CID Sales Tax. The City hereby agrees that the CID Improvements may be financed and reimbursed with Pay-As-You-Go CID Financing, and payable from revenues received from the imposition of a CID Sales Tax in the amount of one percent (1%) on the sale of tangible personal property at retail or rendering or furnishing services which are taxable pursuant to the Kansas Retailers' Sales Tax Act (K.S.A. 79-3601 et seq.) within the District. The Developer agrees to provide to the Kansas Department of Revenue (the "DOR") a list of tenants within the District within the timeframes required by the DOR, so that the DOR can notify tenants within the District of their requirement to collect a CID Sales Tax beginning on that certain date which is set forth in Recital E of this Agreement. At the time the list of tenants is provided to the DOR, the Developer shall also provide a copy to the City.
CID Sales Tax. The City shall deliver a certified copy of the CID Ordinance to the Kansas Department of Revenue imposing the CID Sales Tax upon the receipt of written notice from the Developer requesting such delivery. Except as otherwise set forth herein, all of the CID Sales Tax collected and delivered to the CID Sales Tax Fund shall be available for and dedicated to pay the CID Costs for the duration of the Term.
CID Sales Tax. The City has delivered a copy of the CID Ordinance to the Kansas Department of Revenue (“DOR”) imposing the CID Sales Tax effective October 1, 2012. The Developer agrees to provide to the DOR a list of tenants within the District no later than April 1, 2012, so that the DOR can notify tenants within the District of the requirement of the tenant to impose a CID Sales Tax beginning on October 1, 2012. At the time the list of tenants is provided to the DOR, the Developer shall also provide a copy to the City. Except as otherwise set forth herein, all CID Sales Tax shall be available for and dedicated to pay Eligible Expenses until sufficient CID Sales Tax has been received to pay for the cost of Eligible Expenses or not later than the date the CID Bonds issued to finance the Project or refunding bonds issued therefor shall mature and shall be utilized according to the procedures set forth herein in the following order of priorities:
CID Sales Tax. If the CID Ordinance is passed by the Governing Body, the City will deliver a certified copy of the CID Ordinance to the Kansas Department of Revenue (“KDOR”) upon the earlier of: (i) ten (10) business days after the City receives a request from the Developer to deliver the CID Ordinance to KDOR or (ii) April 1, 2022. Collection of the CID Sales Tax will commence as soon as allowed under KDOR policies following KDOR’s receipt of the CID Ordinance and will continue throughout the CID Term. Except as otherwise set forth herein, all CID Sales Tax Revenues collected and delivered to the CID Sales Tax Fund will be available for and dedicated to pay the CID Eligible Costs for the duration of the CID Term.
CID Sales Tax. In accordance with the CID Act, the CID has imposed the CID Sales Tax on all retail sales in the CID area.
CID Sales Tax. Subject to the terms and conditions of this Agreement and the CID Ordinance, the UG hereby agrees that (i) first, the UG Contribution, plus Interest, and (ii) thereafter, certain of Developer's eligible Project Costs as described in the Total Project Budget attached hereto as Exhibit H, and any other hard construction costs authorized by the CID Petition and legally eligible under the CID Act, shall be reimbursed with Pay-Go CID Financing (defined below in Section 4.3(d)) from the imposition of the CID Sales Tax in the amount of two percent (2%) on the sale of tangible personal property at retail or rendering or furnishing of services which are taxable pursuant to the Kansas Retailers' Sales Tax Act (K.S.A. 79-3601 et seq.) from only those revenues received from within the CID. Developer agrees to provide to the Kansas Department of Revenue (the "DOR") a list of tenants, licensees, vendors and concessionaires within the CID within the timeframes required by the DOR, so that the DOR can notify tenants within the CID of their requirement to collect the CID Sales Tax. At the time the list of tenants, licensees, vendors and concessionaires is provided to the DOR, Developer shall also provide a copy to the UG.
CID Sales Tax. Subject to the terms and conditions of this Agreement and the CID Ordinance, the UG hereby agrees that the CID Eligible Expenses may be financed and reimbursed with Pay-As-You-Go CID Financing (defined below in Section 4.4(c)) from the imposition of the CID Sales Tax in the amount of one percent (1%) on the sale of tangible personal property at retail or rendering or furnishing of services which are taxable pursuant to the Kansas Retailers' Sales Tax Act (K.S.A. 79-3601 et seq.) from only those revenues received from within the CID. Developer agrees to provide to the Kansas Department of Revenue (the “DOR”) a list of tenants within the CID within the timeframes required by the DOR, so that the DOR can notify tenants within the CID of their requirement to collect the CID Sales Tax. At the time the list of tenants is provided to the DOR, Developer shall also provide a copy to the UG.
CID Sales Tax. Subject to the conditions set forth in Section 5.05 below, the City hereby agrees that the CID Improvements may be financed by and reimbursed to Developer with Pay-As-You-Go CID Financing, and payable from revenues received from the imposition of a CID Sales Tax within the CID in an amount equal to one-half percent (0.50%) on the sale of tangible personal property at retail or rendering or furnishing services which are taxable pursuant to the Kansas Retailers' Sales Tax Act (K.S.A. 79-3601 et seq.) within the boundaries of the CID. However, the parties further agree that commencing with the date that the TDD Sales Tax shall terminate, the CID Sales Tax within the CID shall be increased to an amount equal to one and one-half percent (1.50%) on the sale of tangible personal property at retail or rendering or furnishing services which are taxable pursuant to the Kansas Retailers' Sales Tax Act. The Developer agrees to provide to the DOR a list of tenants within the CID within the timeframes required by the DOR, so that the DOR can notify tenants within the CID of their requirement to collect a CID Sales Tax beginning on that certain date which is set forth in the ordinance approving the CID. At the time the list of tenants is provided to the DOR, the Developer shall also provide a copy to the City.
CID Sales Tax. If the CID Sales Tax Ordinance is passed by the City’s Governing Body, the City will deliver a certified copy of the CID Sales Tax Ordinance to the Kansas Department of Revenue (“KDOR”). Collection of the CID Sales Tax will commence on the first day of the calendar quarter at least 90 days following KDOR’s receipt of the CID Sales Tax Ordinance, or such other time as may be required under State law, and will continue throughout the CID Sales Tax Term.
CID Sales Tax. CID financing has been accepted and approved, and the City has delivered a certified copy of the CID Ordinance to the Kansas Department of Revenue (“KDOR”). Collection of the CID Sales Tax will commence on the first day of the calendar quarter following KDOR’s receipt of the CID Ordinance, or such other time as may be required under State law, and will continue throughout the CID Term. Except as otherwise set forth herein, all of the CID Sales Tax Revenues collected and delivered to the CID Sales Tax Fund will be available for and dedicated to pay the CID costs for the duration of the CID Term for the benefit of the CID District, as applicable.
