TIF Ordinance definition

TIF Ordinance means Ordinance No. 96-10, as amended by Ordinance No. 2013- 19, of the City, and as may be further amended or supplemented from time to time.

TIF Ordinance means Ordinance No. 13-33 passed on October 7, 2013 by the City Council.

TIF Ordinance means Ordinance No. 2605 adopted by the City Council on April 18, 2017, adopting the Original Redevelopment Plan, designating the Redevelopment Area, approving the Original Redevelopment Project and authorizing tax increment financing within the Redevelopment Area.

Examples of TIF Ordinance in a sentence

• Accordingly, the Developer agrees to prepare and file, in cooperation with the City, all necessary applications and supporting documents to obtain the exemption from real property taxation for the Improvements authorized by the TIF Statutes and the TIF Ordinance at appropriate times based on development progress.

• Pursuant to the Service Agreement, the Developer, for itself and any subsequent Owner, has agreed to pay the Service Payments during the Exemption Period pursuant to and in accordance with the requirements of the TIF Statutes and pursuant to the TIF Ordinance.

• In the event that upon receipt of the final Service Payment to be paid under the TIF Ordinance and after its application in accordance with the terms of this Agreement, a balance remains on the Reimbursement Obligation, the failure to pay such balance shall not be an event of default of any kind under this Agreement and any payment obligation of the City of such balance shall be deemed forgiven by the Developer at that time.

• The City shall have no liability or responsibility for State Department of Taxation approval of TIF Exemption granted pursuant to the TIF Ordinance.

• If the TIF Ordinance has not gone into effect by June 30, 2024, this Agreement shall terminate and be of no further force and effect.

More Definitions of TIF Ordinance

TIF Ordinance means City Ordinance No. 2089 adopted on September 22, 2015, attached hereto as Exhibit “A”.

TIF Ordinance means the ordinance passed by this Council approving the TIF Exemption.

TIF Ordinance means the ordinance to be passed by City Council pursuant to Ohio Revised Code Section 5709.40(C) which will declare that 100% of the increase in the assessed value of the Development Site subsequent to the effective date of that ordinance to be a public purpose and exempt from taxation in accordance with the requirements of Ohio Revised Code Sections 5709.40, 5709.42 and 5709.43 (collectively, the “5709.40(C) TIF Statute”).

TIF Ordinance means Ordinance 13- “Designating a portion of the Citylocated in Celebrate Virginia South as the ‘Baseball Stadium Complex Development Project Area’ and adopting tax increment financing,” adopted by City Council on [date] . Terms defined in the TIF Ordinance have the same meaning when used in this Agreement.

TIF Ordinance means Ordinance No. 953 of the City adopted on October 17, 1994,

TIF Ordinance means Ordinance No. 51-333, passed by the Governing Body of the City creating the TIF District.

TIF Ordinance means Ordinance No. passed by this Council.