Examples of Taxing Agencies in a sentence
Developer acknowledges that, under existing law (including the IFD Act), the Subordination Request must be undertaken in connection with the formation of an IFD and would take the form of a conditional allocation of Increment by the Other Taxing Agencies.
For each IFD, the IFP will provide that, at the request of Developer, the IFD will submit a Subordination Request to each of the Other Taxing Agencies at least ninety (90) days prior to the date proposed for delivery of a preliminary official statement for any IFD Debt.
Promptly following the effective date of this Agreement, the Taxing Agencies shall take all action necessary to cause the extension of the term of the Zone, including obtaining approvals required from other governmental bodies and agencies, including without limitation the Illinois Department of Commerce and Economic Opportunity, the Illinois State Enterprise Zone Board, and, as the case may be, the Illinois General Assembly.
Subject to the maximum deadlines set forth in Section 7.4 below, the first assessment year in which the Taxing Agencies shall begin abating their property taxes pursuant to Section 7.1 for each parcel (Building Parcel A, Building Parcel B, or Building Parcel C) shall be the calendar year in which the first occupancy permit is issued for that parcel if the occupancy permit is issued prior to May 1st of the calendar year.
You agree to make and maintain payments and continue to file returns as required by any agreements, settlements, and/or compromises that are made with the Taxing Agencies involved in your case, or as is required by law.
The Taxing Agencies will not oppose any intervention petition by Developer in any suit or action in which the procedural or substantive sufficiency of approvals relating to, or the enforceability of, this Agreement is at issue.
The Taxing Agencies shall defend against any challenges relating to the procedural or substantive sufficiency of any approvals of, or relating to the enforceability of, this Agreement.
Once the tax abatement commences for a parcel, the Taxing Agencies shall annually continue to xxxxx their property taxes pursuant to Section 7.1 for each subsequent tax year until the tax abatement has been applied annually for a total of 15 property tax assessment years.
The Parties agree to take such actions, including the execution and delivery of such documents, instruments, petitions and certifications (and, in the case of the Taxing Agencies, the adoption of such ordinances and resolutions), as may be necessary or appropriate, from time to time, to carry out the terms, provisions and intent of this Agreement and to aid and assist each other in carrying out said terms, provisions and intent.
The Taxing Agencies represent and warrant that all notices, meetings, and hearings required by law have been properly given and held by the Taxing Agencies with respect to the approval of this Agreement, and the Taxing Agencies agree not to challenge such approval on the grounds of any procedural infirmity or any denial of any procedural right in connection with this Agreement.