Definition of TIF Expiration Date


TIF Expiration Date means with respect to those parcels described in Exhibit A-1, May 12, 2038, being the date of expiration of that portion of the Allocation Area and with respect to the parcels described in Exhibit A-2 hereto (if and when they become a part of the Economic Development Area), the date which is 30 years following the date the Declaratory Resolution is amended to include such parcels (or 25 years following the date the Declaratory Resolution is so amended, if such amendment occurs after June 30, 2008.