Examples of Financing District in a sentence
Notwithstanding anything to the contrary in this Section, the provisions of this Section are not intended and shall not be construed as being applicable to the Route 20 Tax Increment Financing District or the so-called Property Tax Increment the City may receive as part of the Route 20 Tax Increment Financing District.
Developer shall make such payment to the City on or before December 1 of each year for each year of the remaining term of the Route 20 Tax Increment Financing District.
The City hereby confirms the creation and establishment of a segregated fund in the name of the City designated as the "Bath Iron Works Corporation Municipal Development Tax Increment Financing District Program Fund" (the "Development Program Fund") pursuant to, and in accordance with the terms and conditions of, the Development Program.
The term of the Route 20 Tax Increment Financing District shall be for twenty-three (23) years.
In the event the Route 20 Tax Increment Financing District is not established on or before December 31, 2004, then the Developer, upon written notice to the City, may elect to terminate this Agreement and thereupon, with the exception of Section 35 hereof, this Agreement shall be deemed cancelled and null and void and of no further force and effect and with no further liability of either party hereunder.