Redevelopment district definition

Redevelopment district means a type of tax increment financing district consisting of a project, or portions of a project, within which the authority finds by resolution that one or more of the following conditions, reasonably distributed throughout the district, exists:

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Redevelopment district means a type of tax increment financing district consisting of a project, or portions of a project, within which the City finds by resolution that the following conditions, reasonable distributed throughout the District, exist: Parcels consisting of 70 percent of the area of the District are occupied by buildings, streets, utilities, or other improvements and more than 50 percent of the buildings, not including outbuildings, are structurally substandard to a degree requiring substantial renovation or clearance.

Redevelopment district means the specific area declared to be an eligible area in which the city may develop one or more redevelopment projects.

Examples of Redevelopment district in a sentence

• The Agreement shall run in favor of the City, without regard to whether the City has been, remains or is an owner of any land or interest therein in the Project or the Redevelopment District.

• The City shall establish and maintain a separate fund and account known as the Sunflower Redevelopment District Project Plan 1 Tax Increment Fund (the “Tax Increment Fund”).

• The provisions of Project Plan 1, and such resolutions and ordinances of the City introduced or adopted by the City Council which designate the Redevelopment District and Project Area 1 and adopt Project Plan 1, the Community Improvement District Special Assessments, and the provisions of the TIF Act and the CID Act are hereby incorporated herein by reference and made a part of this Agreement, subject in every case to the specific terms hereof.

More Definitions of Redevelopment district

Redevelopment district or "designated district" means an area of public lands designated for redevelopment pursuant to section 171-C.

Redevelopment district means a contiguous geographic area within a city or county in which a redevelopment project will be undertaken, as defined and created by ordinance of the local governing body;

Redevelopment district means the term as defined in the preamble to this Agreement.

Redevelopment district means that portion of a city or

Redevelopment district or "designated district" means the area of public lands designated for redevelopment within the Kanoelehua industrial area and Banyan drive region.

Redevelopment district means that portion of a city or town which the governing body of such city or town has found to contain blighted conditions;

Redevelopment district means a contiguous geographic area