District Covenants. The District hereby represents and covenants with the County at the time each Transfer is made, the following:
(a) That the District’s Anticipated Revenue Calculation and Remaining General Fund Revenue Calculation for Fiscal Year 20 -20 , as provided for in Exhibit C attached hereto, represents the District’s best estimate of anticipated revenues accruing and remaining revenues accruing to the District during the fiscal year.
(b) In the aggregate, the amount of Transfers made to the District during Fiscal Year 20 -20 do not exceed 85 percent of the anticipated revenues accruing to the District for such Fiscal Year.
(c) The District has not issued, nor will issue, any TRANs, or other borrowing of any kind or nature for the purpose of funding the District’s short term cash flow, while a Transfer is outstanding.
(d) The District has the ability to meet its financial obligations under this Agreement. The County may rely upon Exhibit C in connection with any Transfer sizing.
District Covenants. The District warrants and covenants that its governing body has duly authorized the District's participation in the Pool. At the time the District authorizes King County to invest its funds in the Pool, the District warrants that those funds are not required for the District's immediate expenditure, consistent with RCW 36.29.020.
District Covenants. (a) After the District’s receipt of proposed subdivision plats or re-plats from Developer and pursuant to the schedule in the Assessment Report, the District shall deliver such proposed subdivision plats or replats to the District Manager and shall cause the District Manager to conduct a True-Up Analysis in accordance with the methodology set forth in the Assessment Report, reallocating the Series 2021 Special Assessments to the lots being platted or re-platted and the remaining Property.
(b) Upon completing each True-Up Analysis, District Manager shall report its conclusions promptly to the District, the Trustee and Developer, including the amount of any True-Up Obligation.
District Covenants. The District, for itself, successors-in-interest, and assigns, as a part of the consideration hereof, does hereby covenant and agree as a covenant running with the land, that:
5.3.1. No person on the grounds of race, color, or national origin shall be excluded from participation, denied the benefits of, or be otherwise subjected to discrimination in the use of the Premises;
5.3.2. In the construction of any improvements on, over, or under the Premises and the furnishing of services thereon, no person on the grounds of race, color, or national origin shall be excluded from participation in, denied the benefits of, or otherwise be subjected to discrimination;
5.3.3. The District shall use the Premises in compliance with all other requirements imposed by or pursuant to Title 49, Code of Federal Regulations, DOT, Subtitle A, Office of the Secretary, Part 21, Nondiscrimination in Federally-Assisted Programs of the Department of Transportation-Effectuation of Title VI of the Civil Rights Act of 1964, and as said Regulations may be amended;
5.3.4. That in the event of breach of any of the above non-discrimination covenants, the City shall have the right to terminate this Agreement, and to re-enter and repossess said land and the facilities thereon, and hold the same as if this Agreement had never been made or issued. This provision does not become effective until the procedures of 49 CFR Part 21 are followed and completed including expiration of appeal rights; and
5.3.5. The District shall furnish its accommodations and/or services on a fair, equal and not unjustly discriminatory basis to all users thereof and it shall charge fair, reasonable and not unjustly discriminatory prices for each unit or service.
