Common use of Community Improvement District Clause in Contracts

Community Improvement District. It is contemplated by the parties that the Project shall be funded in part by CID Bonds. Developer has identified certain Project Costs which may be paid with CID Bonds if and to the extent that such Project Costs are: (i) agreed- upon by the parties and identified on Exhibit L attached hereto for Phase 1 (the "Phase 1 CID Project Costs"), (ii) agreed-upon by the parties and identified on Exhibit M attached hereto for Phase 2 (the "Phase 2 CID Project Costs"), and (iii) eligible for payment or reimbursement pursuant to the CID Act. Collectively, the Phase 1 CID Project Costs and the Phase 2 CID Project Costs may be referred to herein as the "CID Project Costs." Further, in connection with the CID, the parties hereby agree as follows: