Tax Increment Assistance Sample Clauses

Tax Increment Assistance. Section 2.5.3.4 is deleted in its entirety.
Sample 1
Tax Increment Assistance. City has created a tax increment financing (TIF) district that includes the Town Center Property and established a TIF Policy outlining prospective incentives, and City will consider the TIF Policy for any TIF incentives granted to Developer. The TIF Policy provides that City may reimburse up to 75% of the tax increment received by City that is generated by qualified improvements on the Private Development Parcels for up to 10 years. Permitted uses for which TIF will be available shall be at the City Council’s discretion and may include office, retail, restaurant, entertainment and residential. Office, boutique hotels, entertainment attractions or projects that create a regional draw will receive the highest consideration from City Council for the full 10-year 75% TIF incentivization. Additional projects incorporating green roofs, structured parking, high quality housing and/or other unique features will also receive favorable consideration for TIF incentivization. City agrees that the Development Agreement will provide a mechanism by which Developer, and/or Developer’s successor(s) in interest, may be granted the full 10-year 75% TIF incentivization to Developer for each qualified office project, subject to standard requirements for such TIF incentives, including project completion and employment requirements (a minimum of 10 full-time equivalent jobs that pay at least 100% median Polk County income during the term of the TIF incentives), all of which shall be negotiated by City and Developer in connection with the Development Agreement. Furthermore, the Development Agreement will provide that City will, in good faith, consider applications by Developer, and/or Developer’s successor(s) in interest, for TIF incentives relative to alternative permitted uses of the Town Center Property under the TIF Policy. All such considerations will be subject to the ordinary political discretion of the then-current City Council and the authorizing procedures of the Chapter 403 of the Iowa Code.
Sample 1
Tax Increment Assistance. The first paragraph of Section 2.4.2.1 is deleted in its entirety and replaced as follows:
Sample 1
Tax Increment Assistance. Subject to the subsections of this Section 2.4.2.1, Authority agrees to provide Developer with Three Million Dollars ($3,000,000.00) in financial assistance in the form of annual tax rebate payments (the “Assistance Amount”). The annual rebate payments shall be equal to the amount of real property taxes paid by the Developer for the Property each year, less any County administration fees, up to a maximum amount of $300,000.00 annually, until the sum of $3,000,000.00 is reached. Developer shall promptly provide Authority written evidence of all property tax assessments and tax payments made by Developer for the Property for the tax year for which the Authority payment is to be provided. Subject to Authority’s receipt of such written evidence from Developer and subject to CADA's receipt of the real property Attachment 1 taxes from the County Tax Assessor for that year, Authority shall make the annual payment to Developer within fifteen (15) days of Authority’s receipt of the payment from the County Assessor for that tax year (estimated to be June 1st of each year).
Sample 1
Tax Increment Assistance. Sections 2.4.2.1.1 and 2.4.2.1.3 of the DDA are deleted in their entirety and replaced as follows:
Sample 1
Tax Increment Assistance 
Sample 1
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Related to Tax Increment Assistance

  • Tax Increment Financing The Redevelopment Agreement provides for the capture of the Tax Increment, as defined therein, by the City of the Redeveloper Improvements to be made by the Redeveloper for a period not to exceed fifteen (15) years after the Redevelopment Project effective date defined in the Redevelopment Agreement. The Tax Increment so captured by the City shall be used for to make the Redeveloper Improvements as described in the Redevelopment Agreement.

  • Service Increments For unit members hired from January 1 through June 30 on an 11 or 12 month contract their first step increment will be the following January 1. For unit members hired from January 1 through June 30 on a 10 month contract their first step increment will be the following February 1. For unit members hired from July 1 through December 31 on an 11 or 12 month contract their first step increment will be on January 1 after completing one (1) full year of service. For unit members hired from July 1 through December 31 on a 10 month contract their first step increment will be on February 1 after completing one (1) full year of service. Subsequent step movements will occur on January 1 for 11 and 12 month contract unit members and will occur February 1 for 10 month contract unit members.

  • Billing Increments Unless otherwise stated in a Service Order, usage-based charges will be billed on either a per-minute or per- message basis. Service calls invoiced on a per-minute basis will have an initial minimum call duration of one (1) minute, subsequent intervals of one (1) minute each, and will be billed by rounding to the next whole minute.

  • Longevity Increment All unit members who have completed the required years of District service, as defined below, shall be eligible to receive a longevity increment.

  • Increment (a) If the Reference Tonnage Handled by all Access Holders plus the Excess Tonnage Shipped by all Access Holders in a Financial Year exceeds the Aggregate Reference Tonnage ("Over-shipment"), DBCT Management will initially hold (or be entitled to hold - if it is has not actually been paid the relevant amount) a portion of the revenue attributable to the Over-shipment of up to and including 2% of the Revenue Cap (the "Provisional Increment") calculated in accordance with Sub¬Section 4 (b) below.

  • ANNUAL INCREMENT (1) Staff shall be entitled to an annual increment which shall be negotiated with the Union annually.

  • Longevity Increments 11.6.1 Each regular classified employee shall receive a two-range increase (5%) upon completion of five (5) years of satisfactory and continuous service. This increase will become effective at the beginning of the sixth year.

  • Annual Increments (a) For regular full-time Employees, a one-step increase within the salary range shall become effective as of the first day of April or the first day of October as the case may be. Where the anniversary date of an initial appointment falls between January 1 and June 30, the date of the increment increase will be April 1, and where between July 1 and December 31, the date of the increment increase will be October 1.

  • Date Increment Due Increments shall accrue and become due and payable on the next day following completion of required service as an employee in the class, unless otherwise provided herein.

  • Salary Increments The Employer, may grant an increment for meritorious service after an employee has served for a period of twelve (12) months following the first day of the month established in Article 35.07 or twelve (12) months following the date of a change in his rate of compensation as established in Articles 35.04, 35.05, or 35.06.

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