District Master Plan Fund definition

District Master Plan Fund means a fund established by the municipality into which Tax Increment Revenues are deposited upon receipt and before being distributed as authorized in the Financial Plan into the Development Sinking Fund Account and the Project Cost Account.
Sample 1Sample 2Sample 3

Examples of District Master Plan Fund in a sentence

  • 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.

  • 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.

  • 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.As of the date of the adoption of this TIF Master Plan, cost estimates are not known and it is not determined which projects from this list will be implemented.

  • 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 Fund

  • School district means a public school district.

  • Office of the Interconnection Control Center means the equipment, facilities and personnel used by the Office of the Interconnection to coordinate and direct the operation of the PJM Region and to administer the PJM Interchange Energy Market, including facilities and equipment used to communicate and coordinate with the Market Participants in connection with transactions in the PJM Interchange Energy Market or the operation of the PJM Region. On-Site Generators: