Common use of TIF Clause in Contracts

TIF. The City approved the creation of the TIF District through the adoption of the TIF Ordinance. The TIF Ordinance approved certain improvements within the TIF District to be financed (i) from the proceeds of special obligation bonds of the City or (ii) with pay-as-you-go financing payable from tax increment funds generated by the TIF District. The City will facilitate TIF financing for the Developer Project pursuant to the terms of Section 5.04 and Article VII of this Agreement.

TIF. The City approved the creation of the TIF District through the adoption of the TIF Ordinance. The TIF Ordinance approved certain improvements within the TIF District to be financed (i) from the proceeds of special obligation bonds of the City or (ii) with pay-as-you-go financing payable from tax increment funds Tax Increment Funds generated by the TIF District. The City will facilitate TIF financing for the Developer Project pursuant to the terms of Section 5.04 and Article VII 6.02 of this Agreement.