PID Bonds definition

PID Bonds means special assessment revenue bonds, in one or more series, issued by the City pursuant to the PID Act for the payment of the Authorized Improvements Costs and Administrative Expenses.

PID Bonds means any bonds issued by the City in one or more series and secured in whole or in part by Assessments.

PID Bonds means assessment revenue bonds, in one or more series, issued by the City pursuant to the PID Act for the payment of Authorized Improvements Costs and Administrative Expenses; PID Bonds includes Refunding Bonds.

Examples of PID Bonds in a sentence

• Following the issuance of each series of PID Bonds, the Developer agrees not to take any action or actions to reduce the total amount of the Assessments levied in payment of such PID Bonds.

• Any required cash deposit shall be provided at closing of the applicable series of PID Bonds.

• The net proceeds from the sale of each series of PID Bonds (i.e., net of costs and expenses of issuance of each series of PID Bonds and amounts for debt service reserves and capitalized interest) will be used to reimburse the Public Improvement Project Costs.

• The determination of the amount of the Deficit shall be estimated prior to pricing of the PID Bonds and shall be finalized within five (5) days of pricing of the PID Bonds.

• This Agreement establishes provisions for the apportionment, levying, and collection of Assessments on the Property within the PID, the construction of the Public Improvements, reimbursement, acquisition, ownership and maintenance of the Public Improvements, and the issuance of PID Bonds for the financing of the Public Improvements benefitting the property within the PID.

More Definitions of PID Bonds

PID Bonds means the bonds issued pursuant to the provisions of the Act in one or more series to fund PID Project Costs or to reimburse Developer for PID Project Costs.

PID Bonds means any bonds issued by the City, in one or more series, secured in whole or in part by an assessment levied against a parcel within the District and imposed pursuant to an assessment ordinance and the provisions in the Service and Assessment Plan, including the Bonds, any Refunding Bonds, the Improvement Area #1 Bonds, any additional bonds issued pursuant to the indenture of trust authorizing the issuance of the Improvement Area #1 Bonds and any Future Improvement Area Bonds, if any.

PID Bonds means any bonds secured by Special Assessments levied against Assessed Property within the PID that may be issued to finance Authorized Improvements, including the Major Improvement Bonds and the Improvement Area Improvement Bonds, if any.

PID Bonds means the Bonds and any other bonds issued by the City and secured by Assessments levied on Assessed Properties within the District.

PID Bonds means one or more series of bonds issued by the City to finance the Authorized Improvements and secured in whole or in part by Assessments, including Annual Installments thereof.

PID Bonds means any bonds secured by Special Assessments levied against Assessed Property within the PID that may be issued to finance Public Improvements.

PID Bonds means the bonds authorized by the City to be issued, in one or more series, in accordance with the PFA (hereinafter defined).