Redevelopment Trust Fund definition

Redevelopment Trust Fund or "trust fund" means the redevelopment trust fund hereby created pursuant to the requirements of the Act and this chapter. (as added by Ord. #2010-016, Nov. 2010)

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Redevelopment Trust Fund means the redevelopment trust fund established for the Agency under Section 163.387, Florida Statutes, and various ordinances of the City.

Redevelopment Trust Fund means the Agency’s Downtown Trust Fund for the Area created and established pursuant to Section 163.387, Florida Statutes, by Ordinance No: 2426 of the City and codified in Section 2-54 of the City’s Code of Ordinances, in which the Increment Revenues are deposited.

Examples of Redevelopment Trust Fund in a sentence

Subject to Section 4 hereof, the Community Redevelopment Agency does hereby authorize and consent to the exercise of full and complete control and custody of the Redevelopment Trust Fund, and any and all moneys therein, by the City for the purpose provided in the Resolution and this Agreement, including payment of the CRA Obligations.
Amounts on deposit in the Redevelopment Trust Fund are not pledged as security for the Series 2002 Bonds.
Because the Redevelopment Trust Fund is public funds, public access to the project records must be available.
As contemplated in the Interlocal Agreement and to the extent available in the Redevelopment Trust Fund, the City will consider any Bond Payment Obligations which are due in the first quarter of the subsequent Bond Year to be an encumbrance on Tax Increment Revenues before the calculation of the redistribution to the Taxing Authorities of excess Tax Increment Revenues on deposit in the Redevelopment Trust Fund.
Such termination may become a consideration in any future funding award from the Redevelopment Trust Fund to the PROJECT SPONSOR.
The CRA agrees that all Tax Increment Revenues shall, in accordance with Part III of Chapter 163, Florida Statutes, as amended, be deposited or caused to be deposited in the Redevelopment Trust Fund immediately upon receipt.
Funds awarded by SARTA are to be used according to the intent of SARTA bylaws and for the purposes, objectives, and procedures of the Redevelopment Trust Fund.
The CRA has covenanted in the Indenture that it will deposit into the Revenue Fund created under the Indenture all of the moneys received from the Taxing Authorities and deposited into the Redevelopment Trust Fund.
In the event the City Manager or his/her designee determines that during redevelopment, Owner has failed to comply with the City codes, or that Owner is in non-performance of the terms of the Redevelopment Agreement, Trustee will terminate the Redevelopment Agreement, make no further distribution of trust funds to Owner, and dissolve the Redevelopment Trust Fund after first distributing the remaining trust funds to the CRA for use with the redevelopment of other properties in the CRA district.
Once tax increment bonds have been issued, the Tax Increment Revenues shall continue to be deposited in the Redevelopment Trust Fund.

More Definitions of Redevelopment Trust Fund

Redevelopment Trust Fund means the Community Redevelopment Trust Fund for the Interchange Redevelopment Area created pursuant to an ordinance enacted by the City on June 19, 1995, into which are deposited all Tax Increment Revenues and any investment earnings thereon.

Redevelopment Trust Fund means the community redevelopment trust fund established by Ordinance No. 87-8 enacted by the City on July 2, 1985, as amended and supplemented.

Redevelopment Trust Fund means the Southeast Overtown/Park West Community Redevelopment Trust Fund authorized by the Interlocal Agreement and established by Ordinance No. 82-115, enacted by the County Commissioners on December 21, 1982, Ordinance No. 9590, enacted by the City Commission on April 6, 1983 and Ordinance No. 10018 enacted by the City Commission on July 18, 1985, into which Tax Increment Revenues are deposited for repayment of debt service on the Bonds and authorized uses.

Redevelopment Trust Fund means the Harden/Parkway Community Redevelopment Trust Fund established by the County pursuant to Ordinance No. 04-12 and adopted on March 3, 2004, in which all Increment Revenues and investment earnings thereon are to be deposited upon their receipt.