Common use of Creation of New Value Clause in Contracts

Creation of New Value. Abatement may be only be granted for the additional value over the base year value resulting from eligible property improvements made subsequent to and listed in tax abatement agreement between the eligible jurisdiction and the property owner subject to such limitations as the eligible jurisdiction may require.

Appears in 7 contracts

Samples: Chapter 313 Value Limitation Agreement, Chapter 313 Value Limitation Agreement, Chapter 313 Value Limitation Agreement

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