Tax Abatement Agreement definition

Tax Abatement Agreement means a written contractual agreement between the College and a property Owner made pursuant to Chapter 312 of the Texas Tax Code for the purpose of exempting from taxation by the College an agreed upon percentage of the increase in assessed value of eligible property during the Abatement Period. In accordance with Tax Code Section 312.207, a Tax Abatement Agreement must be approved by the Board at a regularly scheduled board meeting and may not be approved unless the Board finds that the terms of the agreement and the property subject to the agreement meet the applicable Guidelines and Criteria adopted by Board.

Tax Abatement Agreement means the Ad Valorem Tax Abatement Agreement, dated August 20, 1993, among Quest, the City of Xxxxx and the Xxxxx Independent School District, as such agreement may be amended.

Tax Abatement Agreement means the Performance Agreement dated as of July 1, 2007, by and between the City and the Corporation.

Examples of Tax Abatement Agreement in a sentence

• The governing body of the Granting Authority is authorized to enter into a Tax Abatement Agreement with the Company to provide for the abatement granted in Section 1.

• The notice must include a copy of the proposed Tax Abatement Agreement.

• A certified copy of this Resolution, with the application and Tax Abatement Agreement, shall be forwarded to the Company to deliver to the appropriate local taxing authorities and to the Alabama Department of Revenue in accordance with the Act.

• In the event that the applicant or owner fails to demonstrate that he is taking affirmative action to cure his failure, then in such event the Tax Abatement Agreement shall terminate and all abatement of taxes shall likewise terminate.

• This Agreement contains the entire and integrated Tax Abatement Agreement between the County and Owner, and supersedes any and all other negotiations and agreements, whether written or oral, between the parties.

More Definitions of Tax Abatement Agreement

Tax Abatement Agreement means the Tax Abatement Agreement by and between FEP LLC and the City of Houston, Texas.

Tax Abatement Agreement means the Chapter 312 Tax Abatement Agreement authorized by Resolution No. 17-083 and entered into by and between the City and Company executed inconjunction with this Agreement, a copy of which is incorporated by reference herein. Capitalized terms used in this Agreement and not defined above in this Section 1.3 or otherwise in this Agreement shall have the meaning set forth in the Tax Abatement Agreement. 1.4. Conditions Precedent. The City and Company agree that that as a condition of the Tax Abatement Agreement executed contemporaneously herewith, Company shall tender the Chapter 380 Payments to the City as described in Article 2 below.

Tax Abatement Agreement means an agreement entered into between the Borrower and WCDA upon Project Completion providing for a 10-year tax abatement schedule covering all state, local and school taxes on all real and personal property included in the Project, in form, content and substance satisfactory to Bank, in its sole discretion.

Tax Abatement Agreement has the meaning set forth in Section 7.14(c).

Tax Abatement Agreement means that agreement between the City and Target under which the City will xxxxx certain real and personal property taxes payable by Target to the City for one (1) tax year. The Tax Abatement Agreement is a public document on file in the City Secretary’s Office as City Secretary Contract No. ______ and is incorporated herein by reference for all purposes.

Tax Abatement Agreement means a contractual agreement between a property owner and/or lessee (the “Owner”) and an eligible jurisdiction for the purposes of tax abatement as authorized under Chapter 312 of the Tax Code.

Tax Abatement Agreement means that certain Tax Abatement Agreement between the County and Owner.