TIRZ Fund definition

TIRZ Fund means the City’s portion of the fund created by the City for the deposit of Tax Increment for the Zone, entitled “Reinvestment Zone Number Eleven, City of San Antonio, Texas.”
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TIRZ Fund means the tax increment fund into which TIRZ Revenue is deposited. “TIRZ Revenue” means the total revenue collected and required by the TIRZ Act to be deposited into a tax increment fund each calendar year from participating taxing entities (excluding ad valorem tax revenues attributable to the mineral estate, including but not limited to oil and gas).
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TIRZ Fund means the tax increment fund created pursuant to the TIRZ Creation Ordinance.
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Examples of TIRZ Fund in a sentence

  • Total reimbursement to Developer from the TIRZ Fund will not exceed NINETY THOUSAND DOLLARS AND NO CENTS ($90,000.00) (“Maximum Reimbursement Amount”).

  • Available Tax Increment in TIRZ Fund shall constitute the only source of reimbursement to Developer for construction of eligible Public Improvements, including but not limited to, exterior restoration, roof repairs, signage, fencing, water line, public infrastructure, window replacement, architectural costs, a waste management plan, survey, and other public infrastructure.

  • Any contribution made by Developer in anticipation of reimbursement from the TIRZ Fund shall never be an obligation of the City’s General Fund, but are only obligations of the TIRZ Fund, and are subject to limitations herein.

  • The Parties agree that the TIRZ Fund will reimburse Developer for Projects Costs in the order of priority of payment for the TIRZ.

  • The Developer’s performance under this Agreement shall be lawful and shall not violate any applicable judgment, order, or regulation nor result in the creation of any claim against the City for money or performance, any lien, charge, encumbrance or security interest upon any asset of the City or the Board, except that this Agreement shall constitute a claim against the TIRZ Fund only from Available Tax Increment to the extent provided herein.

  • If it is determined as a result of such audit that Developer has overcharged for the cost of the Public Improvements and Public Infrastructure, then such overcharges shall be immediately returned to the TIRZ Fund and become due and payable with interest at the maximum legal rate under applicable law from the date the City paid such overcharges.

  • In addition, if the audit determined that there were overcharges of more than 2% of the greater of the budget or payments to Developer for the year in which the discrepancy occurred, and the TIRZ Fund is entitled to a refund as a result of such overcharges, then Developer shall pay the cost of such audit.

  • Developer may rely upon the payments to be made to Developer out of the TIRZ Fund as specified in this Agreement and Developer may assign its rights to such payments, either in full or in trust, for the purposes of financing its obligations related to this Agreement as per Section 16.5 hereof, but the Developer’s right to such payments is subject to the other limitations of this Agreement.

  • Only in the event of a termination pursuant to this Section 11.3 for cause, the City and Board shall have the right to recapture all the disbursed funds pursuant to this Agreement and the Developer shall repay all disbursed funds to the TIRZ Fund.

  • If any payment to Developer is held invalid, ineligible, illegal or unenforceable under applicable federal, state or local laws, then and in that event, Developer shall repay such payment in full to the City for deposit into the TIRZ Fund.


More Definitions of TIRZ Fund

TIRZ Fund means the separate and distinct interest-bearing deposit account established by the City in order to receive deposits of the TIRZ Contribution.
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TIRZ Fund means a fund help by the City, separate and apart from all other City funds, for the deposit and management of revenues collected by the TIRZ.
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TIRZ Fund means the fund required by the TIRZ Act into which the ad valorem taxes levied and collected by the City on the Captured Appraised Value is to be deposited.
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TIRZ Fund means the fund created by the City for the deposit of Tax Increment for the TIRZ, entitled “Tax Increment Reinvestment Zone Number Thirty-One, City of San Antonio, Texas.” Singular and Plural: Words used in the singular, where the content so permits, also include the plural and vice versa, unless otherwise specified.
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Related to TIRZ Fund

  • Infrastructure fund means the renewable fuel infrastructure fund created in section 159A.16.

  • Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

  • Member Account means the regular account and the variable account.

  • Feeder means a high voltage circuit served by automatic switchgear at 3.3kV and above, and for which the Distributor can reasonably aggregate network interruption statistics to monitor average feeder performance;