Common use of Division of Taxes Clause in Contracts

Division of Taxes. In accordance with Section 18-2147 of the Act, the Agency hereby includes in the Redevelopment Plan of the Agency a provision that any ad valorem tax on real property in that portion of the Project, described in Exhibit A, for the benefit of any public body be "divided" for a period of up to fifteen years after the effective date of this provision as provided in Section 18- 2147 of the Act. The effective date of this provision shall be January 1, 2017. The City and Agency will timely file all appropriate notice with the Xxxxxx County Treasurer and Assessor regarding the division of ad valorem taxes, as provided in Section 18-2147 of the Act.

Division of Taxes. In accordance with Section 18-2147 of the Act, the Agency hereby includes in the Redevelopment Plan of the Agency a provision that any ad valorem tax on real property in that portion of the Project, described in Exhibit A, for the benefit of any public body be "divided" for a period of up to fifteen years after the effective date of this provision as provided in Section 18- 2147 of the Act. The effective date of this provision shall be January 1, 20172016. The City and Agency will timely file all appropriate notice with the Xxxxxx County Treasurer and Assessor regarding the division of ad valorem taxes, as provided in Section 18-2147 of the Act.

Division of Taxes. In accordance with Section 18-2147 of the Act, the Agency hereby includes in the Redevelopment Plan of the Agency a provision that any ad valorem tax on real property in that portion of the Project, described in Exhibit A, for the benefit of any public body be "divided" for a period of up to fifteen years after the effective date of this provision as provided in Section 18- 18-2147 of the Act. The effective date of this provision shall be January 1, 20172022. The City and Agency will timely file all appropriate notice with the Xxxxxx County Treasurer and Assessor regarding the division of ad valorem taxes, as provided in Section 18-2147 of the Act.

Division of Taxes. In accordance with Section 18-2147 of the Act, the Agency hereby includes in the Redevelopment Plan of the Agency a provision that any ad valorem tax on real property in that portion of the Project, described in Exhibit A, for the benefit of any public body be "divided" for a period of up to fifteen years after the effective date of this provision as provided in Section 18- 2147 of the Act. The effective date of this provision shall be January 1, 20172015. The City and Agency will timely file all appropriate notice with the Xxxxxx County Treasurer and Assessor regarding the division of ad valorem taxes, as provided in Section 18-2147 of the Act.

Division of Taxes. In accordance with Section 18-2147 of the Act, the Agency hereby includes in the Redevelopment Plan of the Agency a provision that any ad valorem tax on real property in that portion of the Project, described in Exhibit A, for the benefit of any public body be "divided" for a period of up to fifteen years after the effective date of this provision as provided in Section 18- 2147 of the Act. The effective date of this provision shall be January 1, 20172014. The City and Agency will timely file all appropriate notice with the Xxxxxx County Treasurer and Assessor regarding the division of ad valorem taxes, as provided in Section 18-2147 of the Act.

Division of Taxes. In accordance with Section 18-2147 of the Act, the Agency Authority hereby includes in the Redevelopment Plan of the Agency Authority a provision that any ad valorem tax on real property in the that portion of the Project, described in on Exhibit A, for the benefit of any public body be "divided" divided for a period of up to fifteen years after the effective date of this provision as provided in Section 18- 18-2147 of the Act. The effective date of this provision shall be January 1, 20172011. The City and Agency Authority will timely file all appropriate notice with the Xxxxxx County Treasurer and Assessor regarding the division of ad valorem taxes, as provided in Section 18-2147 of the Act.

Division of Taxes. In accordance with Section 18-2147 of the Act, the Agency hereby includes in the Redevelopment Plan of the Agency a provision that any ad valorem tax on real property in the that portion of the Project, described in on Exhibit A, for the benefit of any public body be "divided" divided for a period of up to fifteen years after the effective date of this provision as provided in Section 18- 18-2147 of the Act. The effective date of this provision shall be January 1, 20172014. The City and Agency will timely file all appropriate notice with the Xxxxxx County Treasurer and Assessor regarding the division of ad valorem taxes, as provided in Section 18-2147 of the Act.