Common use of General Provisions With Respect to Financing Improvements Clause in Contracts

General Provisions With Respect to Financing Improvements. Developer shall have the right to request City to utilize, in connection with any exactions or other on- or off-site improvement with respect to the Project, any public financing method then available under applicable City or State regulations or laws applicable to such improvement. In connection with any such request, City shall consider, among other things, the utilization of the requested financing method taking into account the requirements of applicable City or State regulations and/or laws, and the benefit to be derived with respect to the development of the Project of such public financing methods as they relate to the reduction in cost of development of the Project and the enhancement thereof to achieve the intent of the Parties hereunder. If, after such good faith consideration, City agrees to utilize such financing method, City shall take such actions as may be necessary or appropriate in order so to do, and Developer shall cooperate therewith. The financing methods contemplated hereunder shall include, without limitation, formation of assessment benefit, maintenance or other districts, issuance of revenue bonds, applications for grants, and other similar methods which may be available from time to time or at any time, during the term of this Agreement. Developer shall reimburse City for all costs and expenses 3.6.1(a) (including without limitation consultants, City staff and/or City Attorney or outside counsel time) incurred for any such Developer request for public financing methods under this Section 4.1.2. City agrees to reasonably cooperate with Developer in the formation of any assessment districts (including without limitation ▇▇▇▇▇ ▇▇▇▇ Districts and landscaping and lighting districts, a Community Benefit District, or other kind of community facilities districts (any of which shall be referred to as a “Financing Mechanism”).

General Provisions With Respect to Financing Improvements. Developer shall have the right to request City to utilize, in connection with any exactions or other on- or off-site improvement with respect to the Project, any public financing method then available under applicable City or State regulations or laws applicable to such improvement. In connection with any such request, City shall consider, among other things, the utilization of the requested financing method taking into account the requirements of applicable City or State regulations and/or laws, and the benefit to be derived with respect to the development of the the‌ Project of such public financing methods as they relate to the reduction in cost of development of the Project and the enhancement thereof to achieve the intent of the Parties hereunder. If, after such good faith consideration, City agrees to utilize such financing method, City shall take such actions as may be necessary or appropriate in order so to do, and Developer shall cooperate therewith. The financing methods contemplated hereunder shall include, without limitation, formation of assessment benefit, maintenance or other districts, issuance of revenue bonds, applications for grants, and other similar methods which may be available from time to time or at any time, during the term of this Agreement. Developer shall reimburse City for all costs and expenses 3.6.1(a) (including without limitation consultants, City staff and/or City Attorney or outside counsel time) incurred for any such Developer request for public financing methods under this Section 4.1.2. City agrees to reasonably cooperate with Developer in the formation of any assessment districts (including without limitation ▇▇▇▇▇ ▇▇▇▇ Districts and landscaping and lighting districts, a Community Benefit District, or other kind of community facilities districts (any of which shall be referred to as a “Financing Mechanism”). [Note: Developer's request to modify this term is discussed in staff report. The Developer has requested alternative wording for this provision, which appears at the end of this document.]