Common use of Issuance of TIF Indebtedness Clause in Contracts

Issuance of TIF Indebtedness. Not earlier than thirty (30) days following the later date of the approval and execution of this Redevelopment Agreement or the date the issuance of the TIF Bond (defined below) has been authorized, which date is after the remonstrative period in Neb. Rev. Stat § 18-2142.01 or as soon thereafter as is practicable, the City shall issue a TIF Bond in the sum of $166,736 to be purchased by the Redeveloper or Redeveloper’s Lender (“TIF Bond Purchaser”) and receive TIF Bond Proceeds from the TIF Bond Purchaser to be deposited into a City or Lender fund account (the “Project Account”) to be used and expended as set forth in Section 503 below. The total dollar amount of the TIF Bond is the estimated amount of the tax increment to be generated on the Redeveloper Property and Private Improvements based upon an estimated taxable valuation of $1,200,000 after completion of the Private Improvements.

Issuance of TIF Indebtedness. Not earlier than thirty (30) days following the later date of the approval and execution of this Redevelopment Agreement or the date the issuance of the TIF Bond (defined below) has been authorized, which date is after the remonstrative period in Neb. Rev. Stat § 18-2142.01 or as soon thereafter as is practicable, the City shall issue a TIF Bond Indebtedness (“TIF Bond”) in the sum of $166,736 450,000.00 to be purchased by the Redeveloper or Redeveloper’s Lender (“TIF Bond Purchaser”) and receive TIF Bond Proceeds from the TIF Bond Purchaser to be deposited into a City or Lender fund account (the “Project Account”) to be used for payment of the City’s TIF Bond cost of issuance and expended reimbursement of the items as set forth in Section 503 403 below. The total dollar amount of the TIF Bond is the estimated amount of the tax increment to be generated on the Redeveloper Property and Private Improvements based upon an estimated taxable valuation of $1,200,000 3,200,000.00 after completion of the Private Improvements.

Issuance of TIF Indebtedness. Not earlier than thirty (30) days following the later date of the approval and execution of this Redevelopment Agreement or the date the issuance of the TIF Bond (defined below) has been authorized, which date is after the remonstrative period in Neb. Rev. Stat § 18-2142.01 or as soon thereafter as is practicable, the City shall issue a TIF Bond in the sum of $166,736 143,897.00 to be purchased by the Redeveloper or Redeveloper’s Lender (“TIF Bond Purchaser”) and receive TIF Bond Proceeds from the TIF Bond Purchaser to be deposited into a City or Lender fund account (the “Project Account”) to be used and expended as set forth in Section 503 403 below. The total dollar amount of the TIF Bond is the estimated amount of the tax increment to be generated on the Redeveloper Property and Private Improvements based upon an estimated taxable valuation of $1,200,000 after completion of the Private Improvements.

Issuance of TIF Indebtedness. Not earlier than thirty (30) days following the later date of the approval and execution of this Redevelopment Agreement or the date the issuance of the TIF Bond (defined below) has been authorized, which date is after the remonstrative period in Neb. Rev. Stat § 18-2142.01 or as soon thereafter as is practicable, the City shall issue a TIF Bond Indebtedness (“TIF Bond”) in the sum of $ $166,736 1,600,000.00 to be purchased by the Redeveloper or Redeveloper’s Lender (“TIF Bond Purchaser”) and receive TIF Bond Proceeds from the TIF Bond Purchaser to be deposited into a City or Lender fund account (the “Project Account”) to be used for payment of the City’s TIF Bond cost of issuance and expended reimbursement of the items as set forth in Section 503 403 below. The total dollar amount of the TIF Bond is the estimated amount of the tax increment to be generated on the Redeveloper Property and Private Improvements based upon an estimated taxable valuation of $1,200,000 8,000,000.00 after completion of the Private Improvements.