Special assessment bonds definition

Special assessment bonds means any bonds issued to represent unpaid assessments upon lands in an area fixed and defined by the local agency, the lands within such area being specially benefited by and assessed or to be assessed to pay the costs and expenses of a public acquisition or improvement.

Special assessment bonds means bonds, notes, or other securities issued by a municipality, county, or authorized instrumentality that are payable solely from and secured by special assessments levied by the governing body of the municipality or county in a public improvement district.

Special assessment bonds means any bonds issued pursuant to the Bond Indenture payable from and secured by revenues derived from the imposition and collection of the Special Assessment Part B, whether in one or more series, including any bonds issued to refund such bonds.

Examples of Special assessment bonds in a sentence

• Special assessment bonds issued under this section are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.

• Special assessment bonds provide for capital improvements that benefit specific properties, and will be repaid from amounts levied against those properties benefited from the construction.

• Special assessment bonds may be an obligation of the special assessment district or districts or may be both an obligation of the special assessment district or districts and a general obligation of the City.

• Special assessment bonds are repaid from amounts levied against affected property owners, but in the unlikely event collections are not sufficient to make debt payments, the responsibility rests with the City to meet that obligation.

• Special assessment bonds provide for capital improvements that benefit specific properties and will be repaid from amounts levied against those properties that directly benefited from the construction.

• Special assessment bonds have been issued under various public improvement acts of the State of California and are secured by liens against properties deemed to have been benefited by the improvements for which the bonds were issued.

• Special Assessment Bonds: Special assessment bonds are payable from the proceeds of assessments levied against the specific property owners who primarily benefited from the project.

• Special assessment bonds are a special type of municipal bond used to fund development projects that benefit a discrete group of taxpayers within a special assessment district.

• Special assessment bonds are municipal bonds used to fund a development project.

• Special assessment bonds, TIF bonds, and sales tax revenue bonds currently outstanding are as follows:Special Assessment Bonds (including TIF bonds):$6,015,000 of Refunding Improvement Bonds of 2009, Series A, (refund of 2002A, 2001A and 2001C) due in annual installments of $665,000 to$760,000 through 2017; interest at 3.0%.

More Definitions of Special assessment bonds

Special assessment bonds means any bonds issued to

Special assessment bonds means bonds issued on behalf of LIDs to finance local improvement costs, CSDCs, SDCs, and other costs associated with constructing sewer facilities and extending sewer lines to provide sewer service to an LID. RVS may use alternate methods of financing as well.

Special assessment bonds means bonds, notes, or

Special assessment bonds means collective reference to the Series 1999A Bonds and the Series 1999B Bonds.

Special assessment bonds means that series of Bonds anticipated to be paid principally from proceeds of Special Assessments and issued in an aggregate principal amount sufficient to produce amounts available for public improvement capital costs equaling $30,000,000.

Special assessment bonds means the Special Assessment Bonds dated July 15, 1998, issued by the Black Hawk Improvement District of Xxxxxx County, Colorado, Special Improvement District No. 1997-1.