Millage definition

Millage or ‘millage rate’ means the levy, in mills, which is established by the governing authority for purposes of financing, in whole or in part, the levying jurisdiction's general fund expenses for the fiscal year.
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Millage or 'millage rate' means the levy, in mills, which is established by the
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Millage or “millage rate” means the levy, in mills, which is established by the governing authority for
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Examples of Millage in a sentence

  • The obligations of the City to make the payments provided for under Section 5.01 hereof, up to the Millage Cap, shall constitute a general obligation of the City and a pledge of the full faith and credit of the City to provide the funds required to fulfill such obligation.

  • The Inducement Agreement and Millage Rate Agreement are hereby terminated as of the date of this Fee Agreement.

  • Any provision hereof to the contrary notwithstanding, the City is not restricted in any way regarding millage that is not Economic Development Millage that is subject to the Millage Cap.

  • Required Investment: $24,000,000 Investment Period: 5 years Ordinance No./Date: Assessment Ratio: 6% Term (years): 30 Fixed Millage: Yes (356) Net Present Value (if yes, discount rate): N/A Clawback information: Failure to reach $24 million in non-exempt investment will terminate the Fee Agreement retroactively.

  • The FOUNDATION will include this requirement in any sub-agreement with any Named Beneficiary; however, the FOUNDATION is not liable for any non-compliance by such Named Beneficiary, except that upon notice by the COUNTY to the FOUNDATION of any non-compliance by a Named Beneficiary, the FOUNDATION shall not distribute any further Millage funds to such Named Beneficiary until such non-compliance is cured, and the FOUNDATION will hold all such funds in escrow until such non-compliance is cured.

  • Millage rate - the ad valorem tax rate set by the Lake Wales City Commission to partially fund the provision of municipal services during any fiscal year.

  • The COUNTY may terminate this MOA, and elect to exercise its discretion not to levy and collect this Millage, if there has been an un-remedied misuse of Millage funds by either the FOUNDATION or any Named Beneficiary, to the extent of the pro rata amount of Millage funds applicable to such entity responsible for such misuse.

  • Failure to timely provide the applicable financial audit or to receive an extension of time from the COUNTY within which to satisfy this requirement may result in withholding of further Millage fund disbursements, with respect to the applicable entity who has failed to satisfy this requirement.

  • Required Investment: $13,100,000 Investment Period: Five (5) years Ordinance No./Date: , 2019 Assessment Ratio: 6% Term (years): 30 years Fixed Millage: 334.4 Net Present Value (if yes, discount rate): n/a Clawback information: If the Contract Minimum Investment is not met by the end of the Investment Period, the FILOT is retroactively terminated and the Company shall pay the difference between what normal ad valorem taxes would have been minus any fee payments actually made during that period.

  • The FOUNDATION will perform and provide to the COUNTY an annual certified financial audit of the segregated Millage funds until such Millage funds are fully expended.

Related to Millage

  • Millage levied means the millage levied for area vocational-technical education pursuant to sections 681 to 690 of the revised school code, MCL 380.681 to 380.690, including a levy for debt service obligations incurred as the result of borrowing for capital outlay projects and in meeting capital projects fund requirements of area vocational-technical education.

  • flat means a separate and self-contained premises constructed or adapted for use for residential purposes and forming part of a building from some other part of which it is divided horizontally.

  • Hot Weather Alert means the notice provided by PJM to PJM Members, Transmission Owners, resource owners and operators, customers, and regulators to prepare personnel and facilities for extreme hot and/or humid weather conditions which may cause capacity requirements and/or unit unavailability to be substantially higher than forecast are expected to persist for an extended period.

  • Dietitian or “licensed dietitian” means a person who maintains a license granted by the Iowa board of dietetic examiners.

  • Young adult means a person aged 18 through 20 years.