Pledged Property Tax Revenues definition

Pledged Property Tax Revenues means seventy five percent (75%) of the Incremental Project Area Property Tax TIF Revenues.

Pledged Property Tax Revenues means the percentage share of Incremental Property Tax Revenues derived from the levy of Property Tax by those taxing bodies that levy ad valorem property taxes in the TIF Area as allocated by the Authority in accordance with the Urban Renewal Law and the Tax Increment Resolution, which revenues are pledged by the Authority to the payment of Eligible Costs in accordance with this Agreement; provided, however, that the Pass Through Incremental Property Tax Revenues are to be transferred by the Authority to the District and the Metropolitan Districts commencing as of the Effective Date (but solely if and to the extent of any such revenues being actually received by the Authority). The percentage share of Incremental Property Tax Revenues so pledged shall be one hundred percent (100%) of incremental property tax revenues from the District, one hundred percent (100%) of incremental property tax revenues from the Metropolitan Districts, one hundred percent (100%) of incremental property tax revenues from the Summit School District, one hundred percent of incremental property tax revenues from the Lake Dillon Fire Protection District, and one hundred percent (100%) of incremental property tax revenues from all other taxing bodies. Pledged Property Tax Revenues shall be based on Incremental Property Tax Revenues actually received by the Authority and net of any Summit County collection fees applied or owed.

Pledged Property Tax Revenues means, for each Fiscal Year, that portion of the ad valorem property taxes produced by the levies at the rates fixed each year by or for the governing bodies of the various taxing jurisdictions within or overlapping the Urban Renewal Project Area (but excluding ad valorem property taxes produced by Excluded Mill Levies) upon that portion of the valuation for assessment of all taxable property within the Urban Renewal Project Area

Examples of Pledged Property Tax Revenues in a sentence

• If c were not available, the first term would be replaced with another free parameter, making the statistical error somewhat larger.

• In the event the Pledged Property Tax Revenues exceed the Incremental Plan Area Property Tax Revenues available to the Authority for distribution to the District or the Developer in any year of the Term, that portion of the Pledged Property Tax Revenues not disbursed by the Authority to the District or the Developer during such year shall be included in the Pledged Property Tax Revenues until paid or until the expiration of the Term, whichever first occurs.

• Prior to the Initial Pledged Property Tax Revenues Payment Date, the Developer and/or the District shall provide to the Authority evidence of the actual amount of Eligible Costs.

• To the extent lawfully possible, the City will take no action that would have the effect of reducing tax collections that constitute Pledged Revenues for the Project.(c) The City agrees to pay to the Authority any Pledged Property Tax Revenues and any Pledged Sales Tax Revenues when, as and if received by the City, but which are due and owing to the Authority pursuant to the Urban Renewal Plan.

• The Developer and District acknowledge that the production of Pledged Property Tax Revenues is entirely dependent upon the actual and assessed value of the Project as determined by the Arapahoe County Assessor; the production of Pledged Sales Tax Revenues is entirely dependent upon the leasing and the success of the retail portion of the Project; and the production of Pledged Use Tax Revenues is entirely dependent upon the cost of materials used in the construction of the Project.

More Definitions of Pledged Property Tax Revenues

Pledged Property Tax Revenues means sixty five percent (65%) of the Incremental Project Area Property Tax Revenues.

Pledged Property Tax Revenues means the Property Tax Revenues in excess of the Property Tax Base Amount.

Pledged Property Tax Revenues means, for each Fiscal Year, that portion of the ad valorem property taxes produced by the levies at the rates fixed each year by or for the governing bodies of the various taxing jurisdictions within or overlapping the Urban Renewal Project Area (but excluding ad valorem property taxes produced by Excluded Mill Levies) upon that portion of the valuation for assessment of all taxable property within the Urban Renewal Project Area which is in excess of the Property Tax Base Amount; provided, however, that such amount shall be reduced by any lawful collection fee charged by the County. Section 1.03. Amendment to Schedule A to Annual Debt Service Coverage Certificates. Schedule A of the Annual Debt Service Coverage Certificate set forth in Exhibit D to the Original Loan Agreement is hereby amended to: (a) add another line item titled “Current Property Tax Base Amount for 144th Avenue GID” after the line item titled “144th Avenue GID Assessed Value;” and (b) add at the end of the line item titled “Projected Property Taxes--144th Avenue GID” the following: “(Net of Property Tax Base Amount)”. The resulting amended and restated Schedule A is set forth on Exhibit A to this Amendment No. 1.

Pledged Property Tax Revenues means the percentage share of Incremental Property Tax Revenues derived from the levy of Property Tax by those taxing bodies that levy ad valorem property taxes in the TIF Area as allocated by the Authority in accordance with the Urban Renewal Law and the Tax Increment Ordinance, which revenues are pledged by the Authority to the payment of Eligible Costs in accordance with this Agreement following achievement of the Initial Pledged Property Tax Revenues Payment Date; provided, however, that the Pass Through Incremental Property Tax Revenues are to be transferred by the Authority to the District and the Metropolitan District commencing as of the Effective Date (but solely if and to the extent of any such revenues being actually received by the Authority). The percentage share of Incremental

Pledged Property Tax Revenues means, for the relevant Fiscal Year, that portion of the ad valorem property taxes produced by the levies at the rates fixed each year by or for the governing bodies of the various taxing jurisdictions within or overlapping the Urban Renewal Project Area, but excluding ad valorem property taxes produced by any mill levy imposed by any special district formed after the Closing Date pursuant to Title 32, Article 1, Colorado Revised Statutes, which mill levy is in addition to, and not a replacement for, property taxes levied by taxing entities in existence as of the Closing Date, upon that portion of the valuation for assessment of all taxable property within the Urban Renewal Project Area which is in excess of the Property Tax Base Amount for each of the Counties; provided, however, that such amount shall be reduced by any lawful collection fee charged by the Counties.

Pledged Property Tax Revenues means that portion of ad valorem property taxes produced by the levy at the rates fixed each year by and for the County, upon that portion of the valuation for assessment of all taxable property within the Urban Renewal Area, as such boundaries exist on the date hereof, the amount of which is described in and pledged by the County in the County Tax Pledge Agreement (which amount excludes certain transfers of collected ad valorem taxes by the County, as provided in the County Tax Pledge Agreement); provided, however, that in the event of a general reassessment of the Urban Renewal Area, the valuation for assessment of taxable property within the Urban Renewal Area shall be proportionately adjusted in accordance with such general reassessment in the manner provided by the Act.

Pledged Property Tax Revenues means, for each Fiscal Year, the taxes (including all payments, reimbursement and subventions, if any, specifically attributable to the ad valorem taxes lost by reason of tax exemption and tax rate limitations) eligible for allocation to the Agency pursuant to the Law, as provided in the Redevelopment Plan; provided, however, that such amount shall be reduced by any lawful collection fee charged by the County.