Common use of Base Village Metropolitan Districts and Snowmass Village General Improvement District Clause in Contracts

Base Village Metropolitan Districts and Snowmass Village General Improvement District. Purchaser acknowledges that the Project is located within the boundaries of the Xxxx Xxxxxxx Xxxxxxxxxxxx Xxxxxxxx Xx. 0 (“District No. 2”) and the Snowmass Village General Improvement District (the “GID”) (District No. 2 and the GID collectively, the “Snowmass Districts”). Eligible electors and property owners within the boundaries of the Snowmass Districts previously authorized the Snowmass Districts to impose property tax levies and facilities fees and to issue bonds in amounts sufficient to construct or purchase certain improvements within the Town. No additional eligible elector or property owner approvals are required prior to such imposition of property tax levies or the issuance of debt within previously approved amounts within the Project. Further, Purchaser acknowledges that the Snowmass Districts have issued debt pursuant to such previously approved authorizations. Subject to applicable laws, regardless of whether a property owner was a property owner as of the date that the initial authorization was given to impose property tax levies or issue the bonds, such property owner will be responsible for the payment of taxes that are levied for the purpose of repaying such bonds issued by the Snowmass Districts. Commercial properties within Snowmass Base Village are subject to Xxxx Xxxxxxx Xxxxxxxxxxxx Xxxxxxxx Xx. 0 (“District No. 1”), a commercial metropolitan district operating within Snowmass Base Village, whose operations are partially funded by District Xx. 0. Xxxxxxxx Xx. 0 is responsible for management, maintenance and operation of the Base Village Conference Center, the Base Village Transit Center and the public/skier portions of the Base Village Parking Garage, among other areas of responsibility.

Base Village Metropolitan Districts and Snowmass Village General Improvement District. Purchaser acknowledges that the Project is located within the boundaries of the Xxxx Xxxxxxx Xxxxxxxxxxxx Xxxxxxxx Xx. 0 (“District No. 2”) and the Snowmass Village General Improvement District (the “GID”) (District No. 2 and the GID collectively, the “"Snowmass Districts”). Eligible electors and property owners within the boundaries of the Snowmass Districts previously authorized the Snowmass Districts to impose property tax levies and facilities fees and to issue bonds in amounts sufficient to construct or purchase certain improvements within the Town. No additional eligible elector or property owner approvals are required prior to such imposition of property tax levies or the issuance of debt within previously approved amounts within the Project. Further, Purchaser acknowledges that the Snowmass Districts have issued debt pursuant to such previously approved authorizations. Subject to applicable laws, regardless of whether a property owner was a property owner as of the date that the initial authorization was given to impose property tax levies or issue the bonds, such property owner will be responsible for the payment of taxes that are levied for the purpose of repaying such bonds issued by the Snowmass Districts. Commercial properties within Snowmass Base Village are subject to Xxxx Xxxxxxx Xxxxxxxxxxxx Xxxxxxxx Xx. 0 (“District No. 1”), a commercial metropolitan district operating within Snowmass Base Village, whose operations are partially funded by District Xx. 0. Xxxxxxxx Xx. 0 is responsible for management, maintenance and operation of the Base Village Conference Center, the Base Village Transit Center and the public/skier portions of the Base Village Parking Garage, among other areas of responsibility.

Base Village Metropolitan Districts and Snowmass Village General Improvement District. Purchaser acknowledges that the Condominium Project is located within the boundaries of the Xxxx Xxxxxxx Xxxxxxxxxxxx Xxxxxxxx XxBase Village Metropolitan District No. 0 2 (“District No. 2”) and the Snowmass Village General Improvement District (the “GID”) (District No. 2 and the GID collectively, the “"Snowmass Districts”). Eligible electors and property owners within the boundaries of the Snowmass Districts previously authorized the Snowmass Districts to impose property tax levies and facilities fees and to issue bonds in amounts sufficient to construct or purchase certain improvements within the Town. No additional eligible elector or property owner approvals are required prior to such imposition of property tax levies or the issuance of debt within previously approved amounts within the Condominium Project. Further, Purchaser acknowledges that the Snowmass Districts have issued debt pursuant to such previously approved authorizations. Subject to applicable laws, regardless of whether a property owner was a property owner as of the date that the initial authorization was given to impose property tax levies or issue the bonds, such property owner will be responsible for the payment of taxes that are levied for the purpose of repaying such bonds issued by the Snowmass Districts. Commercial properties within Snowmass Base Village are subject to Xxxx Xxxxxxx Xxxxxxxxxxxx Xxxxxxxx XxBase Village Metropolitan District No. 0 1 (“District No. 1”), a commercial metropolitan district operating within Snowmass Base Village, whose operations are partially funded by District XxNo. 02. Xxxxxxxx XxDistrict No. 0 1 is responsible for management, maintenance and operation of the Base Village Conference Center, the Base Village Transit Center and the public/skier portions of the Base Village Parking Garage, among other areas of responsibility.

Base Village Metropolitan Districts and Snowmass Village General Improvement District. Purchaser acknowledges that the Project is located within the boundaries of the Xxxx Xxxxxxx Xxxxxxxxxxxx Xxxxxxxx XxBase Village Metropolitan District No. 0 2 (“District No. 2”) and the Snowmass Village General Improvement District (the “GID”) (District No. 2 and the GID collectively, the “"Snowmass Districts”). Eligible electors and property owners within the boundaries of the Snowmass Districts previously authorized the Snowmass Districts to impose property tax levies and facilities fees and to issue bonds in amounts sufficient to construct or purchase certain improvements within the Town. No additional eligible elector or property owner approvals are required prior to such imposition of property tax levies or the issuance of debt within previously approved amounts within the Project. Further, Purchaser acknowledges that the Snowmass Districts have issued debt pursuant to such previously approved authorizations. Subject to applicable laws, regardless of whether a property owner was a property owner as of the date that the initial authorization was given to impose property tax levies or issue the bonds, such property owner will be responsible for the payment of taxes that are levied for the purpose of repaying such bonds issued by the Snowmass Districts. Commercial properties within Snowmass Base Village are subject to Xxxx Xxxxxxx Xxxxxxxxxxxx Xxxxxxxx XxBase Village Metropolitan District No. 0 1 (“District No. 1”), a commercial metropolitan district operating within Snowmass Base Village, whose operations are partially funded by District XxNo. 02. Xxxxxxxx XxDistrict No. 0 1 is responsible for management, maintenance and operation of the Base Village Conference Center, the Base Village Transit Center and the public/skier portions of the Base Village Parking Garage, among other areas of responsibility.