PILOT Revenues definition
PILOT Revenues means all revenue derived from the imposition and collection of the PILOT in accordance with the PILOT Covenant.
PILOT Revenues means the amount of the Southwest Waterfront PILOT Increment, as defined in section 101(22) of the Southwest Waterfront Bond Financing Act of 2008, passed on 2nd reading on July 15, 2008 (Enrolled version of Bill 17-591), paid or to be paid into the Southwest Waterfront Fund each fiscal year.
PILOT Revenues means all revenues derived from any PILOT relating to the Required ▇▇▇▇ ▇▇▇▇ imposed by any Taxing District, net of collection costs.
Examples of PILOT Revenues in a sentence
The District shall take all actions to enforce, and shall cooperate fully with the Trustee in enforcing, the rights to receive the PILOT Revenues and payments under the Authority Pledge Agreement, the Add-On PIF Covenants and the PIF Collection Agreement.
More Definitions of PILOT Revenues
PILOT Revenues means payments made in lieu of taxes on any Site. PILOT Revenues can only be used for {i) Initial Project Construction Costs . {defined below), {ii) the payment of debt service on bona fide debt or a portion thereof issued exclusively for Initial Project Construction Costs {"Debt Serviceu), and {iii) the repayment (without interest) of certain State Shortfall Support Payments (as defined below). "Initial Project Construction Costs" means costs for the following categories: (a} Project related public realm improvements which will be determined by ODC in consultation with the PRTF and PSADC; (b) Project related transit improvements, which were identified by MTA and set forth in the LMA Schedule 1 and which will be updated at the time the City and UDC enter the PILOT Agreement if additional information is availablee, provided any material changes to such agreement are approved by the PACB; (c) Penn Station reconstruction, which was identified by MTA and set forth in the LMA Schedule 1 and which will be updated at the time the City and UDC enter the PILOT Agreement if additional information is available , provided any
PILOT Revenues means Payment in Lieu of Taxes received by the District representing and accounted for as Ad Valorem Taxes.