Common use of Redevelopment Project Area Clause in Contracts

Redevelopment Project Area. After all Developer Reimbursable Project Costs have been paid, but not later than twenty-three (23) years from the adoption of the Project Ordinance, the portions of this Agreement relating only to the TIF Act shall terminate and Developer shall not be entitled to receive any further disbursements from the Special Allocation Fund.

Appears in 2 contracts

Sources: Tax Increment Financing Redevelopment Agreement, Tax Increment Financing Redevelopment Agreement