CFD Formation Sample Clauses

CFD Formation. At the request and with the support of the Landowner, City shall, at Landowner’s expense, form one or more community facilities districts for the purpose of financing the acquisition of a portion or portions of any Public Improvement within the Property (an "Infrastructure CFD"). The infrastructure and facilities that may be constructed and/or acquired with Infrastructure CFD funds include, without limitation, roads, water, sewer, drainage, public utilities, fire district facilities, parks, open space, and public facilities of the City located within the Property and/or required to serve development of the Project ("CFD Improvements"). Formation of an Infrastructure CFD shall be pursuant to and consistent with the requirements of this Agreement, applicable City policies, and the Xxxxx-Xxxx Community Facilities Act of 1982 (Government Code Section 53311 et seq.). a. Nothing in this Section 6.1.1 shall be construed to require Landowner to form an Infrastructure CFD nor, if formed, to preclude the payment by an owner of any of the parcels within the Property to be included within the Infrastructure CFD of a cash amount equivalent to its proportionate share of costs for the CFD improvements, or any portion thereof, prior to the issuance of bonds. Nothing in this Section shall be construed to require City to form an Infrastructure CFD if City determines, in its sole discretion, formation would not be consistent with applicable city policies or with prudent public fiscal practice. b. Concurrent with any formation of an Infrastructure CFD, Landowner and City shall enter into an acquisition agreement, in form and substance acceptable to City, 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 Agreement”). The Acquisition Agreement shall include a covenant by the City 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 City financing policies and state law. To the extent permitted by and consistent with statute, including without limitation, Government Code Section 53313.51, the acquisition agreement shall include provisions to permit payments for discrete portions of improvements during construction of any CFD Improvements that have been a...
Sample 1
AutoNDA by SimpleDocs
CFD Formation. On November 7, 2018, the City formed a Master CFD entitled City of Xxxxxx Community Facilities District No. 2018-01 (Maintenance and Services) (the “Master CFD”) for the purpose of funding the maintenance of public infrastructure within the area of the Master CFD which is within the City’s jurisdictional boundaries (the “Services”). More specifically, the Services may include, but not be limited to, the provision of general City services and the maintenance of sidewalks, roadways, and parks to enhanced service levels. Additionally, the Master CFD may also fund any other public services as authorized under Section 53313 of the California Government Code. The Master CFD contemplates that the City will annex properties from time to time to the Master CFD to fund Services by unanimous written consent or as otherwise permitted by the Xxxxx Xxxx Community Facilities Act of 1982 (the “Act”), which properties may be annexed as a “Zone” or otherwise with special taxes related to such properties to be assessed on the property owner pursuant to the Act.
Sample 1

Related to CFD Formation

  • Contract Formation Subject to FAR Sections 1.601(a) and 43.102, the Government Order must be signed by a duly warranted contracting officer, in writing. The same requirement applies to contract modifications affecting the rights of the parties. All terms and conditions intended to bind the Government must be included within the contract signed by the Government.

  • Company Formation The Company has been formed as a limited liability company under and pursuant to the Act. The Managers shall file the Certificate and all other such instruments or documents and shall do or cause to be done all such filing, recording, or other acts, as may be necessary or appropriate from time to time to comply with the requirements of law for the formation and/or operation of a limited liability company in the State of Delaware. The Managers may also direct that the Company be registered or qualified to do business in other jurisdictions.

  • Due Formation The Purchaser is duly formed, validly existing and in good standing in the jurisdiction of its organization. The Purchaser has all requisite power and authority to carry on its business as it is currently being conducted.

  • Partnership Formation and Identification 6 2.1 Formation............................................................................................ 6 2.2 Name, Office and Registered Agent.................................................................... 6 2.3 Partners............................................................................................. 6 2.4

  • Name; Formation The name of the Company shall be ARAMARK Sports and Entertainment Services, LLC or such other name as the Member may from time to time hereafter designate. The Company constitutes a continuation of the existence of the Converted Corporation in the form of a Delaware limited liability company. In accordance with Section 18-214(b) of the Act, the Certificate of Conversion (converting the Converted Corporation to the Company) and the Certificate of Formation of the Company have been duly executed by a Member or other person designated by a Member or by any officer, agent or employee of the registered agent of the Company in the State of Delaware (any such person being an authorized person to take such action) and filed in the Office of the Secretary of State of the State of Delaware. As provided in Section 18-214(d) of the Act, the existence of the Company is deemed to have commenced on February 28, 1966, the date the Converted Corporation was originally organized under the laws of the State of Delaware.

  • Formation The Company has been organized as a Delaware limited liability company by the filing of a Certificate of Formation (the “Certificate”) under and pursuant to the Act.

  • Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity (a) Amend, modify or change its Organization Documents in a manner adverse to the Lenders. (b) Change its fiscal year. (c) Without providing ten (10) days prior written notice to the Administrative Agent, change its name, state of formation or form of organization.

  • Certificate of Formation The execution of the Certificate of Formation and the filing thereof in the office of the Secretary of State of the State of Delaware are hereby ratified, confirmed and approved.

  • Formation of the Partnership The Partnership was formed as a limited partnership pursuant to the provisions of the Act and the Original Agreement and continued upon the terms and subject to the conditions set forth in this Agreement. Except as expressly provided herein to the contrary, the rights and obligations of the Partners and administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

  • Articles of Organization This Company is organized pursuant to the provisions of the COLORADO LIMITED LIABILITY COMPANY ACT (the “Act”, codified in Colorado Revised Statues §7-80-100 et seq. as it may be amended from time to time) and pursuant to Articles of Organization filed with the Secretary of State on January 24, 2014. The rights and obligations of the Company and the Members shall be provided in this Operating Agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!