Examples of Reassessment District in a sentence
Any funds received by the Town in and for the Reassessment District, including, but not limited to, collections of Reassessments upon the secured tax rolls, collections of delinquent Reassessments and penalties thereon, through foreclosure proceedings and the prepayment of Reassessments or portions thereof, shall be immediately deposited into the Redemption Fund.
Funds placed in the Redemption Fund attributable to the administrative costs of prepayment of Reassessments and any amounts collected pursuant to Sections 8682 and 8682.1 of the Bond Law (as further described in Section 5.01(c) hereof) shall be used by the Town to pay the costs of the Town in complying with the provisions of this Agreement and the administration of the Reassessment District and Administrative Expenses (as defined in the Authority Bonds Indenture).
Moneys in the Redemption Fund shall be held by the Finance Director for the benefit of the Town and the Owners of the Reassessment Bonds, and shall be disbursed for the payment of the principal of, and interest and any premium on, the Reassessment Bonds, and for payment of administrative expenses of the Reassessment District and Administrative Expenses (as defined in the Authority Bonds Indenture), as provided below.
Upon the terms and conditions and upon the basis of the representations, warranties and agreements hereinafter set forth, the Underwriter hereby agrees to purchase from the Authority for offering to the public, and the Authority hereby agrees to sell to the Underwriter for such purpose, all (but not less than all) of the Tiburon Public Financing Authority 2016 Refunding Revenue Bonds (Consolidated Reassessment District) (the “Bonds”).
In the case of the Newport Coast Assessment District 01-1 Bond refunding, this assumes a refunding issue structured as a single Reassessment District or similarly pooled single refunding issue.
The validity of the authorization and issuance of the Authority Bonds shall not be affected in any way by any proceedings taken by the Authority, the Town or the Reassessment District with respect to the application of the proceeds of the Authority Bonds, and the recital contained in the Authority Bonds that the same are issued pursuant to the Bond Law shall be conclusive evidence of their validity and of the regularity of their issuance.