Tax Increment Fund definition

Tax Increment Fund means the fund maintained by the Redevelopment Authority into which are paid all Tax Increments and into which are deposited certain other revenues related to the Industrial Plaza of York District and the Project, and from which money is disbursed to pay Project Costs related to the District.

Tax Increment Fund means the fund which is established under ORS 457.440 to hold the Tax Increment Revenues.

Tax Increment Fund means the fund established under ORS 457.440(6)(b) to hold the Divide the Taxes Revenues, which is currently called the Interstate Corridor Debt Service Fund.

Examples of Tax Increment Fund in a sentence

• The City has established and will maintain a separate Tax Increment Fund in the City treasury into which Tax Increments attributable to the Zone shall be deposited.

• To the extent of available funds in the Tax Increment Fund (as further described in Article IV below) and subject to the limitations of this Agreement, the District shall assist the City by implementing the TIRZ Plan with respect to the District, including the financing and construction of the Projects and carrying out such other services related to the TIRZ as may be requested by the City Manager.

• During the term of this Agreement, Tax Increments shall be paid to the District from the Tax Increment Fund as herein provided.

• Upon termination of this Agreement and dissolution of the District and the Zone, title to all property funded with revenues from the Tax Increment Fund not previously conveyed to the City shall immediately vest in the City without the need for further action on the part of the City.

• The City, on behalf of itself and the Zone, will pay the District, not later than the first business day of each calendar quarter during the term of this Agreement, all monies then available in the Tax Increment Fund, subject to the retention by the City of an amount equal to the City’s direct administrative costs connected with the Zone and as provided in the TIRZ Plan, not to annually exceed five percent (5%) of each year’s annual Tax Increment Revenue.

More Definitions of Tax Increment Fund

Tax Increment Fund means that fund created by the City pursuant to Section 311.014 of the Act and Section 4 of City Ordinance No. 2089, which will be maintained by the City as a separate and individual account into which all revenues of the Zone will be deposited, including (i) deposits of Tax Increment by the City and by other taxing units with jurisdiction over real property in the Zone, including the County, and (ii) all accrued interest earned on the cash balance of the fund.

Tax Increment Fund means the fund into which the Tax Increment is deposited by City and any Taxing Unit for the Zone.

Tax Increment Fund means the fund established pursuant to Section 5.01 hereof.

Tax Increment Fund means the tax increment fund created by the City in the City Treasury for the Reinvestment Zone.

Tax Increment Fund means the special fund established by the City under ORS 457.440(6)(b) to hold the Tax Increment Revenues, which is currently called the Downtown Waterfront Debt Service Fund.

Tax Increment Fund means the Ninth & New Hampshire Tax Increment Fund, created pursuant to the Act and Section 6.01 hereof.

Tax Increment Fund means the account of such name established for the District pursuant to an ordinance enacted by the County.