County Increment definition

County Increment means, for a year, 80% of the ad valorem property taxes levied and collected by the County for that year on the captured appraised value of real property (as defined in Section 311.012 of the TIRZ Act) taxable by the County and located within the Zone Land.

County Increment means, for any given year beginning with the 2019 tax year, 75 percent of the ad valorem property taxes levied and collected by the County for that year on the captured appraised value of real property taxable by the County and located within the TIRZ.

County Increment means the portion of Property Tax Increment Revenues generated by the Larimer County mill levy, not including the Foothills Gateway and the Pest Control District mill levies, received by the Authority from the Larimer County Treasurer.

Examples of County Increment in a sentence

• IA No. 2006-01 shall mean Spokane County Increment Area No. 2006-01, created by Resolution No. 6-0629.

• The City shall send annually to the County, the College and the Hospital a bill that outlines the City’s calculation of the County Increment, College Increment and Hospital Increment, respectively, copies of which bills shall be given to the District at the same time they are given to the County, College and Hospital.

• Company acknowledges and agrees that: (i) any Property Increment in excess of the Projected Property Increment; and (ii) any amount of the County Increment Contribution remaining after application of the Pledged Increment to the payment of Bond Debt Service; shall belong solely to YRC, for use as YRC deems to be appropriate.

• If you assert any of the above rights, which is not done in writing, we ask for your understanding that we may require proof from you that you are the person you claim to be.

• Pursuant to the Xxxx County Reinvestment Zone Policy adopted on February 7, 2017, no more than ten percent of the County Increment will be used for the payment of administrative, legal, consulting, or other professional expenses, except engineering and architectural fees directly related to the specific projects in which the County will participate.

• Code §36-7-12-24 and recommending the issuance of the Bonds; (ii) the County RDC has adopted a resolution pursuant to which it has pledged the County Increment Contribution to YRC; and (iii) YRC has adopted a resolution pursuant to which it has pledged the Pledged Increment to the payment of Bond Debt Service.

• In the event the Authority is unable to obtain this Affordable Housing provision in the agreement, the County Increment Revenues specified in Section 3.1 shall be reduced to fifty percent (50%) of the County Increment.

• If the agreement between the Authority and the owner/developer includes the Affordable Housing provision but notwithstanding this provision, the owner/developer ultimately determines it is unable to provide all or any amount of Affordable Housing, owner/developer upon making such determination shall provide to Authority and County a written explanation of all circumstances preventing provision of Affordable Housing, but the County Increment Revenues shall not be reduced to fifty percent (50%).

• Provided that the City receives the State Contribution and the State Increment and the County Increment, the City will reimburse Maxeon up to$20,000,000 in Closing Fund Contribution proceeds and the GRT Increment consistent with the provisions of Section 6.B. herein for the costs of the acquisition, construction, redevelopment, renovation, rehabilitation and equipping of the Facility actually incurred after the adoption of the Project Ordinance.

• The County recognizes and agrees that in reliance on this Agreement and in accordance with the provisions of §31-25-109(12) of the Act, the adoption and approval of the Plan may include an irrevocable pledge of all of the Property Tax Increment Revenues, including the County Increment, to pay the Authority’s Bonds (if any are issued) and other financial obligations in connection with the Urban Renewal Project.

More Definitions of County Increment

County Increment means the portion of Property Tax Increment Revenues generated by the collective County’s mill levy, not including the Foothills Gateway and the Pest District mill levies, received by the Authority from the County Treasurer.

County Increment means, for any given year beginning with the 2018 tax year, 80% of the ad valorem property taxes levied and collected by the County for that year on the captured appraised value of real property taxable by the County and located within the Zone, all as provided in the County Participation Agreement.