TIF Area definition

TIF Area means that part of the urban renewal area described in the Urban Renewal Plan as described and depicted in Exhibit B, within which the tax increment provisions of Section 31-25-107(9) of the Act apply.
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TIF Area means a specific geographic area designated within the District pursuant to this chapter for development using tax increment financing under this chapter.
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TIF Area means the Downtown Redevelopment Area and the corresponding allocation area as established and amended from time to time by the ERC.
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Examples of TIF Area in a sentence

  • The Interchange TIF Area shall be established by the Town in accordance with Indiana Code 36-7-14, as amended, prior to the letting of the Interchange Project.

  • This Agreement applies only to TIF Revenue derived from imposition of real property taxes (land and improvements to land) in the TIF Area, if any, that is calculated, produced, allocated and transferred to XXXX in accordance with C.R.S. § 31-25-107(9)(a)(II) and the rules and regulations of the Property Tax Administrator of the State of Colorado, and does not include any other revenues of XXXX.

  • On or before the issuance of the EDC Bonds, the Developer shall contribute the sum of Two Hundred Fifty Thousand Dollars ($250,000.00) to the Town for use by the Town for municipal purposes that are in, serving or benefiting the TIF Area.

  • The allocation area shall provide for the capture of one hundred percent (100%) of the incremental real property tax revenues generated from the TIF Area and the deposit of such revenues into the allocation fund for such area (the “TIF Revenues”).

  • The boundaries of the proposed TIF Area are set forth in Exhibit C attached hereto.

  • The City and Commission shall not approve the issuance of any Parity Obligations (as defined herein) in the TIF Area unless the conditions and limitations of Section 2(i) hereof have been satisfied.

  • The Town shall deposit upon receipt fifty (50) percent (50%) of the tax increment revenues derived on real property (such fifty percent (50%) of tax increment, the “INDOT TIF”) in the Interchange TIF Area to a separate account (the “INDOT TIF Account”) and transmit such INDOT TIF to INDOT until the earlier of (i) the total payment of $10,000,000.00 to INDOT or (ii) the expiration of the Interchange TIF Area (25 years from the date the first obligation payable from tax increment in the TIF is incurred).

  • XXXX may also terminate this Agreement by delivering written notice to the Town if the Town no longer provides any services within the TIF Area.

  • The District shall keep or cause to be kept proper records and books of account, including proper records and books of account in which correct and complete entries will be made in accordance with GAAP, reflecting all of its financial transactions related to the Skyland TIF Area and the Downtown TIF Area.

  • In the event the INDOT TIF is not sufficient to pay $10,000,000.00 and the TIF Area expires, the Town shall have no further reimbursement obligation hereunder to INDOT.


More Definitions of TIF Area

TIF Area means a specific geographic area designated within the District pursuant to
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TIF Area means, collectively, (a) those certain parcels of real property located in the City (which are depicted and referred to as the “Sawmill Parkway TIF Area” on EXHIBIT C which is attached hereto and incorporated herein by reference) and which will be identified in the initial TIF Legislation, the Improvements to which will be exempted from real property taxation pursuant to the TIF Legislation and (b) any parcels of real property which are currently located outside the City (such real property being the approximate acres which area is bounded to the north by the current southern corporate boundary of the City, to the east by the railroad tracks, to the south by Bunty Station Road and to the west by U.S. Route 42 and depicted and referred to as the “Possible Sawmill Parkway TIF Area” on EXHIBIT C) and which if hereafter annexed into the City, will thereafter be identified in the TIF Legislation (either by amendment of existing TIF Legislation or passage of new TIF Legislation), and in either case, the Improvements to which will be exempted from real property taxation pursuant to the TIF Legislation. The Parties acknowledge that the southern boundary of the TIF Area has been determined based upon the City’s current expectations as to what real property might be annexed into the City in the foreseeable future.
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TIF Area means the Project area, as defined in Section 2.01.
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TIF Area means the real property legally described on Appendix B of the TIF Plan. “TIF Plan” means the Hadley Township Redevelopment Plan previously adopted by theCity Council by Ordinance No. 4991 for the redevelopment of the TIF Area.
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TIF Area means the Property described on Exhibit A, within which the tax increment provisions of Section 31-25-107(9) of the Act apply, as such area may be expanded or contracted from time to time by the Authority in compliance with the Act.
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TIF Area means a Retail Development Project that has been approved by the Mayor to receive proceeds of Bonds in accordance with the applicable Rules of Operation for the Retail Priority Area in which the Retail Development Project is located.
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Related to TIF Area

  • ILUA Area means the geographical area in relation to which the Framework ILUA applies, as specified in Schedule 2 of the Framework ILUA;

  • Lot area means the total horizontal area within the lot lines of a lot.

  • Adjacent area means the area outside the affected area or permit area where air, surface or ground water, fish, wildlife, vegetation or other resources protected by Chapter 1513. of the Revised Code, determined according to the context in which "adjacent area" is used, are or reasonably could be expected to be adversely affected by proposed coal mining and reclamation operations including probable impacts from underground workings. With respect to underground mining operations, "adjacent area" shall include, at a minimum, the surface areas above full coal recovery areas.

  • Coastal area means coastal area as defined in section 22a-93(3) of the Connecticut General Statutes. “Coastal waters” means coastal waters as defined in section 22a-93(5) of the Connecticut General Statutes. “Commissioner” means commissioner as defined in section 22a-2(b) of the Connecticut General Statutes.

  • Carpet Area means the net usable floor, area of an Flat/Apartment, excluding the area covered by the external walls, areas under services shafts, excluding balcony or verandah area and exclusive open terrace, but includes the area covered by the internal partition walls of the flat/apartment;

  • Downtown area means the business area of a community that is centrally located within the community within the context of the Iowa main street program.

  • the LA area means the area in respect of which is the local authority.

  • Work area means a room or defined space in a workplace where hazardous chemicals are produced or used, and where employees are present.

  • Network Area means the 50 mile radius around the local school campus the Named Insured is attending.

  • Survey Area means the area of land or waters the subject of a Survey, or proposed to be the subject of a Survey.

  • Landscaped area means all the planting areas, turf areas, and water features in a landscape design plan subject to the Maximum Applied Water Allowance and Estimated Applied Water Use calculations. The landscaped area does not include footprints of buildings or structures, sidewalks, driveways, parking lots, decks, patios, gravel or stone walks, other pervious or non-pervious hardscapes, and other non-irrigated areas designated for non-development (e.g., open spaces and existing native vegetation).

  • Slum area means any area where dwellings predominate which, by reason of depreciation, overcrowding, faulty arrangement or design, lack of ventilation, light or sanitary facilities, or any combination of these factors, are detrimental to the public safety, health or morals.

  • Underground area means an underground room, such as a basement, cellar, shaft or vault, providing enough space for physical inspection of the exterior of the tank situated on or above the surface of the floor.

  • Easement Area means the area of the servient lot marked on the survey-strata plan as being subject to the relevant easement; and

  • Drainage area means a geographic area within which stormwater, sediments, or dissolved materials drain to a particular receiving waterbody or to a particular point along a receiving waterbody.

  • Basal area means the effective surface area available to transmit the treated effluent from the filter media in a mound system into the in-situ receiving soils. The perimeter is measured at the interface of the imported fill material and in-situ soil. On sloping sites, only the area down-gradient from the up-slope edge of the distribution media may be included in this calculation.

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Blighted area means an area in which a majority of buildings have declined in productivity by reason of obsolescence, depreciation or other causes to an extent they no longer justify fundamental repairs and adequate maintenance.

  • Program area means a general group of disciplines in which one or more degree programs,

  • Built-Up Area and/or “Covered Area” in relation to a Flat shall mean the floor area of that Flat including the area of balconies and terraces, if any attached thereto, and also the thickness of the walls (external or internal) and the columns and pillars therein Provided That if any wall, column or pillar be common between two Flats, then one-half of the area under such wall column or pillar shall be included in the built-up area of each such Flat.

  • Storage area means any location, facility, or vehicle which is used to store, to transport, or to secure a radiographic exposure device, a storage container, or a sealed source when it is not in use and which is locked or has a physical barrier to prevent accidental exposure, tampering with, or unauthorized removal of the device, container, or source.

  • Development Area means that area to which a development plan is applicable.

  • Passenger area means the area designed to seat the driver and passengers while a motor vehicle is in operation and any area that is readily accessible to the driver or a passenger while in his or her seating position, including but not limited to any type of glove or storage compartment accessible to passengers or driver.

  • CONE Area means the areas listed in Tariff, Attachment DD, section 5.10(a)(iv)(A) and any LDAs established as CONE Areas pursuant to Tariff, Attachment DD, section 5.10(a)(iv)(B).

  • Radiation area means any area, accessible to individuals, in which radiation levels could result in an individual receiving a dose equivalent in excess of 0.05 mSv (0.005 rem) in 1 hour at 30 centimeters from the source of radiation or from any surface that the radiation penetrates.

  • Office Building (Premises), means a building or premises or part thereof whose sole or principal use is for an office or for office purposes or clerical work. "Office purposes" includes the purpose of administration, clerical work, handling money, telephone, telegraph and computer operation; and "clerical work" includes writing, book-keeping, sorting papers typing, filing, duplicating, punching cards or tapes, machines calculations, drawing of matter for publication and editorial preparation of matter for publication.