TIRZ definition
Examples of TIRZ in a sentence
In the event that the TIRZ is created as intended, it is understood that administration of such shall require a TIRZ reimbursement agreement separate from this Agreement that is intended to address those terms discussed herein.
City will be responsible for initiating the TIRZ creation process and for producing the Project and Financing Plan.
Except for matters related to the PID, PID Bonds, Assessments, and the TIRZ, this Agreement shall constitute a “permit” (as defined in Chapter 245) that is deemed filed with the City on the Effective Date.
It is the intention of the Parties that Developer will manage all construction of the items listed in this section and under the proposed TIRZ development agreement if it is more cost effective for those projects to be managed as private projects instead of public projects.
The Parties herein agree that it is their intention to create a TIRZ that will cover the boundary of the Property and Project therein and will be fully or partially utilized to offset costs associated with the Authorized Improvements that are constructed pursuant to the PID and terms of this Agreement.