Examples of Participating Taxing Entity in a sentence
As between City, the Board, any Participating Taxing Entity, and Developer, Developer shall be solely responsible for compensation payable to any employee, contractor, or subcontractor of the Developer, and none of Developer’s employees, contractors, or subcontractors will be deemed to be employees, contractors, or subcontractors of the City, the Board, or any Participating Taxing Entity as a result of the Agreement.
To the extent permitted by Texas law, no director, officer, employee or agent of City, Board, or any other Participating Taxing Entity shall be personally responsible for any liability arising under or growing out of this Agreement.
City and Board shall use reasonable efforts to cause each Participating Taxing Entity which levies real property taxes in the TIRZ to levy and collect their ad valorem taxes due on the TIRZ Property and to contribute their portion of the Available Tax Increment Funds toward reimbursing the Developer for the construction of the Public Improvements required under the Project Plan, Finance Plan and this Agreement.
No change under this section may result in an increase in the maximum contribution of the City or any other Participating Taxing Entity.