Examples of LCRA Law in a sentence
The Redeveloper’s obligation to pay the base ad valorem taxes assessed against the Property by the Jackson County Assessor, as such taxes are abated in accordance with this Contract and the LCRA Law and any Tax Abatement Period PILOT required under Section 4.08, shall run with the land and shall be binding on the Redeveloper and its successors, assigns and subsequent owners of the Property.
The Tax Abatement Period PILOT payments as set forth above shall be in addition to the base ad valorem property taxes assessed against the Property in each year of the Tax Abatement Period that are not abated pursuant to the LCRA Law.
The Authority is a public body corporate and politic created by the LCRA Law and is transacting business and exercising the powers granted by the LCRA Law by virtue of Committee Substitute for Ordinance No. 16120, duly passed by the City Council on November 21, 1952.
If not defined in the LCRA Law, such terms shall be given their plain and ordinary meaning.
Notwithstanding anything in this Contract to the contrary, the procedure for tax abatement is set forth in Sections 99.700 to 99.715, RSMo, of the LCRA Law and the tax abatement provided by the Authority under this Contract shall be subject to and in accordance with the LCRA Law.
Words and phrases that are not capitalized shall have the meaning, if any, given to such words or phrases in the LCRA Law.
The Authority and the Redeveloper acknowledge that, pursuant to the LCRA Law, upon receipt of the Certificate of Qualification for Tax Abatement, the Jackson County Assessor will issue a statement as to the then current assessed valuation of the Property, which valuation shall be the maximum total assessed value of the Property.