Improvement district bonds definition

Improvement district bonds means bonds payable, both principal and interest, from the proceeds of ad valorem taxes or ad valorem assessments which may be levied within a fixed and defined portion or portions of the local agency, without limitation as to rate or amount, upon all property subject to taxation or assessment.
Sample 1Sample 2Sample 3
Improvement district bonds has the meaning ascribed to such term in the Recitals “Improvement District Law” has the meaning ascribed to such term in the Recitals.
Sample 1
Improvement district bonds means bonds payable, both
Sample 1

Examples of Improvement district bonds in a sentence

  • Notwithstanding the above, Owner, 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 shall be reimbursed for any qualifying funds previously expended by Owner in the construction of such public infrastructure improvements.

  • The Developer agrees to file a petition as contemplated by the Improvement District Law and to subject the Property to being assessed thereunder for the payment of debt service on the Improvement District Bonds for the construction, operation, repair and maintenance of the improvements owned by the Improvement District from time to time.

  • 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.

  • M at its Council Chamber in the City of Choteau, Montana, sell to the highest and best bidder, for cash, Improvement District Bonds of Sewer Improve­ ment District No. 29 o f the City of Choteau, in the amount of $21,000 00 for the purpose of constructing a sewer line in said Sewer Distr.ct The said bonds will bear date the last day of January, 1956.

  • Notwithstanding anything in the Development Agreement to the contrary, on and after the refunding of the Special Improvement District Bonds as described in Section 1 hereof, the City shall no longer be required to reimburse the Property Owners for the payment of the Assessments, including but not limited to any accumulated aggregate unreimbursed portion of the Assessments.

  • The City agrees to undertake the refunding of the Special Improvement District Bonds from the proceeds of tax increment revenue bonds payable from the District as a whole (and not just from the Project Tax Increment as set forth in the Development Agreement) as soon as practicable and in accordance with the terms and conditions set forth in Section 6 of the Development Agreement.

  • Upon the refunding of the Special Improvement District Bonds, the Assessments shall be permanently and unconditionally removed from the Property in the District.

Related to Improvement district bonds

  • Improvement district means a local district that operates under and is subject to the provisions of this chapter and Chapter 2a, Part 4, Improvement District Act, including an entity that was created and operated as a county improvement district under the law in effect before April 30, 2007.

  • District Property means all property owned by the District including, but not limited to, the Amenity Center, common areas, parking lots and ponds.

  • Development District means Municipal Development District No. 4 in the City, which is described in the corresponding Development Program.

  • District Engineer means the District Engineer of Sacramento Regional County Sanitation District, and Sacramento Area Sewer District, or his designee.

  • Aviation district means all areas within the boundaries of the

  • district municipality means a municipality that has municipal executive and legislative authority in an area that includes more than one municipality, and which is described in section 155 (1) of the Constitution as a category C municipality;

  • district heating or ‘district cooling’ means the distribution of thermal energy in the form of steam, hot water or chilled liquids, from a central source of production through a network to multiple buildings or sites, for the use of space or process heating or cooling;

  • Conservation district means the same as that term is defined in Section 17D-3-102.

  • Urban district means the territory contiguous to and including any street or highway which is built up with structures devoted to business, industry, or dwelling houses situated at intervals of less than one hundred feet for a distance of a quarter of a mile or more, and the character of such territory is indicated by official traffic control devices.

  • Redevelopment project means any work or undertaking

  • Tax Increment District or "district" means that area to which the tax increment finance plan pertains.

  • Historic district means an area, or group of areas not necessarily having contiguous boundaries, that contains 1 resource or a group of resources that are related by history, architecture, archaeology, engineering, or culture.

  • Redevelopment Commission means the Fishers Redevelopment Commission.

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not

  • Districts – shall mean the Lake Ashton Community Development District (“LA CDD”) and Lake Ashton II Community Development District (“LAII CDD”), each a political subdivision of the State of Florida, created pursuant to Chapter 190 of the Florida Statutes. Each individually may be referred to herein as a “District.”

  • 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.

  • Local district means a local government entity under Title 17B, Limited Purpose

  • Transportation district and "district" shall mean the

  • SDA district means an SDA district as defined in section 3 of P.L.2000, c.72 (C.18A:7G-3).

  • School district means a public school district.

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • District board means the board of directors of the district.

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

  • District superintendent means the superintendent of a district or the chief administrator of a public school academy.

  • District Council means a district council within the meaning of the Local Government Act (Northern Ireland) 1972 F11”;

  • Residential district means an area of a municipality where 75% or more of the area is zoned for residential housing.