Examples of Special Taxes in a sentence
As also provided in the Financing Plan, the City’s grant of credits against Development Impact Fees (as defined in the Development Agreement) as a result of Owner’s construction of any Improvement shall not prevent the financing of all or any portion of the Purchase Price of such Improvement with the proceeds of the Bonds and Surplus Special Taxes of the Improvement Areas.
The Purchase Price or any increment thereof for an Improvement shall be payable to the Owner from the Surplus Special Taxes until the earlier of (i) the Owner’s submittal of its final payment request for the Improvements and payment in full for all amounts approved by the City for the Improvements, or (ii) the payment in full of all Bonds.
As provided in the Financing Plan, the Improvements may be financed with the proceeds of Bonds issued for the Improvement Areas and Surplus Special Taxes collected within either or both Improvement Areas.
Romoland, pursuant to the written request of the Property Owner, initiated proceedings pursuant to the Act for the formation of the CFD, the authorization of the Special Taxes within the CFD and the authorization of Bonds on behalf of the CFD, with the qualified electors approving the levy of the Special Taxes and the sale of the Bonds.
The purpose of this Agreement is to provide a mechanism by which the CFD may levy Special Taxes within the Improvement Areas and issue Bonds on behalf of the Improvement Areas to provide a source of funds to finance PUHSD Facilities in lieu of CFD No. 91-1 Prepayments, or upon receipt of a credit for such CFD No. 91-1 Prepayments, such CFD No. 91-1 Prepayments agreed upon in lieu of School Fees.