Property Tax Increment Revenues definition

Property Tax Increment Revenues means all the TIF revenues derived from ad valorem property tax levies described in §31-25-107(9)(a)(II) of the Act allocated to the Special Fund for the Duration of the Urban Renewal Project.

Property Tax Increment Revenues means the incremental property tax revenues from the real property within the Urban Renewal Plan Area derived from ad valorem property tax levies described in C.R.S. § 31-25-107(9)(a)(II) allocated to the Special Fund for the Urban Renewal Project.

Property Tax Increment Revenues means the incremental property tax revenues from the Property derived from ad valorem property tax levies described in C.R.S. § 31-25- 107(9)(a)(II) allocated to the Special Fund for the Urban Renewal Project.

Examples of Property Tax Increment Revenues in a sentence

• Notwithstanding any other provision of law, revenues excluded by §31- 25-107(9)(a)(II) of the Act are not intended to be included in Available Property Tax Increment Revenues.

• The creation, perfection, enforcement and priority of the pledge of the Available Property Tax Increment Revenues as provided herein shall be governed by §11-57-208, C.R.S. The lien of such pledge on the Available Property Tax Increment Revenues shall have priority over any and all other obligations and liabilities of the Authority with respect to the Available Property Tax Increment Revenues.

• Such Available Property Tax Increment Revenues are and shall be subject to the lien of such pledge for the Duration of the Project without any physical delivery, filing, or further act.

• In compliance with the requirements of HB 15-1348 and SB 18-248, the Parties have negotiated and agreed to the sharing of Property Tax Increment Revenues as set forth herein.

• All moneys on deposit in the Special Fund, and any other Pledged Property Tax Increment Revenues or Pledged Sales Tax Increment Revenues received by the Authority, will be remitted to the District Bond Trustee in accordance with the terms and provisions of the District Bond Indenture so long as any District Bonds remain outstanding.

More Definitions of Property Tax Increment Revenues

Property Tax Increment Revenues means all the TIF revenues derived from ad valorem property tax levies described in §31-25-107(9)(a)(II) of the Act allocated to the Special Fund for the Duration.

Property Tax Increment Revenues means the ad valorem property tax revenues collected on the Incremental Valuation of all taxable property located within the Property.

Property Tax Increment Revenues means the ad valorem property tax revenues collected on the Incremental Valuation of all taxable property located within the Property. Any limitation or procedure for the disbursement of Property Tax TIF funds elsewhere in this Agreement shall not apply to the District Operating Mill Levy Tax Increment Revenues, the disbursement of which shall be governed solely by this Section 3.4 and any subsequent writing executed by the District and the Authority. DEVELOPMENT OF THE PROPERTY Improvements. Development of the Property may occur in phases (each a “Phase”) as set forth in the Concept Plan. Development will consist of (i) the Private Improvements, which shall consist of the commercial uses more particularly described in the Concept Plan, and (ii) the District Improvements on the Property (collectively, the “Improvements”). Development shall take place as depicted on the Concept Plan, as updated and completed by agreement of the Parties, and as contemplated in any development plan approved as provided in this Agreement (each a “Development Plan”), the Operating Plan and the provisions of this Agreement, as applicable.

Property Tax Increment Revenues means all of the TIF revenues described in§31-25-107(9)(a)(II) of the Act allocated to the Special Fund for the Duration of the Urban Renewal Project.

Property Tax Increment Revenues means all TIF revenues described in Section 31-25-107(9)(a)(II) of the Act allocated to the Special Fund throughout the Duration.

Property Tax Increment Revenues means the annual ad valorem property tax revenue received by the Authority from the Larimer County Treasurer in excess of the amount produced by the levy of those taxing bodies that levy property taxes against the Property Tax Base Amount in the Urban Renewal Area in accordance with the Act and the regulations of the Property Tax Administrator of the State of Colorado, but not including any offsets collected by the Larimer County Treasurer for return of overpayments or any reserve funds retained by the Authority for such purposes in accordance with Sections 31-25-107(9)(a)(III) and (b) of the Act, and credited to the Special Fund.

Property Tax Increment Revenues means the net TIF Revenues described in §31- 25-107(9)(a)(II) of the Act allocated to the Special Fund to the extent, pursuant to, and in accordance with this Agreement and any other agreement with a public body that levies a tax within the Urban Renewal Area for the Duration of the Urban Renewal Project. The Property Tax Increment Revenues shall not include those TIF Revenues received by the Authority that are subsequently, pursuant to agreement, remitted to a public body that levies a tax within the Urban Renewal Area.