Special District Formation Sample Clauses

Special District Formation. 13 4.8. Easements. . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Sample 1Sample 2
AutoNDA by SimpleDocs
Special District Formation. A. [Sec. 1100] Land-Secured Financing District for Public Services. Developer agrees to participate in a land-secured financing district, as established in the Baseline Project Features, such as a Community Facilities District, to provide an ongoing revenue source to the City for municipal services. The initial amount of assessment or tax shall be no less than $300,000 per year, and there shall be inflation adjustments. The district shall be established by the City Council, with review and recommendation from the Finance and Budget Commission, prior to or concurrently with the first Final Map or any land transfer within the Project.
Sample 1
Special District Formation. A. [Sec. 1100] Community Facilities District for Public Facilities and/or Services. [placeholder].
Sample 1
Special District Formation. A. [Sec. 1100] Land-Secured Financing District for Public Services. Developer agrees to participate in a land-secured financing district, as established in the Baseline Project Features, such as a Community Facilities District, to provide an ongoing revenue source to the City for municipal services. The initial amount of assessment or tax shall be no less than $300,000 per year at full buildout, but no more than $630,000 per year, and there shall be inflation adjustments. Specific amounts of assessment shall be established by the City Council to maximize revenue to the City, recognizing economic feasibility of the Project and anticipated assessed values. The district shall be established by the City Council, with review and recommendation from the Finance and Budget Commission, prior to or concurrently with the first Final Map or any land transfer within the Project.
Sample 1

Related to Special District Formation

  • Principal Place of Business; State of Organization (a) Borrower’s principal place of business as of the date hereof is the address set forth in Schedule I. Each Borrower is organized under the laws of the State of Delaware.

  • Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity (a) Amend, modify or change its Organization Documents in a manner adverse to the Lenders.

  • Due Formation The Company is a company duly incorporated as an exempted company with limited liability, validly existing and in good standing under the laws of the Cayman Islands. The Company has all requisite power and authority to carry on its business as it is currently being conducted.

  • Initial Contribution of Trust Property; Organizational Expenses The Property Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

  • Secretary of State The Secretary of State of the State of Delaware.

  • Formation The Company has been organized as a Delaware limited liability company by the filing of a Certificate of Formation (the “Certificate”) under and pursuant to the Act.

  • Name; Formation The name of the Company is “Sunterra Cypress Pointe I Development, LLC.” The Manager may change the name of the Company from time to time. The Company was formed by the filing of the Certificate, and the filing of the Certificate by Xxxx X. Xxxxxxxx as an authorized person within the meaning of the Act is hereby ratified and confirmed in all respects. The Manager agrees to execute and file, in the appropriate governmental jurisdictions, such additional certificates as may be required in the conduct of the Company’s business.

  • Jurisdiction of Organization; Chief Executive Office Such Grantor’s jurisdiction of organization, legal name and organizational identification number, if any, and the location of such Grantor’s chief executive office or sole place of business, in each case as of the date hereof, is specified on Schedule 3 and such Schedule 3 also lists all jurisdictions of incorporation, legal names and locations of such Grantor’s chief executive office or sole place of business for the five years preceding the date hereof.

  • Principal Place of Business and Organization No Borrower shall change its principal place of business set forth in the introductory paragraph of this Agreement without first giving Lender thirty (30) days prior notice. No Borrower shall change the place of its organization as set forth in Section 4.1.28 hereof without the consent of Lender, which consent shall not be unreasonably withheld. Upon Lender’s request, Borrowers shall execute and deliver additional financing statements, security agreements and other instruments which may be necessary to effectively evidence or perfect Lender’s security interest in the Collateral as a result of such change of principal place of business or place of organization.

Time is Money Join Law Insider Premium to draft better contracts faster.