2001-07-09 Regular Meeting and Special Called Workshop Meeting

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.. • .~. "Developer" shall mean a person who is developing or redeveloping, or proposes to develop or redevelop, a TIRZ Project within the Zone and may include natural persons, private entities., public or private not-for-profit corporations, the City, a school district, Harris County, the State of Texas, any other governmental bodies, or any other kind of person. "DevelopmentAgreement" shall mean an agreement between the Authority and a Developer relating to the development, construction, remodeling, or rehabilitation of a TIRZ Project or a PID Project. "Financing Plan "shall mean the reinvestment zone financing plan for the Zone as amended from time to time pursuant to the TIRZ Act, as adopted by the Zone Board and approved by the City Council. "Interlocal Agreement" means the Interlocal Agreement between the City, the Zone and the County approved by with respect to the participation of the County in the Zone, as such may be amended from time to time. "PID "shall mean a Public Improvement District(s) established by the City within the Zone and for which the City and Zone contract with the Authority to provide the assistance described in this Agreement. "PID Assessments" shall mean the assessments levied by the City in connection with a PID Plan. "PID Bonds" shall mean the bonds of the Authority payable from a pledge of a PID Assessment Revenue Fund.. "PID Plan" shall mean the Service and Assessment Plan of a PID. "PID Project" shall mean any project for which PID Assessments can be used pursuant to a PID Plan. "PID Revenue Funan' shall mean the subaccount of the Revenue Fund into which the PID Assessments are deposited by the City. "Plans" shall mean the TIRZ Plan and a PID Plan approved by City. "Project Cost" shall mean those costs of public works and improvements and other costs for which payment can be made pursuant to the TIRZ Act that are identified in the TIRZ Plan. HowWre367966.2 3