District Master Plan definition

District Master Plan means a statement of means and objectives prepared by the municipality relating to a Tax Increment District designed to provide new employment opportunities, retain existing employment, provide housing opportunities, improve or broaden the tax base or construct or improve the physical facilities and structures through the development of industrial, commercial, residential, retail and mixed use, transit-oriented development, downtown development or any combination thereof, as described in section 4 of the TIF Act.
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District Master Plan means the District Master Plan for Storefronts on Madison Avenue in the Carnegie Hill (and Extension) Historic District and approved by the Commission as a Certificate of Appropriateness. A copy of the District Master Plan may be reviewed at the offices of the Commission by appointment.
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Examples of District Master Plan in a sentence

  • This District Master Plan is consistent with the City’s Tax Increment Financing (TIF) Policy, adopted September 4, 2018, including the provisions for a TIF that is joint with the Town of Groton; with the Town of Groton’s Tax Increment Policy, adopted March 6, 2018; and with all applicable Federal, State, and local laws and regulation.

  • It is further required that any such transfers are subject to approval by boththe City Council and the Town Council and each must vote to approve any transfer of funds from the District Master Plan Fund to either the City’s other TIF District Master Plan Accounts, if any, or the Town’s other TIF District Master Plan Accounts, if any.

  • No transfers of funds from the District Master Plan Fund may be made without the vote of both the City Council and the Town Council.Expenditures of TIF Revenues, other than for CEAs, will be included and approved as part of the City’s regular budget process and the Town’s regular budget process.

  • It is required that any such transfers are subject to approval by both the City Council and the Town Council and each must vote to approve any transfer of funds from the District Master Plan Fund to either the City’s General Fund or to the Town’s General Fund.

  • Financing Structure and Flow of FundsThe City and the Town each separately reserve the right to incur debt to facilitate, in part or in whole, any of the aforementioned projects within the District Master Plan.The District Master Plan requires establishment of a District Master Plan Fund.

  • The District Master Plan contained in this document outlines the City’s and the Town’s intended uses of TIF revenues and includes the administrative details of the District terms and how the District will be operated.

  • Over term of the City and Town of Groton Joint TIF District, the District Master Plan provides that the City and the Town shall capture the percentage of Increased Assessed Value of the real property located within the District as set forth in Table 3, above.

  • The City reserves the right to make transfers between District Master Plan accounts as required, provided that the transfers do not result in a balance in the District Master Plan Sinking Fund account that is insufficient to cover the annual obligations of that account.

  • Defined Terms The following terms used in this District Master Plan have meanings as defined in the TIF Act.

  • One hundred percent (100%) of the real property tax revenues from the Captured Assessed Value of this TIF District will be deposited in the District Master Plan Fund and will be allocated as shown in the graphic and described below.A District Master Plan Account will be created for each TIF District within the City, including for subsequent TIF Districts that are joint with the Town of Groton.

Related to District Master Plan

  • District Engineer means the District Engineer of Sacramento Regional County Sanitation District, and Sacramento Area Sewer District, or his designee.

  • District Office – means the office of the District as established by the Board.

  • Health district means a city or general health district created by or under the authority of Chapter 3709. of the Revised Code.