TIF Account definition

TIF Account means a separate account within the Oskaloosa Urban Renewal Area Tax Increment Revenue Fund of the City in which there shall be deposited Tax Increments received by the City with respect to the Minimum Improvements and Development Property.
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TIF Account means the Brewery District Tax Increment Equivalent Fund established in Section 4 of the TCP Ordinance. "TIF Ordinance" means Ordinance 1786-00 adopted by the City Council of the Municipality on July 31,2000.
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Examples of TIF Account in a sentence

  • Any amount above the next Bond Payment Amount plus any Shortfall Reimbursement Amount shall be deposited into the Excess TIF Account.

  • The Allocation Fund shall include the following accounts: (1) an ▇▇ ▇▇▇▇ Account; and (2) an Excess TIF Account.

  • The Excess TIF Account may be used to redeem all or part of the ▇▇ ▇▇▇▇▇ if approved by the Redevelopment Commission, the Company, and the holder of the Bonds.

  • The City Bodies shall approve a TIF Pledge by the Redevelopment Commission of one hundred (100%) percent of the tax increment from the Allocation Areas of Area “B” and Area “C”, as shown on Exhibit D, to debt service for the ▇▇ ▇▇▇▇▇ and for payment into the Excess TIF Account for the term of the existence of the Allocation Areas or until the Bonds and the Shortfall Reimbursement Amount are paid in full, whichever first occurs.

  • The Redevelopment Commission shall be entitled to one hundred (100%) percent of funds that are deposited in the Excess TIF Account, which funds shall be made available to the City to use for any permissible purpose pursuant to Ind.

  • Each January 1 and July 1 during the Bond Term, all TIF Revenues in excess of the Bond Payment Amount and Shortfall Reimbursement Amount shall be transferred to the Excess TIF Account.

  • During the Term, the City and the Commission will keep, or cause to be kept, proper and current books and accounts in which complete and accurate entries shall be made of the County TIF Revenue received by the Commission and the City and the amounts deposited into and paid out from the County TIF Account.

  • The Economic Development Grants shall be payable from and secured solely and only by amounts deposited and held in the ▇▇▇▇▇▇ Trust TIF Account of the Bloomfield Urban Renewal Area #1 Urban Renewal Area Tax Increment Revenue Fund of City.

  • The Economic Development Grants shall be payable from and secured solely and only by amounts deposited and held in the Oskaloosa Gateway Hotel, LLC TIF Account of the Oskaloosa Urban Renewal Area Tax Increment Revenue Fund of the City.

  • Subject to reasonable notice, at the sole expense of the County, all such books and I 11111 accounts related to the County Revenue and the County TIF Account shall be open to inspection during normal business hours by such accountants or other agents as the County may from time to time designate.