TIF Bonds definition
Examples of TIF Bonds in a sentence
The Redevelopment Agreement provides for City support for the Project through grants to Redeveloper, funded through the issuance of TIF Bonds.
The TIF Bonds are to be repaid with tax increment revenue generated by the Ad Valorem Tax Provision in accordance with the terms of the Redevelopment Agreement and the Nebraska Community Development Law.
Payment of principal and interest due on the TIF Bonds will be paid from available TIF Revenues.
The proceeds of any such TIF Bonds (if issued) shall be utilized for the Project Costs.
The Developer acknowledges and agrees that no money or credit of the City is available to fund the purchase price of the Parking Facility other than proceeds available from the TIF Bonds and the Parking Facility Revenue Bonds and if the City is not able to issue such TIF Bonds and Parking Facility Revenue Bonds in the amount of such purchase price, the City will be unable to pay such purchase price.