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.
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Incremental Ad Valorem Revenues means all ad valorem revenues collected by the
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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.
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Related to Incremental Ad Valorem Revenues

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

  • New M&O Revenue means, with respect to any school year, the total State and local Maintenance and Operations Revenue that the District received, after all adjustments have been made to such Maintenance and Operations Revenue in accordance with the provisions of the Applicable School Finance Law for such school year.

  • Property tax increment means the amount obtained by:

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

  • 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.