Examples of Bond Proceeds in a sentence
Performance and labor and material bonds for specific Improvements shall not be required or may be released if: (1) such Improvements constitute a portion of the required subdivision improvements, (2) Bond proceeds equal to 125% of the estimated cost to construct or acquire such Improvements are available and set aside for such purpose, and (3) the Improvements are to be constructed or acquired entirely with the proceeds of the Bonds.
The Agreement between the Agency and the YMCA Peninsula Branch provided $575,000 to the YMCA Peninsula Branch from Series 2000 North Bay Tax Allocation Bond proceeds for the construction of a multi-use gymnasium at the Peninsula Branch location.
Property Owner and Perris agree that payment of the CFD No. 91-1 Prepayments to Perris with respect to any 91-1 Lot within the Improvement Areas, whether with CFD Bond proceeds or otherwise, shall constitute full mitigation of the obligations due Perris in connection with the issuance of a Certificate of Compliance with respect to such 91-1 Lot.
FISCAL CONSIDERATIONS: When the Redevelopment Agency executed the Site Improvement Assistance Agreement in 2002, $575,000 in Series 2000 North Bay Tax Allocation Bond proceeds were encumbered for this project.
The City and the Owner acknowledge and agree that the Purchase Prices of all Improvements may exceed the aggregate amount of the Bond proceeds and Surplus Special Taxes which will be available for the payment of the Purchase Prices.