Common use of CFD Limitations Clause in Contracts

CFD Limitations. (a) City and Developer agree that each CFD will be formed so that the proceeds of CFD Bonds and Remainder Taxes may be applied to accomplish the following goals in the manner set forth in this Financing Plan: (i) to finance Qualified Project Costs; (ii) to finance Additional Community Facilities; and (iii) to finance Ongoing Park Maintenance. To accomplish these goals, and subject to the limitations set forth in this Section 2.8, and in light of the 2% Limitation and the CFD Goals:

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

AutoNDA by SimpleDocs

CFD Limitations. (a) City The Agency and Developer agree that each CFD will be formed so that the proceeds of CFD Bonds and Remainder Taxes may be applied to accomplish both of the following goals in the manner set forth in this Financing Plangoals: (i) first, to finance Qualified Project Costs; and (ii) second, to finance Additional Community Facilities; and (iii) to finance Ongoing Park Maintenance. To accomplish these goalsgoals in the priority order set forth in the previous sentence, and subject to the limitations set forth in this Section 2.8, and in light of the 2% Limitation and the CFD Goals:

Appears in 2 contracts

Samples: Exhibit H, Disposition and Development Agreement

CFD Limitations. (a) City Authority and Developer agree that each CFD will be formed so that the proceeds of CFD Bonds and Remainder Taxes may be applied to accomplish the following goals in the manner set forth in this Financing Plan: (i) to finance Qualified Project Costs; (ii) to finance Additional Community Facilities; and (iii) to finance Ongoing Park Maintenance. To accomplish these goals, and subject to the limitations set forth in this Section 2.8, and in light of the 2% Limitation and the CFD Goals:

Appears in 1 contract

Samples: Disposition and Development Agreement

AutoNDA by SimpleDocs

CFD Limitations. (a) City and Developer agree that each CFD will be formed so that the proceeds of CFD Bonds and Remainder Taxes may be applied to accomplish the following goals in the manner set forth in this Financing Plan: (i) to finance Qualified Project Costs; (ii) to finance Additional Community Facilities; and (iii) to finance Ongoing Park Maintenance. To accomplish these goals, and subject to the limitations set forth in this Section 2.8, and in light of the 2% Limitation and the CFD Goals:)

Appears in 1 contract

Samples: Development Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.