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 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) xxxxx, and the District Debt Service Mill Levy included in District Pledged Revenue under this Agreement shall not be less than forty (40) xxxxx, 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 shall have the meaning set forth in the Indentures.
Examples of District Debt Service Mill Levy in a sentence
To the extent that the District Debt Service Mill Levy is imposed as required by a pledge from the District to pay the Bonds, as opposed to other bonds issued by the District, and such revenues are paid directly to the District, the District shall similarly pledge such revenues to the payment of the Bond Requirements.
All books, records and reports (except those allowed or required by applicable law to be kept confidential) in the possession of the District relating to the Project Area, the Public Improvements, the District Debt Service Mill Levy, the District Operations Mill Levy, the Funding Obligation, and the Bonds, including the books and accounts described herein, shall at all reasonable times be open to inspection by such accountants or other agents as the Authority may from time to time designate.
More Definitions of District Debt Service Mill Levy
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.
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 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 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: