TIRZ Fund Sample Clauses

TIRZ Fund. The fund created by the City for the deposit of Tax Increments for the TIRZ, entitled “Tax Increment Reinvestment Zone Number Eleven, City of San Antonio, Texas.”
Sample 1Sample 2
AutoNDA by SimpleDocs
TIRZ Fund. (a) In accordance with the TIRZ Project and Finance Plan, the City Tax Increment, the Port Authority Tax Increment and County Tax Increment shall be deposited to the applicable account of the TIRZ Fund, upon adoption of the ordinance creating the TIRZ and the execution of the County Participation Agreement and the Port Authority Participation Agreement.
Sample 1
TIRZ Fund. (a) In accordance with the TIRZ Project and Finance Plan, a portion of the City TIRZ Increment (not to exceed fifty percent (50%) of the City’s maintenance and operations ad valorem tax increment) and the County TIRZ Increment, if any, obtained from the Property in each phase shall be placed into a subaccount of the TIRZ Fund and shall be distributed pari passu in accordance with the TIRZ Project and Finance Plan in the following order of priority: (i) first, to pay the Administrative Expenses of the TIRZ; and (ii) second to lower the Assessments of Assessed Property owners, on an annual basis not to exceed a tax rate equivalent below $0.85 per $100 of estimated buildout value but not less than $0.40 per $100 of estimated buildout value at the time of the Assessment levy (the “TIRZ Credit”), unless agreed to by the City in writing. (b) In accordance with the TIRZ Project and Finance Plan, fifteen percent (15%) of the City’s maintenance and operations ad valorem tax increment, the remaining portion of the 50% City TIRZ Increment after application of the TIRZ Credit, and the ESD TIRZ Increment, if any, obtained from the Property in each phase shall be placed into a subaccount of the TIRZ Fund and shall be distributed in accordance with the TIRZ Project and Finance Plan to provide a Chapter 380 Grant to the Developer, as set forth in Section 5.4 below. (c) The Parties intend for the remaining portion of the County TIRZ Increment, if any, after application of the TIRZ Credit obtained from the Property in each phase to be placed into a subaccount of the TIRZ Fund and to be distributed to the Developer as an economic development grant (the “Chapter 381 Grant”) from the County pursuant to a separate agreement between the Developer and the County pursuant to Chapter 381, Texas Local Government Code, as amended. (d) Amounts in each subaccount of the TIRZ Fund shall not be commingled, and the TIRZ shall have its own TIRZ Fund separate and apart from all other tax increment reinvestment zone funds. Any excess TIRZ revenues after payment in accordance with the priorities described herein will be returned to the City’s general fund.
Sample 1

Related to TIRZ Fund

  • FEMA Fund Certifications Submission of this proposal is Vendor’s certification that Vendor agrees to this term. Vendor certifies that IF and when Vendor accepts a TIPS purchase paid for in full or part with FEMA funds, Vendor certifies that: (1) Vendor agrees to provide the TIPS Member, the FEMA Administrator, the Comptroller General of the United States, or any of their authorized representatives access to and rights to reproduce any books, documents, papers, and records of the Contractor which are directly pertinent to this contract for the purposes of making audits, examinations, excerpts, and transcriptions. The Vendor agrees to provide the FEMA Administrator or an authorized representatives access to construction or other work sites pertaining to the work being completed under the contract. Vendor acknowledges and agrees that no language in this contract or the contract with the TIPS Member is intended to prohibit audits or internal reviews by the FEMA Administrator or the Comptroller General of the United States.

  • Partnership Funds Pending application or distribution, the funds of the Partnership shall be deposited in such bank account or accounts, or invested in such interest-bearing or non-interest bearing investment, including, without limitation, checking and savings accounts, certificates of deposit and time or demand deposits in commercial banks, U.S. government securities and securities guaranteed by U.S. government agencies as shall be designed by the General Partner. Such funds shall not be commingled with funds of any other Person. Withdrawals therefrom shall be made upon such signatures as the General Partner may designate.

  • Payment Fund “Payment Fund” is defined in Section 2.6(a) of the Agreement.

  • HUMANITY FUND The Company agrees to deduct on a weekly basis the amount of forty (40) cents per week from the wages of all employees in the bargaining unit for all hours worked and, prior to the 15th day of the month following, to pay the amount so deducted to the "Humanity Fund" and to forward such payment to United Steelworkers National Office, 000 Xxxxxxxx Xxxxxx Xxxx, Xxxxxxx, Xxxxxxx, X0X 0X0 and to advise in writing both the Humanity Fund at the aforementioned address and the local union that such payment has been made, the amount of such payment and the names of all employees in the bargaining unit on whose behalf such payment has been made. All employee deductions are voluntary and may be cancelled upon request.

  • Fund Upon receipt of the Net Deposit, Principal Life will establish, under this Agreement, a bookkeeping account in the name of the Agreement Holder, which will evidence Principal Life’s obligations under this Agreement. The Deposit deemed received (as specified in the Annex), (i) less any withdrawals to make payments hereunder and (ii) plus any interest accrued and premium, if any, pursuant to Section 7, will be referred to as the “Fund”. Principal Life is neither a trustee nor a fiduciary with respect to the Fund.

  • Member Capital Contributions (Check One)

  • Feeder The fiber optic cable (lit or unlit) or metallic portion of a Loop between a serving End Office and a remote terminal or feeder/distribution interface.

  • INDUSTRY FUND a. The Employer shall contribute and remit such contributions to the Union’s Industry Fund as specified in Schedule “A” for each hour worked by each employee covered by this Agreement. b. The Industry Fund shall be used by the Union for the promotion of the industry, to promote unionized construction, and for other purposes as determined by the Union to strengthen the position of the Union and its members in the industry. c. The total amount owing shall be remitted monthly to the Union by the 15th of the month following the month for which the contributions were made. Contributions shall be itemized separately on the remittance form.

  • Company Funds All funds of the Company shall be deposited in its name, or in such name as may be designated by the Board, in such checking, savings or other accounts, or held in its name in the form of such other investments as shall be designated by the Board. The funds of the Company shall not be commingled with the funds of any other Person. All withdrawals of such deposits or liquidations of such investments by the Company shall be made exclusively upon the signature or signatures of such Officer or Officers as the Board may designate.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!