COLLECTION OF SPECIAL ASSESSMENTS. (A) The Agency shall be solely responsible for professionally coordinating all interface with the tax collector or property appraiser, and minimize to the greatest extent reasonably possible the time, effort and attention of these public officials to accomplish the public purposes and direction of the Supplemental Act subscribed to by the Subscriber. Subscriber hereby respectfully requests and encourages the tax collector or property appraiser to only impose, charge, or deduct the minimum amount allowed by general law for the collection or handling of the Special Assessments which are the subject of this Subscription Agreement.
COLLECTION OF SPECIAL ASSESSMENTS. (A) The Agency shall be solely responsible for professionally coordinating all interface with the tax collector or property appraiser, and minimize to the greatest extent reasonably possible the time, effort and attention of these public officials to accomplish the public purposes and direction of the Supplemental Act subscribed to by the Subscriber. The Agency shall ensure and be responsible for compliance with all laws, rules and regulations in the imposition and collection of any Special Assessments levied upon property owned by participating property owners who have entered into a Financing Agreement. Subscriber hereby respectfully requests and encourages the tax collector or property appraiser to only impose, charge, or deduct the minimum amount allowed by general law for the collection or handling of the Special Assessments which are the subject of this Subscription Agreement.
COLLECTION OF SPECIAL ASSESSMENTS. (a) The City covenants and agrees that it shall, as authorized by the PID Act and other applicable law, continuously collect or cause to be collected Special Assessments levied pursuant to the Assessment Plan during the term of this Agreement in the manner and to the maximum extent permitted by applicable law. The City covenants and agrees that to the extent permitted by applicable law, it will not permit a reduction, abatement, or exemption in the Special Assessments due on any portion of the Property until the PID Bonds secured by that particular portion of the Property are no longer outstanding, whether as a result of payment in full or in part, defeasance or otherwise and until the Owner has been reimbursed for the unreimbursed Costs eligible to be paid from the Special Assessments; provided that certain portions of the Property, as defined in the Assessment Plan, will not be subject to the Special Assessments. The City shall use good and sound practices to collect, or cause to be collected, the Special Assessments consistent with the City’s policies and standard practices applicable to the collection of City taxes and assessments, as permitted by law.
COLLECTION OF SPECIAL ASSESSMENTS. (d)(a) The City covenants and agrees that it shall, as authorized by the PID Act and other applicable law, continuously collect or cause to be collected Special Assessments levied pursuant to the Assessment Plan during the term of this Agreement in the manner and to the maximum extent permitted by applicable law. The City covenants and agrees that to the extent permitted by applicable law, it will not permit a reduction, abatement, or exemption in the Special Assessments due on any portion of the Property until the PID Bonds secured by that particular portion of the Property are no longer outstanding, whether as a result of payment in full or in part, defeasance or otherwise and until the Owner has been reimbursed for the unreimbursed Costs eligible to be paid from the Special Assessments; provided that certain portions of the Property, as defined in the Assessment Plan, will not be subject to the Special Assessments. The City shall use good and sound practices to collect, or cause to be collected, the Special Assessments consistent with the City’s policies and standard practices applicable to the collection of City taxes and assessments, as permitted by law. It is hereby acknowledged that (e)(b) The Special Assessments can be used for the following purposes: (i) after completion of the applicable PublicAuthorized Improvements (or Segments), but prior to the issuance of PID Bonds for those PublicAuthorized Improvements secured by assessments levied on a specific Improvement Area, Owner will be reimbursed for Costs associated with those PublicAuthorized Improvements (or Segments) from Special Assessment Revenues collected by the City from the Improvement Area in question pursuant to an applicable Acquisition and Reimbursement Agreement and (ii) after PID Bonds are issued secured by any assessments levied on a specific Improvement Area, the Special Assessment Revenues from such Improvement Area will be used first to fund debt service, prepayment and delinquency reserves and Administrative Expenses payable for such year pursuant to the Indenture, and second, to the extent (and only to the extent) any such Special Assessment Revenues are remaining, to reimburse Owner for any Costs not reimbursed by the PID Bonds, subject to the use of Special Assessments to secure Parity Bonds as provided herein.. Any reimbursement obligation to Owner under an Acquisition and Reimbursement AgreementSections 4.01, 4.02, or 4.03 hereof or from Special Assessments as provided abo...
COLLECTION OF SPECIAL ASSESSMENTS. 6 Section 2.04. Approval and Recordation of Special Assessments through Landowner AgreementCertificate 7 Section 2.05. Costs 7 Section 2.06. Obligations Secured by Special Assessments. 9
