Examples of CID Petition in a sentence
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.
Pursuant to the Act, the City shall consider creation of a CID after receipt of a completed CID Petition ("Petition") (Exhibit A) and a Petition Fee as described in Section 10.A. The completed Petition will be reviewed by the City’s Finance Team and any other staff required for review of the Petition prior to consideration of a complete and valid Petition by the Governing Body.
The CID Petition requested the creation of a CID with boundaries coterminous with the Redevelopment Area and contemplated the imposition of a CID sales tax of up to one half percent (.5%).
The carrying amount of real estate as at 31 December 2015 approximates its fair value (Level 2), because it was purchased from unrelated parties on the free market, which is also the principal market (IFRS 13, p.58, B4).
As contemplated in the CID Petition, the CID Ordinance calls for the imposition of CID special assessments (“CID Assessments”) to be used to pay for and/or reimburse certain Eligible Expenses (as defined and set forth more particularly in Section 4.3 below) and the UG Infrastructure Improvements (as defined and set forth in Section 5.1 below).