Development Area SID definition

Development Area SID means the special improvement district to be created as described in Section 4.8 hereof.
View Source

Examples of Development Area SID in a sentence

  • Following receipt from the Developer of a petition signed by 100% of the owners of property to be included within the Development Area SID, the City will create the Development Area SID.

  • The boundaries of the Development Area SID will be coterminous with the Development Area (or may extend beyond the Development Area if determined appropriate by the Parties).

  • The City and the Developer will enter into an assessment agreement providing that the Developer and not the City will be responsible for paying as due special assessments against the City Conference Center Unit and the Parking Facility resulting from the creation of the Development Area SID and the sale and issuance of the Development Area ▇▇▇ ▇▇▇▇.

  • Though the documents relating to the creation of the Development Area SID and the sale and issuance of the Development Area ▇▇▇ ▇▇▇▇ are not Collateral Agreements, the Parties acknowledge that this is the manner in which the Parties expect to finance, in whole or in part, the Public Improvements and is an essential part of the development of the Fox Site.

  • The Parties agree to work cooperatively to create the Development Area SID, provide necessary assurances for the pledge by the City of its revolving fund to the repayment of the Development Area ▇▇▇ ▇▇▇▇ and provide for the Public Improvements in a timely manner to coordinate with the construction of the Project.

  • Business points requiring resolution with respect to the Development Area SID include whether the Developer will construct the Public Improvements and responsibility for payment of amounts to be assessed against Parking Facility and City Conference Center Unit.

  • Following receipt from the Developer of a petition signed by 100% of the owners of property to be included within the Development Area SID, or, if necessary, pursuant to the SID protest process, the City will seek to create the Development Area SID.

  • The boundaries of the Development Area SID will be coterminous with the Development Area.

  • This memorandum does not discuss a potential Development Area SID and the Development Area ▇▇▇ ▇▇▇▇ contemplated to be issued by the City to pay costs of the Public Improvements nor does it discuss the Parking Facility Management Agreement between the City and MPC because neither is a Collateral Agreement.

Related to Development Area SID

  • Development Area means that area to which a development plan is applicable.

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Development Project means a project for the development of land within a

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.