Allocation Area means that part of a redevelopment project area to which an allocation provision of a declaratory resolution adopted under section 15 of this chapter refers for purposes of distribution and allocation of property taxes.
Allocation Area means the [Lofts on Tenth Allocation Area] [Noblesville Redevelopment Allocation Area].
Allocation Area means the 2015 334/700 Allocation Area as established in the Declaratory Resolution.
Examples of Allocation Area in a sentence
If Taxpayer is obligated to make a Taxpayer Direct Payment pursuant to Subsection 3(a), then the amount of such Taxpayer Direct Payment shall be equal to the difference between: (i) the amount of the next-due Minimum Payment and minus (ii) the Tax Increment actually generated in Allocation Area No. 1 for the applicable semi-annual period.
If, for any semi-annual calendar period, Allocation Area No. 1 does not generate sufficient Tax Increment to pay in full the next-due Minimum Payment; then Taxpayer shall be obligated to make a Taxpayer Direct Payment to RDC (or to the Trustee on behalf of the RDC).
More Definitions of Allocation Area
Allocation Area means the College Avenue Economic Development Allocation Area. "Annual Fees" means annual fees of the Trustee and reasonable (in an amount not to exceed
Allocation Area means the Fieldhouse Allocation Area previously established by the Redevelopment Commission within the Lebanon Consolidated Economic Development Area in accordance with IC 36-7-14-39 for the purposes of capturing incremental ad valorem real property taxes levied and collected on all taxable property in such allocation area.
Allocation Area means the River West Development Area Allocation Area No. 1. "Area" means the River West Development Area.
Allocation Area means the economic development area, or areas, to be created by the City Bodies pursuant to Indiana Code 36-7-14 for the purpose of collecting tax increment from the increased assessed value created by the Project.
Allocation Area means the Sentry Allocation Area as established in the Declaratory
Allocation Area means the East Side Economic Development Allocation Area previously established by the Redevelopment Commission in accordance with IC 36-7-14-39 for the purposes of capturing incremental ad valorem real property taxes levied and collected on all taxable property in such allocation area.
Allocation Area means the West Lafayette 231 Purdue Allocation Area established in accordance with IC 36-7-14-39 and IC 36-7-14-39.3 for the purposes of capturing incremental ad valorem real property taxes of the Foundation levied and collected in such allocation area.