Common use of Tax Abatement Clause in Contracts

Tax Abatement. The Authority approved 100% tax abatement (above current predevelopment taxes) for the Project for the Tax Abatement Period. Subject to the terms and conditions of this Contract (specifically including, without limitation, the Redeveloper’s substantial completion of the Project), the Authority shall issue its Certificate of Qualification for Tax Abatement on or about the Completion Date, or such earlier date at the request of the Redeveloper as the Authority may deem necessary or desirable. The Authority and the Redeveloper acknowledge that, upon issuance of the Certificate of Qualification for Tax Abatement, the Jackson County Assessor will issue a statement as to the then current assessed valuation of the Property, which valuation shall be the maximum total assessed value of the Property during the Tax Abatement period (“Maximum Assessed Value”).

Tax Abatement. The Authority approved 100% tax abatement (above current predevelopment taxes) for the Project for the applicable Tax Abatement Period. Subject to the terms and conditions of this Contract (specifically including, without limitation, the Redeveloper’s substantial completion of the Project), the Authority shall issue its a Certificate of Qualification for Tax Abatement on or about prior to the Completion Date, or such earlier date at the request of the Redeveloper as the Authority may deem necessary or desirabledesirable provided that the Project is substantially complete at such time. The Authority and the Redeveloper acknowledge that, upon issuance of the a Certificate of Qualification for Tax Abatement, the Jackson County Assessor will issue a statement as to the then current assessed valuation of the Propertysuch tax parcel, which valuation shall be the maximum total assessed value of the Property during the Tax Abatement period (“Maximum Assessed Value”).

Tax Abatement. The Authority approved 10075% tax abatement (above current predevelopment taxes) for the Project for the Tax Abatement Period. Subject to the terms and conditions of this Contract (specifically including, without limitation, the Redeveloper’s substantial completion of the Project), the Authority shall issue its Certificate of Qualification for Tax Abatement on or about the Completion Date, or such earlier date at the request of the Redeveloper as the Authority may deem necessary or desirable. The Authority and the Redeveloper acknowledge that, upon issuance of the Certificate of Qualification for Tax Abatement, the Jackson County Assessor will issue a statement as to the then current assessed valuation of the Property, which valuation shall be the maximum total assessed value of the Property during the Tax Abatement period (“Maximum Assessed Value”).