Common use of Use of Other Tax Increments Clause in Contracts

Use of Other Tax Increments. The City shall be free to use any and all Tax Increments above and beyond the percentages to be given to Developer in this Agreement, or any available Tax Increments resulting from the suspension or termination of the Economic Development Grants, for any purpose for which the Tax Increments may lawfully be used pursuant to the provisions of the Urban Renewal Act (including an allocation of all or any portion thereof to the reduction of any eligible City costs), and the City shall have no obligations to Developer with respect to the use thereof.

Appears in 4 contracts

Samples: Purchase, Sale and Development Agreement, Private Development Agreement, Private Development Agreement

AutoNDA by SimpleDocs

Use of Other Tax Increments. The Subject to this Article VII, City shall be free to use any and all Tax Increments above and beyond the percentages to be given to Developer in this Agreement, or any available Tax Increments in excess of the maximum amount in Section 8.1(c) or resulting from the suspension or termination of the Economic Development Grants, for any purpose for which the Tax Increments may lawfully be used pursuant to the provisions of the Urban Renewal Act (including an allocation of all or any portion thereof to the reduction of any eligible City costs)Act, and the City shall have no obligations to Developer with respect to the use thereof.

Appears in 2 contracts

Samples: Private Development Agreement, Private Development Agreement

Use of Other Tax Increments. The City shall be free to use any and all Tax Increments above and beyond the percentages amounts to be given to Developer in this Agreement, or any available Tax Increments resulting from the suspension or termination of the Economic Development Grants, for any purpose for which the Tax Increments may lawfully be used pursuant to the provisions of the Urban Renewal Act (including an allocation of all or any portion thereof to the reduction of any eligible City costs)Act, and the City shall have no obligations to Developer with respect to the use thereof.

Appears in 1 contract

Samples: Agreement for Private Development

Use of Other Tax Increments. The Subject to this Article VIII, the City shall be free to use any and all Tax Increments above and beyond collected in respect of any other properties within the percentages to be given to Developer in this AgreementProject Area, or any available Tax Increments resulting from the suspension or termination of the Economic Development GrantsGrants under Section 8.1 hereof, for any purpose for which the Tax Increments may lawfully be used pursuant to the provisions of the Urban Renewal Act (including an allocation of all or any portion thereof to the reduction of any eligible City costs)Act, and the City shall have no obligations to the Developer with respect to the use thereof.

Appears in 1 contract

Samples: Agreement for Private Redevelopment (Golden Grain Energy)

Use of Other Tax Increments. The City shall be free to use any and all Tax Increments above and beyond the percentages dollar amount to be given to Developer in this Agreement, or any available Tax Increments resulting from the suspension or termination of the Economic Development Stabilization and Transition Grants, for any purpose for which the Tax Increments may lawfully be used pursuant to the provisions of the Urban Renewal Act (including an allocation of all or any portion thereof to the reduction of any eligible City costs), and the City shall have no obligations to Developer with respect to the use thereof.

Appears in 1 contract

Samples: Purchase, Sale and Development Agreement

AutoNDA by SimpleDocs

Use of Other Tax Increments. The Subject to the terms of this Article VIII, the City shall be free to use any and all Tax Increments above and beyond the percentages to be given to Developer in this Agreement, or any available Tax Increments in excess of the stated aggregate maximum of the Economic Development Grants or resulting from the suspension or termination of the Economic Development Grants, for any purpose for which the Tax Increments may lawfully be used pursuant to the Execution Version provisions of the Urban Renewal Act (including an allocation of all or any portion thereof to the reduction of any eligible City costs)Act, and the City shall have no obligations to the Developer with respect to the use thereof.

Appears in 1 contract

Samples: Agreement for Private Development

Use of Other Tax Increments. The City shall be free to use any and all Tax Increments above and beyond the percentages amounts to be given to Developer in this Agreement, or any available Tax Increments resulting from the suspension or termination of the Economic Development Blight Remediation Grants, for any purpose for which the Tax Increments may lawfully be used pursuant to the provisions of the Urban Renewal Act (including an allocation of all or any portion thereof to the reduction of any eligible City costs)Act, and the City shall have no obligations to Developer with respect to the use thereof.

Appears in 1 contract

Samples: Private Development Agreement

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