Allocation of Property Tax Dollars Sample Clauses

Allocation of Property Tax Dollars. 3 1. Notwithstanding any other provision of this Agreement, for each fiscal year 4 the Library service revenue allocated to libraries in each member city shall not be less than the 5 estimated library property tax revenue attributable to property located in that city. It shall be the
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Allocation of Property Tax Dollars. 11 1. Notwithstanding any other provision of this Agreement, for each fiscal year 12 the Library service revenue allocated to libraries in each member city shall not be less than the 13 estimated library property tax revenue attributable to property located in that city. Subject to 14 paragraph 2, below, in the event that the allocated library service revenue for a member city 15 exceeds the amount required to maintain the minimum library service for that member, such excess 16 funds shall, after deduction of any activities approved by the Governing Board for library related 17 expenditures within that city, be restricted and held by the JPA for library related activities within 18 that member city including but are not limited to, facility maintenance, facility remodeling or 19 expansion, increased service hours, or increased material and equipment purchases, as mutually 20 agreed by the Library JPA and the city council of that member city.
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Allocation of Property Tax Dollars. 9 Notwithstanding any other provision of this Agreement, for each fiscal year the 10 library service revenue allocated to libraries in each city shall not be less than the 11 estimated library property tax revenue attributable to property located in that city. It shall 12 be the responsibility of the Governing Board to develop a budget which guarantees this 13 provision. In the event that the allocated library service revenue exceeds the amount 14 required to maintain the minimum library service for each city as described in this 15 Agreement, such excess funds shall be spent on library related activities within that city 16 (hereinafter, “Donor City”) including, but not limited to, facility maintenance, facility 17 remodeling or expansion, increased service hours, or increased book purchases, as 18 mutually agreed by the Library JPA and the city council of the affected Donor City.
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Related to Allocation of Property Tax Dollars

  • Real Property Taxes Taxes, assessments and charges now or hereafter levied or assessed upon, or with respect to, the Project, or any personal property of Landlord used in the operation thereof or located therein, or Landlord's interest in the Project or such personal property, by any federal, state or local entity, including: (i) all real property taxes and general and special assessments; (ii) charges, fees or assessments for transit, housing, day care, open space, art, police, fire or other governmental services or benefits to the Project, including assessments, taxes, fees, levies and charges imposed by governmental agencies for such purposes as street, sidewalk, road, utility construction and maintenance, refuse removal and for other governmental services; (iii) service payments in lieu of taxes; (iv) any tax, fee or excise on the use or occupancy of any part of the Project, or on rent for space in the Project; (v) any other tax, fee or excise, however described, that may be levied or assessed as a substitute for, or as an addition to, in whole or in part, any other Real Property Taxes; and (vi) reasonable consultants' and attorneys' fees and expenses incurred in connection with proceedings to contest, determine or reduce Real Property Taxes. Real Property Taxes do not include: (A) franchise, transfer, inheritance or capital stock taxes, or income taxes measured by the net income of Landlord from all sources, unless any such taxes are levied or assessed against Landlord as a substitute for, in whole or in part, any Real Property Tax; (B) Impositions and all similar amounts payable by tenants of the Project under their leases; and (C) penalties, fines, interest or charges due for late payment of Real Property Taxes by Landlord. If any Real Property Taxes are payable, or may at the option of the taxpayer be paid, in installments, such Real Property Taxes shall, together with any interest that would otherwise be payable with such installment, be deemed to have been paid in installments, amortized over the maximum time period allowed by applicable law. If the tax statement from a taxing authority does not allocate Real Property Taxes to the Building, Landlord shall make the determination of the proper allocation of such Real Property Taxes based, to the extent possible, upon records of the taxing authority and, if not so available, then on an equitable basis. Real Property Taxes also do not include any increases in the taxes, assessments, charges, excises and levies assessed against the Project due solely to the construction or installation of tenant improvements or other alterations by tenants of the Project other than Tenant and any other tenants or occupants of the Building; provided, however, that if any Real Property Taxes are imposed or increased due to the construction or installation of tenant improvements or other alterations in the Building, such Real Property Taxes shall be equitably prorated in Landlord's reasonable judgment between Tenant and any other tenants of the Building.

  • RIGHT OF ALLOTTEE TO USE COMMON AREAS AND FACILITIES SUBJECT TO PAYMENT OF TOTAL MAINTENANCE CHARGES The Allottee hereby agrees to purchase the [Apartment/Plot] on the specific understanding that is/her right to the use of Common Areas shall be subject to timely payment of total maintenance charges, as determined and thereafter billed by the maintenance agency appointed or the association of allottees (or the maintenance agency appointed by it) and performance by the Allottee of all his/her obligations in respect of the terms and conditions specified by the maintenance agency or the association of allottees from time to time.

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