FILOT or “FILOT Payments” shall mean the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.
FILOT means fee in lieu of ad valorem property taxes.
FILOT means the fee-in-lieu of taxes, which the Company is obligated to pay to the County pursuant to Section 5.01 hereof.
Examples of FILOT in a sentence
The Company’s obligation to make FILOT Payments under this Fee Agreement shall terminate in the year following the year of such termination pursuant to this section.
More Definitions of FILOT
FILOT means the fee in lieu of taxes which the Company is obligated to pay to the County pursuant to Section 5.01 hereof.
FILOT means the fee-in-lieu of taxes, which the Sponsor is obligated to pay to the County pursuant to Section 4.2 hereof.
FILOT means fee in lieu of ad valorem taxes.
FILOT means fee in lieu of ad valorem tax(es).
FILOT means the fee-in-lieu of taxes which the Company and any other parties who place Economic Development Property into service within the Investment Period pursuant to this Agreement are obligated to pay to the County pursuant to Section 5.01 hereof.
FILOT means a fee-in-lieu of taxes pursuant to the Act or pursuant to the Multi-County Park Act, as the context requires.