Community Development District Sample Clauses

Community Development District. If the Property is in a CDD, a Community Development

Community Development District. Metropica has submitted a formal request to the City seeking to reestablish the Metropica Improvement District (“MID”) as the Metropica Community Development District (“CDD) and to terminate the associated Construction and Financing Agreement for Metropica (“MID Agreement). The CDD would cover the same boundary as the MID. The CDD will provide the Project with the necessary public financing and funding to continue construction of the public infrastructure and provide the Project with the level of services needed to maintain a thriving and vibrant mixed-use community. The reestablishment of the MID to a CDD will continue to provide the oversight and legal requirements of special district form of government for the Project. Similar to the MID, the meetings of a CDD are open to the public and the board of supervisors of a CDD are public officials, subject to Florida Sunshine and Public Records Laws. The function and power of the MID are the same for a CDD, including the ability to finance, fund, plan, establish, acquire, construct, operate and maintain systems, facilities, and basic public infrastructure. A CDD will continue to provide continuity in the Project as an independent unit of government with its own revenue sources in perpetuity for property owners and residents within the Project. The request to reestablish as a CDD has already been submitted, along with draft copies of a Termination Agreement, a Maintenance Agreement, and a Declaration of Restrictive Uses. The City acknowledges and agrees that these items will proceed to the City Commission in conjunction with this MOU.

Community Development District. The Developer may request that one or more CDDs be formed over the Property in order to facilitate the implementation of the Project. The City agrees to expeditiously process a request to establish one or more CDDs to provide services to any portion of the Property subject to meeting the statutory prerequisites of Chapter 190, Florida Statutes, and the City’s final approval of an ordinance establishing a CDD. Upon an application for a CDD being submitted to the City, the City will engage in the appropriate statutory review and analysis of the proposal. Any such CDD established by Developer may plan, finance, acquire, construct, and operate community infrastructure that may benefit all or portions of the Property, in accordance with statute. The City further agrees that it is appropriate to grant any CDD that may hereafter be established with respect to the Property the right to exercise the powers granted to it by Chapter 190, Florida Statutes, with the exception of the establishment of wastewater treatment or potable water plants; unless the City is unable to provide such services when the services are needed, in which case the CDD would be accorded the right to do so. Pursuant to Specific Conditions 16 and 18 of this DA, the City will be the provider of the Sewer and Water Service to the Property. The City retains the right to purchase any and all utility treatment systems from the CDD, in accordance with the requirements of Chapter 190. Further, no CDD established hereunder shall be in the business of resale of bulk potable water or bulk wastewater services. If Developer elects or is required to apply for CDD approval from the Florida Land and Water Adjudicatory Commission, City agrees to support the application if the

Community Development District. Seller acknowledges that Buyer may plan to utilize a community development district (“CDD”) to finance a portion of the cost of development of the Land. During the Inspection Period, Buyer shall advise Seller if it plans to utilize the CDD. If so, ▇▇▇▇▇▇ agrees to cooperate as reasonably requested by ▇▇▇▇▇ in establishing the CDD, including, but not limited to, executing any and all applications and/or consents to applications associated with the formation of a CDD, and/or all other documents reasonably requested by ▇▇▇▇▇ in connection therewith. In no event, however, shall any documents related to the CDD be recorded against the Land nor shall any CDD debt or CDD liens be created against the Land prior to Closing, without the prior written consent of Seller, in Seller’s sole and absolute discretion.

Community Development District. The Developer has indicated that it may form one 9 (1) or more CDDs within the DRI pursuant to Chapter 190, Florida Statutes, as it may 10 be amended from time to time. The City expressly maintains all rights available to it 11 pursuant to Chapter 190, Florida Statutes, related to the proposed establishment of a 12 CDD by the Developer. Any CDD for Neoga Lakes approved pursuant to Chapter 190, 13 Florida Statutes, which statutory review process may include City participation to the 14 extent provided for in Chapter 190, Florida Statutes, may finance, fund, plan, establish, 15 acquire, construct or reconstruct, enlarge or extend, equip, operate and maintain 16 projects, systems and facilities for the purposes described in Section 190.012, Florida 17 Statutes, including, but not limited to, any of the indicated transportation, potable water, 18 school and park improvements set forth in this Development Order and any other 19 project required or authorized by this Development Order. Construction or funding by 20 any such CDD of all such projects within or without the boundaries of the CDD 21 required by this Development Order or necessary to serve the development approved by 22 this Development Order is expressly approved. If the Developer is required by this 23 Development Order to provide, pay for or otherwise cause to be provided, 24 infrastructure, projects, systems or facilities set forth in Chapter 190, Florida Statutes, 25 including, without limitation, those in Sections 190.012(1) and (2), Florida Statutes, 26 then the CDD independently may satisfy such obligations. To the extent any such 27 obligation under this Development Order is met or performed by a CDD, then the 28 Developer shall no longer be subject to the obligation. The Developer proposes and the 29 City agrees that, in the event that any contributions of land, money (including 30 “proportionate fair share payments” or “pipelining amounts”), or improvements funded 31 or constructed with funds from a CDD give rise to impact fee credits to the CDD, then 1 such impact fee credits shall be established in the name of the CDD pursuant to the 2 Impact Fee Documents.

Community Development District. In the event that the City and County establish a Community Development District ("CDD") for the Project, the CDD may assume any responsibility of any Developer Party under this agreement.

Community Development District. City Acknowledges that Community Development Districts (“CDD”) were established by the City and the Developer may transfer rights and obligations under this Agreement to a CDD(s) without further approvals.

Community Development District. The City shall cooperate with SED to create a Community Development District with boundaries limited to the Property and jurisdiction over the Project (the “CDD”).

Community Development District. By:------------ By: