Common use of Payment Trigger Clause in Contracts

Payment Trigger. The first year (“Year One”) of payment of Tax Increment from the County to the Agency shall be determined by the Agency but shall be no later than 2023. Each subsequent year, beginning with the first year after Year One, shall de defined in sequence as Year Two through Year Twenty. The Agency may trigger the collection of Tax Increment by timely delivering a letter or other written request to the Utah County Auditor’s office.

Payment Trigger. The first year (“Year One”) of payment of Tax Increment from the County to the Agency shall be determined by the Agency Agency, but shall be no later than 20232021. Each subsequent year, beginning with the first year after Year One, shall de be defined in sequence as Year Two through Year Twenty. The Agency may trigger the collection of Tax Increment by timely delivering a letter or other written request to the Utah County Auditor’s office.

Payment Trigger. The first year (“Year One”) of payment of Tax Increment from the County Fire District to the Agency shall be determined by the Agency but shall be no later than 2023. Each subsequent year, beginning with the first year after Year One, shall de defined in sequence as Year Two through Year Twenty. The Agency may trigger the collection of Tax Increment by timely delivering a letter or other written request to the Utah County Auditor’s office.

Payment Trigger. The first year (“Year One”) of payment of Tax Increment from the County City to the Agency shall be determined by the Agency but shall be no later than 2023. Each subsequent year, beginning with the first year after Year One, shall de defined in sequence as Year Two through Year Twenty. The Agency may trigger the collection of Tax Increment by timely delivering a letter or other written request to the Utah County Auditor’s office.