Common use of Tax Increment Clause in Contracts

Tax Increment. In order to complete the Minimum Improvements, the Developer agrees that certain improvements are needed to prepare the Development Property for completion and operation of the Minimum Improvements. Accordingly, and in consideration of the Developer’s obligations and performance under this Agreement, and in order to defray a portion of such costs, the City shall provide assistance to reimburse the Developer for a portion of the Site Improvement costs.

Tax Increment. In order to complete the Minimum Improvements, the Developer agrees that certain improvements are needed to prepare the Development Property for completion and operation of the Minimum Improvements. Accordingly, and in consideration of the Developer’s obligations and performance under this Agreement, and in order to defray a portion of such costs, the City shall provide assistance issue the TIF Note to reimburse the Developer for a portion of the Site Improvement costsCosts.