City Property Tax Increment means the portion of Property Tax Increment Revenues generated by the City’s mill levy, received by the Authority from the County Treasurer and paid into the Special Fund as specified in Section 3.
City Property Tax Increment means the portion of Property Tax Increment Revenues generated by the City’s mill levy received by the Authority from the El Paso County Treasurer and paid into the Special Fund.
Examples of City Property Tax Increment in a sentence
If the City’s eligible electors approve a new or increased mill levy for any lawful purpose (“Future Mill Levy”), any revenue derived from the Future Mill Levy shall not be considered part of the City Property Tax Increment.
The City and the Authority agree that the Authority may retain and expend in furtherance of the Project one hundred percent (100%) of the City Property Tax Increment, commencing on the date of approval by the City of the Plan, and lasting for the Duration.