Examples of Authorized Improvements in a sentence
Therefore, Developer and the City have executed that certain Solms Landing Public Improvement District Reimbursement Agreement (Improvement Area #1 and Improvement Area #2) dated effective May 24, 2021 (the “Reimbursement Agreement”) covering the Authorized Improvements.
The portion of the proceeds of the PID Bonds issued to pay Actual Costs of Authorized Improvements and Bond Issuance Costs shall be deposited upon issuance into separate accounts within the Project Fund as described in the Indenture.
Developer may designate an individual, company, or partnership or other entity as a subcontractor for construction management services for one or more Authorized Improvements or distinct Segments thereof and shall provide the City with written notice of the name of the subcontractor and evidence of the designation.
If subcontractors providing labor or materials for the Authorized Improvements file claims or otherwise give notice asserting failure to receive payment for such labor or materials, the City may require the Developer to post a payment bond for the estimated cost of constructing the Authorized Improvements.
At any time in the future when Developer is ready to construct Authorized Improvements for Improvement Area #2, Developer may deliver a written Xxxx Issuance Request to the City.