Examples of Redeveloper in a sentence
The Redeveloper will be required to obtain a bank loan in order to purchase the TIF bond.
The Agency will not fund improvements that exceed the amount of funds available from tax-increment financing indebtedness on the Redevelopment Project that the City Council may elect to issue pursuant to § 18-2147 to §18-2151 of the Act, unless the Redeveloper, the Agency and/or City are able to secure and fund additional monies and such funds are identified in a written redevelopment contract.
The Redeveloper will be required to purchase a Tax Increment Revenue Bond (TIF bond) from the City’s Community Development Agency (the “Agency”) in the amount of up to $1,790,000.
Although some land has been marketed as acreages, the Redeveloper has been unsuccessful in developing the remainder of the property.
The Redeveloper will install all the improvements listed in this section 3 at the Redeveloper’s expense, provided, however that the Redeveloper will require a TIF grant in the amount of up to $1,790,000 from the Agency pursuant to a redevelopment contract with the Agency.