Tax Allocation District definition

Tax Allocation District or “TAD” means a Tax Allocation District created by the City pursuant to O.C.G.A. § 36-44-5(a)(3).

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Tax Allocation District. 1”, also known as the “Old Town and Commercial Gateways TAD” or “the TAD” means that certain property described in the City of Flowery Branch Redevelopment Plan for Tax Allocation District #1: Old Town and Commercial Gateways, (“the Redevelopment Plan") and being further identified on Map 1, page 6 of the Redevelopment Plan and containing those real property tax parcels listed in Appendix B of said Redevelopment Plan, being duly created by Resolution of the Flowery Branch City Council and the Tax Allocation District #1 being certified and made effective as of December 31, 2007.

Tax Allocation District or “TAD” means that certain area of the City within the Redevelopment Area defined and created as a tax allocation district, as provided in O.C.G.A. §36- 44-3(13), by the City pursuant to the City Resolution and designated as Doraville Transit-Oriented Development Redevelopment Area and Tax Allocation District Number One – Doraville Transit- Oriented Development, as more fully described in the City Resolution and in the Redevelopment Plan.

Examples of Tax Allocation District in a sentence

• Columbus will have no liability to honor any Requisition except from amounts on deposit in the Tax Allocation District #3 Fund.

• Columbus will have no liability to honor any Requisition except from amounts on deposit in the Tax Allocation District #8 Fund.

• For any year in which the Tax Allocation District #8 Fund is insufficient to make the full annual payment due Developer, a shortfall shall accrue to the Developer in the amount of the deficiency (“Accrued Shortfall.)”.

• Notwithstanding anything herein to the contrary, if, following the conclusion of the twenty-fifth year of payments from the Tax Allocation District #8 Fund on the basis set forth above, Owner shall forfeit any amounts set forth in Schedule F that have not been recouped in accordance with the terms set forth above by that date.

• Provided, however, in the event that other Tax Allocation District #8 projects are also entitled to scheduled funding in the same year, and the funds are inadequate to make all scheduled payments after the deduction of administrative expenses, then each project shall receive its proportionate share based on the amount its scheduled payment due that year bears to the total amount of scheduled payments due that year for all projects.

• Provided, however, in the event that other Tax Allocation District #3 projects are also entitled to scheduled funding in the same year, and the funds are inadequate to make all scheduled payments after the deduction of administrative expenses, then each project shall receive its proportionate share based on the amount its scheduled payment due that year bears to the total amount of scheduled payments due that year for all projects.

• Columbus and Developer will cooperate as provided in this Agreement in order to ensure that Tax Allocation Increment generated by the ▇▇▇▇▇▇▇’▇ Walk Project in the South Columbus River District TAD are collected and deposited into the Tax Allocation District #8 Fund in accordance with the terms of this Agreement, thereby permitting reimbursement of Reimbursement Costs advanced by Developer in connection with the TAD Project as contemplated by this Agreement.

• In the event that in any year there are insufficient funds in the Tax Allocation District #3 Fund to pay such fees and expenses, the unpaid amounts shall accrue and be payable from the first available future deposits into the Tax Allocation District #3 Fund.

• Purchaser intends to make application for financing of portions of the Project via Tax Allocation District funds (“TAD Funds”).

• In the event that in any year there are insufficient funds in the Tax Allocation District #8 Fund to pay such fees and expenses, the unpaid amounts shall accrue and be payable from the first available future deposits into the Tax Allocation District #8 Fund.

More Definitions of Tax Allocation District

Tax Allocation District or “TAD” means that certain area of the City within the Redevelopment Area defined and created as a tax allocation district, as provided in O.C.G.A.

Tax Allocation District or “TAD” means that certain area of the City within the Redevelopment Area defined and created as a tax allocation district (as defined in O.C.G.A. Section 36-44-3(13) of the Redevelopment Powers Law) by the City pursuant to the City Resolution and designated as the "City of ▇▇▇▇▇▇▇ Tax Allocation District Number One – Cleveland Highway Corridor" (sometimes hereinafter referred to as “TAD Number One” or “the TAD”), as more fully described in the City Resolution and in the Redevelopment Plan.

Tax Allocation District or “TAD” means the tax allocation district and associated commercial redevelopment plan approved for and implemented within the downtown Warner Robins area.

Tax Allocation District or “TAD” means the tax allocation district (as defined in O.C.G.A. §36-44-3(13)) created by the City and designated as the TAD Number Two as more fully identified in the applicable redevelopment plan with respect thereto approved by the City.