Financing District definition

Financing District means the Bayfront Project Special Tax Financing District, established pursuant to Chapter 3.61.

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Financing District means a community facilities district to be authorized pursuant to the ▇▇▇▇▇-▇▇▇▇ Act, an assessment district, enhanced infrastructure financing district, and 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 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.

Examples of Financing District in a sentence

• The Property is situated within the City of Burlington’s Waterfront Tax Increment Financing District (the “Waterfront TIF District”), within which the City is authorized to invest public funds to construct or acquire infrastructure improvements that facilitate private investment, all in accordance with applicable laws and regulations and following approval by the Vermont Economic Progress Council, by the Burlington City Council and with the support of the voters via a public referendum.

• To make that request, the Owner shall submit to the City a petition to form the Financing District pursuant to California Government Code Section 53318(c).

• Upon the formation of a Financing District, the City shall use its best efforts to issue bonds upon the written request to do so by the Owner.

• While the City and the Owner recognize that the actual sale and delivery of the bonds of each separate improvement area within the Financing District are subject to market constraints and limitations that are outside the control of the City, the provisions of Section 22.5 above shall none the less apply.

• By approving this Agreement, the City Council has determined that certain improvements are eligible under the ▇▇▇▇▇-▇▇▇▇ Act and may be funded through a Financing District formed pursuant to this Agreement.

More Definitions of Financing District

Financing District means a special assessment district, community facilities district, or alternate financing mechanism to pay for the construction and/or maintenance and operation of public infrastructure facilities which are part of the Development Plan.

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 a green growth zone tax increment

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 means a Community Facilities District formed pursuant to the ▇▇▇▇▇-▇▇▇▇ Community Facilities Act of 1982, (California Government Code Sections 53311 et seq., as amended, and referred to herein as the “▇▇▇▇▇-▇▇▇▇” Law); an assessment district formed pursuant to the Landscaping and Lighting Act of 1972, (California Streets and Highways Code Sections 22500 et seq., as amended); a special assessment district formed pursuant to the Municipal Improvement Act of 1913, (California Streets and Highways Code Section 10100, et seq., as amended); or any other special assessment district pursuant to State law or by virtue of the City’s status as a Charter Law City, formed for the purposes of financing the construction, improvement, maintenance and/or operational costs of public improvements, facilities, services and/or public facilities fees within a specific geographical area of the City.

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 a community facilities district formed pursuant to the Mello Roos Community Facilities District Act of 1982, or a comparable special tax district formed to financing ongoing maintenance obligations for the Subject Property.