Municipal Improvement District Sample Clauses

Municipal Improvement District. Notwithstanding anything contained herein to the contrary, in the event that (1) the Owner, Developer, or a Secondary Developer and the City may jointly agree that the construction of public infrastructure required for the Development of the Property will be defrayed from the proceeds of Municipal Improvement District Bonds or from the receipts of assessments imposed upon the Property; (2) the City creates the Municipal Improvement District; (3) the City is able to issue Municipal Improvement District Bonds which are non-recourse to the City; and (4) suitable arrangements are made by the Owner or Developer with the City to guarantee completion of the construction of such public infrastructure, then the Owner or Developer shall notify the City prior to the sale of the first parcel within the Property, whereupon the City shall take such action as necessary to implement a Municipal Improvement District with respect to the Property and issue Municipal Improvement District Bonds to provide such amount as then current, definitive plans indicate to be necessary to complete such public infrastructure improvements, which monies shall be made available to design, permit and construct such public infrastructure improvements. Upon obtaining such funding (which may be in phases), the City shall cause the design, permitting and construction of such required public infrastructure improvements (or phased portions of the public infrastructure improvements, as may be the case). Nothing herein shall preclude the submission of a design/build proposal for such public infrastructure improvements by Owner or Developer which complies with the procurement requirements of the City. Notwithstanding the above, Owner or Developer, with the prior written approval of the City, may begin construction of such public infrastructure improvements prior to the creation of the Municipal Improvement District, and provided the Municipal Improvement District Bonds are issued, Owner or Developer shall be reimbursed for any qualifying funds previously expended by Owner or Developer in the construction of such public infrastructure improvements.
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Municipal Improvement District. In order to provide the City adequate assurance that the Developers, which will each benefit from the City Projects, will participate in defraying the cost of the City Projects at a level that the City finds satisfactory, the City has determined to create the MID, which will provide a mechanism to xxxx Assessments, as necessary, to defray the costs of the City Projects. The Developers acknowledge that the City has created a MID to overlay the Property, and hereby consent to the creation of the MID, the enrolling of the assessment roll, and the rate and method of apportionment, all as set out in the MID Documents. The MID Documents, authorizing the MID and Assessments, are available from the City Clerk.
Sample 1

Related to Municipal Improvement District

  • PUBLIC IMPROVEMENT DISTRICTS If the Property is in a public improvement district,

  • School Improvement The conditions which follow shall govern employee participation in any and all plans, programs, or projects included in the terms, site-based decision making, school improvement, effective schools as provided in Act 197, P.A. 1987 (Section 15.1919 (919b) MSA) or other similar plans:

  • School Improvement Plan As permitted under IC § 20-10.2-3-1.5, the Charter shall serve as the Charter School's strategic and continuous school improvement and achievement plan (hereafter, the "School Improvement Plan"). To the extent that IC § 20-10.2 applies to the Charter in its function as the School Improvement Plan, the Organizer shall comply with the requirements under IC § 20-10.2.

  • EDUCATIONAL IMPROVEMENT A leave of absence without pay of up to one (1) contract year may be granted to any employee, upon application, for the purpose of engaging in study at an accredited college or university reasonably related to professional responsibilities.

  • School Improvement Plans The School shall develop and implement a School Improvement Plan as required by section 1002.33(9)(n), Florida Statutes and applicable State Board of Education Rules or applicable federal law.

  • PROFESSIONAL IMPROVEMENT A. The parties’ support the principle of continuing training of teachers, participation by teachers in professional organizations in the areas of their specialization, leaves for work on advanced degrees or special studies, foreign travel and participation in community educational projects.

  • Capital Improvements The Department has identified the following possible opportunities for Capital Improvements:

  • Tenant Improvements Subject to the terms and conditions hereof, Landlord agrees, at its cost and expense to complete a “turnkey” interior build-out (“Tenant Improvements”) of the Leased Premises in accordance with the conditions stated in the Work Letter attached hereto as Exhibit C and incorporated hereby pursuant to the Approved Final Plans to be finalized and approved in accordance with the Work Letter and upon approval attached thereto. Any changes or modifications to the Approved Final Plans thereafter must be done in writing and signed by both Tenant and Landlord in accordance with the Work Letter. So long as in accordance with Article 19 of this Lease, Tenant agrees that Landlord shall be entitled to select, in its reasonable discretion and acting in good faith, all architects, engineers, contractors and material suppliers necessary to furnish the labor and materials for the construction of the Tenant Improvements. Landlord shall be the sole contracting party with respect to the employment of contractors which perform the work necessary to construct the Tenant Improvements. Tenant shall not be entitled to access to the Leased Premises prior to the Date of Substantial Completion and Tenant shall not interfere with or impair in any material way the construction of the Tenant Improvements, and any such interference or impairment shall be included within a Tenant Delay as defined in the Work Letter and shall entitle Landlord to all remedies provided herein for breach of this Lease. Prior to the Possession Date, Tenant shall not enter into any contract for construction of any improvements within the Leased Premises with any person other than Landlord without Landlord's prior written consent. Tenant, at Tenant's expense, shall obtain and maintain any and all necessary permits and licenses to enable Tenant to conduct Tenant’s Permitted Use, and the failure of Tenant to obtain or maintain same shall not in any manner affect the Tenant’s obligations hereunder. Landlord shall be solely responsible, at its cost and expense, for obtaining all permits and approvals related to the Tenant Improvements.

  • Real Estate Taxes and Special Assessments The 2022 calendar year real estate taxes due and payable in 2023 shall be paid by Seller. Seller shall credit Buyer(s) at closing for said 2022 real estate taxes payable in 2023 based on the most recent ascertainable tax figures. Xxxxx is responsible for all subsequent real estate taxes.

  • PROJECT 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

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