Common use of Payment Amounts Clause in Contracts

Payment Amounts. Each Payment shall be in an amount equal to the corresponding Appropriated Amount (for example, for the Payment due on June 1, 2027, the amount of such Payment would be determined by the Appropriated Amount determined for certification by December 1, 2025), provided, however, that each Payment shall not exceed the Annual Percentage of Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” payments from the State of Iowa for property tax credits or roll-back) received by the City from the Delaware County Treasurer attributable to the taxable valuation of the Property.

Appears in 1 contract

Sources: Development Agreement

Payment Amounts. Each Payment shall be in an amount equal to the corresponding Appropriated Amount (for example, for the Payment due on June 1, 20272029, the amount of such Payment would be determined by the Appropriated Amount determined for certification by December 1, 20252027), provided, however, that each Payment shall not exceed the Annual Percentage amount of Remaining Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” payments from the State of Iowa for property tax credits or roll-back) received by the City from the Delaware Buchanan County Treasurer attributable to the taxable valuation of the PropertyProperty and factored by the applicable Payment Allocation Percentage.

Appears in 1 contract

Sources: Development Agreement

Payment Amounts. Each Payment shall be in an amount equal to the corresponding Appropriated Amount (for example, for the Payment due on June 1, 20272029, the amount of such Payment would be determined by the Appropriated Amount determined for certification by December 1, 20252027), provided, however, that each Payment shall not exceed the Annual Percentage of Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” payments from the State of Iowa for property tax credits or roll-back) received by the City from the Delaware County Treasurer attributable to the taxable valuation of the Property.

Appears in 1 contract

Sources: Development Agreement

Payment Amounts. Each Payment shall be in an amount equal to the corresponding Appropriated Amount (for example, for the Payment due on June 1, 2027, the amount of such Payment would be determined by the Appropriated Amount determined for certification by December 1, 2025), provided, however, that each Payment shall not exceed the Annual Percentage amount of Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-make- up” payments from the State of Iowa for property tax credits or roll-back) received by the City from the Delaware Dubuque County Treasurer attributable to the taxable valuation of the Property.

Appears in 1 contract

Sources: Development Agreement

Payment Amounts. Each Payment shall be in an amount equal to the corresponding Appropriated Amount (for example, for the Payment due on June 1, 2027, the amount of such Payment would be determined by the Appropriated Amount determined for certification by December 1, 2025), provided, however, that each Payment shall not exceed the Annual Percentage of Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” payments from the State of Iowa for property tax credits or roll-back) received by the City from the Delaware Dubuque County Treasurer attributable to the taxable valuation of the Property.

Appears in 1 contract

Sources: Development Agreement