Future Districts Sample Clauses
The "Future Districts" clause defines how new geographic or administrative areas, referred to as districts, will be handled under the agreement as they are created or recognized in the future. Typically, this clause outlines the process for incorporating these new districts into the scope of the contract, such as automatically including them under existing terms or requiring a formal amendment. By establishing a clear mechanism for addressing future changes in district boundaries or designations, this clause ensures the agreement remains relevant and comprehensive, preventing disputes or gaps in coverage as new districts emerge.
Future Districts. The City will permit formation of special districts within the Property upon request of the Owner involved and in accordance with applicable Colorado law, City Code and the City’s Special District Policy.
Future Districts. The Developer agrees and understands that the City reserves the right to create future community improvement districts on comparable projects with different community improvement district sales tax rates (or with special assessments as authorized by the Act) or any other terms than those approved for the Project.
Future Districts. Developer agrees and understands that the County reserves the right to create Future Improvement Districts on comparable projects with different Improvement District sales tax rates (or with special assessments as authorized by the CID Act) than those approved for the Downtown ▇▇▇▇▇▇▇ project; provided, however, the County shall at all times maintain the pledge of the CID Sales Tax Fund as required by the Bond Agreements for issuance of the Bonds. Developer waives any right to request a modification or amendment to the Downtown ▇▇▇▇▇▇▇ project CID sales tax rate based upon such differences.