Examples of TIF Act in a sentence
Developer acknowledges that the real estate tax abatement ordinarily available within the Enterprise Zone in not available within the boundaries of any parcel located within a redevelopment project area created under authority of the TIF Act, including, without limitation, the Camp Street TIF District.
As an incentive for developing and constructing the Project as provided in this Agreement, the Developer will be entitled to reimbursement of eligible redevelopment project costs that are incurred by the Developer and meet the requirement of the TIF Act that are available by virtue of the location of the Project Site within the Camp Street TIF District, as defined in the TIF Act and set forth in attached Exhibit “B” (the “Development Incentive”).