Incremental Ad Valorem Revenues definition

Incremental Ad Valorem Revenues are the ad valorem tax increment revenues generated and apportioned as incremental revenue within TIF 5, including, without limitation, the PILOT Payments as set forth in Section 4.08(c)(i), and “Incremental Sales Tax Revenues” are the sales and use tax increment revenues generated and apportioned as incremental revenue within TIF 4. TIF Revenues allocated for the Public Assistance shall not exceed the amount designated for Assistance in Development Financing pursuant to the Project Plan. Leverage Act Funds allocated for Public Assistance are not subject to the Project Plan’s Assistance in Development Financing limitations.
Sample 1Sample 2Sample 3
Incremental Ad Valorem Revenues means all ad valorem revenues collected by the City from the Development Property starting in Fiscal Year 2024 (the “Base Year”) and annually thereafter that are in excess of the ad valorem revenues collected by the City from the Development Property in Fiscal Year 2023.
Sample 1

Related to Incremental Ad Valorem Revenues

  • Month means calendar month.

  • VAT means value added tax in accordance with the provisions of the Value Added Tax Act 1994.

  • Contract price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • rand value means the total estimated value of a contract in Rand, calculated at the time of bid invitation, and includes all applicable taxes;

  • Fiscal Year means the fiscal year of the Company.

  • comparative price means the price after the factors of a non-firm price and all unconditional discounts that can be utilized have been taken into consideration;

  • The Contract Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • Taxes means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • financial year means a year commencing on and including the 1st day of July;

  • Commencement Date means the date of this Agreement;

  • Delivery into consignees store or to his site means delivered and unloaded in the specified store or depot or on the specified site in compliance with the conditions of the contract or order, the supplier bearing all risks and charges involved until the supplies are so delivered and a valid receipt is obtained.

  • Federal Fiscal Year means the period beginning October 1 and ending September 30 each year, which is the annual accounting period for the United States government.

  • State Fiscal Year means the period beginning September 1 and ending August 31 each year, which is the annual accounting period for the State of Texas.

  • Working Day means a day (other than a Saturday or Sunday) on which banks are open for general business in the City of London.

  • Week means seven consecutive days.

  • Facility means the entire operation located on the property where the Equipment is located;

  • Relevant Period means the period from the passing of this resolution until whichever is the earliest of:

  • Effective Date has the meaning set forth in the preamble.

  • Fair Market Value means, as of any date, the value of Common Stock determined as follows:

  • tender for income-generating contracts means a written offer in the form determined by an organ of state in response to an invitation for the origination of income-generating contracts through any method envisaged in legislation that will result in a legal agreement between the organ of state and a third party that produces revenue for the organ of state, and includes, but is not limited to, leasing and disposal of assets and concession contracts, excluding direct sales and disposal of assets through public auctions; and

  • Closing Date has the meaning set forth in Section 2.2.

  • Interest Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date.

  • Premises means the location where the Services are to be supplied, as set out in the Specification.