Examples of Residential Development in a sentence
This contribution shall be paid to Council prior to the release of the Construction Certificate and the amount payable shall be in accordance with the Council’s adopted Section 94 Contributions Plan for Residential Development, effective from 20 December 2000, calculated for additional person as follows: 1.
In addition, the Residential Development Property Mortgages are not subordinated to other indebtedness of the Residential Development Corporations.
The interest on the Residential Development Property Mortgages accrues at either a fixed rate or, in the case of the Whitehawk Note, at the prime rate plus one percent per annum (not including any additional interest based on gross sales proceeds).
Based on the foregoing, it is our opinion that each of the Residential Development Property Mortgages constitutes debt for federal income tax purposes.
Nonetheless, the policy could indicate that the IRS is reconsidering its position on the treatment of fact situations similar to those involving Crescent Equities and the Residential Development Corporations.