Annual Budget and Appropriations. The Developer acknowledges the District’s responsibility under the terms of the Amended and Restated Operations and Maintenance Agreement to prepare and annually submit a Draft Operations and Maintenance Budget and a Final Operations and Maintenance Budget to budget and appropriate sufficient funds to operate and maintain the Public Improvements to the Maintenance Standard. The Developer will provide the District with the information needed regarding the expenses related to the costs of operation and maintenance of the Public Improvements to the Maintenance Standard and the anticipated CAM Charges to be received for inclusion in the Draft Operations and Maintenance Budget and the Final Operations and Maintenance Budget.
Annual Budget and Appropriations. The District agrees to budget and appropriate sufficient funds annually to operate and maintain the Public Improvements to the Maintenance Standard.
Annual Budget and Appropriations. To the extent permitted by law, the District agrees to budget and appropriate sufficient funds annually to operate and maintain the Public Improvements to the Maintenance Standard. Funds to pay for operations and maintenance of the Public Improvements may include PILOT Payment General Fund Revenues and, after payment of Bonds, may include Add-On PIF Revenues.
