TIF Project definition
Examples of TIF Project in a sentence
The reimbursement approved in this Agreement does not exceed the estimated project costs identified within the TIF District’s TIF Project and Finance Plans.
Upon the Company's demonstration of compliance with Section 1.27 herein, the City shall use its reasonable and best efforts to obtain TIF Revenues, in an amount not to exceed $44,000,000, from Tax Increment Reinvestment Zone No. 1 in accordance with Chapter 311, TEXAS TAX CODE, as amended ("Zone Act"), to the extent Company applies, constructs and demonstrates capital expenditures in compliance with the TIF Project and Financing Plan, Zone Act and City ordinances.
The City shall distribute the Service Payments in the 40(B) TIF Fund to the School District and the JVSD as described in Section 3, and then Service Payments in the 40(B) TIF Fund attributable to the 40(B) TIF Project Site shall be distributed to the Company or its designee(s) for the Qualifying Costs of the Public Infrastructure Improvements (as identified in approved Cost Certificates pursuant to Section 7 and consistent with Exhibit D), plus interest thereon at the rate of six percent (6%).
The City and Company agree that the ▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇ Account of the Brecksville Urban Redevelopment Tax Increment Equivalent Fund established pursuant to Ordinance No. 5307 (the “41 TIF Fund”) will receive all Service Payments made with respect to the 41 Improvements to each Parcel of the 41 TIF Project Site that are payable to the City and, if permitted by law, any investment earnings on the portion of the Service Payments in the 41 TIF Fund payable to the Company hereunder.
Beginning July 26, 2013, all remaining unrestricted funds in excess of previously approved project costs and requests from participating governmental entities, will be transferred to a separate restricted account within the TIF Project Fund entitled “Entertainment Center” for the sole purpose to reimburse project costs for the Entertainment Center, as may be approved by the City Council, following recommendation by the TIF Board.
The Issuer shall deposit all proceeds from the sale of the Expenditure Agreement in a separate fund to be known as the “The City of West Lafayette, Indiana--Purdue/PRF TIF Project Fund.” Disbursements from the Project Fund will be used to pay for costs of the Projects and costs of issuing the Expenditure Agreement, and are to be made in accordance with the provisions of Article IV of this Indenture.
The Project includes the reimbursement of expenses for eligible public infrastructure improvements identified in the TIF District’s TIF Project and Finance Plans.
Project Plan" means the Redevelopment Project Plan for Project Area 4 the TIF District approved and adopted by the UG pursuant to the TIF Project Ordinance, as described in Recital P.
The Developer shall not, nor cause or permit an Affiliate to, own or operate any land, building or structure within the TIF Project Area to be operated in violation of such Restricted Land Uses.
The Parties agree that the TIF Project Plan will be implemented as agreed in this Agreement.