353 Area PILOTs definition
353 Area PILOTs means those PILOTs attributable to the increase in the current equalized assessed valuation of each taxable lot, block, tract, or parcel of real property within the 353 Area over and above the certified total initial equalized assessed value (as that term is used and described in Sections 99.845.1 and 99.855 of the Act) of each such unit of property in the 353 Area.