Redevelopment Plan Sample Clauses
A Redevelopment Plan clause outlines the procedures and requirements for renovating, rebuilding, or otherwise improving a property covered by the agreement. Typically, this clause specifies the circumstances under which redevelopment can occur, the approval process for proposed changes, and the responsibilities of each party during the redevelopment period. For example, it may require the property owner to submit detailed plans for approval or set timelines for completion. The core function of this clause is to provide a clear framework for managing significant changes to the property, thereby minimizing disputes and ensuring all parties understand their rights and obligations during redevelopment.
Redevelopment Plan. The Developer represents that the Project is and shall be in compliance with all of the terms of the Redevelopment Plan.
Redevelopment Plan. The Redevelopment Plan has been duly authorized and adopted by the Borrower, remains in full force and effect and, except as disclosed to the Bank in writing, has not been amended, superseded or replaced.
Redevelopment Plan. The Developer has delivered to the Town a redevelopment plan for the Project (the “Redevelopment Plan”), a copy of which is attached as Exhibit C. The Redevelopment Plan includes an overall description of the Project and project phasing for the sequencing of the Project, including the construction of the Senior Center to the specifications of the Town in exchange for the Senior Center Payment. The Developer may amend the Redevelopment Plan at any time prior to obtaining the Project Permits with the written consent of the Town, which consent shall not be unreasonably withheld. The Developer shall apply to the Town’s Planning and Zoning Commission and all other relevant boards and commissions for any Project Permits necessary to implement the Redevelopment Plan and the Project. Following the issuance of Project Permits, the Redevelopment Plan and the Project may only be amended with the consent of the Town and the approval of any relevant board of commission whose approval is necessary as a result of such amendment.
Redevelopment Plan a. The City shall provide the Redevelopment Plan and any amendments to the Redevelopment Plan to the County for approval by an affirmative vote of the County Commission prior to the City’s adoption of the Redevelopment Plan and any amendments.
b. The Redevelopment Plan and all amendments to the Redevelopment Plan shall meet all the requirements of statute, including the requirement that the plan contain a detailed statement of the projected costs of redevelopment, “including the amounts to be expended on publicly funded capital projects in the redevelopment area and any indebtedness of the community redevelopment agency… if such indebtedness is to be repaid with increment revenues.” See Sec. 163.362(9), Fla. Stat.
c. The Redevelopment Plan and any amendments to the Redevelopment Plan shall not include projects on or directly serving property currently identified as Tax Parcels 01934-000-000, Parcel ▇▇▇▇▇-▇▇▇-▇▇▇, Parcel 01934-001-000, Parcel 01934-003-000 and Parcel ▇▇▇▇▇-▇▇▇-▇▇▇ without first obtaining approval from the County. Notwithstanding the requirements of this subsection, the City and the CRA do not need to obtain approval from the County, separate from the Redevelopment Plan, for public infrastructure projects adjacent to the parcels enumerated above.
d. The Redevelopment Plan and any amendments to the Redevelopment Plan shall include a requirement that no more than 30% of all funds deposited into the CRA trust fund be used on administrative costs necessary or incidental to the implementation of a community redevelopment plan adopted by the agency. Administrative costs are costs related to CRA functions, including general accounting, budgeting, financial and cash management, procurement and purchasing, personnel and property management, payroll, audit and general legal services, oversight and management of CRA activities, developing systems and procedures. Administrative costs do not include capital and operating costs associated with projects. In no case may funds from the CRA trust fund be used for general government operating expenses unrelated to the planning and carrying out of the Redevelopment Plan.
e. The remaining funds in the CRA trust fund may be used to fund all CRA projects included in the Redevelopment Plan and to fund the expenses associated with those projects.
f. Redevelopment activities and projects in the Redevelopment Plan shall be designed to mitigate the slum/blighted conditions of the redevelopment area that are the basis f...
Redevelopment Plan. PGAV will prepare a Redevelopment Plan for a Redevelopment Project Areas that addresses the following elements of a Redevelopment Plan under the TIF Act:
a. Plan objectives;
b. General description of the program to be undertaken to accomplish the objectives;
c. Estimated redevelopment project costs;
d. Anticipated sources of funds to pay the costs;
e. Evidence of the commitments to finance the project costs;
f. Anticipated type and term of the sources of funds to pay costs;
g. Anticipated type and terms of the obligations to be issued;
h. Most recent equalized assessed valuation of the Redevelopment Area;
i. An estimate as to the equalized assessed valuation after redevelopment;
j. General land uses to apply in the Redevelopment Area; and
k. Such other items necessary to establish a Redevelopment Area pursuant to Section 99.805 R.S. Mo., as amended, including:
1) Development of a master address list for mailing notification letters to taxing districts and property owners, and development of newspaper notices required for compliance with TIF Act notification provisions unless otherwise prepared by the City’s legal counsel. (Note: The City will be responsible for printing and mailing the notification letters and placement of the published notices in the newspaper);
2) The required narrative, tabular, graphic data and map exhibits necessary to constitute the Redevelopment Plan document;
3) Development of a project schedule to be used as the ongoing agenda for program and plan implementation; and
4) Coordination of program activities with other participants, including key City staff, City Attorney (and Special TIF Counsel/Bond Counsel if any), investment banker/bond underwriter, and the selected developer(s).
Redevelopment Plan. As defined in the Rectials to this Agreement.
Redevelopment Plan. The Project will be carried out in accordance with this Agreement and the City of Chicago Red and Purple Modernization Phase One Project Redevelopment Project Area Tax Increment Financing Redevelopment Plan and Project (the “Redevelopment Plan”) included in the Plan Adoption Ordinance and published in the Journal of the Proceedings of the City Council.
Redevelopment Plan. The City and HACC agree to work together to complete and adopt a Redevelopment Plan for Lakeside Terrace including a combination of on-site redevelopment with tax credit and project-based Section 8 voucher apartments and public housing replacement units to be provided by HACC under the HUD replacement formula. City staff shall prepare a Draft Redevelopment Plan for City Council review by the Council Committee of the Whole meeting of April 26, 2004.
Redevelopment Plan. The proposed Land Use Plan requires further environmental review under CEQA and, if necessary, NEPA, as well as other regulatory and governmental approvals. Ultimately, the Authority, the Planning Commission and the Board of Supervisors will approve a Redevelopment Plan for the Property. The Redevelopment Plan will define the boundaries of the project area and set forth land use guidelines for the plan area such as the basic land use designations and allowable land uses. In addition, the Redevelopment Plan will incorporate the following planning related documents:
Redevelopment Plan. The Village and the Developer agree to cooperate in implementing the Project in accordance with the Parties’ respective obligations set forth in this Agreement, the Zoning Approvals, and the Final Plans.