Tax Increments definition

Tax Increments means the tax increments derived from the Development Property and the improvements thereon which have been received and are permitted to be retained by the EDA in accordance with the TIF Act including, without limitation, Minnesota Statutes, Section 469.177; Section 469.176, subdivision 4h; and Section 469.175, subdivision 1a, as the same may be amended from time to time;

Tax Increments means the property tax revenues from the Development Property divided and made available to the City under the provisions of Iowa Code Section 403.19 and the Ordinance.

Tax Increments means the tax increments derived from the Tax Increment District created in accordance with the provisions of Minnesota Statutes, section 469.177;

Examples of Tax Increments in a sentence

• The principal amount of the TIF Note and the interest thereon shall be payable solely from the Tax Increments.

• If, on any Note Payment Date, the Tax Increments for the payment of the accrued and unpaid interest on the TIF Note are insufficient for such purposes, the difference shall be carried forward, without interest accruing thereon, and shall be paid if and to the extent that on a future Note Payment Date there are Tax Increments in excess of the amounts needed to pay the accrued interest then due on the TIF Note.

• This Note is not a general obligation of the City and neither the full faith and credit nor the taxing powers of the City are pledged to the payment of the principal of this Note and no property or other asset of the City, save and except the above-referenced Tax Increments, is or shall be a source of payment of the City's obligations hereunder.

• The Developer herby guarantees that commencing in 2018, Tax Increments received during each calendar year will be at least equal to the debt service payable by the City during such calendar year on all amounts disbursed for or on behalf of the Project.

• The TIF Note shall be a special and limited obligation of the City and not a general obligation of the City, and only Tax Increments shall be used to pay the principal and interest on the TIF Note.

More Definitions of Tax Increments

Tax Increments means the property tax revenues derived from the assessed value (after rollback) of the Minimum Improvements and Development Property in excess of the Development Property’s January 1, 2019 assessed value (after rollback) of $391,550, and divided and made available to the City for deposit in the Oskaloosa Gateway Hotel, LLC TIF Account of the Oskaloosa Urban Renewal Area Tax Increment Revenue Fund.

Tax Increments means, with respect to each Taxing Unit in each year, the amount of property taxes levied by the Taxing Unit for that year on the Captured Appraised Value of real property taxable by the Taxing Unit and located in TIRZ Five that are deposited to the Tax Increment Fund.

Tax Increments means the property tax revenues from property in the Area made available to the City for deposit in the Oskaloosa Urban Renewal Area Tax Increment Revenue Fund under the provisions of Section 403.19 of the Code, as amended, and the Ordinance. Termination Date means the date of termination of this Agreement, as established in Section 12.8 of this Agreement.

Tax Increments means increments, as defined in Minnesota Statutes, Section 469.174 subdivision 25, clause (1), as the same may be amended, from the Tax Increment District.

Tax Increments means the tax increments derived solely from Development Property located within the Tax Increment District No. 33-1 created in accordance with the provisions of Minn. Stat. §469.177;

Tax Increments means the property tax revenues on the Minimum Improvements divided and made available to the County for deposit in the Xxxxxxxx Subfund of the Urban Renewal Tax Increment Revenue Fund under the provisions of Section 403.19 of the Code, as amended, and the Ordinance.

Tax Increments means the tax increments derived from the TIF District and the improvements thereon which have been received and retained by the EDA in accordance with Minnesota law, as amended from time to time, including without limitation the provisions of Minnesota Statutes, Section 469.177; TIF Act means Minnesota Statutes, Sections 469.174 through 469.1794, as amended; TIF District means the Tax Increment Financing (Redevelopment) District No. 21 consisting of the property legally described in Exhibit A attached hereto, which the EDA proposes to establish as a redevelopment district under the TIF Act; TIF Plan means the tax increment financing plan approved for the TIF District;