Project Ordinance definition

Project Ordinance means the City’s Ordinance No. O-[ ], 2022.
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Project Ordinance means the Ordinance approved by the City Council which approves the Redevelopment Project and activates the collection of TIF Revenues in the Redevelopment Project Area.
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Project Ordinance has the meaning given such term in the Recitals.
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Examples of Project Ordinance in a sentence

  • Pursuant to the provisions of the Redevelopment Plan and the TIF Act, including, but not limited to, Section 99.845 thereof, when tax increment financing is established by the Project Ordinance, the Property is subject to assessment for annual Payments in Lieu of Taxes.

  • In order to implement the Redevelopment Schedule, City will endeavor to facilitate the timely passage of the Redevelopment Project Ordinance referred to in Section 4.B. hereof.

  • It is recommended that the City Council adopt an ordinance amending the General Capital Improvement Project Ordinance, Fiscal Year 2015-16, as amended, the same being Ordinance # 14778, for the purpose of receiving the federal funds.

  • Within ninety (90) days after adoption of the Project Ordinance, the City shall use Best Efforts to provide to the Developer a certification of the County Assessor’s calculation of the Total Initial Equalized Assessed Valuation of the taxable real property within the Redevelopment Project Area based upon the most recent equalized assessed valuation of each taxable lot, block, tract, or parcel of real property within the Redevelopment Project Area.

  • Developer shall render such reasonable aid and assistance as requested by City to insure favorable consideration of any such Redevelopment Project Ordinance by the City Council.

  • If a Tenant is relocated within one year after approval of the Project Ordinance from another location within the limits of the County to the Redevelopment Project Area, the sales tax base for such Tenant shall be transferred to the location of the Tenant within the Redevelopment Project Area and shall be treated as sales which occurred in the Redevelopment Project Area in the year before the year in which the Project Ordinance was approved.

  • After all Developer Reimbursable Project Costs have been paid, but not later than twenty-three (23) years from the adoption of the Project Ordinance, the portions of this Agreement relating only to the TIF Act shall terminate and Developer shall not be entitled to receive any further disbursements from the Special Allocation Fund.

  • After all Reimbursable Project Costs have been paid, but not later than twenty-three (23) years from the last adoption of a Redevelopment Project Ordinance, City shall adopt an Ordinance dissolving the Special Allocation Fund and terminating the designation of the Redevelopment Area as a redevelopment area under the TIF Act (the "Termination Ordinance").

  • Developer shall render such reasonable aid and assistance as requested by City to insure favorable consideration of the Redevelopment Project Ordinance by the City Council.

  • Beginning two (2) years after the City’s adoption of the Project Ordinance, one anchor Tenant that operates a grocery store.

Related to Project Ordinance

  • Assessment Ordinance means an ordinance adopted by a local entity under

  • Bond Ordinance means this ordinance authorizing the issuance of the Bonds.

  • the Ordinance means the Companies Ordinance (Cap. 32 of the Laws of Hong Kong), and includes every other Ordinance incorporated therewith or substituted therefor; and in the case of any such substitution the references in these Articles to the provisions of the Ordinance shall be read as references to the provisions substituted therefor in the new Ordinance;

  • Insurance Ordinance means the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong).

  • Tax Ordinance means the Israeli Income Tax Ordinance [New Version], 1961, as amended, and any regulations, rules, orders or procedures promulgated thereunder.