Excess TIF. Any excess TIF Tax Revenues resulting from the Tax Increment Provision on the Redeveloper Property not needed or required to pay the TIF Bond Purchaser for the TIF Indebtedness shall be expended by the City on city public improvements in the Project Area or returned to the applicable taxing authorities as provided in the Community Development Law.
Appears in 5 contracts
Samples: Redevelopment Agreement, Façade Easement Agreement, Redevelopment Agreement
Excess TIF. Any excess TIF Tax Revenues resulting from the Tax Increment Provision on the Redeveloper Property not needed or required to pay the TIF Bond Purchaser for the TIF Indebtedness shall be expended by the City on city public improvements in the Project Area or returned to the applicable taxing authorities as provided in the Community Development Law.
Appears in 3 contracts
Samples: Redevelopment Agreement, Façade Agreement, Redevelopment Agreement
