Examples of Tax Increment District in a sentence
The City may choose to decertify the Tax Increment District at an earlier date if the obligations of this Agreement have been met or an Event of Default causes the City to rescind or cancel this Agreement.
The Developer has proposed to construct the Project or have the Project constructed on Developer’s behalf, and in order to receive the substantial benefit of the Tax Increment District has requested that the City establish a schedule for the reimbursement of the Tax Increments.
The term of this Agreement and the requirements on the Developer set forth in this Agreement shall commence on the day and year first above written until the earlier of (i) the date this Agreement is terminated pursuant to Section 4.2 or Section 6.1, (ii) payment in full or expiration of the City’s Tax Increment Note, or (iii) the date of termination of the Tax Increment District.
The Tax Increment District shall exist no longer than through the collection, by the City, of the 2030 second half Tax Increments.