District Debt Service Mill Levy definition

District Debt Service Mill Levy means a property tax levy imposed by the District in a minimum amount of twenty-five (25) xxxxx levied by the District on the taxable property of the District. The District Debt Service Mill Levy rate may be adjusted as set forth in the Service Plan to take into account legislative or constitutionally imposed adjustments in assessed values or their method of calculation so that, to the extent possible, the revenue produced by such District Debt Service Mill Levy is neither diminished nor enhanced as a result of such changes.

District Debt Service Mill Levy means a property tax levy of fifty (50) mills levied by the District on the taxable property of the District. The District Debt Service Mill Levy rate may be adjusted as set forth in the Service Plan to take into account legislative or constitutionallyimposed adjustments in assessed values or their method of calculation so that, to the extent possible, the revenue produced by such District Debt Service Mill Levy is neither diminished nor enhanced as a result of such changes. The District Debt Service Mill Levy shall be imposed only so long as there are outstanding District Bonds.

District Debt Service Mill Levy means that certain ad valorem property tax mill levy imposed by the District, subject to the limitations set forth in the District Operating Plan and the provisions of the last paragraph of Section 3.02(b) hereof, which levy is pledged to and imposed for purposes of paying the Bond Requirements and Eligible Costs, subject to the limitations set forth in the Operating Plan.

Examples of District Debt Service Mill Levy in a sentence

• The combined Debt Service Mill Levy, Operations and Maintenance Mill Levy and Overlay District Debt Service Mill Levy shall under no circumstances exceed the Maximum Mill Levy described in Section VI.C. In no event shall the Debt Service Mill Levy exceed the Maximum Mill Levy as described in Section VI.C. herein.

• All Debt is projected to be repaid by the imposition of a Debt Service Mill Levy not to exceed Eighty (80) Mills minus the Overlay District Debt Service Mill Levy, which is in turn not to exceed Ten (10) Mills, subject to adjustment as set forth in the service plan of the Overlay District.

• The District covenants to impose the District Debt Service Mill Levy so that such District Debt Service Mill Levy will be in effect no later than January 1, 2014, and the District covenants to continue to impose the District Debt Service Mill Levy for so long as any District Bonds remain outstanding.

• As further detailed in Section VI.C. herein, the aggregate of theDebt Service Mill Levy, Operations and Maintenance Mill Levy and Overlay District Debt Service Mill Levy shall not exceed the Maximum Mill Levy.

• The Maximum Mill Levy shall be the maximum mill levy each District is permitted to impose upon the taxable property within its boundaries and shall be Eighty (80) Mills minus the Overlay District Debt Service Mill Levy.

More Definitions of District Debt Service Mill Levy

District Debt Service Mill Levy shall have the meaning set forth in the Indentures.

District Debt Service Mill Levy means that certain ad valorem property tax mill levy imposed by the District (subject to the limitations set forth in the Service Plan), which xxxx is pledged to and imposed for purposes of paying debt, which may include the Bonds.

District Debt Service Mill Levy means an ad valorem mill levy (a mill being equal to 1/10 of 1 cent) imposed upon all taxable property of the District each year at a rate and in the amount of fifty (50) xxxxx, net of the costs of collection and any tax refunds or abatements authorized by or on behalf of El Paso County, subject to the following adjustments:

District Debt Service Mill Levy means a property tax levy of a minimum of 50 xxxxx which will be levied by the District on the taxable property of such District, except as provided herein; provided, however, that such rates may be adjusted to take into account legislative or constitutionally imposed adjustments in assessed values or their method of calculation so that, to the extent possible, the revenue produced by such District Debt Service Mill Levy is neither diminished nor enhanced as a result of such changes. The District Debt Service Mill Levy shall not be less than 50 xxxxx during the term of this Agreement unless the District obtains approval of a lower amount from the Town, which determination shall be in the discretion of the Town.

District Debt Service Mill Levy means a property tax levy which will be levied by the District on the taxable property of the District. The District Debt Service Mill Levy allowable under the Service Plan shall not exceed fifty (50) mills, and the District Debt Service Mill Levy included in District Pledged Revenue under this Agreement shall not be less than forty (40) mills, unless a lower mill levy is approved by the Town; provided, however, that such rates may be adjusted to take into account legislative or constitutionally imposed adjustments in assessed values or their method of calculation so that, to the extent possible, the revenue produced by such District Debt Service Mill Levy is neither diminished nor enhanced as a result of such changes.

District Debt Service Mill Levy means that certain ad valorem property tax mill levy imposed by the District (subject to the limitations set forth in the Service Plan), which levy is pledged to and imposed for purposes of paying debt, which may include the Bonds.

District Debt Service Mill Levy means the property tax mill levy to be levied by the District pursuant to the District Bond Documents on the taxable property within the District for the purpose of paying the District’s debt.