Creation of Fund. In accordance with Sections 18-2147 of the Act, the Agency will create a special fund pursuant to the Resolution to collect, hold and disburse the TIF Revenues. TIF Revenues deposited into such special fund shall be used for no purpose other than to pay the principal of, interest, if any, and premium, if any, due on the Bonds issued pursuant to Section 3.02 above. The description and operation of such special fund shall be set forth in more detail in the Resolution.
Appears in 6 contracts
Samples: Redevelopment Contract, Redevelopment Contract, Redevelopment Contract
Creation of Fund. In accordance with Sections 18-2147 of the Act, the Agency The Authority will create a special fund pursuant to the Resolution to collect, collect and hold and disburse the TIF Revenues. TIF Revenues deposited into such Such special fund shall be used for no purpose other than to pay the principal of, interest, if any, and premium, if any, due on the Bonds TIF Indebtedness issued pursuant to Section Sections 3.02 above. The description and operation of such special fund shall be set forth in more detail in the Resolution.
Appears in 5 contracts
Samples: Redevelopment Contract, Redevelopment Contract, Redevelopment Contract
Creation of Fund. In accordance with Sections 18-2147 of the Act, the Agency Authority will create a special fund pursuant to the Resolution to collect, collect and hold and disburse the TIF Revenues. TIF Revenues deposited into such Such special fund shall be used for no purpose other than to pay the principal of, interest, if any, and premium, if any, due on the Bonds TIF Indebtedness issued pursuant to Section Sections 3.02 and 3.03 above. The description and operation of such special fund shall be set forth in more detail in the Resolution.
Appears in 3 contracts
Samples: Redevelopment Contract, Redevelopment Contract (US BioEnergy CORP), Redevelopment Contract (Siouxland Ethanol, LLC)
Creation of Fund. In accordance with Sections 18-2147 of the Act, the Agency will create a special fund pursuant to the Resolution to collect, hold and disburse the TIF Revenues. TIF Revenues deposited into such special fund shall be used for no purpose other than to pay the principal of, interest, if any, and premium, if any, due on the Bonds TIF Indebtedness issued pursuant to Section 3.02 above. The description and operation of such special fund shall be set forth in more detail in the Resolution.
Appears in 2 contracts
Samples: Redevelopment Contract, Redevelopment Contract
