Increment revenue definition

Increment revenue means the amount calculated pursuant to s. 163.387(1).
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Increment revenue means the amount calculated pursuant to sub- section (5).
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Increment revenue means the amount calcu- lated pursuant to subsection (5).
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Examples of Increment revenue in a sentence

  • Calculation of total potential Additional Tax Revenues to both areas would amount to a total of $2.6M, well under what it could collect to pay for the Additional Tax Increment revenue approved projects funded by the Series 2005 Bonds.

  • The Developer shall use its best efforts to commence and complete construction in the most expeditious manner that will allow for the maximum development of the Project Site, and consequentially the maximization of potential Tax Increment revenue.

  • The Developer agrees and understands that the payment of the Series 2014 Note that provide the funds for the Project Costs Reimbursement Obligation is directly dependent upon the Developer’s success with respect to the Project in a manner that will generate sufficient Tax Increment revenue to pay the Series 2014 Note.

  • Increment revenue forecasts in an area of future concentrated ownership, such as the Redevelopment Area, are extremely vulnerable to imminent development, land amendment, permitting, or any other activity which can quickly change the content of the tax roll.

  • The municipality must return the excess increments to the overlying taxing jurisdictions in proportion to the amounts that belong to each taxing jurisdiction .• Increment revenue did not cover the project costs and the TID account has a deficit .

  • Nothing in this Agreement is intended to restrict either Party from being able to utilize its sixty-five percent (65%) share of the Property Tax Increment revenue and Sales and Use Tax Increment revenue as collateral or use in underwriting any bond, note, debenture, or other municipal borrowing.

  • The municipality must return the excess increments to the overlying taxing jurisdictions in proportion to the amounts that belong to each taxing jurisdiction.• Increment revenue did not cover the project costs and the TID account has a deficit.

  • The Special Assessment is contemplated to constitute a portion of the Tax Increment revenue and pledged to the repayment of the TIF Bonds.

  • The Developer agrees and understands that the payment of the TIF Bonds that provide the funds for the Project Site Improvements is directly dependent upon the Developer’s success with respect to the Project in a manner that will generate sufficient Tax Increment revenue to pay the TIF Bonds.

  • Stats.).Final Accounting Report must show either:• Increment revenue paid all project costs and the TID account has a surplus.


More Definitions of Increment revenue

Increment revenue means the amount calculated
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Increment revenue means the amount calculated annually pursuant to Section 163.387(1), Florida Statutes, and received by the City for any parcel of taxable property within Southern Grove.
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Increment revenue means the amount calculated pursuant to Section 163.387(1), Florida Statutes.
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Increment revenue means the amount calculated pursuant to Section 21.
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Increment revenue means the amount calculated pursuant to subsection (5).
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Related to Increment revenue

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Increment means the amount per annum provided as a rate of increase in the applicable salary payable to any eligible employee, which unless the context of the relevant approved pay range otherwise clearly indicates, may be granted annually on the applicable anniversary dates.

  • Tax Increment means the difference between:

  • Incremental Amount has the meaning specified in Section 2.14(a).

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.

  • Scan increment means the amount of relative displacement of the patient with respect to the CT x-ray system between successive scans measured along the direction of such displacement.

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

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

  • Property tax increment means the amount obtained by: