Examples of Special Tax in a sentence
All information with respect to the Rate and Method in the Official Statement and all other information in the Official Statement sourced to the Special Tax Consultant is true and correct as of the date of the Official Statement and as of the date hereof, and a true and correct copy of the Rate and Method is attached to the Official Statement as Appendix A.
Based upon such review, the Special Tax Consultant hereby certifies that the special taxes levied under the Rate and Method (the “Special Taxes”), if collected in the maximum amounts permitted pursuant to the Rate and Method on the date hereof, would generate at least 110% debt service coverage on the Bonds, provided that the annual debt service amounts on the attached debt service schedule, which were relied upon by Special Tax Consultant, are accurate.
Although the Special Tax if collected in the maximum amounts pursuant to the Rate and Method, would generate the debt service coverage described in the previous paragraph, no representation is made herein as to actual amounts that will be collected in future years.
Without limiting that obligation, if, and to the extent, Xxxx proceeds and/or Special Tax proceeds are available, the City of Irvine shall, subject to the requirements of the ARMIA and this Acquisition Agreement, acquire Facilities and Components from the Developer using (1) proceeds of Improvement Area Bonds, if any, deposited in the Project Fund pursuant to the ARMIA, and (2) special tax proceeds deposited in the Facilities Financing Fund pursuant to the ARMIA.