Redevelopment Trust Fund definition

Redevelopment Trust Fund means the redevelopment trust fund established for the Agency under Section 163.387, Florida Statutes, and various ordinances of the City.
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Redevelopment Trust Fund or "trust fund" means the redevelopment trust fund hereby created pursuant to the requirements of the Act and this chapter. (as added by Ord. #2010-016, Nov. 2010)
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Redevelopment Trust Fund means the Agency’s Downtown Trust Fund for the Area created and established pursuant to Section 163.387, Florida Statutes, by Ordinance No: 2426 of the City and codified in Section 2-54 of the City’s Code of Ordinances, in which the Increment Revenues are deposited.
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Examples of Redevelopment Trust Fund in a sentence

  • In the event the City Manager or his/her designee determines that during redevelopment, Owner has failed to comply with the City codes, or that Owner is in non-performance of the terms of the Redevelopment Agreement, Trustee will terminate the Redevelopment Agreement, make no further distribution of trust funds to Owner, and dissolve the Redevelopment Trust Fund after first distributing the remaining trust funds to the CRA for use with the redevelopment of other properties in the CRA district.

  • Neither party, nor the Trustee, shall take any action or be entitled to any remedy which would (i) prevent or disrupt the payment of debt service on Tax Increment Obligations or (ii) prevent, disrupt, or allow the set off of the deposit of Increment Revenues into the Redevelopment Trust Fund in accordance with the Act.

  • Because the Redevelopment Trust Fund is public funds, public access to the project records must be available.

  • This Agreement shall be construed as superseding, altering or amending the conditions and terms of any other agreement, ordinance or resolution of the City pertaining to the calculations of Statutory Increment Revenues or the XXX Increment Revenues to be deposited in the Redevelopment Trust Fund.

  • If the CRA Reserve Fund balance equals the CRA Reserve Requirement, then the investment earnings shall be returned to the Agency for deposit to the Redevelopment Trust Fund to be used in accordance with the Redevelopment Act.

  • If at the time of any such distribution the Agency is no longer a viable, going concern, then such amounts shall be distributed by the City directly to each Taxing Authority in proportion to that amount such Taxing Authority bears as to the total amount paid into the Redevelopment Trust Fund in each of those years in which the Agency budgeted and appropriated funds for deposit into the CRA Reserve Fund.

  • Such termination may become a consideration in any future funding award from the Redevelopment Trust Fund to the PROJECT SPONSOR.

  • Promptly upon receipt of Increment Tax Revenues to the Community Redevelopment Trust Fund in accordance with the Act, the Agency shall deposit or credit to the Debt Service Fund an amount of the legally available Increment Tax Revenues which, together with the balance in the Debt Service Fund, shall equal the principal and interest on and other payment obligations with respect to the Series 2017 Note and all other outstanding Agency Obligations due or to become due during the current Fiscal Year.

  • Funds awarded by SARTA are to be used according to the intent of SARTA bylaws and for the purposes, objectives, and procedures of the Redevelopment Trust Fund.

  • The County’s first payment 54 utilizing this calculation shall be for calendar year 2018 and shall be made to the 55 CPUH Redevelopment Trust Fund on or before January 1, 2019.


More Definitions of Redevelopment Trust Fund

Redevelopment Trust Fund means the Community Redevelopment Trust Fund for the Interchange Redevelopment Area created pursuant to an ordinance enacted by the City on June 19, 1995, into which are deposited all Tax Increment Revenues and any investment earnings thereon.
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Redevelopment Trust Fund means the Binghampton Redevelopment Trust Fund for the Memphis and Shelby County Community Redevelopment Agency created by this Ordinance pursuant to Section 21 of the Act. TIF Uniformity Act: shall mean the Uniformity in Tax Increment Financing Act of 2012.
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Redevelopment Trust Fund means the Southeast Overtown/Park West Community Redevelopment Trust Fund authorized by the Interlocal Agreement and established by Ordinance No. 82-115, enacted by the County Commissioners on December 21, 1982, Ordinance No. 9590, enacted by the City Commission on April 6, 1983 and Ordinance No. 10018 enacted by the City Commission on July 18, 1985, into which Tax Increment Revenues are deposited for repayment of debt service on the Bonds and authorized uses.
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Redevelopment Trust Fund means the Harden/Parkway Community Redevelopment Trust Fund established by the County pursuant to Ordinance No. 04-12 and adopted on March 3, 2004, in which all Increment Revenues and investment earnings thereon are to be deposited upon their receipt.
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Related to Redevelopment Trust Fund

  • Real Estate Investment Trust means that term as defined under section 856 of the internal revenue code.

  • Virginia real estate investment trust means a real estate investment trust, as defined in 26 U.S.C.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Trust Funds means any cash comprised of (i) funds specifically and exclusively used for payroll Taxes, payroll and other employee benefit payments to or for the benefit of any Loan Party’s or its Subsidiaries’ employees, (ii) all Taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof) and (iii) any other funds (A) which any Loan Party holds on behalf of another Person and (B) which such Loan Party holds as an escrow or fiduciary for such Person.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Trust Fund The trust fund established by the Trust Agreement, the assets of which consist of the Mortgage Loans and any other assets as set forth therein. Trustee: U.S. Bank National Association, or any successor in interest, or if any successor trustee or co-trustee shall be appointed as provided in the Trust Agreement, then such successor trustee or such co-trustee, as the case may be.

  • Additional Trust Fund Expense Any expense of the Trust Fund that (i) arises out of a default on a Mortgage Loan or a Serviced Pari Passu Companion Loan or an otherwise unanticipated event, (ii) is not included in the calculation of a Realized Loss, (iii) is not covered by a Servicing Advance or a corresponding collection from the related Borrower, and (iv) is not covered by Default Charges collected on the Mortgage Loans to the extent provided herein.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Trust Land ’ means an interest in land the title to which is held in trust by the United States for an Indian or Indian tribe, or by an Indian or Indian tribe subject to a re- striction by the United States against alien- ation;

  • Blind Trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • state trust land means land owned by the state-

  • unit trust means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Trust Student Loan means any student loan that is listed on the Schedule of Trust Student Loans on the Closing Date, plus any Additional Loan, plus any Substituted Loan that is permissibly substituted for a Trust Student Loan by the Depositor pursuant to Section 6(B) of the Sale Agreement or pursuant to Section 6(B) of an Additional Sale Agreement, or by the Servicer pursuant to Section 3.5 of the Servicing Agreement, but shall not include any Purchased Loan following receipt by or on behalf of the Trust of the Purchase Amount with respect thereto or any Liquidated Student Loan following receipt by or on behalf of the Trust of Liquidation Proceeds with respect thereto or following such Liquidated Student Loan having otherwise been written off by the Servicer.

  • relevant trust means a trust established out of funds provided by the Secretary of State in respect of persons who suffered, or who are suffering, from variant Creutzfeldt-Jakob disease for the benefit of persons eligible for payments in accordance with its provisions;

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.