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.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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 North Macadam Debt Service Fund.

Examples of Tax Increment Fund in a sentence

After all project costs of the Zone have been paid or at the time of the expiration of this Agreement, any funds remaining in the Tax Increment Fund following the final annual accounting by the City shall be paid to those taxing units participating in the Zone in proportion to each taxing unit’s share of the total amount of Tax Increment deposited into the Tax Increment Fund.
Furthermore, if the projects to be undertaken pursuant to the Project Plan are not undertaken, are discontinued, or are terminated, all monies remaining in the Tax Increment Fund after satisfaction of lawful claims, shall be paid to the participating taxing entities in proportion to their respective share of the total amount of Tax Increment deposited into the Tax Increment Fund derived from taxable real property in the Zone that were deposited in the Tax Increment.
The City shall have no obligation to reimburse Developer until funds are available in the Tax Increment Fund.
Until the Tax Increment Fund has reimbursed Developer for all Redevelopment Project Costs not also certified as TDD Costs, plus interest, all reimbursements from the Tax Increment Fund shall first be applied to accrued but unpaid interest in such Fund, and then to a reduction in the principal balance of Redevelopment Project Costs not also certified as TDD Costs, all as set forth in Section 6.01.
The City shall maintain a separate account for the Tax Increment Funds at a depository selected by the City, which Tax Increment Fund shall be secured in the manner prescribed by law for funds of Texas cities.

More Definitions of Tax Increment Fund

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

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 Hospital District, and

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 fund into which the Tax Increment is deposited by City and any Taxing Unit for the 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 account of such name established for the District pursuant to an ordinance enacted by the County.

Tax Increment Fund means the Tax Increment Fund created by the City for the Zone into which all Tax Increments shall be deposited by the City.