Examples of TIRZ Act in a sentence
Promptly after receipt of such Letter of Instructions from the City, the Trustee shall cause any money remaining in the Pledged Revenue Fund or the Project Fund to be transferred to the City for disbursement to the City and to the Taxing Units in accordance with the provisions of the TIRZ Act.
This TIRZ Project and Financing Plan (the "Plan") is prepared pursuant to the provisions of the TIRZ Act, and in connection with the ordinance of the City Council of the City of Princeton, Texas (the "City") authorizing, establishing, and creating the City of Princeton Tax Reinvestment Zone No. 4 ("TIRZ No. 4").
As explained by the supreme court, “[m]otion practice is more generally governed by Rule 78[.]” Id. Rule 78 allows the trial court to rule on a motion for summary judgment¶20.
An area is eligible under the TIRZ Act to be designated as a tax increment reinvestment zone if the area substantially arrests or impairs the sound growth of a city because the Zone is predominately open and undeveloped and has the need for public infrastructure to attract new residential activity to the Zone for the purpose of providing long term economic benefits for all taxing units that levy taxes within the Zone.
Pursuant to Sections 311.010(b) and 311.013 of the TIRZ Act, the City shall use reasonable efforts to enter into separate agreements (each a “Tax Participation Agreement” and collectively, the “Tax Participation Agreements”) with the County, the College and the Hospital.