CID Revenues definition

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agency) may retain for the cost of collecting the CID Sales Tax, (b) any amount paid under protest until the protest is withdrawn or resolved against the taxpayer, (c) any sum received by the CID which is the subject of a suit or other claim communicated to the CID which suit or claim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 generated and collected by or on behalf of the CID through imposition of the CID Sales Tax.

Examples of CID Revenues in a sentence

• The Parties hereby agree that the City shall not execute or otherwise authorize the CID Reimbursement Agreement (or any other agreement with the CID relating in any manner to the use, disbursement or priority of CID Revenues), nor any amendment or other modification of the foregoing, unless and until Developer has first reviewed and approved the same.

• The City agrees that it shall not take (nor fail to take) any action within its authority that would be contrary to this Agreement or the intent hereof as it relates to Developer’s rights and priority to reimbursement with CID Revenues.

• The Parties acknowledge and agree CID Revenues and TDD Revenues may only be used to pay or reimburse Project Costs (and/or ongoing maintenance and other costs) eligible for such payment or reimbursement in accordance with the CID Act and TDD Act, respectively, and shall be held and disbursed strictly in accordance with the terms and conditions of this Agreement.

• The CID Reimbursement Agreement shall incorporate all material terms of this Agreement relating to the CID, CID Sales Tax, and CID Revenues and otherwise provide appropriate assurances for Developer with respect to its rights and priority to reimbursement with CID Revenues.

• Accordingly, the City shall take, and shall diligently and in good faith advocate for the Board of Directors of the CID and other interested stakeholders to take, all such actions and legal steps as necessary to carry out the intent of this Agreement with respect to the CID Reimbursement Agreement, CID, CID Sales Tax and CID Revenues.

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 revenues received by the District from the CID Sales Tax imposed by the District within its boundaries and within the Redevelopment Area.

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 all revenues actually collected, pursuant to this Agreement and

CID Revenues means all revenues received by the City generated by the 2.00% community improvement district sales tax collected within the CID.

CID Revenues means revenues from the CID Sales Tax generated within the Redevelopment Area and not otherwise subject to tax increment financing by operation of the TIF Act.