Infrastructure Financing Clause Samples

Infrastructure Financing. In recognition of the extraordinary public infrastructure costs associated with development of the Project, including, without limitation, the Public Improvements, the Town and JAC have agreed to the establishment of certain mechanisms between the public and private sectors to accomplish the financing of the infrastructure contemplated by the Annexation Agreement. Such mechanisms as set forth in the Service Plan are hereby incorporated by reference.
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Infrastructure Financing. 6.1. The Developer desires that development of the Property pursuant to this Agreement provides positive economic benefits to the Cities and their residents by, among other things, increasing property tax and other revenues to the community based on improvements to be constructed on the Property. This Agreement is subject to MS City and FW City entering into an interlocal agreement for distribution of tax revenues and certain fees realized from the Project. The Parties also agree to use reasonable efforts to employ the financing mechanisms set forth in Title 17C or Title 17D of the Utah Code. 6.2. The Parties agree to work together in good faith to create mutual-gain public finance opportunities that will help fund both public infrastructure and private improvements associated with the Project. The Cities shall participate in good faith and cooperate with Developer’s pursuant of the following financing mechanisms: 6.3. The Parties shall cooperate with and not impede the formation of one or more Project Areas via the MS Agency in accordance with Utah Code § 17C-1-102(4). If a Project Area is created by the Agency, the Cities shall negotiate in good faith and use reasonable efforts to enter into an interlocal Agreement with the Agency with respect to the Cities’ contribution of the Tax Increment generated for the benefit of the Project Area. The Parties shall also use reasonable efforts to support the Agency in securing the participation of other taxing entities. 6.4. Developer may elect to petition the Cities to create one or more Public Infrastructure Districts (“PID”) pursuant to Utah Code § 17D-4-101 et seq. for the Property in addition to or in place of the Project Area as an option to implement and facilitate the financing, construction, and operation of some or all of the Public Infrastructure for the Project. The City shall process Developer’s petition to create the PID in accordance with City’s applicable PID policy. 6.5. Developer may pursue and the Cities may, in accordance with applicable City policy, assist Developer in pursuing any other public financing options available or similar to those identified in this Section that exist or may exist in the future. 6.6. Cities agree that as part of the PID infrastructure financing under this section, no ▇▇▇▇▇ or tax levies shall be placed on the Property or the Project without the express written consent of the Developer. The Parties agree to cooperate and coordinate on any PID matters. 6.7. Developer s...
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Infrastructure Financing. If Property Owner undertakes public infrastructure financing, such as ▇▇▇▇▇-▇▇▇▇ or community facilities districts, the City will cooperate fully in such endeavors and will process any related applications as expeditiously as possible.
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Infrastructure Financing. The parties hereto shall cooperate in considering, and if necessary to finance development of the Project, establishing a financing district in accordance with the ▇▇▇▇▇-▇▇▇▇ Community Financing Act of 1982, or equivalent financing provisions authorized by law, for financing the Developer’s obligations to construct public infrastructure improvements in conjunction with the Project.
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Infrastructure Financing. On July 14, 2008, the Town adopted a revised Policy Statement relating to Municipal Improvement Districts (the “MID Policy Statement”) to finance certain in infrastructure improvements, such as the Kanawha Farms Infrastructure Improvements, within the Town limits. The current version of the MID Policy Statement shall be applicable to the development of the Property during the Term. It is the Town’s intention as of the Agreement Date to make available Municipal Improvement District (“MID”) financing to the Developer pursuant to South Carolina law and consistent with the MID Policy Statement to finance, to the extent legally permissible, costs of the project’s infrastructure improvements and certain off-site infrastructure improvements. In that regard, the Town shall give good faith consideration to the Developer’s request that the Town utilize MID financing to pay costs of the project’s infrastructure improvements and costs of infrastructure improvements situated outside of the Property (including roads and water and sewer transmission facilities and treatment facilities and pump stations for water and sewer capacity as permitted by law). Such good faith consideration is dependent, however, upon the satisfaction of applicable portions of the MID Policy Statement, as well as other applicable statutory requirements, being met, upon the Town incurring no general obligation for the bonds to be issued to implement the improvement plan(s) for the MID(s) and upon the Developer paying (or reimbursing) all direct expenses incurred by the Town in connection with any MID(s) requested by the Developer (e.g. , engineering studies and costs, attorneys’ fees, MID administrative costs, etc.). Further, until sufficient details are provided by the Developer to the Town to allow the Town to adequately analyze the appropriateness of using MID financing bonds to fund particular portions or components of the project’s infrastructure improvements and/or infrastructure improvements situated outside of the Property, the Town is not in a position to approve such use of MID financing bonds, and nothing in this Agreement shall be deemed or construed as a commitment or pre-approval by the Town to so approve such use of MID financing bonds, such financing being in the sole discretion of the Town at the time application for such financing is made by the Developer.
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Infrastructure Financing. Subject to Developer’s compliance with all applicable laws, including, but not limited to, any required vote of affected property owners, and further subject to reimbursement of its costs by Developer, the City shall cooperate with the Developer in the establishment of a Community Facilities District, Municipal Services District or a similar financing mechanism should Developer, in its sole discretion, choose to establish such a district.
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Infrastructure Financing. In recognition of the extraordinary public infrastructure costs associated with development of the Project, including, without limitation, the Public Improvements, the Town and JAC have agreed to the establishment of certain mechanisms between the public and private sectors to accomplish the financing of the infrastructure contemplated by the Annexation Agreement. Such mechanisms as set forth in the Service Plan are hereby incorporated by reference. Commented [MR1]: ▇▇▇▇ asked whether the change regarding impervious surfaces was required by the Town. This comment appeared in Section 7 of the Town's redlined Development Guide Agreement: "Please add somewhere in here that impervious pavers are discouraged and shall not count toward any open space requirement when used." See the revisions I have made to address your comments. Let me know if you were thinking something else.
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Infrastructure Financing 
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Related to Infrastructure Financing

  • Infrastructure Modification of the location and/or sizing of the infrastructure for the Project that does not materially change the functionality of the infrastructure.

  • Financing Services The Manager shall: (i) identify and evaluate potential financing and refinancing sources, engaging a third party broker if necessary; (ii) negotiate terms of, arrange and execute financing agreements; (iii) manage relationships between the Company and its lenders, if any; and (iv) monitor and oversee the service of the Company’s debt facilities and other financings, if any.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Acquisition Services (i) Serve as the Company’s investment and financial advisor and provide relevant market research and economic and statistical data in connection with the Company’s assets and investment objectives and policies; (ii) Subject to Section 4 hereof and the investment objectives and policies of the Company: (a) locate, analyze and select potential investments; (b) structure and negotiate the terms and conditions of transactions pursuant to which investments in Properties, Loans and other Permitted Investments will be made; (c) acquire, originate and dispose of Properties, Loans and other Permitted Investments on behalf of the Company; (d) arrange for financing and refinancing and make other changes in the asset or capital structure of investments in Properties, Loans and other Permitted Investments; and (e) enter into leases, service contracts and other agreements for Properties, Loans and other Permitted Investments; (iii) Perform due diligence on prospective investments and create due diligence reports summarizing the results of such work; (iv) Prepare reports regarding prospective investments that include recommendations and supporting documentation necessary for the Directors to evaluate the proposed investments; (v) Obtain reports (which may be prepared by the Advisor or its Affiliates), where appropriate, concerning the value of contemplated investments of the Company; (vi) Deliver to or maintain on behalf of the Company copies of all appraisals obtained in connection with the Company’s investments; and (vii) Negotiate and execute approved investments and other transactions, including prepayments, maturities, workouts and other settlements of Loans and other Permitted Investments.

  • Data Acquisition The acquisition of data to realistically simulate the electrical behavior of system components is a fundamental requirement for the development of a reliable interconnected transmission system. Therefore, the TSP and the Generator shall be required to submit specific information regarding the electrical characteristics of their respective facilities to each other as described below in accordance with ERCOT Requirements.