Acquisition and Payment. County and the Property Owners anticipate entering into one or more Acquisition Agreements for improvements to be funded by the Xxxxxxx Hills Special Financing Districts in order to clearly identify the appropriate steps and requirements associated with bid procedures, prevailing wage, the acquisition of the public improvements and/or discrete portions and such other issues as the parties believe warrants inclusion (the “Acquisition Agreements”). The Acquisition Agreements shall include a covenant by the County to use any CFD tax and bond proceeds to acquire such improvements or portions thereof from the person or entity constructing the public infrastructure consistent with County Financing Policies and state law.
Acquisition and Payment. City agrees that it shall use its best efforts to allow and facilitate monthly acquisition of completed Improvements or completed portions thereof, and monthly payment of appropriate amounts for such Improvements to the person or entity constructing Improvements or portions thereof, provided City shall only be obligated to use CFD bond or tax proceeds for such acquisitions.
Acquisition and Payment
