Brownfield Tax Increment Revenues definition

Brownfield Tax Increment Revenues means one hundred percent (100%) of the tax increment revenues, as defined by Act 381, from all taxable real property located on the Eligible Property for the period of time for the Eligible Activity obligation to be met or the maximum established by the Brownfield Plan from the first year of capture, anticipated to be 2025, whichever is first, which amount results from the increase in taxable value of the Eligible Property multiplied by those millages the ACBRA is legally permitted to capture.

Brownfield Tax Increment Revenues means incremental increase for initial taxable value, as defined by Act 381 and set in the Brownfield Plan, from all taxable real and personal property located on the Eligible Property during the life of the Brownfield Plan.

Brownfield Tax Increment Revenues or “TIR” means taxes approved by the Emmet County Brownfield Redevelopment Authority for capture and reimbursement of eligible activities for the Development under a Brownfield Plan or amended Brownfield Plan.

Examples of Brownfield Tax Increment Revenues in a sentence

• Pursuant to the Brownfield Plan and Act 381 Work Plan, the ACBRA will capture and retain one hundred percent (100%) of the tax increment revenues authorized by law to be captured from the levies imposed by taxing jurisdictions upon taxable property for the Eligible Property consistent with Act 381, as amended, the approved Brownfield Plan and any approved EGLE, MSF or MSHDA Act 381 Work Plan (the "Brownfield Tax Increment Revenues").

• Upon satisfaction of the conditions expressed in this Agreement, the ACBRA will use the Brownfield Tax Increment Revenues to carry out the purposes described in Act 381 and this Agreement and to complete certain other activities described in the Brownfield Plan.

• Such payment shall be reimbursed from future Brownfield Tax Increment Revenues, if available.

• However, so long as an Eligible Activity by the Developer or the City has been approved and is authorized by Act 381 and has been completed and approved in accordance with the following procedure and this Agreement and to the extent Brownfield Tax Increment Revenues are available, the Developer and the City shall be entitled to reimbursement for its Eligible Activities expenses.

• A material adverse effect upon the ability of the ECBRA to collect and use Brownfield Tax Increment Revenues to repay its obligations under this Agreement.

• Pursuant to the Brownfield Plan and Act 381 Work Plan, the ECBRA will capture and retain one hundred percent (100%) of the tax increment revenues authorized by law to be captured from the levies imposed by taxing jurisdictions upon taxable property for the Eligible Property consistent with Act 381, as amended, the approved Brownfield Plan and any approved EGLE or MSF Act 381 Work Plan (the "Brownfield Tax Increment Revenues").

• The parties agree that the amount of the ILOC may be reduced annually to match the remaining balance of EGLE Loan principal and interest on the EGLE Loan by Brownfield Tax Increment Revenues or Developer.

• Overlaid are the melt water line (black solid; uses the densest STW as an end point), the run-off mixing line (black dashed; uses Y as an end point, see Supplementary Material).

• Also, see Pages 27 thru 29 of the State Plan, FFYs 2006-2007, that references the State’s CSBG Program Monitoring plan.

• For all such grant or contract work so excluded an Employee may earn up to a total of 40% above the Employee's annual salary in a twelve month period.