Financing District definition

Financing District shall refer to a special improvement district, assessment district, maintenance district, landscape and lighting district, community facilities district, community development district, amenity club plan, metropolitan district, or other similar improvement, maintenance or financing district or other financing mechanism creating an additional tax or assessment burden on land affecting all or any of the Property. Subject to the terms and conditions below, Builder shall be entitled to receive and retain all reimbursements, credits and other third party payments related to the Property including payments and reimbursements from Financing Districts. If Builder controls any impact fee, school or other credits pertaining to the Unpurchased Homesites, or reimbursement rights or other rights pertaining to the Unpurchased Homesites under any third party agreements, or any impact fee, school or other credits or reimbursement rights from any Financing District on account of improvements installed pursuant to the Construction Agreement, or payments made by Builder with respect to the Unpurchased Homesites, Builder shall promptly following the written request of Owner after termination of the Option assign such rights to the extent related to the Unpurchased Homesites to Owner and cooperate to execute appropriate assignment documents and obtain all required third-party consents to such assignments (if any). If any Owner Party receives any reimbursements, credits, or proceeds from any Financing District, such Owner Party shall within ten (10) business days of such receipt deliver and assign to the applicable Builder Party such reimbursements, credits, or proceeds.
Financing District means the Bayfront Project Special Tax Financing District, established pursuant to Chapter 3.61.
Financing District means the Bayfront Project Special Tax Financing District created pursuant to Chapter 3.61 of the Chula Vista Municipal Code.

Examples of Financing District in a sentence

  • Pursuant to the Power of Attorney, Builder may execute on behalf of Owner any and all applications, agreements, and other documents that are reasonably related to the proposed development of the Property including without limitation any documents that must be signed by the owner of the Property (e.g., Final Plats, the Declaration, easements, and Financing District documents).

  • Owner and Contractor hereby acknowledge and agree that Contractor shall be entitled to any and all reimbursement and/or advances from any Financing District (as defined in the Option Agreement).

  • Upon Builder’s request, Owner shall convey all or a portion of the Common Areas to Builder, the Association, a Financing District or any other Approving Authority; provided, however, that Owner shall be entitled to reserve such easements as may be reasonably necessary for the development of the Unpurchased Homesites.

  • In connection with the funding and formation of any Financing District (as defined below), Owner Parties shall cooperate and execute such documents as are required to be signed by Owner in its capacity as the fee title owner of the Property or portions thereof).

  • Additionally, if following Builder’s acquisition of all of the Homesites in accordance with the terms of this Agreement, Owner still holds legal title to any portion of the Property, including, without limitation, any Common Areas (the “Remainder Parcels”), Owner shall convey by quitclaim such Remainder Parcels to, at Builder’s option, either Builder, the applicable Financing District, and/or the applicable homeowner’s association.


More Definitions of Financing District

Financing District means a community facilities district formed pursuant to the Mello Roos Community Facilities Act of 1982 (Government Code section 53311 et seq. ), an assessment district formed pursuant to the Landscaping and Lighting Act of 1972 (Streets and Highways Code section 22500 et seq.), or any other similar special district or assessment district existing pursuant to state law for purposes of financing the cost of public improvements, facilities, services or public facilities within a distinct geographic area of the City.
Financing District means an assessment district, community facilities district or other district formed by the City under State law or this Code for the purpose of funding one or more Capital Improvement Projects provided that it may lawfully include funding for Public Art.
Financing District means a community facilities district to be authorized pursuant to the Xxxxx-Xxxx Act, an assessment district, an infrastructure financing district or other form of district or bond financing authorized by the State as a means to fund public improvements including, public safety services, and/or maintenance of those improvements.
Financing District means the Bayfront Project Special Tax Financing District, a financing district established and existing pursuant to Chula Vista Municipal Code Chapter 3.61 Bayfront Project Special Tax Financing District Procedural Ordinance.
Financing District means any public or quasi-public body that is established to finance utility, road, transportation, school and certain other infrastructure and improvement costs through the sale of bonds which are repaid through assessments on land within the Financing District.
Financing District has the meaning given to it in Section 4.20.