Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $360,000 from the proceeds of the TIF. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 through December 2035.
Appears in 1 contract
Samples: Redevelopment Contract
Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $360,000 263,200 from the proceeds of the TIF. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 2024 through December 20352039.
Appears in 1 contract
Samples: Redevelopment Contract
Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $360,000 886,965 from the proceeds of the TIFTIF Indebtedness issued by the Authority. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 through December 20352034 or as agreed to in the TIF agreement.
Appears in 1 contract
Samples: Redevelopment Contract
Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $360,000 112,380 from the proceeds of the TIF. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 through December 20352036.
Appears in 1 contract
Samples: Redevelopment Contract
Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $360,000 123,400 from the proceeds of the TIF. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 2024 through December 20352038.
Appears in 1 contract
Samples: Redevelopment Contract
Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $360,000 52,768 from the proceeds of the TIF. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 2018 through December 20352032.
Appears in 1 contract
Samples: Redevelopment Contract
Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $360,000 2,967,963 from the proceeds of the TIF. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 2025 through December 20352046.
Appears in 1 contract
Samples: Redevelopment Contract
Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $360,000 1,165,090 from the proceeds of the TIF. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 2021 through December 20352039.
Appears in 1 contract
Samples: Redevelopment Contract
Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of not less than $360,000 318,285 from the proceeds of the TIFTIF Indebtedness issued by the Authority. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 through December 2035according to the approved contract.
Appears in 1 contract
Samples: Redevelopment Contract
Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the Legacy 34 2022 project by granting the sum of $360,000 14,430,226 from the proceeds of the TIF. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 2023 through December 20352044.
Appears in 1 contract
Samples: Redevelopment Contract
Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $360,000 159,800 from the proceeds of the TIF. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 2021 through December 20352034.
Appears in 1 contract
Samples: Redevelopment Contract
Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the projectproject except the financing provided by the issuance of the TIF Indebtedness. The Authority will assist the project by granting the sum of $360,000 5,800,000 from the proceeds of the TIFTIF Indebtedness issued by the Authority. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 through December 2035according to the approved contract.
Appears in 1 contract
Samples: Redevelopment Contract
Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $360,000 199,000 from the proceeds of the TIF. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 2021 through December 20352034.
Appears in 1 contract
Samples: Redevelopment Contract
Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $360,000 603,425 from the proceeds of the TIFTIF it is anticipated that this will generate a loan of $420,000. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 2019 through December 20352033.
Appears in 1 contract
Samples: Redevelopment Contract
Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $360,000 530,004 from the proceeds of the TIF. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 2021 through December 20352034.
Appears in 1 contract
Samples: Redevelopment Contract