Divide the Taxes Revenues definition

Divide the Taxes Revenues means the taxes which are divided based on the increase in value of property in the Area and which are payable to the City or the Commission under the provisions of Article IX, Section 1c of the Oregon Constitution and ORS Chapter 457, as those provisions exist on the date the 2004 Series A Bonds are issued.
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Divide the Taxes Revenues means the taxes which are divided based on the increase in value of property in the Area and which are payable to the Agency under the provisions of Article IX, Section 1c of the Oregon Constitution and ORS Chapter 457, as those provisions exist on the date of this Master Borrowing Declaration. Divide the Taxes Revenues includes the impact of “sharing” as required by ORS Chapter 457.
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Examples of Divide the Taxes Revenues in a sentence

  • See “RISKS TO BONDHOLDERS – DECLINES IN PROPERTY TAX RATES.” The Divide the Taxes Revenues are subject to compression by Article XI, Section 11b of the Oregon Constitution, which may reduce actual collections of Divide the Taxes Revenues.

  • The Divide the Taxes Revenues may be reduced as a result of declines in Assessed Value of property in the Area due to market or other factors.

  • DIVIDE THE TAXES REVENUES AND INCREMENTAL ASSESSED VALUE The Divide the Taxes Revenues are calculated by multiplying the Incremental Assessed Value of an urban renewal area by the consolidated billing tax rate.

  • Similarly if a site has scored✓✓ this does not necessarily mean this site should be developed, as, for example, the site may be within the correct distances from schools but capacity may be limited at these schools.

  • The table shows that the City and the Commission expect to collect adequate Divide the Taxes Revenues to pay projected debt service over the planning period.

  • See “RISKS TO BONDHOLDERS – DECLINES IN ASSESSED VALUE OF PROPERTY IN THE AREA DUE TO MARKET FACTORS” and “RISKS TO BOND OWNERS – DECLINES IN ASSESSED VALUEOF PROPERTY DUE TO OTHER FACTORS.” The Divide the Taxes Revenues also could be reduced as a result of declines in property tax rates.

  • If the City does increase the Maximum Indebtedness for the Plan, subsequent increases in Incremental Assessed Value would be reduced by 25 percent until Divide the Taxes Revenues are equal to $33,500,000 (ten percent of the current Maximum Indebtedness of the Plan).

  • FUNDS AND ACCOUNTS The Tax Increment Fund ORS 457.440(6)(b) and the Bond Declaration require the City to deposit all Divide the Taxes Revenues into the Tax Increment Fund.

  • Laws in effect on the date of this Declaration do not permit the City or the Commission to refuse or limit collection of the Divide the Taxes Revenues.

  • The City or the Commission must approve budgets and notify the county assessors to collect the Divide the Taxes Revenues.

Related to Divide the Taxes Revenues

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located.

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Gross Revenue means all of the earnings and revenues received by the RECIPIENT from the maintenance and operation of the Utility and all earnings from the investment of money on deposit in the Loan Fund, except (i) Utility Local Improvement Districts (ULID) Assessments, (ii) government grants, (iii) RECIPIENT taxes, (iv) principal proceeds of bonds and other obligations, or (v) earnings or proceeds (A) from any investments in a trust, Defeasance, or escrow fund created to Defease or refund Utility obligations or (B) in an obligation redemption fund or account other than the Loan Fund until commingled with other earnings and revenues of the Utility or (C) held in a special account for the purpose of paying a rebate to the United States Government under the Internal Revenue Code.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • TIF Revenues means incremental ad valorem taxes generated by the Project which are allocated to and paid to the Authority pursuant to the Act.

  • Tax Fees means the aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s external auditor for tax compliance, tax advice and tax planning.