District Expenses definition

District Expenses means, beginning with calendar year 2019, the actual costs and expenses incurred by the District to administer the District and necessary to comply with the CID Act, the Redevelopment Agreement, and this Agreement, which, for calendar year 2019 shall equal $12,000 and, for each subsequent year, shall equal the preceding year’s District Expenses increased by 3% (unless a lesser amount is requested by the District).

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District Expenses means, beginning with calendar year 2022, the actual costs and expenses incurred by the District to administer the District and necessary to comply with the CID Act, the Redevelopment Agreement, and the District Project Agreement, which, for calendar year 2022 shall equal

District Expenses shall have the meaning set forth in the District Project Agreement.

Examples of District Expenses in a sentence

If the Park District Expenses and Damages exceed such unpaid balance, Contractor shall pay the difference to the Park District promptly on demand and the Park District may resort to any other rights or remedies the Park District may have by law or under this Agreement.
The Cost of District insurance shall be shared by the Municipalities in the same proportions as other District Expenses.
If the unpaid balance of the Contract Sum exceeds: (1) the expenses of completing the Work, including compensation for additional managerial and administrative services, plus (2) the Park District ’s losses and damages because of Contractor's default (collectively “Park District Expenses and Damages”), such excess shall be paid to Contractor.
If the applicable ordinance or indenture does not provide for the distribution of District Expenses to the District, the District may withhold District Expenses from the transfer of District Revenues to the City or the Trustee.
To the extent permitted by law, all sums advanced or deemed advanced by the Developer under this Section shall constitute Reimbursable Redevelopment Project Costs to be reimbursed to the Developer from the proceeds of TIF Obligations issued as provided herein or from District revenues as District Expenses.
If the Park District Expenses and Damages exceed such unpaid balance, Vendor shall pay the difference to the Park District promptly on demand and the Park District may resort to any other rights or remedies the Park District may have by law or under this Agreement.
If the amount of the Non-Contiguous District Expenses is greater than the amount received by Litchfield Park from the non-contiguous county island fire district, Litchfield Park shall be responsible to pay to Goodyear the difference.
On the Closing Date, Property Owner shall pay the following amounts to the District to reimburse the District and any County Expenses, if any, for their expenses in connection with the Agreement, which amounts are included in the CoPACE Financing and described in the schedule attached to the Resolution: District Expenses: { } District Legal Expenses: { } Failure to Close Fee: {SPECIFY} {Consider if any debt service reserves could be funded – for example, during construction.} Date: , 20 .
If the Park District Expenses and Damages exceed such unpaid balance, Vendor shall pay the difference to the Park District promptly on demand and the Park District may resort to any other rights or remedies the Park District may have by law or under this Contract.
In addition, the Developer will cause the District to transfer all other District Revenues (i.e., the portion not required to be deposited into the Special Allocation Fund by operation of the TIF Act), less District Expenses, to the City or to any Trustee for any TIF Obligations in accordance with Section 6.2. Once all TIF Obligations have been repaid, the District may use District Revenues for any purpose permitted by the CID Act and the petition providing for the creation of the District.

More Definitions of District Expenses

District Expenses means the reasonable expenses and costs of the operation and administration of the District including the reasonable expenses and costs incurred by the Municipality in connection with the formation of the District; its operations; its relationship with the Municipality; its issuance of the Assessment Bonds or the General Obligation Bonds or any similar matters and reasonable fees and related costs and expenses of staff of the Municipality, financial advisors, engineers, appraisers, attorneys and other consultants and including any overhead incurred by the Municipality with respect thereto and specifically allocated to the District Expenses. The District may retain third party consultant services to assist the District in its operations and the reasonable costs of such services shall be included as District Expenses.

District Expenses means the reasonable expenses and costs of the operation and administration of the District (but not O/M Expenses) including the reasonable expenses and costs incurred by the Municipality in connection with the formation of the District; its operations; its relationship with the Municipality; its development and maintenance of the website required by the Act; its issuance of the Assessment Bonds or the General Obligation Bonds or any similar matters and reasonable fees and related costs and expenses of staff of the Municipality, financial advisors, engineers, appraisers, attorneys and other consultants and including any overhead incurred by the Municipality with respect thereto and specifically allocated to the District Expenses. District Expenses also includes the amounts of the insurance premiums arising as a result of procuring insurance as described in Section 8.3 for the District (but not Brookfield and the Developer) and, to the extent necessary as a result of application to claims under such insurance, to pay the deductible described in Section 8.3.

District Expenses means the expenses and costs of the operation and administration of the District including, without limitation, the expenses and costs billed to the District by the Municipality for services relating directly or indirectly to the District, including but not limited to: overhead incurred by the Municipality in providing services to the District and

District Expenses means, beginning with calendar year 2019, the actual costs and expenses incurred by the District to administer the District and necessary to comply with the CID Act, the

District Expenses means the costs of issuance of the Bonds incurred by the District.

District Expenses means the actual costs and expenses incurred by the District to administer the District and necessary to comply with the CID Act, the Redevelopment Agreement, and the District Project Agreement, which, for calendar year 2019 shall equal $12,000 and, for each subsequent year, shall equal the preceding year’s District Expenses increased by 3% (unless a lesser amount is requested by the District). (For certainty, the District Expenses for calendar year 2023 shall equal $13,506.11.)