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.