Available Tax Increment Revenues definition

Available Tax Increment Revenues means all of the Tax Increment Revenues, if any, received by LURA and calculated based off the Plan Area Base Value. Available Tax Increment Revenues do not include any offsets collected by the County Treasurer for return of overpayments or any reserve funds retained by LURA for such purposes in accordance with Sections 31-25-107(9)(a)(III) and (b) of the Act.
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Available Tax Increment Revenues. (a) Tax Increment Revenues on deposit in the Playland Park Urban Renewal Tax Increment Revenue Fund that are not otherwise promised or obligated, now or in the future, for the payment of any obligations of the City under Chapters 15A, 384, or 403; such uncommitted Available Tax Increment Revenues shall be deposited and held in the REPF Account by the City for payment of the Periodic Lease Payments and Shortfall Reimbursement Payments under the terms of this Lease Purchase Agreement; and (b) other funds held in connection with the Project, consisting solely and only of 50% of the net proceeds of the sale of the property (land only) comprising Block 1 in the River’s Edge Subdivision as depicted in Exhibit C and 35% of the net proceeds of the sale of property (land only) comprising Lot 2 of Block 3; Block 4; and Lots 2 and 3 of Block 5 in the River’s Edge Subdivision as depicted in Exhibit C, all within the Playland Park Urban Renewal Area; such proceeds shall be deposited in the REPF Account of the Playland Park Urban Renewal Tax Increment Revenue Fund for payment of the Periodic Lease Payments and Shortfall Reimbursement Payments under the terms of this Lease Purchase Agreement.
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Available Tax Increment Revenues means, commencing as of the Effective Date, 95% of the following revenues, if any, received by FURA as calculated in accordance with Exhibit D each year for the Duration from the annual property tax assessment levies of the following taxing entities in excess of the Property Base Value and in excess of the Firestone City Centre Properties Base Value, respectively: (a) 100% of the property tax increment revenues generated by the levy of the Town; (b) 50% of the property tax increment revenues generated by the levy of Weld County; and (c) 100% of the property tax increment revenues generated by the levy of St. Vrain Valley School District RE-1J (the “School District”), but excluding any revenue generated by any future School District mill levy override, offsets collected by the County Treasurer for return of overpayments, reserve funds retained by FURA for such purposes, and future bonded indebtedness levy in accordance with Sections 31-25-107(9)(a)(III) and (b) of the Act.
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Examples of Available Tax Increment Revenues in a sentence

  • The Pledged Revenues shall be calculated each year in accordance with the definitions of Available Tax Increment Revenues and Pledged Revenues set forth in Section 2.

  • Available Tax Increment Revenues and Pledged Revenues do not include the tax increment finance revenue shared by FURA with the various taxing entities as defined in the various Intergovernmental Agreements for Sharing of Tax Increment Financing Revenue related to the Plan, but the Parties agree that the revenues defined herein as Available Tax Increment Revenues are included in the definition of Pledged Revenues for all purposes in this Agreement.

  • FURA may retain any amounts not included in Available Tax Increment Revenues for any legal purpose.

  • Therefore, FURA will use the methodology approved in writing by the Developer prior to entering into this Agreement and attached hereto and incorporated herein as Exhibit D, for determining and allocating the Available Tax Increment Revenues pursuant to this Agreement.

  • FURA is only obligated to pay the Pledged Revenues in years that it receives Available Tax Increment Revenues.

  • For purposes of this Agreement, Available Tax Increment Revenues shall include only the amount available to the Member pursuant to the terms Council Meeting Date: 07/12/11 3-8and conditions of the VVEDA Joint Exercise of Powers Agreement.

  • The Parties do hereby agree that in such event, the Available Tax Increment Revenues granted hereunder shall, subject to the Member’s sole and absolute discretion and evidenced by its prior written consent, be considered subordinate to those additional obligations.

  • Notwithstanding the reimbursement process set forth in this Agreement, neither the Authority nor the City shall be responsible for reimbursing any Eligible Costs in excess of the Available Tax Increment Revenues.

  • Subject to Section 7 hereof, the Successor Agency hereby pledges the Available Tax Increment Revenues to the payment of the Refunding Bonds.

  • The Developer shall pay for the Eligible Costs with its own funds and receive reimbursement for the Eligible Costs from the Authority by Available Tax Increment Revenues.


More Definitions of Available Tax Increment Revenues

Available Tax Increment Revenues means 50% of the Tax Increment Revenues available to apply to repayment of the Bonds pursuant to the Credit Enhancement Agreement or the Bond Indenture.
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Available Tax Increment Revenues means: for each July 1-June 30 (“Agency Fiscal Year”) the total ad valorem tax revenues generated within the Site in an Agency Fiscal Year, which revenues are allocated to and actually received by Successor Agency for such Successor Agency Fiscal Year pursuant to Section 33670(b) of the California Health and Safety Code, minus the amount of such revenues set aside pursuant to sections 33334.2 and 33334.3 of said Redevelopment Law for low and moderate-income housing purposes, and minus such amounts as may be allocated or required to be paid to or for the benefit of the County of Riverside and any other taxing entities pursuant to an agreement entered into pursuant to former Health and Safety Code Section 33401. In the event Available Tax Increment Revenues decrease or are eliminated, then for purposes of this Agreement, the Available Tax Increment Revenues shall be deemed to mean the form of tax or revenue which the Successor Agency receives in total or partial replacement of such Available Tax Increment Revenues, including funds constituting Available Tax Increment Revenues under the Dissolution Law deposited from time to time in the Redevelopment Property Tax Fund established pursuant to Health and Safety Code Section 34170.5(a) of the Law and administered by the auditor controller of the County of Riverside, constituting part of the Dissolution Law.
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Related to Available Tax Increment Revenues

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Tax Increment means the difference between:

  • Property tax increment means the amount obtained by:

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

  • Recovered tax increment value means, except as otherwise

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Applicable Taxes means the Goods and Services Tax (GST), the Harmonized Sales Tax (HST), and any provincial tax, by law, payable by Canada such as, the Quebec Sales Tax (QST) as of April 1, 2013.

  • Applicable Tax Rate means the estimated highest aggregate marginal statutory U.S. federal, state and local income, franchise and branch profits tax rates (determined taking into account the deductibility of state and local income taxes for federal income tax purposes and the creditability or deductibility of foreign income taxes for federal income tax purposes) (“Tax Rate”) applicable to any Partner on income of the same character and source as the income allocated to such Partner pursuant to Sections 5.04(a) and (b) for such fiscal year, fiscal quarter or other period, as determined by the Tax Matters Partner in its discretion; provided that, in the case of a Partner that is a partnership, grantor trust or other pass-through entity under U.S. federal income tax law, the Tax Rate applicable to such Partner for purposes of determining the Applicable Tax Rate shall be the weighted average of the Tax Rates of such Partner’s members, grantor-owners or other beneficial owners (weighted in proportion to their relative economic interests in such Partner), as determined by the Tax Matters Partner in its discretion; provided, further, that if any such member, grantor-owner or other beneficial owner of such Partner is itself a partnership, grantor trust or other pass-through entity similar principles shall be applied by the Tax Matters Partner in its discretion to determine the Tax Rate of such member, grantor-owner or other beneficial owner.

  • Tax Increase means that portion of the annual real estate taxes assessed against the Premises (or the Entire Premise, if applicable), as calculated immediately following the Reassessment, that is attributable solely to the Reassessment. Accordingly, a Tax Increase shall not include any portion of the real estate taxes, as calculated immediately following the Reassessment, that is:

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Tax Increment District or "district" means that area to which the tax increment finance plan pertains.

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • Applicable Tax State means the State in which the Owner Trustee maintains its Corporate Trust Office, the State in which the Owner Trustee maintains its principal executive offices and the State of Michigan.

  • Tax increment financing acts means 1975 PA 197, MCL 125.1651 to 125.1681, the tax increment finance authority act, 1980 PA 450, MCL 125.1801 to 125.1830, the local development financing act, 1986 PA 281, MCL 125.2151 to 125.2174, the brownfield redevelopment financing act, 1996 PA 381, MCL 125.2651 to 125.2672, or the corridor improvement authority act, 2005 PA 280, MCL 125.2871 to 125.2899.

  • Applicable Tax Law means any foreign, federal, state or local tax law, statute, regulation, rule, code or ordinance enacted, adopted, issued or promulgated by any Governmental Body or common law that apply to any party hereto, this Agreement or the activities contemplated hereby, as applicable.

  • Available Revenues means all monies on deposit from time to time (including investment earnings thereon) in (a) the PILOTS Account; and (b) subject to annual appropriation, the EATS Account that have been appropriated to the repayment of TIF Notes, excluding (i) any amount paid under protest until the protest is withdrawn or resolved against the taxpayer or (ii) any sum received by the City which is the subject of a suit or other claim communicated to the City which suit or claim challenges the collection of such sum.

  • Tax Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Excess Cash Flow Payment Date means the earlier of (a) the date occurring 90 days after the last day of each fiscal year of the Borrower (commencing with the fiscal year of the Borrower ending December 31, 2018) and (b) the third Business Day following the date on which financial statements with respect to such period are delivered pursuant to Section 5.01(c).

  • Consolidated Tax Expense means, for any period, the tax expense of Borrower and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Quarterly Excess Available Funds Percentage means, with respect to the July 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Net earnings available for fixed charges means net income after deducting operating and maintenance expenses, taxes other than federal and state income taxes, depreciation, and depletion, but excluding extraordinary expenses appearing in the regular financial statements of the system.

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not