TIF Notes definition

TIF Notes means one or more series of tax increment revenue notes issued by the City pursuant to and subject to this Agreement and the Note Ordinance to evidence the City’s limited obligation to repay Reimbursable Redevelopment Project Costs incurred by the Developer on behalf of the City in accordance with the TIF Act and this Agreement.

TIF Notes means the tax increment revenue notes issued by the City pursuant to and subject to this Agreement and the Note Ordinance in substantially the form as set forth in Exhibit E, attached hereto and incorporated herein by reference, to evidence the City’s limited obligation to repay Reimbursable Redevelopment Project Costs incurred by the Developer on behalf of the City in accordance with the TIF Act, the CID Act and this Agreement.

TIF Notes means one or more series of not to exceed $21,410,000 plus Issuance Costs Tax Increment Revenue Notes (Park Pacific Redevelopment Project), Series 20 -A/B issued by the City pursuant to and subject to the Redevelopment Agreement and this Ordinance in substantially the form set forth in Exhibit B, attached hereto and incorporated herein by reference.

Examples of TIF Notes in a sentence

• The Developer shall submit to the Village copies of any construction contract to which the Developer is a party for the TIF Funded Improvements prior to the disbursement of TIF Note(s) Proceeds or Incremental Taxes.

• The Road Bond proceeds or TIF Note proceeds will be used to repay the Loan if the Road Bonds or TIF Notes are issued.

• The City agrees to deposit in the City Escrow Account at least thirty percent (30%) of the "City Tax Revenue" prior to the date the Road Bonds or TIF Notes are issued (including a prorated portion for the year in which the Road Bonds or TIF Notes are issued).

• The City agrees to repay the Loan, together with interest on any amount disbursed from the date of disbursement at a rate equal to the average rate of interest earned on the Investments, in full on the earlier of: (a) the date the Road Bonds (as defined below) or TIF Notes (as defined below) are issued, or (b) the date of the fifth anniversary of the Closing (the earlier of said dates is referred to as the "Loan Maturity Date").

• If for any reason, whether voluntary or involuntary, the City deposits less than 30% of all City Tax Revenue into the City Escrow Account, the amount of Road Bonds or TIF Notes that the Partnership has committed to purchase under Sections 2.9 or 2.10 hereof, respectively, shall be reduced dollar for dollar by the amount by which 30% of the City Tax Revenue exceeds the actual amount deposited in the City Escrow Account.

More Definitions of TIF Notes

TIF Notes means the Tax Increment Limited Revenue Notes, substantially in the form contained in EXHIBIT B, to be delivered by the Authority to the Developer pursuant to Section 3.6(b) hereof and payable from Available Tax Increment received from the TIF District.

TIF Notes means one or more series of not to exceed $2,142,000 plus Issuance Costs Tax Increment Revenue Notes (Laclede Power House Redevelopment Project), Series 200_ issued by the City pursuant to and subject to the Redevelopment Agreement and this Ordinance in substantially the form set forth in Exhibit B, attached hereto and incorporated herein by reference.

TIF Notes means all Phase 1 TIF Notes and Phase 2 TIF Notes, collectively.

TIF Notes means tax increment revenue notes issued by the City pursuant to the Redevelopment Agreement, this Wexford Agreement and the Note Ordinance to evidence the City’s limited obligation to pay RPA-1A(II) Reimbursable Redevelopment Project Costs incurred by the Developer or the Sub- Developer on behalf of the City in accordance with the TIF Act, the Redevelopment Agreement, and this Wexford Agreement.

TIF Notes or “Notes” means one (1) or more tax increment allocation revenue notes in the form of Exhibit C which shall be for a term of twenty (20) years or the number of years left in the Redevelopment Plan, whichever is less, and shall be issued to the Owner. The maximum principal amount of (i) all pay-as-you-go reimbursement, (ii) all TIF Notes issued by the City pursuant to Section 4.3 below and (iii) all Net Bond Proceeds paid to or for the benefit of the Owner, shall not exceed $140,000,000.00, plus applicable interest. To the extent permitted by law, as determined by Bond Counsel, the Owner and the City will make all reasonable efforts to ensure that interest on the TIF Notes is exempt from federal income taxation (which shall include issuing the TIF Notes as one or more smaller revenue notes).

TIF Notes means notes payable to Borrower, Subsidiaries or a Qualifying Investment Affiliate that are issued in connection with Tax Increment Financing Agreements that are related to (i) Deer Run Industrial Park, (ii) the Ford Millennium Project, and (iii) the Chicago International Produce Market.

TIF Notes means tax increment revenue notes issued by the City pursuant to and subject to this Agreement and the Note Ordinance in substantially the form as set forth in Exhibit G, to evidence the City’s limited obligation to repay Reimbursable Redevelopment Project Costs incurred by the Developer on behalf of the City in accordance with the TIF Act and this Agreement.