Ski Property definition

Ski Property means, in any Fiscal Year, all or a portion of any Parcel within the CFD that is used exclusively or planned exclusively for development of part of the Northstar ski operations (including, but not be limited to, ski runs, ski lifts, vehicle storage, maintenance areas and facilities, and open space) and does not have Residential Units or non-residential Square Footage located or entitled for location on the Parcel as determined by the Administrator.
Sample 1Sample 2Sample 3

Examples of Ski Property in a sentence

  • Notwithstanding any other provision of this RMA, no Special Tax shall be levied on: (i) Public Property except Taxable Public Property, (ii) Parcels that have prepaid the Special Tax obligation and had a Release of Special Tax Lien recorded against the property, (iii) Parcels that are owned by a public utility for an unmanned facility, (iv) Parcels that are subject to an easement that precludes any other use on the Parcels, and (v) Parcels of Ski Property.

  • Second: If additional monies are needed to satisfy the Special Tax Requirement after the first step has been completed, then the Special Tax shall be levied on each Assessor’s Parcel of Original and Successor Ski Property by increasing in equal percentages from the amounts determined in the first step, up to the remaining 20% of the Maximum Special Tax for each such Assessor’s Parcel.

  • The CFD Administrator shall also determine: (i) the number of Units each Assessor’s Parcel contains; (ii) classify each Assessor’s Parcel as Hotel Property, Non-Residential Property, Original Ski Property,Residential Property, Successor Ski Property or Timeshare Property; and (iii) the Annual Special Tax Requirement for the Fiscal Year.

  • With the exception of the Maximum Special Tax for Successor Ski Property which will be set at the amount determined in Section C - Original Ski Property Assessor’s Parcel changes.

  • Once created, if Successor Ski Property further changes, merges or subdivides, the steps shall be repeated to determine the Maximum Special Tax for additional Successor Ski Property created from the change, merger or subdivision.

  • Original Ski Property Assessor’s Parcel Changes When Original Ski Property changes, merges or subdivides, the Maximum Special Tax shall be apportioned to Successor Ski Property so that there is no net loss in aggregate Maximum Special Tax revenue from the Original Ski Property to the Successor Ski Property for CFD No. 2019-1.

  • Pursuant to the BB&T Loan Documents, BB&T asserts that it has first priority liens on the real property described in the BB&T Loan Documents except for the lien created by the Assignment of Proceeds (the “BB&T Loan Collateral”), and liens on the BB&T Debtor Ski Property by virtue of the Judgment and Assignment of Proceeds that are junior to First United’s liens on such property (collectively, with the BB&T Loan Collateral, the “BB&T Liens”).

  • The process for apportioning the Maximum Special Tax of Original Ski Property to the Successor Ski Property is as follows:Step 1: Identify the Acreage of Successor Ski Property Assessor’s Parcel(s) created by the Original Ski Property Assessor’s Parcel(s) change, merger or subdivision.

  • The process for apportioning the Maximum Special Tax of Original Ski Property to the Successor Ski Property is as follows: Step 1: Identify the Acreage of Successor Ski Property Assessor’s Parcel(s) created by the Original Ski Property Assessor’s Parcel(s) change, merger or subdivision.

  • Telephone directories published by the Department are and remain the property of the Department.

Related to Ski Property

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • New property means (i) the assessed value, after final

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Adjoining Property means all sidewalks, driveways, curbs, gores and vault spaces adjoining any of the Leased Premises.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Loan Property means any property in which the applicable party (or a Subsidiary of it) holds a security interest, and, where required by the context, includes the owner or operator of such property, but only with respect to such property. "Participation Facility" means any facility in which the applicable party (or a Subsidiary of it) participates in the management (including all property held as trustee or in any other fiduciary capacity) and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Release Property has the meaning set forth in Section 2.5.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • 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.

  • Hotel Property for any hotel means the Real Property and the Personal Property for such hotel.

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.