TIF Agreement definition

TIF Agreement means an agreement between the Corporation and a Developer, under which, in exchange for the benefits of the funding derived from qualification under the Act and these Rules, the Developer agrees to perform any work or undertaking necessary for a Qualified Development Project, including the clearance, development or redevelopment, construction, or rehabilitation of any structure or improvement of commercial, industrial, or residential property; public infrastructure; preexisting municipally-owned stadium of 10,000 seats or greater; or utilities within a Qualifying TIF Area.

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TIF Agreement means an agreement between the commerce corporation and a

TIF Agreement means an agreement between the Tenant and any governmental authority responsible for implementing TIF in the jurisdiction where the Premises are located, pursuant to which the Tenant is entitled to receive TIF proceeds.

Examples of TIF Agreement in a sentence

The Assessor shall remit to the Company annually, by December 31st, a statement of the amount of the exemption for each fiscal year of this TIF Agreement.
The Developer and its surety are responsible for any amount necessary to perform those obligations in excess of the City Contribution set forth in the TIF Agreement.
The City and the Developer each acknowledge and agree that in fulfilling its obligations under this Agreement and under the TIF Agreement, the Developer acts as an independent contractor of the City and not as an agent of the City.
Landlord and Tenant acknowledge that there is a Tax Increment Financing Agreement by and between the City of Marlborough and BNP Leasing Corporation dated January 31, 1997, as amended by an Agreement by and between the City of Marlborough and 3Com Corporation dated February 25, 2002, concerning the Property (the "TIF Agreement").
Except as otherwise provided in this Agreement, in the event of any default in or breach of this Agreement or the TIF Agreement, or any of its terms or conditions, by either Party, such Party will, upon written notice from the other, proceed promptly to cure or remedy such default or breach, and, in any event, within thirty (30) days after receipt of such notice.

More Definitions of TIF Agreement

TIF Agreement meanss that certain Amended and Restated Tax Increment Financing Agreement dated as of November 2004, by and among the City, MORSO Holding Co. and Distribution Land Corp., as the same may be amended, restated, replaced, supplemented, or otherwise modified from time to time.

TIF Agreement is hereby deleted from the Contribution Agreement, and Exhibit "TIF Agreement" attached hereto and made a part hereof, is hereby attached to and made part of the Contribution Agreement as Exhibit "TIF Agreement".

TIF Agreement means the Development Agreement by and between the City and the Developer dated [ ], 2015.

TIF Agreement shall have the meaning set forth in Section 5.8.

TIF Agreement has the meaning ascribed to said term in Section 5.3.

TIF Agreement means the Agreement to be entered between the City and Developer and satisfactory to the City establishing and/or describing the TIF Base Value, the TIF Exemption Period, the TIF Exemption, the TIF Fund, the TIF Improvements, and the TIF Service Payments. The TIF Agreement will describe the scope of funding of improvements from the TIF and the process for the same.

TIF Agreement means the TIF Agreement, dated as of December 20, 2002, between the Series 2010A Contracting Party and Forest Bay, as successor to Lower Euclid Avenue LLC.