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.”
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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
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

Related to TIRZ Fund

  • Provident Fund (1) The Provident Fund for the Clothing Industry (Free State and Northern Cape), (hereinafter referred to as the "Northern Chamber Fund"), originally established on the 1st pay day in September 1971 in terms of Government Notice No' R. 321 dated 1 March 1974, is hereby dissolved.

  • 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. (2) The Vendor shall not use the Department of Homeland Security’s seal(s), logos, crests, or reproductions of flags or likenesses of DHS agency officials without specific FEMA pre-approval. (3) The Vendor will comply with all applicable Federal law, regulations, executive orders, FEMA policies, procedures, and directives. (4) The Federal Government is not a party to this contract and is not subject to any obligations or liabilities to the non-Federal entity, contractor, or any other party pertaining to any matter resulting from the contract. (5) The Vendor acknowledges that 31 U.S.C. Chap. 38 (Administrative Remedies for False Claims and Statements) applies to the Vendor’s actions pertaining to this contract.

  • Welfare Fund The Parties hereto agree on a Welfare Fund as follows:

  • HEALTH FUND 1. The Employer shall make contributions to a health trust fund, known as the “Building Service 32BJ Health Fund,” to cover employees covered by this Agreement who work more than two (2) days per week, with such health benefits as may be determined by the Trustees of the Fund. The Employer may, unless rejected by the Trustees, upon execution of a participation agreement in the form acceptable to the Trustees, cover such other of its employees as it may elect, provided such coverage is in compliance with law and the Trust Agreement. Employees who are on workers’ compensation or who are receiving statutory short term disability benefits, Building Service 32BJ long term disability benefits, or a Building Service 32BJ disability pension, shall be covered by the Health Fund without employer contributions until they may be covered by Medicare or thirty (30) months from the date of disability, whichever is earlier. In no event shall any employee who was previously covered for health benefits lose such coverage as a result of a change or elimination of the Health Fund provision extending coverage for disability. In the event the provision extending coverage for disability is discontinued for any reason, the Employer shall be obligated to make contributions for the duration of the period that would have otherwise been available.

  • HUMANITY FUND 44.00 The Company agrees to deduct on a weekly basis the amount of $0.01 per hour 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 Steel Workers of America National Office, 000 Xxxxxxxx Xxxxxx Xxxx, Xxxxxxx, Xxxxxxx X0X0X0, 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 deductions are voluntary and may be canceled 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.

  • 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.

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