Improvement Area Bonds definition

Improvement Area Bonds means bonds issued to fund any future development areas or phases (or a portion thereof) in the District and which are secured solely by assessments levied against the property in the future development area benefitting from such improvements being financed, as described in Section 13.2 hereof.
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Improvement Area Bonds means one or more series of Bonds to be issued by the CFD for an Improvement Area pursuant to the CFD Act.
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Improvement Area Bonds means the bonds, notes or other “debt” as such term is defined in Government Code Section 53317(d) secured by the levy of Improvement Area Special Taxes issued to generate proceeds for deposit into the applicable Improvement Fund.
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Examples of Improvement Area Bonds in a sentence

  • All Special Taxes and the proceeds of Improvement Area Bonds, if any, generated from the Initial Improvement Areas shall be utilized in accordance with and subject to the priorities and requirements established in Section 7 of the Amended DA.

  • If and to the extent any Special Taxes and proceeds of Improvement Area Bonds are designated under Section 7 of the Amended DA for expenditure on Backbone Infrastructure or Additional Backbone Infrastructure, such proceeds will be utilized to fund the Backbone Infrastructure and, if applicable, any Additional Backbone Infrastructure in accordance with the ARMIA and this Acquisition Agreement.

  • This Acquisition Agreement shall apply to each and every newly-designated Improvement Area that results from a Change Petition in the same manner as this Acquisition Agreement applies to the Initial Improvement Areas, and all Special Taxes and proceeds of Improvement Area Bonds generated from the newly-designated Improvement Areas shall be applied in the same manner as set forth in Section 2.1.

  • Article V of the ARMIA describes certain available procedures for the funding of and reimbursement for the Backbone Infrastructure and, if applicable, any Additional Backbone Infrastructure with proceeds of Improvement Area Bonds and Special Taxes under the CFD Act, including recognition that the City may authorize payments for discrete portions or phases of Facilities, to the extent authorized by Section 53313.51 of the CFD Act.

  • Without limiting that obligation, if, and to the extent, Xxxx proceeds and/or Special Tax proceeds are available, the City of Irvine shall, subject to the requirements of the ARMIA and this Acquisition Agreement, acquire Facilities and Components from the Developer using (1) proceeds of Improvement Area Bonds, if any, deposited in the Project Fund pursuant to the ARMIA, and (2) special tax proceeds deposited in the Facilities Financing Fund pursuant to the ARMIA.


More Definitions of Improvement Area Bonds

Improvement Area Bonds means one or more series of Bonds to be issued by the CFDs for an Improvement Area pursuant to the CFD Act.
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Related to Improvement Area Bonds

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Redevelopment project means any work or undertaking

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Capital Improvement or "Capital Improvement Project" means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities of Local Subdivisions, including real property, interests in real property, and facilities and equipment of Local Subdivisions related or incidental thereto.

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.  Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.

  • Improvement Fund means the Improvement Fund for General Obligation Temporary Notes, Series 2017-1 created pursuant to Section 501 hereof.

  • Project site, where applicable, means the place indicated in bidding documents.

  • Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.

  • The Project Site, where applicable, means the place or places named in the SCC.