Laserfiche WebLink
Within thirty (30) calendar days after each Certificate for Payment is approved by <br />the City or any payment is made to the Developer from the PID Reimbursement Fund or PID <br />Project Fund, the Parties agree to use best efforts in completing and executing a "Reimbursement <br />Agreement Balance Certificate" (substantially in the form of attached hereto as Exhibit , in order <br />to keep an accounting of the Reimbursement Agreement Balance for each Improvement Area. The <br />failure of the Parties to executed such certificate shall -not constitute a "Failure" or result in a <br />"Default" by ♦ Parties. <br />3.3.2 The obligation of the City to pay the Reimbursement Agreement Balance <br />for an Improvement Area is payable solely from the applicable account in the PID Reimbursement <br />Fund or from Bond Proceeds on deposit in the applicable PID Project Fund. No other City funds, <br />revenue, taxes income, or property shall be used even if the Reimbursement Agreement Balance <br />for an Improvement Area is not paid in fall by the Maturity Date. Payments from the PID <br />Reimbursement Fund shall be applied in accordance with this Agreement. Each payment from an <br />account in the PID Reimbursement Fund shall be accompanied by an accounting that certifies the <br />Reimbursement Agreement Balance for an Improvement Area as of the date of the payment and <br />Reimbursement Agreement <br />Forestbrook Public Improvement District No. I Page 7 <br />018581.000001\4908-9229-3155.v5 <br />