District Revenues definition

District Revenues means, subject to Section 3.12(f), any and all revenues generated by the District Sales Taxes that are appropriated by the District and deposited into the District Revenues Account, less District Expenses.

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District Revenues means, subject to Section 3.12(e), any and all revenues generated by the District Sales Tax, District Special Assessments and District Hotel Assessments that are appropriated by the District and deposited into the District Revenues Account.

District Revenues means, to the extent appropriated by the District pursuant to the District Project Agreement, any and all revenues generated by the District Sales Tax not otherwise deposited into the EATS Account of the Special Allocation Fund pursuant to the Act, less District Expenses and less 50% of the District Sales Tax revenues generated from outside the Redevelopment Area (i.e., pursuant to Section 3.12(d) of the Redevelopment Agreement and Section 8 of the District Project Agreement, District Revenues do not include 50% of the District Sales Tax revenues generated from the Price Crossing shopping center outside of the Redevelopment Area).

Examples of District Revenues in a sentence

If Special Tax Revenues are not immediately available for reimbursement, the City shall cause the payment of Special District Revenues to the District in installment payments until such amounts are reimbursed in full.
If the applicable ordinance or indenture does not provide for the distribution of District Expenses to the District, the District may withhold District Expenses from the transfer of District Revenues to the City or the Trustee.
The Developer shall cause the District, subject to annual appropriation by its board of directors and in accordance with the District Project Agreement, to transfer all District Revenues to the City or to a Trustee for any TIF Obligations for deposit in the District Revenues Account of the Special Allocation Fund or with the Trustee.
Consistent with the foregoing, moneys in the Rate Stabilization Fund may be used by the District (i) for the payment of Finance Costs on District Debt to the extent that District Charges and any Other District Revenues allocated for the purposes specified in Section 8.2.3 are insufficient for such purpose, (ii) for such other purposes related to District Debt as the District determines appropriate, and (iii) the acquisition, construction or replacement of Capital Facilities provided for in the CFP.
The City and the Developer agree that Available Revenues may, if recommended by Bond Counsel, be bifurcated so that portions of the Available Revenues are used to pay separate series of TIF Obligations (for example, Bond Counsel may recommend a series of TIF Obligations payable only from District Revenues).
If the District agrees in the District Project Agreement to appropriate District Revenues to the repayment of the TIF Notes, the City shall, promptly upon receipt thereof, deposit all District Revenues received from the District (if any) in the District Revenues Account.
If the balance of such operating fund ever exceeds 200% of the budgeted operating expenses of the District, then the District will, subject to annual appropriation, transfer money from its operating fund, in the amount necessary to reduce the balance of the operating fund to no more than 200% of budgeted expenses, to the District Revenues Account for application as provided in Section 5.2 of the Redevelopment Agreement.
Notwithstanding any other term or provision of this Agreement, Reimbursable Redevelopment Project Costs are payable only from the ▇▇▇▇▇▇ Special Allocation Fund, the ▇▇▇▇▇▇ South Special Allocation Fund and the District Revenues Account, as provided herein, and from no other source.
In addition, unless the District elects to issue Separate District Obligations, the District shall, subject to annual appropriation, transfer all other District Revenues (i.e., the portion of District Sales Tax revenues not required to be deposited into the Special Allocation Fund by operation of the TIF Act) to the City (or, at the direction of the City, the Trustee) for deposit into the District Revenues Account of the Special Allocation Fund for application as described in the Redevelopment Agreement.
If the District has no District Revenues to transfer to the Trustee pursuant to the preceding sentence, the District shall so notify the Trustee in writing on or before the date on which such transfer would otherwise be required.

More Definitions of District Revenues

District Revenues means any and all revenues generated by the District Sales Tax that are not captured pursuant to the TIF Act, but rather are appropriated by the District to the repayment of TIF Obligations or Separate District Obligations.

District Revenues means the proceeds of the District Sales Tax and the Special Assessment on deposit in the Revenue Fund under this Agreement. District Revenues sh�ll not include (a) the amount retained by the Missouri Department of Revenue for the cost of collecting such tax, (b) any amount paid under protest until the protest is . withdrawn or resolved against the taxpayer, and (c) any sum received by the District which is the subject of a suit or other claim communicated to the District which suit or claim challenges the collection of such sum.

District Revenues means the money actually collected, pursuant to this Agreement and the CID Act, from the imposition of the District Assessment. District Revenues shall not include (a) the amount, if any, retained by the St. Louis County Collector of Revenue for the cost of collecting the District Assessment, (b) any amount paid under protest until the protest is withdrawn or resolved against the taxpayer, or (c) any sum received by the District that is the subject of a suit or other claim communicated to the District, which suit or claim challenges the collection of such sum, until such suit or other claim is withdrawn or resolved against the taxpayer.

District Revenues means any and all revenues generated by the District Sales Taxes that are appropriated by the District and deposited into the District Revenues Account, less District Expenses. By purchasing this Note, the Owner hereby agrees that, unless the Developer or an occupant of the Property provides utility tax documentation to the City, the Owner hereby waives any claim to utility tax revenues and agrees to bring no suit, claim or other action against the City seeking the deposit of utility tax revenues into the Special Allocation Fund. Any utility tax revenues generated from the Redevelopment Area for which the Developer or an occupant of the Property does not provide documentation to the City will be declared as surplus by the City pursuant to the TIF Act. The TIF Notes shall not constitute debts or liabilities of the City, the District, the State of Missouri or any political subdivision thereof within the meaning of any constitutional, statutory or charter debt limitation or restriction. Neither the City, the District, the TIF Commission, the commissioners of said TIF Commission, the officers and employees of the City, the officers and employees of the District nor any person executing the TIF Notes shall be personally liable for such obligations by reason of the issuance thereof. Net Proceeds shall be applied to the payment of the TIF Notes in the manner prescribed in the Indenture. The City agrees to direct the officer of the City charged with the responsibility of formulating budget proposals to include in the budget proposal submitted to the City Council for each fiscal year that Notes are outstanding a request for an appropriation of all moneys on deposit in the EATS Account and the District Revenues Account of the Special Allocation Fund for application in the manner described above.

District Revenues means the monies actually collected, pursuant to this Agreement and the CID Act, from the imposition of the District Assessments and District Sales Tax.