Local Improvement District Sample Clauses
A Local Improvement District (LID) clause defines the responsibilities and obligations of property owners regarding the costs and participation in local infrastructure improvements, such as roads, sidewalks, or utilities, within a designated area. Typically, this clause outlines how costs are assessed, apportioned, and collected from affected property owners, and may specify the process for initiating or objecting to such improvements. Its core practical function is to ensure that the financial burden of local public improvements is fairly distributed among those who directly benefit, thereby providing a clear mechanism for funding and managing community infrastructure projects.
Local Improvement District. Grantor will not, without the prior written consent of Beneficiary, create or initiate, vote for, or in any other manner ▇▇▇▇▇▇, join in or consent to the creation of, or the inclusion of the Property or any part thereof within the boundaries of any irrigation, levee, drainage or other improvement district (except school or road), under which any such district has or will have the power to issue bonds or other evidence of indebtedness and/or the power to make assessments against the Property or any part thereof.
Local Improvement District. The City agrees that, during the term of this Agreement, if a Local Improvement District is established to construct sewer and water improvements which will be connected into or will make use of the facilities constructed under the provisions of this Agreement and such District includes property identified as benefited area described on Exhibit B, the City will include, in the cost of construction of the improvements financed by the Local Improvement District or Utility Local Improvement District and in the assessments of said benefiting property, the reimbursement fees established for said benefiting property.
Local Improvement District. The Owner will participate in the Local Improvement District assessment related to expansions of the water and/or sewer infrastructure serving the Marymoor Subarea and will be required to contribute $790,387.33 to the improvements related Wastewater Pump Station 13 and associated sewer mains. Owner will not be required to pay any additional funds related to these water and sewer infrastructure improvements.
Local Improvement District. Within ninety (90) days of the execution of this Agreement, Seller shall deliver to Buyer all existing documentation for the LID for the construction of the Access Road. In the event the LID is not approved within ninety (90) days of the execution of this Agreement, Buyer may cancel this transaction and receive a full refund of all Earnest Money.
Local Improvement District. In consideration of Owner’s construction of the transportation and utility improvements described in this Agreement and in the Master Plan, and based on the City’s acknowledgment that existing utility facilities have adequate capacity to service the Project, the Property shall not be included in any currently planned or future Local Improvement District (or similar) assessments related to expansions of the water and/or sewer infrastructure serving the Marymoor Subarea and, except as provided in Section 7.4, will not be required to build or contribute to any currently planned or future improvements, such as Wastewater Pump Station 13 and associated sewer mains, that are not shown to be constructed by the Owner in the Master Plan.
Local Improvement District. Owners, by signing below, grant to the City of Bremerton a Limited Power of Attorney to include this Agreement as Owner’s consent to the formation of a Local Improvement District under RCW Ch. 35.43 for the construction of improvements on or abutting said property as described in Exhibit “B” encompassing all or part of the property described in Exhibit “A”, as part of any Notice of Petition or Resolution presented to or by the City, for the purpose of performing any of said improvements.