Project Area definition
Examples of Project Area in a sentence
At the time of the Closing, there shall not have been any material adverse change in the financial condition of the Agency or any material adverse change in the valuation of taxable property in the Project Area (as described in the Official Statement) since June 30, 2010.
Between the date of this Purchase Contract and the date of Closing, the Agency will not, without the prior written consent of the Underwriter, and except as disclosed in the Official Statement, offer or issue any bonds, notes or other obligations for borrowed money, or incur any material liabilities, direct or contingent, secured by tax increment generated in the Project Area.
As of the time of acceptance hereof and as of the date of the Closing, except as otherwise disclosed in the Official Statement, the Agency has complied with all material provisions of the Law, including, without limitation, use of the Tax Revenues and the filing requirements of Sections 33080, 33080.6 and 33334.6 of the Law as applicable to the Agency and the Project Area.
Except as disclosed in the Official Statement, the Agency has not entered into any tax sharing agreements with regards to tax increment generated within the Project Area, and the Agency is not subject to any resolution of taxing entities adopted pursuant to former Section 33676 of the Law pursuant to which Tax Revenues attributable to growth in assessed value as a result of lawful inflationary adjustments are captured by such taxing entity.
The Contractor shall ensure that prior to moving on to the Project Area, all equipment, is free of soil, seeds, vegetative matter, or other debris that could contain or hold seeds.