Examples of CID District in a sentence
The Woodside Village Redevelopment Agreement, originally approved on January 12, 2012, sets forth those rights and obligations of the city and the developer as they relate to the redevelopment of the Woodside Village Redevelopment (TIF and CID) District area.
Subject to the terms and conditions of this Agreement and the CID Ordinance, the City shall cause the levy of a CID special assessment in accordance with the CID Petition for each of the various parcels or projects within the CID District.
The specifics of the issuance and repayment of the CID Bonds for CID District 2 shall be in accordance with the Bond Documents for Phase 2, to be approved by ordinance of the City, in accordance with this Agreement.
The CID Sales Taxes in the CID Bond Revenue Fund 2 will be utilized to first pay principal and interest payments required under CID Bonds for CID District 2 at such times as such payments may be required under the Bond Documents for Phase 2.
When CID Bonds are issued by the City for the CID District, the proceeds of the CID Bonds for the CID District shall be deposited into a fund which shall be created and administered by the City or its designee and which will be described and defined in the Bond Documents for the CID District and which, for purposes of this Agreement shall be referred to as the "CID Construction Account".
Subject to the terms and conditions of this Agreement, the portion of the CID Project Costs relating to the CID District shall be reimbursed in whole or in part with CID Bonds and the portion of the TDD Project Costs relating to the TDD District shall be reimbursed in part with Pay-As-You-Go TDD Financing.
Developer, using Private Funds, will initially advance all of the costs for the design, development and construction of the CID Improvements relating to the CID District and the TDD Improvements relating to the TDD District.
In Hong Kong Kam Lan Koon Ltd v Realray Investment Ltd,4 Deputy Judge Saunders (as he then was) adopted what Megarry J said in John v Rees5 that the rule for representative actions was not a rigid one, but was a rule of convenience; and that what was important was to have before the court, either in person or by representation, all those who would be affected, so that all should be bound by the result.
When CID Bonds for the CID District are issued, Developer hereby understands and agrees that the CID Administrative Fee for the CID District described in Section 10.01 below shall be paid from the proceeds of the CID Bonds.
The Net Proceeds from the sale of the CID Bonds shall be deposited into the CID Construction Account shall be used to pay or reimburse the CID Project Costs which are eligible expenses under the CID Act and located within or without the CID District, subject to the limitations in the CID Act, and, if applicable, federal tax law.