Common use of Financing Amount Clause in Contracts

Financing Amount. The Owner intends to request the issuance of the PID Bonds subject to the condition that the maximum cost of Authorized Improvements to be funded plus issuance and other financing costs shall not exceed $41,000,000. The amount may increase up to $60,000,000 with City Council approval due to cost increases in the Authorized Improvements.

Financing Amount. The Owner intends to request the issuance of the PID Bonds Bonds, subject to the condition that the maximum cost of Authorized Improvements to be funded plus issuance and other financing costs shall not exceed $41,000,000. The amount may increase up to $60,000,000 with City Council approval due to cost increases in the Authorized Improvements11,800,000.