PID Reimbursement Agreement definition

PID Reimbursement Agreement means collectively or as applicable, the following:

PID Reimbursement Agreement means an agreement by and between the City and Developer by which the Parties establish the terms by which Xxxxxxxxx may obtain reimbursements for Authorized Improvements through the PID Bond Proceeds or Assessments. PID Resolution means the resolution and improvement order adopted by the Council creating the PID pursuant to Section 372.010 of the PID Act and approving the advisability of the Authorized Improvements. POA means the Xxxxx - Xxxx Ranch Property Owners’ Association, or such name as may be available with Texas Secretary of State, and its successors, which shall privately function as a property owners’ association for the Project. Public Infrastructure means all water, wastewater/sewer, detention and drainage, roadway, park and trail, and other infrastructure necessary to serve the full development of the Project and/or to be constructed and dedicated to the City under this Agreement. The term includes without limitation the Authorized Improvements.

PID Reimbursement Agreement means an agreement by and between the City and Developer by which the Parties establish the terms by which Xxxxxxxxx may obtain reimbursements for Authorized Improvements through the PID Bond Proceeds or Assessments. PID Resolution means the resolution and improvement order adopted by the Council creating the PID pursuant to Section 372.010 of Chapter 372 and approving the advisability of the Authorized Improvements.

Examples of PID Reimbursement Agreement in a sentence

• The form of Certification for Payment is set forth in Exhibit H, as may be modified by the Indenture, a construction funding agreement or a PID Reimbursement Agreement, if applicable.

• The City shall review each Payment Certificate within fifteen (15) business days of receipt thereof and upon approval, certify the Payment Certificate pursuant to the provisions of the Indenture or PID Reimbursement Agreement, if applicable, and payment shall be made to the Developer or its designee pursuant to the terms of the Indenture or PID Reimbursement Agreement, if applicable, provided that funds are available under the Indenture or PID Reimbursement Agreement.

• If a Payment Certificate is approved only in part, the City shall specify the extent to which the Payment Certificate is approved and payment for such partially approved Payment Certificate shall be made to the Developer pursuant to the terms of the Indenture or PID Reimbursement Agreement, as applicable, provided that funds are available under the Indenture or PID Reimbursement Agreement.

• Except as otherwise expressly provided for in this Agreement, Developer shall provide all Public Infrastructure necessary to serve the Project, including streets, utilities, drainage, sidewalks, trails, street lighting, street signage, traffic control devices or signs, and all other required improvements, at no cost to the City except as expressly provided in this Agreement or the PID Reimbursement Agreement, and as approved by the City’s engineer or his or her agent.

• The Parties shall, prior to or substantially contemporaneously with the initial levy of assessments on a phase(s) of the Project, enter into a PID Reimbursement Agreement (or similar agreement) to provide for reimbursement to Developer for Authorized Improvements Cost for such phase(s) from the collected annual installments of Assessments levied against such phase, to the extent that the PID Bond Proceeds will not be used to directly finance the Authorized Improvements Cost.

More Definitions of PID Reimbursement Agreement

PID Reimbursement Agreement means collectively or as applicable, the Improvement Area #1 Reimbursement Agreement and/or any Future Improvement Area Reimbursement Agreement.

PID Reimbursement Agreement means that certain PID Reimbursement Agreement – Fort Worth Public Improvement District No. 17 (Rock Creek Ranch) entered into by and between the City and the Developer attached hereto as Exhibit B.

PID Reimbursement Agreement means that certain PID Reimbursement Agreement, dated [November 7, 2017], between the City and the Developer in which the Developer agrees to fund certain Actual Costs of Authorized Improvements and the City agrees to reimburse the Developer for a portion of such Actual Costs funded by the Developer with interest as permitted by the PID Act.

PID Reimbursement Agreement means that certain “PID Reimbursement Agreement – Waterscape,” effective November 14, 2017, by and between the City and the Owner, as the developer of the Authorized Improvements, in which the Owner agrees to construct the Authorized Improvements and to fund certain Actual Costs of the Authorized Improvements and the City agrees to (i) pay directly or reimburse the Owner for Actual Costs of an Authorized Improvement from the proceeds of PID Bonds in accordance with the Act, this SAP and the applicable Indenture, and (ii) reimburse the Owner for Actual Costs of an Authorized Improvement not paid by proceeds of PID Bonds solely from the revenue collected from Assessments, including Annual Installments, not pledged to the payment of PID Bonds.

PID Reimbursement Agreement means the “PID Reimbursement Agreement - Fort Worth Public Improvement District No. 17 (Rock Creek Ranch)” approved by the City on , 2017.

PID Reimbursement Agreement means the “PID Reimbursement Agreement - Fort Worth Public Improvement District No. 17 (Rock Creek Ranch)” approved by the City on August 15, 2017, as amended by the Roadway Financing Agreement.

PID Reimbursement Agreement means the “PID Reimbursement Agreement - Fort Worth Public Improvement District No. 17 (Rock Creek Ranch)” between the City and the Developer relating to the Bonds, dated as of ___________, 2017, which provides, in part, for the deposit of proceeds from the issuance and sale of the Bonds and the payment of costs of Major Improvements within in the District, the issuance of bonds, the reimbursement of costs to the Developer from the proceeds of the Bonds for funds advanced by the Developer and used to pay costs of Major Improvements and other matters related thereto.