Tax Increments definition

Tax Increments means the tax increments derived from the Redevelopment TIF District which have been received and retained by the Authority in accordance with the provisions of the TIF Act, including without limitation Minnesota Statutes, Section 469.177.

Tax Increments means the property tax revenues from the Development Property divided and made available to the City under the provisions of Iowa Code Section 403.19 and the Ordinance.

Tax Increments means the property tax revenues from property in the Area made available to the City for deposit in the Oskaloosa Urban Renewal Area Tax Increment Revenue Fund under the provisions of Section 403.19 of the Code, as amended, and the Ordinance. Termination Date means the date of termination of this Agreement, as established in Section 12.8 of this Agreement.

Examples of Tax Increments in a sentence

• For example, if no Housing Units are sold as LMI-affordable units and the percentage of LMI Families in Mahaska County is 38.88%, the LMI requirements of Chapter 403 require that 38.88% of the Tax Increments collected be placed in a fund for LMI housing assistance and the Developer would receive 100% of the Tax Increments remaining after the LMI set-aside, or 61.12% of the originally collected Tax Increments.

• The City makes no representation with respect to the amounts that may finally be paid to the Developer as Economic Development Grants, and under no circumstances shall the City in any manner be liable to the Developer so long as the City timely applies the Tax Increments actually collected and held in the Xxxxx, X.X. TIF Account (regardless of the amounts thereof) to the payment of the Economic Development Grants to the Developer, as and to the extent described in this Article.

• Subject to the terms of this Article VIII, the City shall be free to use any and all available Tax Increments in excess of the stated aggregate maximum of the Economic Development Grants or resulting from the suspension or termination of the Economic Development Grants, for any purpose for which the Tax Increments may lawfully be used pursuant to the provisions of the Urban Renewal Act, and the City shall have no obligations to the Developer with respect to the use thereof.

More Definitions of Tax Increments

Tax Increments means the tax increments derived from the Tax Increment District created in accordance with the provisions of Minnesota Statutes, section 469.177;

Tax Increments means the tax increments derived from the TIF District and the improvements thereon which have been received and retained by the EDA in accordance with Minnesota law, as amended from time to time, including without limitation the provisions of Minnesota Statutes, Section 469.177; TIF Act means Minnesota Statutes, Sections 469.174 through 469.1794, as amended; TIF Plan means the tax increment financing plan approved for the TIF District; Title Company means Commercial Partners Title, or other title company designated by Developer;

Tax Increments means increments, as defined in Minnesota Statutes, Section 469.174 subdivision 25, clause (1), as the same may be amended, from the Tax Increment District.

Tax Increments means the property tax revenues derived from the assessed value (after rollback) of the Minimum Improvements and Development Property in excess of the Development Property’s January 1, 2019 assessed value (after rollback) of $391,550, and divided and made available to the City for deposit in the Oskaloosa Gateway Hotel, LLC TIF Account of the Oskaloosa Urban Renewal Area Tax Increment Revenue Fund.

Tax Increments means the property tax revenues on the Minimum Improvements divided and made available to the City for deposit in the Xxxxxx Trust TIF Account of the Bloomfield Urban Renewal Area #1 Urban Renewal Tax Increment Revenue Fund under the provisions of Section 403.19 of the Code, as amended, and the Ordinance. Tenant means Xxxx Xxxxxx LLC, and each assignee that assumes in writing all of the obligations of the Tenant under this Agreement with the written consent of the City to the extent required by Section

Tax Increments means the tax increments derived solely from Development Property located within the Tax Increment District No. 33-1 created in accordance with the provisions of Minn. Stat. §469.177;

Tax Increments means, with respect to each Taxing Unit in each year, the amount of property taxes levied by the Taxing Unit for that year on the Captured Appraised Value of real property taxable by the Taxing Unit and located in TIRZ Five that are deposited to the Tax Increment Fund.