Common use of FINANCING OF PUBLIC IMPROVEMENTS Clause in Contracts

FINANCING OF PUBLIC IMPROVEMENTS. Subject to the terms and conditions set forth in this Agreement, the Authority agrees that the Developer may elect to be reimbursed from the Pledged Revenues directly or may elect to be reimbursed from proceeds of the Bonds if issued by the District. If the Developer elects to be reimbursed directly from the Pledged Revenues, the Developer shall deliver written notice of that election to the Authority and the District and the Authority shall make disbursement to the Developer pursuant to provisions of Article 4 below. {00710706.DOCX v:1 } 6 } 9

FINANCING OF PUBLIC IMPROVEMENTS. Subject to the terms and conditions set forth in this Agreement, the Authority agrees that the Developer may elect to be reimbursed from the Pledged Revenues directly or may elect to be reimbursed from proceeds of the Bonds if issued by the District. If the Developer elects to be reimbursed directly from the Pledged Revenues, the Developer shall deliver written notice of that election to the Authority and the District and the Authority shall make disbursement to the Developer pursuant to provisions of Article 4 below. {00710706.DOCX v:1 } 6 } 9.