9.2 hereof.