Community Facilities District. Without obtaining the prior written consent of Agent, Grantor shall not consent to, or vote in favor of, the inclusion of all or any part of the Property in any Community Facilities District formed pursuant to the Community Facilities District Act, §§ 48-701, et seq., as amended from time to time. Grantor shall immediately give notice to Agent of any notification or advice that Grantor may receive from any municipality or other third party of any intent or proposal to include all or any part of the Property in a Community Facilities District. Agent shall have the right to file a written objection to the inclusion of all or any part of the Property in a Community Facilities District, either in its own name or in the name of Grantor, and to appear at, and participate in, any hearing with respect to the formation of any such district. [Signatures appear on the following page.]
Community Facilities District. Vertical Developer hereby acknowledges that the Property is and will continue to be subject to the lien of Special Taxes for community facilities districts (collectively, the “CFDs”), including: (i) the Redevelopment Agency of the City and County of San Francisco Community Facilities District No. 7 (Hunters Point Shipyard Phase One Improvements), as set forth in the Second Amended and Restated Notice of Special Tax Lien recorded in the Official Records of the City and County of San Francisco on September 15, 2008, as instrument number 2008I645982; and (ii) Redevelopment Agency of the City and County of San Francisco Community Facilities District No. 8 (Hunters Point Shipyard Phase One Maintenance), as set forth in the Notice of Special Tax Lien recorded in the Official Records of the City and County of San Francisco on September 15, 2008, as instrument number 2008I645983. Such CFDs were formed, and bonds have been and will be issued, to finance construction of certain infrastructure and other improvements, including Open Space, and to provide certain services, including maintenance of the Open Space. The Agency and Vertical Developer, as required, shall cooperate to provide the City, the Agency and the CFD administrator(s) with the information required by the CFDs to calculate and levy Special Taxes on the Property in any year. Vertical Developer shall not, at any time, contest, protest, or otherwise challenge the formation of the CFDs or the issuance of additional bonds or other financing secured by Special Taxes.
Community Facilities District. Without obtaining the prior written consent of Lender, Borrower shall not consent to, or vote in favor of, the inclusion of all or any part of the Property in any Community Facilities District formed pursuant to the Community Facilities District Act, A.R.
Community Facilities District. Buyer acknowledges and agrees that Seller shall have the right to encumber the Property with a supplemental special tax related to a replacement and/or newly formed Community Facilities District (“CFD”); provided, however, (i) Buyer and Seller shall work together, in good faith, during the Inspection Period to understand the scope of the CFD and the associated tax burden on the Property; (ii) Buyer may terminate this Agreement at any time during the Inspection Period if Buyer does not approve of the CFD (or the associated tax burden), and (iii) following the expiration of the Inspection Period, no changes may be made to the CFD or the associated tax burden without Buyer’s consent.
Community Facilities District. Vertical Developer hereby acknowledges that the Property is and will continue to be subject to the lien of Special Taxes for community facilities districts (collectively, the “CFDs”), including: (i) Redevelopment Agency of the City and County of San Francisco Community Facilities District No. 7 (Hunters Point Shipyard Phase One Improvements) (“CFD No. 7”), as set forth in the Third Amended and Restated Notice of Special Tax Lien recorded in the Official Records of the City and County of San Francisco on May 14, 2014, as instrument number 2014J879951; and (ii) Redevelopment Agency of the City and County of San Francisco Community Facilities District No. 8 (Hunters Point Shipyard Phase One Maintenance) (“CFD No. 8”), as set forth in the Amended and Restated Notice of Special Tax Lien recorded in the Official Records of the City and County of San Francisco on May 14, 2014, as instrument number 2014J879952. Such CFDs have been formed. In CFD No. 7, Special Taxes have been and will be collected, and bonds have been and will be issued, to finance construction of certain infrastructure and other improvements, including Open Space. In CFD No. 8, Special Taxes have been and will be collected to provide certain services, including maintenance of the Open Space. The Agency and Vertical Developer, as required, shall cooperate to provide the City, the Agency and the CFD administrator(s) with the information required by the CFDs to calculate and levy Special Taxes on the Property in any year. Vertical Developer shall not, at any time, contest, protest, or otherwise challenge the formation of the CFDs, the issuance of additional bonds or other financing secured by Special Taxes, or the application of bond proceeds or Special Taxes. Vertical Developer shall not institute, or cooperate in any manner with, proceedings to repeal or reduce the Special Taxes.
Community Facilities District. As contemplated in Section 4.5 of this Agreement and 4.6.2.8 of the Disposition and Development Agreement the City shall cooperate with the Developer to establish one or more CFDs pursuant to the Xxxxx Xxxx Act and as permitted by State law to finance capital improvements and related infrastructure, public facilities, public services, and ongoing maintenance cost obligations that may be required in connection with the Project and the development of the Property, pursuant to the terms of this Agreement.
Community Facilities District. Notwithstanding any other provisions, BUYER acknowledges that the Property is within the boundaries of the City of Oceanside Community Facilities District No. 2000-1 (Ocean Ranch Corporate Centre) ("CFD 2000-1"), and that a special tax will be included in BUYER's annual property tax xxxx for the repayment of indebtedness incurred by CFD 2000-1. The maximum special tax which may be levied upon the Land by CFD 2000-1 is as set forth in the Notice of Special Tax annexed as Exhibit "F" to the Ocean Ranch Contract. Concurrently with the execution of this Agreement, BUYER shall execute and deliver to SELLER a copy of the Notice of Special Tax to confirm that SELLER has given written notice to BUYER of the Rate and Method of Apportionment for CFD 2000-1 and that BUYER has approved such matters.
Community Facilities District. Developer agrees to cooperate in the formation of, or annexation into, a community facilities district or districts established pursuant to the Xxxxx-Xxxx Community Facilities District Act of 1982 (Gov. Code §§ 53311–53368.3) (the “Xxxxx-Xxxx Act”) including approval of the Rate, Method of Apportionment and Manner of Collection of Special Tax ("RMA") for the purpose of financing the Cityʼs acquisition of facilities required for the off-site mitigation of the Dublin Boulevard Extensionʼs permanent indirect impacts (described in Section 9.1). Developer and City agree that the boundaries of the district(s) will include all of the Property as more particularly described in Exhibit A, and that Developer will not contest and will, for and on behalf of all of the Property, vote in favor of formation of or annexation into the district(s) prior to filing the first final map. Developer shall pay its fair share of administrative costs incurred by the City associated with the formation of and/or annexation into the district(s), as determined by the City Engineer.
Community Facilities District. Developer agrees to cooperate in the formation of, or annexation into, a community facilities district or districts established pursuant to the Xxxxx-Xxxx Community Facilities District Act of 1982 (Gov. Code §§ 53311–53368.3) (the “Xxxxx-Xxxx Act”) including approval of the Rate, Method of Apportionment and Manner of Collection of Special Tax ("RMA") for the purpose of financing the services and maintenance of certain public facilities/improvements constructed by the Developer. Xxxxxxxxx agrees that the boundaries of the district(s) will include all of the Property, and that Developer will not contest and will, for and on behalf of all of the Property, vote in favor of formation of or annexation into the district(s) prior to filing the first final map. Developer shall pay its fair share of administrative costs incurred by the City associated with the formation of and/or annexation into the district(s), as determined by the City Engineer.
Community Facilities District. Without obtaining the prior written consent of Mortgagee, Mortgagor shall not consent to, or vote in favor of, the inclusion of all or any part of the Mortgaged Property in any Community Facilities District formed pursuant to the Community Facilities District Act, A.R.
