Common use of Valuation of the Redeveloper Property Clause in Contracts

Valuation of the Redeveloper Property. The City intends to use the Ad Valorem Tax Provision to generate tax increment financing funds which shall be used to finance the issuance of the TIF Bond A and TIF Bond B (defined below) to fund the Redeveloper Public Improvements and to make the grant or grants to Redeveloper in accordance with this Redevelopment Agreement. The tax increment is to be derived from the increased valuation, determined in the manner provided for in Article 8, Section 12 of the Constitution of the State of Nebraska and the Community Development Act which will be attributable to the redevelopment contemplated under this Agreement. The TIF Tax Revenues which are to be used to pay debt service on the TIF Indebtedness from the sale of the TIF Bond A and TIF Bond B will be derived from the increased valuation from redeveloping the Project Site as provided in this Agreement. Redeveloper agrees not to contest any taxable valuation assessed for the Project Site and Private Improvements thereon which do not exceed $26,928,000.00 commencing on the Effective Date (defined below) of the Ad Valorem Tax Proposition and continuing for a period of not to exceed fifteen (15) years after the Effective Date or so long as any portion of the TIF Indebtedness with respect to the TDP Project remains outstanding and unpaid, whichever period of time is shorter.

Valuation of the Redeveloper Property. The City intends to use the Ad Valorem Tax Provision to generate tax increment financing funds which shall be used to finance the issuance of the TIF Bond A and TIF Bond B (as defined below) to fund for the Redeveloper Public Private Improvements and to make the grant or grants to Redeveloper to fund the Redeveloper Public Improvements associated with the Private Improvements in accordance with this Redevelopment Agreement. The tax increment is to be derived from the increased valuation, determined in the manner provided for in Article 8, Section 12 of the Constitution of the State of Nebraska and the Community Development Act Law which will be attributable to the redevelopment contemplated under this Redevelopment Agreement. The TIF Tax Revenues which are to be used to pay debt service on the TIF Bond Indebtedness from the sale of the TIF Bond A and TIF Bond B will be derived from the increased valuation from redeveloping the Project Site Redeveloper Property as provided in this Redevelopment Agreement. Redeveloper agrees not to contest any taxable valuation assessed for the Project Site Redeveloper Property and the Private Improvements thereon which do not exceed below $26,928,000.00 2,055,000 commencing on the Effective Date (defined below) of the Ad Valorem Tax Proposition Provision and continuing for a period of not to exceed fifteen (15) years after the Effective Date or so long as any portion of the TIF Bond Indebtedness with respect to the TDP Project remains outstanding and unpaid, whichever period of time is shorter.

Valuation of the Redeveloper Property. The City intends to use the Ad Valorem Tax Provision to generate tax increment financing funds which shall be used to finance the issuance of the TIF Bond A and TIF Bond B (as defined below) to fund for the Redeveloper Public Private Improvements and to make the grant or grants to Redeveloper to fund the Redeveloper Public Improvements associated with the Private Improvements in accordance with this Redevelopment Agreement. The tax increment is to be derived from the increased valuation, determined in the manner provided for in Article 8, Section 12 of the Constitution of the State of Nebraska and the Community Development Act Law which will be attributable to the redevelopment contemplated under this Redevelopment Agreement. The TIF Tax Revenues which are to be used to pay debt service on the TIF Bond Indebtedness from the sale of the TIF Bond A and TIF Bond B will be derived from the increased valuation from redeveloping the Project Site Redeveloper Property as provided in this Redevelopment Agreement. Redeveloper agrees not to contest any taxable valuation assessed for the Project Site Redeveloper Property and the Private Improvements thereon which do not exceed below $26,928,000.00 5,675,000.00 commencing on the Effective Date (defined below) of the Ad Valorem Tax Proposition Provision and continuing for a period of not to exceed fifteen (15) years after the Effective Date or so long as any portion of the TIF Bond Indebtedness with respect to the TDP Project remains outstanding and unpaid, whichever period of time is shorter.. Redeveloper reserves the right to subdivide the Project Site to separate ownership of the two (2) structures and in such event, the protest values shall be allocated:

Valuation of the Redeveloper Property. The City intends to use the Ad Valorem Tax Provision to generate tax increment financing funds which shall be used to finance the issuance of the TIF Bond A and TIF Bond B (as defined below) to fund for the Redeveloper Public Private Improvements and to make the grant or grants to Redeveloper to fund the Redeveloper Public Improvements associated with the Private Improvements in accordance with this Redevelopment Agreement. The tax increment is to be derived from the increased valuation, determined in the manner provided for in Article 8, Section 12 of the Constitution of the State of Nebraska and the Community Development Act Law which will be attributable to the redevelopment contemplated under this Redevelopment Agreement. The TIF Tax Revenues which are to be used to pay debt service on the TIF Bond Indebtedness from the sale of the TIF Bond A and TIF Bond B will be derived from the increased valuation from redeveloping the Project Site Redeveloper Property as provided in this Redevelopment Agreement. Redeveloper agrees not to contest any taxable valuation assessed for the Project Site Redeveloper Property and the Private Improvements thereon which do not exceed below $26,928,000.00 11,800,000 commencing on the Effective Date (defined below) of the Ad Valorem Tax Proposition Provision and continuing for a period of not to exceed fifteen (15) years after the Effective Date or so long as any portion of the TIF Bond Indebtedness with respect to the TDP Project remains outstanding and unpaid, whichever period of time is shorter.

Valuation of the Redeveloper Property. The City intends to use the Ad Valorem Tax Provision to generate tax increment financing funds which shall be used to finance the issuance of the TIF Bond A and TIF Bond B (as defined below) to fund for the Redeveloper Public Private Improvements and to make the grant or grants to Redeveloper to fund the Site Preparation and Public Enhancements associated with the Private Improvements in accordance with this Redevelopment Agreement. The tax increment is to be derived from the increased valuation, determined in the manner provided for in Article 8, Section 12 of the Constitution of the State of Nebraska and the Community Development Act Law which will be attributable to the redevelopment contemplated under this Agreement. The TIF Tax Revenues which are to be used to pay debt service on the TIF Bond Indebtedness from the sale of the TIF Bond A and TIF Bond B will be derived from the increased valuation from redeveloping the Project Site Redeveloper Property as provided in this Agreement. Redeveloper agrees not to contest any taxable valuation assessed for the Project Site Redeveloper Property and the Private Improvements thereon which do not exceed below $26,928,000.00 2,919,000.00 commencing on the Effective Date (defined below) of the Ad Valorem Tax Proposition Provision and continuing for a period of not to exceed fifteen (15) years after the Effective Date or so long as any portion of the TIF Bond Indebtedness with respect to the TDP Project remains outstanding and unpaid, whichever period of time is shorter.

Valuation of the Redeveloper Property. The City intends to use the Ad Valorem Tax Provision to generate tax increment financing funds which shall be used to finance the issuance of the TIF Bond A and TIF Bond B (defined below) to fund the Redeveloper Public Improvements and to make the grant or grants to Redeveloper in accordance with this Redevelopment Agreement. The tax increment is to be derived from the increased valuation, determined in the manner provided for in Article 8, Section 12 of the Constitution of the State of Nebraska and the Community Development Act which will be attributable to the redevelopment contemplated under this Agreement. The TIF Tax Revenues which are to be used to pay debt service on the TIF Indebtedness from the sale of the TIF Bond A and TIF Bond B will be derived from the increased valuation from redeveloping the Project Site Redeveloper Property as provided in this Agreement. Redeveloper agrees not to contest any taxable valuation assessed for the Project Site Redeveloper Property and Private Improvements thereon during the Tax Increment Period which do not exceed $26,928,000.00 1,200,000 commencing on the Effective Date (defined below) of the Ad Valorem Tax Proposition tax year 2014 and continuing for a period of not to exceed fifteen (15) years after the effective date (“Effective Date Date”) of the Ad Valorem Tax Provision in Section 913 below or so long as any portion of the TIF Indebtedness with respect to the TDP Redevelopment Project remains outstanding and unpaid, whichever period of time is shorter.