Tif Reimbursement Sample Clauses

Tif Reimbursement. The Developer, and future owners to the extent permitted herein if not the Developer, will pay the statutory service payments generated from the Project (the “Project TIF Revenue”) to the Cuyahoga County Treasurer, pursuant to a service payment agreement to be entered into by and between the City and the Developer (the “Service Agreement”), in the same manner and amount as if the TIF with respect to the applicable portion of the Development Site had not been established in accordance with the Service Agreement. The Project TIF Revenue will be distributed by the Cuyahoga County Treasurer to an urban redevelopment tax increment equivalent fund (the “TIF Fund”). As will be more fully provided in the Service Agreement, the City shall pay amounts deposited in the TIF Fund in the following order: (A) to the City, amounts due and unpaid hereunder; (B) to the School District, any amounts due under the School Compensation Agreement with respect to the Commercial and Retail Component, but subject to any equalization payments due under the School Compensation Agreement; (C) to the Developer, the balance, up to an aggregate total of $23,000,000, with five percent (5.0%) interest accrued on the outstanding principal amount from time to time; (D) the balance, to the City and the School District in accordance with the School Compensation Agreement. The Developer shall pay all reasonable third-party costs of the City in establishing the TIF and this Agreement as set forth in Section XXVIII herein, closing costs and other costs associated with the required property transfer. Other than amounts due in connection with the negotiation of the Development Agreement, the amount of said fees and costs for reimbursement to the City shall have been earned and payable only if and when Developer acquires title to the Development Site; provided, however, that the Developer shall reimburse the City for third party fees and costs associated with the land transfer required to establish the TIF.
Sample 1
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Tif Reimbursement 
Sample 1

Related to Tif Reimbursement

  • Tuition Reimbursement A. The Employer will reimburse a full-time employee for the cost of tuition in accordance with Regulation 10.12.060 and for the cost of books as long as the subject matter of the specific course or course of study is job-related and the tuition costs do not exceed those found at a state university. The employee must receive approval from the Chief prior to taking the course. Tuition reimbursement shall be approved for all job-related undergraduate and graduate work. A request for tuition shall not be unreasonably denied. B. If an employee receives a scholarship, the total amount of the reimbursement from the Employer, combined with the scholarship, shall not exceed one hundred percent (100%) of the cost of tuition and books. C. A satisfactory grade of C or higher or equivalent is required for reimbursement, and a copy of the course transcript showing satisfactory completion, along with a copy of the approved reimbursement application, a copy of the registration or receipt showing the amount paid, and a taxability of tuition reimbursement Interoffice Communication shall be submitted with the reimbursement request within sixty (60) calendar days of receiving final grades. D. In the event the Employer directs an employee to attend any formal training course, the costs of all books and incidental fees will be paid by the Employer. “Life experience” credits will be reimbursed on a per-credit basis, not to exceed the University of Washington tuition rates. E. Once a request for tuition reimbursement has been approved, the Employer will reimburse the cost of tuition as provided above. Approved tuition reimbursements shall be paid to the employee within sixty (60) calendar days of timely submission to the Employer. An employee shall not receive federal or state educational reimbursement funds that exceed the total tuition for any course. F. If an employee receiving tuition reimbursement misses two (2) consecutive terms of school, the Employer shall send a letter requesting the employee notify the Employer of whether the employee intends to continue to attend school. If the employee does not attend school during the following two (2) terms then the employee must reapply for tuition reimbursement when attendance resumes. G. When an employee completes an educational program, the employee shall notify the Employer so the Employer can remove the employee’s name from the tuition reimbursement list. If the employee pursues an additional degree then the employee must reapply for tuition reimbursement. H. No more than twenty-five percent (25%) of the bargaining unit members shall receive tuition reimbursement at any given time. If at any time the maximum twenty-five percent (25%) limit is reached, then all subsequent requests for tuition reimbursement shall be placed on a waiting list in order of the date of application.

  • Mileage Reimbursement Subject to the current Vehicle Rules and Regulations established by the Board, an employee who is authorized to use a private automobile in the performance of duties shall be paid the Internal Revenue Service Standard Mileage Rate for the Business Use of a Car for each mile driven during each monthly period.

  • Cost Reimbursement This payment method is based on an approved budget and submission of a request for reimbursement of expenses Xxxxxxx has incurred at the time of the request;

  • Expense Reimbursement The Executive shall be entitled to receive reimbursement for all appropriate business expenses incurred by him in connection with his duties under this Agreement in accordance with the policies of the Company as in effect from time to time.

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