PILOTs Account definition

PILOTs Account means the Payments in Lieu of Taxes Account of the Special

PILOTs Account means an account of the Special Allocation Fund into which Payments in Lieu of Taxes are deposited pursuant to Section 99.845 of the TIF Act.

PILOTs Account means the PILOTS Account of the Special Allocation Fund. “Project Fund” means the fund by that name created in Section 4.1 of this Ordinance.

Examples of PILOTs Account in a sentence

• The creation and establishment in the treasury of the City of the following funds and accounts is hereby ratified: Chesterfield Valley Special Allocation Fund of the City of Chesterfield (the "Special Allocation Fund"), and within the Special Allocation Fund, a PILOTs Account and an Economic Activity Tax Account.

• So long as any of the TIF Notes remain outstanding, the Finance Director shall, on Payment Dates administer and allocate the moneys held in the PILOTs Account and, subject to annual appropriation by the City, the EconomicActivity Tax Account as follows: that(a) Fees and There shall first be paid to the City or its payees any fees andexpenses incurred by the City incidental to the Redevelopment Plan or the TIF Notes; amount shall not exceed the sum of $100,000 during any calendar�year.such (b) of TIF Notes.

• There is hereby created and ordered to be established in the treasury of the City the following separate funds and accounts: 4391 99 West Pine Boulevard Special Allocation Fund of the City of St. Louis (the "Special Allocation Fund"), and within the Special Allocation Fund, a PILOTs Account and an Economic Activity Tax Account.

• Orbital Reef supports closed-hatch operations to facilitate NASA exploration simulations of any duration in large volumes with four or more crew and can support co-orbiting systems, including human-scale artificial gravity experiments.

• Subject to the requirements of the TIF Act and, with respect to Economic Activity Taxes, subject to annual appropriation by the Board of Aldermen, the City will promptly upon receipt thereof deposit all Payments in Lieu of Taxes into the PILOTs Account and all Economic Activity Taxes into the EATs Account.‌6.2 Certification of Base for PILOTS and EATS.

More Definitions of PILOTs Account

PILOTs Account means the Payments in Lieu of Taxes Account of the Special Allocation Fund. “Project Fund” means the fund by that name created in Section 4.1 of this Ordinance.

PILOTs Account means the Payments in Lieu of Taxes Account of the Revenue Fund

PILOTs Account means the PILOTS Account of the Special Allocation Fund.

PILOTs Account means the RPA 2 PILOTs Account of the PILOTs Account of the

PILOTs Account means the PILOTS Account in the Special Allocation Fund described inSection 401 hereof.

PILOTs Account means the account within the Special Allocation Fund established by the City and the Finance Officer pursuant to Section 6.1 hereof, into which the City shall promptly deposit all PILOTS.

PILOTs Account means the account within the Special Allocation Fund established by the City and the Finance Officer pursuant to Section 6.1, into which the City shall promptly deposit all PILOTS. 1. 2. “Post-Completion Funding Sources” means each of the following sources: 3. 4. (a) Tax Credits: 5.  6. (i) the total value of the net proceeds actually received byDeveloper or a Related Entity from the sale of any transferable tax credits approved for the 4731 Delmar Project or 4800 Delmar Project, as applicable Sub-Project, based on the amounts approved by the tax credit issuing authority and the purchase prices for such credits set forth in any tax credit purchase agreement; if, pursuant to such purchase agreement, any portion of the proceeds is to be paid subsequent to the date upon which the statement required by Section 4.3 is submitted, the present value of such portion shall be calculated by the City using a time period determined by the City to be reasonable and a 7% present value rate; if no tax credit purchase agreement has been executed, then the total value of such proceeds shall be calculated as 84% (or such other market value as may be agreed) of the amount approved by the tax credit issuing authority; and 7.  8. (ii) the equity and/or loan proceeds available from investor  9. members or partners in the 4731 Delmar Project or 4800 Delmar Project, as applicable Sub-Project or who will be entitled to receive any non-transferable tax credits approved for the 4731 Delmar Project or 4800 Delmar Project, as applicable Sub-Project, per the ownership documentation for the applicable property; if, pursuant to such ownership documentation, any portion of the proceeds is to be paid subsequent to the date upon which the statement required by Section 4.3 is submitted, the present value of such portion shall be calculated by the City using a time period determined by the City to be reasonable and a 7% present value rate. 10. The Developer shall substantiate the amount of any tax credits approved for the4731 Delmar Project or 4800 Delmar Project, as applicable Sub-Project, and the proceeds or equity related thereto by providing to the City documentation from accountants, tax credit authorities and tax credit purchasers or investors. 11.  12. (b) Sales Proceeds: all net sales proceeds actually derived from thesale of anythe 4731 Delmar Project or 4800 Delmar Project, as applicable Sub-Project, which net sales proceeds shall be documented by copies of the seller’s c...