City Covenant. The City covenants to take all actions necessary to allocate to the Agency, to the extent legally permissible, all Net Available Increment and Housing Increment, based on the Agency’s Statement of Indebtedness.
Appears in 4 contracts
Sources: Tax Increment Allocation Pledge Agreement, Tax Increment Allocation Pledge Agreement, Tax Increment Allocation Pledge Agreement
City Covenant. The City covenants to take all actions necessary to allocate to the Agency, to the extent legally permissible, all Net Available Increment and Housing Increment, based on the Agency’s Statement of IndebtednessROPS.
Appears in 2 contracts
Sources: Disposition and Development Agreement (Five Point Holdings, LLC), Tax Increment Allocation Pledge Agreement
City Covenant. The City covenants to take all actions necessary to allocate to the Agency, to the extent legally permissible, all Net Available Increment and Housing Increment, based on the Agency’s Statement of IndebtednessIndebtednessROPS.
Appears in 2 contracts
Sources: Tax Increment Allocation Pledge Agreement, Tax Increment Allocation Pledge Agreement