CID definition
Examples of CID in a sentence
Nothing in this Section 6.03 shall preclude Developer from removing or demolishing any building or buildings, if in its reasonable judgment, such removal or demolition is desirable in the conduct of its business, and as long as the same does not materially adversely affect the value of the Project or Developer's ability to (i) perform its obligations under this Agreement, or (ii) generate CID Sales Taxes within the District.
The parties hereby agree that increases in line item amounts in the column labeled "CID" in the Project Budget as set forth on Exhibit G may be made by Developer as long as Developer provides the City Manager's office with prior written notice of such change.
Upon any such termination by Developer, the parties hereby agree that (i) the City may terminate the CID and/or the CID Sales Tax, and Developer shall have no further rights to any proceeds or reimbursements therefrom, and (ii) neither party shall have any further obligations under this Agreement, except to the extent set forth in Section 8.15 hereof.
Subject to Article III of this Agreement, CID Sales Tax shall be used to reimburse the Developer for the Eligible Expenses, as described in Exhibit G, by Pay-As-You-Go CID Financing, and in all events in accordance with the terms of this Agreement.
The CID Administrative Fee shall be due on the date the CID Sales Tax is received by the City from DOR (provided that the Act permits payment directly from the CID Sales Tax, and if not, within thirty (30) days of demand therefor by the City).