Use of TIF Indebtedness. CDA will collect the Tax Increment and use said Tax Increment to pay debt service on the TIF Indebtedness incurred as provided in Section 3.03 of this Redevelopment Agreement. Notwithstanding the foregoing, the amount of the TIF Indebtedness that the CDA agrees to service and repay with the Tax Increment shall not exceed the amount of the Eligible Project Costs certified pursuant to Section 4.03.
Appears in 3 contracts
Samples: Redevelopment Agreement, Redevelopment Agreement, Redevelopment Agreement
Use of TIF Indebtedness. The CDA will collect the Tax Increment and use said the Tax Increment to pay debt service on the TIF Indebtedness incurred as provided in Section 3.03 of this Redevelopment Agreement. Notwithstanding the foregoing, the aggregate amount of the TIF Indebtedness Notes for Phase One, Phase Two and Phase Three that the CDA agrees to service and repay with the Tax Increment shall not exceed the amount of the Eligible Project Costs certified by Redeveloper pursuant to Section 4.03.4.02 and listed on
Appears in 2 contracts
