Real Property Tax Revenues definition

Real Property Tax Revenues means the incremental increase in real property taxes within the North Project Area, determined in accordance with the Act and the North Project Plan.
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Real Property Tax Revenues means the revenues actually received by the Unified Government from the real property taxes levied by Wyandotte County and by the City of Kansas City, Kansas against those portions of the Project Site occupied by Developer from time to time.
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Real Property Tax Revenues means the incremental increase in real property taxes within the South Project Area, determined in accordance with the Act and the South Project Plan. All incremental increases in real property taxes assessed on the portions of the South Project Area other than the Hotel Project Site, to the extent such increases are caused by the Hotel Project or other activities that do not constitute a new project shall be considered Real Property Tax Revenues. Any increases in real property taxes caused by a new project in the South Project Area will not be included in the TIF fund without the City’s approval.
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Examples of Real Property Tax Revenues in a sentence

  • The 10-year term for Real Property Tax Revenues for the Project shall commence on January 1 of the year in which the County first fully appraises the completed project improvements for such Project, or upon such earlier date upon mutual agreement of the Unified Government and Developer.

  • The Unified Government shall have no obligation to reimburse Developer until Real Property Tax Revenues, as applicable, are available.

  • Notwithstanding any other term or provision of this Agreement, the Unified Government's obligation to reimburse the Developer for Reimbursable Project Costs shall be limited to available Real Property Tax Revenues and shall not be payable from any other source.

  • In no event shall the Unified Government make any reimbursements of Real Property Tax Revenues after such time.

  • Notwithstanding anything else set forth in this Agreement to the contrary, the Parties hereby agree that the reimbursements contemplated herein shall end on or before the date on which Developer is reimbursed with Real Property Tax Revenues for tax year 2030.

  • Though neither party has given the other any assurances or guarantees regarding the Real Property Tax Revenues or reimbursements to be paid pursuant to the terms of this Agreement, the parties hereby agree that the Reimbursable Project Costs Cap and the incentives set forth herein were based upon the estimated reimbursable project costs set forth in Exhibit F, attached hereto.

  • All disbursements of Real Property Tax Revenues shall be made only to reimburse Reimbursable Project Costs.

  • On a bi-annual basis, the Unified Government hereby agrees that Developer shall be reimbursed for its Reimbursable Project Costs solely from the Real Property Tax Revenues available at such time (the "Pay As You Go" method).


More Definitions of Real Property Tax Revenues

Real Property Tax Revenues means, for any given calendar year, an amount of money equal to the amount of all real property taxes levied and collected by the City on the Property, including any improvements thereon.
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Related to Real Property Tax Revenues

  • Property tax increment means the amount obtained by:

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Leased Real Property has the meaning set forth in Section 3.18(b).