Examples of CID Improvements in a sentence
The City hereby agrees that the CID Improvements may be reimbursed with Pay-As-You-Go CID Financing (as defined below), consisting of revenues received from the imposition of a CID Sales Tax in the amount of one percent (1%) on the sale of tangible personal property at retail or the rendering or furnishing of services which are taxable pursuant to the Kansas Retailers' Sales Tax Act (K.S.A. 79-3601 et seq.) within the District.
Other than such portion of the CID Improvements, the balance of the costs of completing the Project shall be funded by Private Funds (as defined in Section 3.01 below).
Notwithstanding anything to the contrary herein, the City hereby agrees that at any time prior to the implementation of the CID Sales Tax or following Developer’s Substantial Completion of the CID Improvements, Developer may terminate this Agreement by thirty (30) days prior written notice to the City.
Developer, using Private Funds, will initially advance all of the costs for the design, development and construction of the CID Improvements.
The City and Developer hereby agree that the Project consists of the renovation of Hawthorne Plaza, including the CID Improvements and other improvements described in this Section 2.01 and as set forth on the Project Budget attached hereto and incorporated by reference herein as Exhibit F.