Examples of PID in a sentence
If PID Bonds are not issued (or prior to such issuance) to pay Actual Costs of Authorized Improvements, the Developer may elect to make Developer Advances to pay Actual Costs.
This Agreement shall apply to all of the PID Bonds issued by the City whether in one or more series, and no additional financing agreement shall be required for future series of PID Bonds.
The City, in its sole, legislative discretion, may issue PID Bonds, in one or more series, when and if the City Council determines it is financially feasible for the purposes of: (1) paying a Reimbursement Obligation (as provided in the applicable Reimbursement Agreement); or (2) paying directly Actual Costs of Authorized Improvements described in the applicable Indenture.
PID Bonds issued for such purpose will be secured by and paid solely as authorized by the applicable Indenture.
The City shall keep and maintain a proper and complete system of records and accounts pertaining to the Assessments for so long as PID Bonds remain outstanding or Reimbursement Obligation remains unpaid.