City Financing definition

City Financing means the financing obtained and used by the City to fund construction of the Venue, as determined by the City in its sole discretion.

City Financing means the financing source and structure to be used by the City to fund construction of the Stadium.

City Financing means funds loaned by the City to Developer for development of the Project pursuant to the HTF reservation described in Recital E and as memorialized in an executed Development Loan Agreement and ancillary documents between the City and Developer.

Examples of City Financing in a sentence

• Subsequent requests for appropriations shall be made in each Fiscal Year thereafter so that the City Financing Amount to be paid during the succeeding Fiscal Year will be available for such purposes.

• The City presently expects to, in each Fiscal Year of the City during the Agreement Term, appropriate funds for the City Financing Amount so that the City Financing Amount to be paid during the succeeding Fiscal Year will be available for such purposes.

• It is the intention of the City that the decision to appropriate the City Financing Amount to provide financing for the Project pursuant to this Agreement shall be made solely by the Board of Aldermen and not by any other official of the City except subject to the power of the Mayor of the City to approve or disapprove ordinances.

• The City covenants and agrees that the City’s Budget Director, or any other officer at any time charged with responsibility of formulating budget proposals, is hereby directed to include in the budget proposals submitted to the Board of Estimate and Apportionment, and to the extent permitted by law, to the Board of Aldermen of the City, in any year during the Agreement Term, a request or requests for the City Financing Amount as set forth on Exhibit C attached hereto.

• Once the application is received by the Finance Director and City Manager, it will be reviewed by the City Financing Team based on the needs of the project.

More Definitions of City Financing

City Financing means the issuance of up to $260,000,000 of indebtedness by the City pursuant to the City Financing Documents, the proceeds of which financing shall be applied exclusively to the payment of Project Costs.

City Financing. Contribution means the net proceeds of the City’s issuance of Certificates of Obligation, the principal amount of which shall be determined by the City based upon the Total Convention Center costs; provided that the City shall not be obligated to contribute more than $25,000,000 (total, including design and construction costs) to the City Facilities. The City may contribute additional funds or resources to the City Facilities, pursuant to the Master Agreement, but the City shall not contribute more than $25,000,000 in net proceeds of its debt financing for the total costs of the City Facilities.

City Financing means the bonds, notes or other obligations issued by the City to pay for the purchase of improvements and/or the Developer incentive payments and related costs of financing including funding of reserve funds, capitalized interest and issuance expenses.

City Financing has the meaning assigned to such term in Section 3.03. “City Funds” has the meaning assigned to such term in Section 3.03.

City Financing is defined in Section 2.1.

City Financing means (A) the "City Financing" as defined in the Funding Agreement,

City Financing. The City agrees to use, in the amounts set forth in Section 4.03 hereof, Incremental Taxes (as defined below), to pay for or reimburse Developer for the costs of TIF-Funded Improvements pursuant to the terms.and conditions of this Agreement. In addition, the City may, in its discretion, issue tax increment allocation bonds ("TIF Bonds") secured by Incremental Taxes pursuant to a TIF bond ordinance (the "TIF Bond Ordinance"), at a later date as described in Section 4.03(d) hereof, the proceeds of which (the "TIF Bond Proceeds") may be used to pay for the costs of the TIF-Funded Improvements not previously paid for from Incremental Taxes or in order to reimburse the City for the costs of TIF­ Funded Improvements.