Special Allocation Fund. The Finance Director, or his designee, shall establish and maintain the Special Allocation Fund which shall contain at least two (2) separate segregated ledger accounts. Payments in Lieu of Taxes shall be deposited into the Special Allocation Fund and recorded into the Payment in Lieu of Taxes Account within the Special Allocation Fund. Fifty percent (50%) of Economic Activity Taxes shall be deposited into the Special Allocation Fund and recorded into the Economic Activity Account. TIF Revenue that is deposited and any interest earned on such deposits will be used for the payment of Reimbursable Project Costs in accordance with Legal Requirements.
Special Allocation Fund. The City shall establish and maintain the Special Allocation Fund which shall contain the following separate segregated accounts: (1) Payments in Lieu of Taxes shall be deposited into the PILOT Account within the Special Allocation Fund; (2) Economic Activity Taxes shall be deposited into the Economic Activity Taxes Account within the Special Allocation Fund; and
Special Allocation Fund. The City Treasurer shall establish and maintain the Special Allocation Fund which shall contain two (2) separate segregated accounts. Payments in Lieu of Taxes shall be deposited into the Payment in Lieu of Taxes Account within the Special Allocation Fund. Economic Activity Taxes, including the EATS portion of the CID Sales Tax, shall be deposited into the Economic Activity Account within the Special Allocation Fund. Payments in Lieu of Taxes and Economic Activity Taxes so deposited and any interest earned on such deposits will be used for the payment of Reimbursable Project Costs and for the distribution to the Taxing Districts, in the manner set forth in the Redevelopment Plan and this Contract.
Special Allocation Fund. The City shall establish and maintain a Special Allocation Fund and 100% of Incremental Real Property Taxes from the TIF District shall be deposited into the Special Allocation Fund. Incremental Real Property Taxes deposited and any interest earned on such deposits will be used for the payment or reimbursement of TIF Project Costs, in the manner set forth in this Agreement, subject always to the TIF Cap.
Special Allocation Fund. The City agrees to cause its Finance Director or other financial officer to maintain the Special Allocation Fund, including within such fund a “PILOTS Account,” an “EATS Account” and a “District Revenues Account.” The PILOTS Account and the EATS Account shall each contain a “D3 Subaccount.” Subject to the requirements of the TIF Act and, with respect to Economic Activity Taxes, subject to annual appropriation by the Board of Aldermen, the City will, promptly upon receipt thereof, deposit all Payments in Lieu of Taxes generated from the D3 Property into the D3 Subaccount of the PILOTS Account and all Economic Activity Taxes generated from the D3 Property that constitute TIF Revenues into the D3 Subaccount of the EATS Account. If the District agrees in the District Project Agreement to appropriate District Revenues to the repayment of the TIF Notes, the City shall, promptly upon receipt thereof, deposit all District Revenues received from the District (if any) in the District Revenues Account. The City shall take such actions as it deems reasonable to cause the Assessor, the County Collector, and the Missouri Department of Revenue to perform all duties required to be performed pursuant to Section 99.845 of the TIF Act.
Special Allocation Fund. The City agrees to cause its Finance Director or other financial officer to maintain the Special Allocation Fund, including within such fund a “PILOTS Account,” an “EATS Account,” a “City Revenues Account,” and a “District Revenues Account.” Subject to the requirements of the TIF Act and, with respect to Economic Activity Taxes, the City Revenues, and District Revenues, subject to annual appropriation by the City Council and/or the District, as applicable, the City will, promptly upon receipt thereof, deposit all Payments in Lieu of Taxes into the PILOTS Account, all Economic Activity Taxes that constitute TIF Revenues into the EATS Account, all City Revenues into the City Revenues Account, and all District Revenues (that are received by the City and are not TIF Revenues) into the District Revenues Account. The City shall take all actions necessary to cause the Assessor and County Collector to perform all duties required to be performed pursuant to Section 99.845 of the TIF Act.
Special Allocation Fund the fund established by the City into which, as required by the Act, all Payments in Lieu of Taxes and Economic Activity Taxes are deposited for the purpose of paying Redevelopment Project Costs and TIF Obligations incurred in the payment thereof;
Special Allocation Fund. The City agrees to cause its Treasurer or other financial officer to maintain the Special Allocation Fund, and within such fund a “PILOT Account” and an “EATs Account” and such further accounts as the Treasurer of the City may deem appropriate in connection with the administration of the Special Allocation Fund pursuant to this Agreement. Subject to the requirements of the Act and, with respect to Economic Activity Taxes, subject to annual appropriation by the City Council, the City will, promptly upon receipt thereof, deposit all Payments in Lieu of Taxes attributable to the Development Parcel into the PILOT Account and all Economic Activity Taxes attributable to the Development Parcel into the EATs Account within the Special Allocation Fund.
Special Allocation Fund. The City agrees to cause its Treasurer or other financial officer to maintain the Special Allocation Fund, including a “Pilots Account,” an “Economic Activity Tax Account” and such further accounts or subaccounts as the Treasurer of the City may deem necessary or appropriate in connection with the administration of the Special Allocation Fund pursuant to this Agreement. Subject to the requirements of the TIF Act and, with respect to Economic Activity Taxes, subject to annual appropriation by the City Council, the City will, promptly upon receipt thereof, deposit all Payments in Lieu of Taxes into the Pilots Account and all Economic Activity Taxes into the Economic Activity Tax Account. The City shall take all actions necessary to cause the Assessor and County Collector to perform all duties required to be performed pursuant to Section 99.845 of the TIF Act.
Special Allocation Fund. The City shall establish and maintain the Special Allocation Fund which shall contain the following separate segregated accounts: (1) Payments in Lieu of Taxes shall be deposited into the PILOT Account within the Special Allocation Fund; (2) Economic Activity Taxes shall be deposited into the Economic Activity Taxes Account within the Special Allocation Fund; (3) and such further accounts, including the CID Revenues Account, or sub-accounts as are required by this Agreement, the Indenture, or as the City’s financial advisor and Trustee may deem appropriate in connection with the administration of the Special Allocation Fund. Subject to the requirements of the TIF Act and, with respect to Economic Activity Taxes, subject to annual appropriation by the Board of Aldermen, the City will promptly upon receipt thereof deposit or be
