Payments to School Districts. As provided in the TIF Ordinance or as otherwise required by law, the School Districts shall receive from the Service Payments, and prior to the deposit of any of those Service Payments into the TIF Fund, an amount equal to the amount that the School Districts would otherwise have received as real property tax payments derived from the Improvements to the Parcels if the Improvements had not been exempt from taxation.
Appears in 3 contracts
Samples: Assignment and Assumption Agreement, Tax Increment Financing Agreement, Assignment and Assumption Agreement
Payments to School Districts. As provided in the TIF Ordinance Ordinances or as otherwise required by law, the School Districts shall receive from the Service Payments, and prior to the deposit of any of those Service Payments into the TIF Fund, an amount equal to the amount that the School Districts would otherwise have received as real property tax payments derived from the Improvements to the Parcels if the Improvements had not been exempt from taxation.
Appears in 2 contracts
Samples: Assignment and Assumption Agreement, Assignment and Assumption Agreement
