PID Financing Agreement definition

PID Financing Agreement or “PFA” means a PID Financing Agreement to be entered into between City and Owner to provide for the assessment, levying and collection of Special Assessments on the Property, the construction and maintenance of the Authorized Improvements, the issuance of the PID Bonds and other matters related thereto.
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PID Financing Agreement means the Crystal Springs Public Improvement District Financing Agreement by and between the City and Owner dated September 7, 2017, including subsequent amendments.
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PID Financing Agreement is defined in the recitals.
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Examples of PID Financing Agreement in a sentence

  • P3Works will review all developer payment requests to ensure the request complies with the PID Financing Agreement, the District service and assessment plan, and any other relevant provisions contained in the District documents.

  • Until the PID Financing Agreement for the District Property is in effect, Owner may not assign this Reimbursement Agreement under this Section 17(a).

  • Payment forms and procedures will be contained in the PID Financing Agreement (herein so called).

  • The Owner may submit to the City a written request for payment in the form and manner provided for in the PID Financing Agreement (a “Payment Request”) of any funds then available in the reimbursement fund created by an Indenture following February 1st of each year.

  • If any of the following defined terms are given a different definition in the PID Financing Agreement and/or the Indenture, then that definition shall govern in the event of a conflict.

  • The Owner may submit to the City a written request for payment in the form and manner provided for in the PID Financing Agreement (a “Payment Request”) of any funds then available in the Operating Account or, after the issuance of PID Bonds, the Project Fund created by the Indenture, following February 1st of each year.

  • Unless otherwise defined, any capitalized terms used herein shall have the meanings ascribed to them in the PID Financing Agreement between the Developer and the City (the "Financing Agreement").

  • Prior to the execution of an Indenture, the City shall pay the Improvements Cost pursuant to executed and approved Certifications for Payment in the manner provided for in the PID Financing Agreement from the respective Operating Account.

  • Subject to the terms, conditions, and requirements contained herein, the City agrees to reimburse the Owner, and the Owner shall be entitled to receive from the City in an amount not to exceed [$9,800,000] for the Improvement Area #4 Improvements Cost (the “Improvement Area #4 Reimbursement Obligation”) in accordance with the terms of this Reimbursement Agreement, and subject to any further limitations as may be contained in the PID Financing Agreement, until [December 31, 2053] (the “Maturity Date”).

  • The Instruction Letter shall provide that the Escrow Deposit shall be transferred from the applicable Project Fund (as defined in the PID Financing Agreement) directly to the Escrow Agent for deposit to the applicable Escrow Account, as outlined in Section 4.6(2) below.