Tax Increment Reinvestment Zone Sample Clauses

Tax Increment Reinvestment Zone. (a) The City shall exercise its powers under the TIRZ Act and create a TIRZ for the Property and intends to dedicate sixty five percent (65%) of the City’s maintenance and operations ad valorem tax increment (the “City TIRZ Increment”) attributable to the Property in the TIRZ, based on the City’s M&O tax rate each year for a period of thirty (30) years after the issuance of the final series of PID Bonds. (b) The City shall make a request to the County to receive participation from the County in the amount of fifty percent (50%) of the County’s ad valorem tax increment attributable to the Property in the TIRZ, based on the County’s tax rate each year (the “County TIRZ Increment”) for a period of thirty (30) years after the issuance of the final series of PID Bonds pursuant to an interlocal agreement between the City and the County. In no event shall the County’s failure to participate in the TIRZ constitute an Event of Default under the terms of this Agreement. (c) The City shall make a request to the Parker County Emergency Services District No. 1 (the “ESD”) to receive participation from the ESD in the amount of fifty percent (50%) of the ESD’s sales tax increment attributable to the Property in the TIRZ, based on the ESD’s sales tax rate each year (the “ESD TIRZ Increment”) for a period of thirty (30) years after the issuance of the final series of PID Bonds pursuant to an interlocal agreement between the City and the ESD. In no event shall the ESD’s failure to participate in the TIRZ constitute an Event of Default under the terms of this Agreement. (d) The preliminary financial analysis of the TIRZ is set forth in Exhibit M attached hereto, subject to final approval of the TIRZ Project and Finance Plan.
Sample 1
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Tax Increment Reinvestment Zone. (A) Prior to the issuance of the first series of PID Bonds, the City, subject to the consent and approval of the City Council, will consider creation of a TIRZ that includes the Property. The Developer has requested that the TIRZ provide tax increment revenue generated from the TIRZ as follows: subject to subsections (C) and (D) below, forty percent (40%) of the City’s ad valorem tax increment generated by the TIRZ (i) for a period of up to thirty years
Sample 1
Tax Increment Reinvestment Zone. (a) The City intends to create a tax increment reinvestment zone pursuant to and in accordance with the TIRZ Act for a term of thirty (30) years. The Property shall be within the boundaries of the proposed TIRZ.
Sample 1

Related to Tax Increment Reinvestment Zone

  • 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.

  • 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.

  • Assuming Bank Portfolio Sales of Remaining Single Family Shared-Loss Loans The Assuming Bank shall have the right with the concurrence of the Receiver to liquidate for cash consideration, from time to time in one or more transactions, all or a portion of Single Family Shared-Loss Loans held by the Assuming Bank at any time prior to the Termination Date (“Portfolio Sales”). If the Assuming Bank exercises its option under this Section 4.1, it must give thirty (30) days notice in writing to the Receiver setting forth the details and schedule for the Portfolio Sale which shall be conducted by means of sealed bid sales to third parties, not including any of the Assuming Bank’s affiliates, contractors, or any affiliates of the Assuming Bank’s contractors. Sales of Restructured Loans shall be sold in a separate pool from Single Family Shared-Loss Loans not restructured. The Receiver’s review of the Assuming Bank’s proposed Portfolio Sale will be considered in a timely fashion and approval will not be unreasonably withheld, delayed or conditioned.

  • Annual Increments 7.5.1 Subject to 7.5.3 all probationary, permanent, part-time and casual employees shall receive within grade step increments effective on their established increment dates, provided that the employee has reported for work a minimum of two hundred (200) days since his/her last increment adjustment.

  • 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.

  • Funding Increases Before the Funder can make an allocation of additional funds to the HSP, the parties will:

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