PID Costs definition

PID Costs means the actual or budgeted costs, as applicable, of all or any portion of the Authorized Improvements that provide a special benefit to the Assessed Property and are allocated to the PID, as described in the Service and Assessment Plan, including, Principal, Interest and Annual Collection Costs.
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Examples of PID Costs in a sentence

  • If the City’s costs and expenses are not fully paid prior to the Issue Date of the PID Bonds, the City shall submit to the Developer invoices and other supporting documentation evidencing the Initial City PID Costs and the Developer agrees that such costs and fees, as applicable, will be paid at the closing of the applicable PID Bonds to the City or on behalf of the City from proceeds of the PID Bonds.

  • In addition to any Initial City PID Costs paid by the Developer pursuant to the preceding sentences, all fees of legal counsel related to the issuance of the applicable PID Bonds (including Developer’s attorney fees and financial consultants fees), including fees for the preparation of customary bond documents and the obtaining of Attorney General approval for the PID Bonds, will be paid at closing from the proceeds of the PID Bonds.

  • Owner shall not be relieved of its duty to construct or cause to be constructed such Authorized Improvements even if there are insufficient funds in the PID Project Fund to pay the PID Costs.