CID Revenues means all revenues actually collected, pursuant to this Agreement and the CID Act, from the imposition of the CID Sales Tax. CID Revenues shall not include (a) 1% of the gross revenues generated by the CID Sales Tax, which the State of Missouri Department of Revenue (or other collection agency) may retain for the cost of collecting the CID Sales Tax, (b) any amount paid under protest until the protest is withdrawn or resolved against the taxpayer, (c) any sum received by the CID which is the subject of a suit or other claim communicated to the CID which suit or claim challenges the collection of such sum, (d) any amounts retained by the CID to pay reasonable operating or administrative expenses, and (e) that certain fifty percent of incremental revenues generated by the CID Sales Tax which is captured through the adoption of tax increment financing within the Redevelopment Area and which are deemed statutory economic activity taxes as contemplated by the TIF Act.
CID Revenues means the proceeds, after deduction for costs of collection and/or administration, from the imposition of the CID Sales Tax which are not captured as EATS but are instead pledged by the CID to the City for deposit in the CID Revenues Account of the Revenue Fund of the Special Allocation Fund for the repayment of TIF Obligations.
CID Revenues means the revenues received by the District from the CID Sales Tax imposed by the District within its boundaries and within the Redevelopment Area.
Examples of CID Revenues in a sentence
The Redevelopment Agreements between the Developer and the City for Redevelopment Project 1 (North) and 2 (South) will set forth the coordination of TIF and CID Revenues.
The Redevelopment Agreement between the Developer and the City for Redevelopment Project 2 (South) will set forth the coordination of TIF and CID Revenues.
It is estimated that CID Revenues generated in the Redevelopment Project Area will create CID Proceeds (not including interest) in the amount of $2,542,082.
It is estimated that CID Revenues generated in the Redevelopment Project 2 (South) portion of the District will create CID Proceeds (not including interest) in the amount of $848,983.
It is estimated that CID Revenues generated in the Redevelopment Project Area will create CID Proceeds (not including interest) in the amount of $2,637,696.
More Definitions of CID Revenues
CID Revenues means all revenues received by the City generated by a community improvement district sales tax collected within the CID, subject to the City’s creation of the CID.
CID Revenues means the proceeds, after deduction for costs of collection,
CID Revenues means the CID Sales Tax and CID Special Assessment.
CID Revenues means the revenues received by the CID from the CID Sales Tax imposed by the CID within its boundaries and within the Redevelopment Area.
CID Revenues means, subject to annual appropriation, that CID Sales tax of one percent (1%) imposed by the District on all taxable sales as defined in Section 67.1545 of the CID Act less the costs of collection of the Missouri Department of Revenue pursuant to applicable State law and any amount paid under protest until the protest is withdrawn or resolved against the taxpayer and any amount received by the District which is the subject of a suit or other claim and any amount retained by the District for its administrative purposes annually not to exceed Fifteen Thousand Dollars ($15,000).
CID Revenues means revenues of the CID from the CID Sales Tax, if any, the CID Sources, if any, and the CID Ticket Tax, if any, imposed in accordance with the CID Act, less any such revenues transferred to the Operating Fund to pay CID Administrative Costs. CID Revenues do not include (i) any amount paid under protest until the protest is withdrawn or resolved against the taxpayer or (ii) any sum received by the CID that is the subject of a suit or other claim communicated to the CID, which suit or claim challenges the collection of such sum.
CID Revenues means the revenues received by the City from the 1.1% CID Sales Tax within the Project Area 1 of the Community Improvement District.