Excess TIF Revenues definition

Excess TIF Revenues means the TIF Revenues not needed to pay the debt service on the Series 2021 Bonds on the next February 1 or August 1.
Excess TIF Revenues means the amount of taxes paid on the project in excess of the amount of taxes that would be due on the Value guaranteed by the Developer pursuant to Section 4.1(6) for any year during the timeline indicated in Section 4.3(2) of this Agreement.
Excess TIF Revenues means the TIF Revenues not needed to pay the debt service on the Series 2022 Bonds on the next January 1 or July 1.

Examples of Excess TIF Revenues in a sentence

  • To the extent that Series 2022 Bond proceeds are not sufficient to fund the construction of the Projects and the Company has expended its own funds pursuant to the SEWER MAIN CONSTRUCTION Section 1 of the Development Agreement, the City will use Excess TIF Revenues to fund the Reimbursement Obligation.

  • To the extent that Series 2021 Bond proceeds are not sufficient to fund the construction of the Projects and the Company has expended its own funds pursuant to the SEWER MAIN CONSTRUCTION Section 1 of the Development Agreement, the City will use Excess TIF Revenues to fund the Reimbursement Obligation.

  • In addition to other issues addressed in these comments and recommendations, the APA identified the following concerns related to the Village of McCool Junction’s use of TIF funds:• Unknown Location of Bond• Excess TIF Revenues from Junction Motor Speedway Project• Incurrence of Debt Related to Farmer’s Cooperative TIF Project.• Lack of Bond Filing with APA Initially, the APA selected the Farmer’s Cooperative Project for examination.

  • If Developer achieves and maintains the Value of the Project as identified in Section 4.1(4)(a), (b), and (c), the City shall provide to Developer Ongoing City Support of 100% of the Excess TIF Revenues.

Related to Excess TIF Revenues

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

  • 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.

  • System Revenues means all rates, rents, fees, charges,

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”