Tax Increment Financing Act means Minnesota Statutes, Section 469.174-469.1799, as amended, or any successor statutes applicable to the District.
Tax Increment Financing Act or “TIF Act” means Minnesota Statutes, sections 469.174 through 469.1799, as amended.
Tax Increment Financing Act or “TIF Act” means Minnesota Statutes, sections
Examples of Tax Increment Financing Act in a sentence
The City created Tax Increment Financing District No. 8 (“TIF District”) and established a tax increment financing plan for the TIF District (“TIF Plan”) pursuant to the authority granted the City under the Minnesota Tax Increment Financing Act (“TIF Act”).
More Definitions of Tax Increment Financing Act
Tax Increment Financing Act means Minnesota Statutes, Section 469.174-469.1799, as amended, or any successor statutes applicable to the District.On each Payment Date, the City shall pay the Developer an installment equal to the lesser of (i) the Available Tax Increment for the annual period preceding the Payment Date; or (ii) the amount necessary to pay the accrued unpaid interest and the unpaid principal amount of this Note in full. If, after issuance of the Certificate of Completion, the Developer is in default under the Contract, and, after notice by the City to the Developer as provided in Article IX of the Contract, such default has not been cured within the time period provided in the Contract (an “Event of Default”), then the City may suspend payment on this Note until the Event of Default is cured or the City’s obligations under this Note are terminated. If payments are suspended due to an Event of Default under the Contract, the City is not obligated to pay to the Developer the amount of the suspended payments that would otherwise have been paid to the Developer between the date the payment is suspended and the date the Event of Default is cured. If the Developer fails to pay all or a portion of the property taxes due and owing on the Property, then upon such failure to pay, no interest as required by this Note shall accrue during the period in which the property taxes were due but not paid.
Tax Increment Financing Act means the statutory provisions of Minnesota Statutes, Sections
Tax Increment Financing Act means the statutory provisions of Minnesota Statutes, Section
Tax Increment Financing Act means Minnesota Statutes, Section 469.174-469.1799, as amended, or any successor statutes applicable to the District. On each Payment Date, the City shall pay the Developer an installment equal to the lesser of