Common use of Joint Community Facilities Agreements Clause in Contracts

Joint Community Facilities Agreements. Under the CFD Act, the Agency may be required to enter into one or more joint community facilities agreements with Other Public Agencies. The Agency and the City have agreed that the Tax Allocation Agreement, which will be executed in connection with the DDA, is a joint community facilities agreement under the CFD Act for all of the Infrastructure to be financed by CFDs and owned or operated by the City. The Agency and Developer agree that they will take all steps necessary to procure the authorization and execution of any other required joint community facilities agreements with any applicable Other Public Agencies before the issuance of CFD Bonds that will finance Infrastructure to be owned or operated by such Other Public Agencies.

Joint Community Facilities Agreements. Under the CFD Act, the Agency Authority may be required to enter into one or more a joint community facilities agreements agreement with Other Public Agenciesanother public agency that will own or operate any of the Infrastructure. The Agency Authority and the City have agreed that the Tax Allocation Agreement, which will be executed in connection with the DDA, is a joint community facilities agreement under the CFD Act for all of the Infrastructure to be financed by CFDs and owned or operated by the City. The Agency Authority and Developer agree that they will take all steps necessary to procure the authorization and execution of any other required joint community facilities agreements agreement with any applicable Other Public Agencies a public agency other than Authority or the City before the issuance of any CFD Bonds that will finance Infrastructure to that will be owned or operated by such Other Public Agenciespublic agency other than Authority or the City.