Maximum Debt Mill Levy Imposition Term Sample Clauses

Maximum Debt Mill Levy Imposition Term. The District shall not impose a levy for repayment of any and all Debt (or use the proceeds of any mill levy for repayment of Debt) on any single property developed which exceeds forty (40) years after the year of the initial imposition of such mill levy unless a majority of the Board are residents of the District and have voted in favor of a refunding of a part or all of the Debt and such refunding will result in a net present value savings as set forth in Section 00-00-000, C.R.S.; et seq.
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Maximum Debt Mill Levy Imposition Term. The District shall not impose a mill levy for repayment of any and all Debt (or use the proceeds of any mill levy for repayment of Debt) on any single property developed which that exceeds forty (40) years after the year of the initial imposition of such mill levy that the initial District Debt is issued unless a majority of the Board are residents Residents of the District and have voted in favor of a refunding of a part or all of the Debt and such refunding will result in a net present value savings as set forth in Section 00-00-000, C.R.S.; et seq. [NOTE: THIS REQUIREMENT IS FOR RESIDENTIAL DISTRICTS. FOR A COMMERCIAL DISTRICT, THIS PARAGRAPH CAN BE CHANGED TO INDICATE THAT THERE SHALL BE NO MAXIMUM DEBT MILL LEVY IMPOSITION TERM.]
Sample 1
Maximum Debt Mill Levy Imposition Term. ‌ Each District shall have the authority to impose the ARI Mill Levy for the applicable term set forth in Sections II and VI. Other than the ARI Mill Levy, no District shall impose a levy for repayment of any and all Debt (or use the proceeds of any mill levy for repayment of Debt) on any single property developed for residential uses which exceeds forty
Sample 1

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