CID Revenues definition

CID Revenues means all revenues actually collected, pursuant to this Agreement and the CID Act, from the imposition of the CID Sales Tax. CID Revenues shall not include (a) 1% of the gross revenues generated by the CID Sales Tax, which the State of Missouri Department of Revenue (or other collection agency) may retain for the cost of collecting the CID Sales Tax, (b) any amount paid under protest until the protest is withdrawn or resolved against the taxpayer, (c) any sum received by the CID which is the subject of a suit or other claim communicated to the CID which suit or claim challenges the collection of such sum, (d) any amounts retained by the CID to pay reasonable operating or administrative expenses, and (e) that certain fifty percent of incremental revenues generated by the CID Sales Tax which is captured through the adoption of tax increment financing within the Redevelopment Area and which are deemed statutory economic activity taxes as contemplated by the TIF Act.
CID Revenues means the proceeds, after deduction for costs of collection and/or administration, from the imposition of the CID Sales Tax which are not captured as EATS but are instead pledged by the CID to the City for deposit in the CID Revenues Account of the Revenue Fund of the Special Allocation Fund for the repayment of TIF Obligations.
CID Revenues means the proceeds, after deduction for costs of collection,

Examples of CID Revenues in a sentence

  • The Redevelopment Agreements between the Developer and the City for Redevelopment Project 1 (North) and 2 (South) will set forth the coordination of TIF and CID Revenues.

  • In the wake of these mine closures, a racist diatribe against Maltese workers appeared in the local paper.

  • It is estimated that CID Revenues generated in the Redevelopment Project Area2 (South) portion of the District will create CID Proceeds (not including interest) in the amount of$2,637,696.848,983.

  • It is estimated that CID Revenues generated in the Redevelopment Project Area will create CID Proceeds (not including interest) in the amount of $2,542,082.

  • The Redevelopment Agreement between the Developer and the City for Redevelopment Project 2 (South) will set forth the coordination of TIF and CID Revenues.


More Definitions of CID Revenues

CID Revenues means the revenues received by the District from the CID Sales Tax imposed by the District within its boundaries and within the Redevelopment Area.
CID Revenues means revenues of the CID from the CID Sales Tax, if any, imposed in accordance with the CID Act.
CID Revenues means the revenues received by the CID from the CID Sales Tax imposed by the CID within its boundaries and within the Redevelopment Area.
CID Revenues means revenues of the CID from the CID Sales Tax imposed in accordance with the CID Act and as described in this Agreement.
CID Revenues means the CID Sales Tax and CID Special Assessment.
CID Revenues means the revenues received by the City from the 1.1% CID Sales Tax within the Project Area 1 of the Community Improvement District.
CID Revenues means revenues of the CID created in accordance with the CID Act.