Change in Use to Tax-Exempt. The Improvements could be acquired by a party that devotes them to a use which causes the property to be exempt from real property taxation. Taxes and tax increments would then cease.
Appears in 4 contracts
Samples: Tax Increment Development Assistance Agreement, Development Assistance Agreement, Tif Assistance Agreement
Change in Use to Tax-Exempt. The Minimum Improvements could be acquired by a party that devotes them it to a use which causes the property to be exempt from real property taxation. Taxes and tax increments would then cease.
Appears in 1 contract
