Tax Increment Payments definition

Tax Increment Payments means the payments from the City to the County as described in Section 3(c) of this Agreement.
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Tax Increment Payments means the payments from the County to the Developer described in Section 8.2 of this Agreement.
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Tax Increment Payments means, for each six month period ending on December 31st and June 30th, the amount, if any, equal to the lesser of the Debt Service Requirements and fifty percent (50%) of Tax Increment Revenues. Such Tax Increment Payments shall be paid to the District on or before September 15th and March 15th of each Fiscal Year (or if such days are not a Business Day, the next succeeding Business Day), based on Tax Increment Revenues collected for the six month period ending on the prior June 30th and December 31st, respectively, for such Fiscal Year. Such Tax Increment Payments shall commence on March 15, 2010 for Tax Increment Revenues collected for the period July 1, 2009 through December 31, 2009.
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Examples of Tax Increment Payments in a sentence

  • The City shall timely certify the Tax Increment Payments required by this Agreement as indebtedness under the Ordinance and Iowa Code Section 403.19, and utilize the Tax Increment received from the County pursuant to such certification to make the Tax Increment Payments as and to the extent set forth in this Agreement.

  • The right of non-appropriation reserved to the City in this Section is intended by the Parties, and shall be construed at all times, so as to ensure that the City’s obligation to make future Tax Increment Payments shall not constitute a legal indebtedness of the City within the meaning of any applicable constitutional or statutory debt limitation prior to the adoption of a budget which appropriates funds for the payment of that installment or amount.

  • The County waives its rights under this Agreement to receive any additional Tax Increment Payments from the City for that portion of the Development Property to be placed in the County’s ordinance.

  • Upon the receipt by the County of the Aggregate Maximum Amount of Tax Increment Payments (and other payments made under Section 3(c)(iv)) from the City, as reduced by any Property Sale Proceeds Credits and DSL Credits, the County shall, with the consent of the City, transfer the Development Property to the City, at no additional cost to the City and in a form acceptable to the City and County.

  • Memo re: Interlocal Agreement with the Lakeland Area Mass Transit District Granting Exemption from Tax Increment Payments to the Lakeland Community RedevelopmentAgencyApproved 6-0 VII.

  • Motion by Wichman, second by Schultz, to approve and authorize Board to sign Resolution No 98-2021 Setting a Date of Meeting at Which it is Proposed to Approve a Development Agreement with JJHP, LLC, Including Tax Increment Payments.

  • Failure of the trust or any member of the trust to comply with any portion of this rule or with the rules of practice and procedure of the division or of the Labor and Industrial Relations Commission of Missouri, or with an order or decision of the Division of Workers’ Compensation, or the Labor and Industrial Relations Commission or Court of Appeals within the time prescribed therein, may be considered prima facie cause for revocation.

  • Pursuant to the Current TIF Plan and this Development Agreement, the City, subject to annual appropriations, will first pay the Tax Increment toward the payment of Tax Increment Payments.

  • Colby and Ruth Colby National Development Trust, Authorizing Annual Appropriation Tax Increment Payments and Pledging Certain Tax Increment Revenues to the Payment of the Agreement: Motion by Mike Jones to approve Resolution No. 2021-39.

  • Resolution 2020-40 Approving Development Agreement with Van Meter Land Co., Authorizing Annual Appropriation Tax Increment Payments and Pledging Certain Tax Increment Revenues to the Payment of the Agreement Motion by Coyle to table the Resolution until a Special Meeting can be scheduled, or no later than the regularly scheduled business meeting of the City Council on July 13th, supported by Brott.


More Definitions of Tax Increment Payments

Tax Increment Payments means that amount of the Tax Increment that the County agrees to deposit annually to the Tax Increment Fund in accordance with the requirements of Section 2.1 of this Agreement, the Financing Plan, and the Zone Act.
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Related to Tax Increment Payments

  • Tax Increment means the difference between:

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Property tax increment means the amount obtained by:

  • Tax Increment District or "district" means that area to which the tax increment finance plan pertains.

  • Tax Increase means that portion of the annual real estate taxes assessed against the Premises (or the Entire Premise, if applicable), as calculated immediately following the Reassessment, that is attributable solely to the Reassessment. Accordingly, a Tax Increase shall not include any portion of the real estate taxes, as calculated immediately following the Reassessment, that is:

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Recovered tax increment value means, except as otherwise

  • Tax increment financing acts means 1975 PA 197, MCL 125.1651 to 125.1681, the tax increment finance authority act, 1980 PA 450, MCL 125.1801 to 125.1830, the local development financing act, 1986 PA 281, MCL 125.2151 to 125.2174, the brownfield redevelopment financing act, 1996 PA 381, MCL 125.2651 to 125.2672, or the corridor improvement authority act, 2005 PA 280, MCL 125.2871 to 125.2899.

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not

  • Final Tax Amount has the meaning set forth in Section 4.01(b)(ii).

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Scan increment means the amount of relative displacement of the patient with respect to the CT x-ray system between successive scans measured along the direction of such displacement.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Increment means twelve (12) months of service credit which are purchased. The

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • AHYDO Catch-Up Payment means any payment, including payments made on subordinated debt obligations, in each case to the extent such payment is necessary to avoid the application of Section 163(e)(5) of the Code.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero:

  • Delta Payment means as it is described in this Agreement.

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.