Special Tax Revenues definition

Special Tax Revenues means the proceeds of the Special Taxes received by or on behalf of the Community Facilities District, including any scheduled payments and any prepayments thereof, interest and penalties thereon and proceeds of the redemption or sale of property sold as a result of foreclosure of the lien of the Special Taxes, which shall be limited to the amount of said lien and interest and penalties thereon.

Special Tax Revenues means revenues received from a special tax levied and collected by the Redevelopment Commission on all taxable property within the geographical boundaries of the City of Fishers Redevelopment District pursuant to Indiana Code § 36-7-14-27.

Special Tax Revenues means (a) the proceeds of the Special Tax levied by the District pursuant to the Special Tax RMA and received by the District, and (b) the Delinquency Proceeds.

Examples of Special Tax Revenues in a sentence

• The Community Facilities District shall not authorize owners of taxable parcels within the Community Facilities District to satisfy Special Tax obligations by the tender of Bonds unless the Community Facilities District shall have first obtained a report of an Independent Consultant certifying that doing so would not result in the Community Facilities District having insufficient Special Tax Revenues to pay the principal of and interest on all Outstanding Bonds when due.

• The Community Facilities District shall punctually pay or cause to be paid the principal, premium, if any, and interest to become due in respect of all the Bonds, in strict conformity with the terms of the Bonds and of this Indenture, according to the true intent and meaning thereof, but only out of Net Special Tax Revenues and other assets pledged for such payment as provided in this Indenture and received by the Community Facilities District or the Trustee.

• So long as any of the Bonds remain Outstanding, the Community Facilities District shall not issue any Additional Bonds or obligations payable from Net Special Tax Revenues on a parity with the Bonds, except as provided in Sections 3.04 and 3.05.

• The Bonds shall be substantially in the form described in, shall be issued and secured under the provisions of, and shall be payable from the Net Special Tax Revenues and subject to redemption as provided in the Indenture, the Preliminary Official Statement (as hereinafter defined), and the Xxxxx-Xxxx Community Facilities Act of 1982, as amended (Section 53311 et seq.

• The Trustee shall at all times keep, or cause to be kept, proper books of record and account, prepared in accordance with prudent corporate trust industry standards, in which accurate entries shall be made of all transactions made by it relating to the proceeds of the Bonds, the Special Tax Revenues received by it and all funds and accounts established by it pursuant to this Indenture.

More Definitions of Special Tax Revenues

Special Tax Revenues means the revenues collected from the levy of the Special Improvements Tax and the collection of Lump Sum Payments.

Special Tax Revenues means the proceeds of the Special Taxes received by the District, including any scheduled payments and any prepayments thereof, interest and penalties thereon and proceeds of the redemption or sale of property sold as a result of foreclosure of the lien of the Special Taxes to the amount of said lien, but shall not include interest and penalties, if any, collected with the Special Taxes that are in excess of the rate of interest payable on the Bonds.

Special Tax Revenues means the amounts collected pursuant to the Special Taxes and appropriated by the County to the Authority and paid to the Trustee including any prepayments thereof, interest thereon and proceeds of the redemption or sale of property sold as a result of foreclosure of the Special Tax lien, penalties and default rate of interest and interest thereon (to the extent such penalties and interest are not retained by the County in accordance with the Memorandum of Understanding). “Special Tax Revenues” does not include any Administrative Expenses collected by the County in connection with delinquent Special Taxes or other Administrative Expenses payable to the County in accordance with the Memorandum of Understanding.

Special Tax Revenues means the revenues generated by the Special Tax.

Special Tax Revenues means the proceeds of the Special Taxes received by the City, including any scheduled payments thereof, interest and penalties thereon and proceeds of the redemption or sale of property sold as a result of foreclosure of the lien of the Special Taxes in the amount of said lien and interest and penalties thereon.

Special Tax Revenues means the amounts collected pursuant to the Special Taxes and appropriated by the City Council to the Authority and paid to the Trustee including any prepayments thereof, interest thereon and proceeds of the redemption or sale of property sold as a result of foreclosure of the Special Tax lien, penalties and default rate of interest and interest thereon (to the extent such penalties and interest are not retained by the City in accordance with the Memorandum of Understanding). “Special Tax Revenues” does not include any Administrative Expenses collected by the City in connection with delinquent Special Taxes or other Administrative Expenses payable to the City in accordance with the Memorandum of Understanding.

Special Tax Revenues means the proceeds of the Special Tax received by the City, excluding any prepayments thereof (which shall be used to redeem Bonds in accordance with the terms hereof and any Supplemental Indenture) and including the proceeds of the redemption or sale of property sold as a result of the foreclosure of the lien of the Special Tax, but excluding any interest or penalties thereon.