CID Projects definition
Examples of CID Projects in a sentence
Payments due to the City pursuant to the priority established in Section 3.6 for its Administrative Fee shall take priority over any costs associated with new CID Projects.
The CID Projects, or any portion thereof, which the Developer is or becomes obligated to the City to construct pursuant to any City Code provision or Ordinance, does not diminish the consideration to the District as recited in Section 2.1 and shall be a Reimbursable Project Cost that may be reimbursed in accordance with this Agreement.
The District shall impose the CID Sales Tax within the boundaries of the District to assist in the funding of the CID Projects.
In the event that the City constructs or causes to be constructed any portion of the CID Projects pursuant to any action on a bond or other form of surety that is provided to the City by the Developer pursuant to the City Code or an Ordinance, then the City shall be entitled to reimbursement from the District for such Reimbursable Project Costs or Operating Expenses that are not paid or reimbursed to the City under such bond or surety.
If the City reasonably determines that the CID Projects, or an applicable portion of any CID Projects, have been completed in accordance with all relevant codes, regulations, statutes and laws, and that the costs submitted for reimbursement are Reimbursable Project Costs, then the City shall approve the Certificate of Completion and Reimbursable Project Costs and the amounts stated therein for payment.
The District shall not undertake any additional CID Projects which are not reasonably described in Exhibit D to the Petition, and those agreed upon after obtaining the mutual consent and prior approval of the Developer and the City.
To the extent applicable, the Developer shall comply with all laws regarding the payment of prevailing wages to contractors or subcontractors of the Developer for the construction of the CID Projects.
Upon completion of the CID Projects (or any applicable portion of any CID Projects), or upon payment by the Developer of any Operating Costs, the Developer shall submit a Certificate of Completion and Reimbursable Project Costs using the form attached as Exhibit “C”: The Developer shall provide itemized invoices, receipts or other information to confirm that any such cost is so incurred and does so qualify.
If the CID Projects, or an applicable portion of any CID Project, are not complete, or any amount submitted for reimbursement are not Reimbursable Project Costs, then the City shall not approve the certificate and the amounts stated therein for payment and shall specify in writing within sixty (60) days after receiving Developer’s Certificate of Completion and Reimbursable Project Costs the reason(s) for withholding its approval.
The District shall not undertake any CID Projects other than those shown in Exhibit D to the Petition, except with the prior approval of the City Council.