Examples of CID Project in a sentence
Such revenues shall be used to pay the costs of the CID Project on a pay-as-you-go basis and related expenses described in Section 3, above.
The CID Sales Tax will remain in effect for 22 years, or such lesser period as may be required for payment from CID Sales Tax revenues of the maximum amount of costs approved for CID Project in Section 3, above, whichever is the lesser period.
Payment of the Origination Fee will be a condition of reimbursement of CID Project expenses pursuant to Section 4 hereof.
Developer hereby understands and agrees that CID Proceeds from the CID Bonds for CID District 2 may not be spent for any Phase 1 CID Project Costs.
Subject to the terms and conditions of this Agreement, the City shall cause the collection of a CID sales tax of one and one-half percent (1.5%) on the sale of tangible personal property at retail or rendering furnishing services which are taxable pursuant to the Kansas Retailers' Sales Tax Act (K.S.A. 79-3601 et seq.) within the CID Districts (the "CID Sales Taxes"), such CID Sales Taxes shall be collected and applied to pay and/or reimburse Developer for CID Project Costs pursuant to the CID Act.