TIF Eligible Costs definition

TIF Eligible Costs means all TIF District project costs which are eligible for payment from TIF Bonds proceeds or reimbursement from Excess TIF Funds under the TIF Act and including but not limited to the Internal Infrastructure Improvements costs, the Site Preparation Costs, and costs of the ▇▇▇▇ ▇▇▇▇▇▇ Improvements.

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TIF Eligible Costs means the “redevelopment project costs” as defined in the TIF Act for the City Project and approved in the TIF Project Plan by the City and described in this Agreement.

TIF Eligible Costs means Project Costs described in the TIF column of the Total Project Budget attached hereto as Exhibit H, subject to the eligibility requirements under the TIF Act as set forth in Section 4.4(a)(iv).

Examples of TIF Eligible Costs in a sentence

Pay-as-you-go Financing of Additional TIF Eligible Costs 14 Section 6.05.
The estimated amount of TIF Eligible Costs which will be reimbursed from Tax Increment Funds is $317,170.00 and Developer shall be allowed reimbursement of all TIF Eligible Costs up to 110% of this amount (the “TIF Eligible Costs Cap”).
The City shall approve the Certificate of Expenditures and promptly reimburse the Developer as described in Sections 8.1 and 8.2 when: (1) the TIF Eligible Costs sought to be reimbursed are reasonably itemized; and (2) evidence adequately demonstrates that Developer has paid the TIF Eligible Costs for which reimbursement is requested.
This Agreement specifies the rights, duties and obligations of the City and Developer with respect to constructing or reconstructing the Project and the payment of CID Eligible Costs and TIF Eligible Costs.
The term of this Agreement shall commence upon the date of this Agreement and, unless terminated sooner as provided in this Agreement, shall end on the date that all of the following have occurred: all TIF Eligible Costs have been paid from the Tax Increment Funds, subject to the requirements and limitations set forth in Section 8, or 20 years after the date the ordinance approving the Project Plan was approved.
After the bond obligations are paid off, providing that the bond obligations are paid off by the tax increment prior to the expiration of the term of this Agreement, fifty percent (50%) of all of the tax increment generated by the Redevelopment Site after the bond obligations are retired and during the remaining term of this Agreement will be distributed to the Developer for TIF Eligible Costs incurred and documented by the Developer as provided herein up to a maximum reimbursement amount of $16,000,000.
The TIF Proceeds shall be used to pay or reimburse the UG for the TIF Eligible Costs (as defined below) paid for by the UG Contribution, plus Interest, subject to the limitations in the TIF Act.
Developer shall submit to the City a Certificate of Expenditures in the form attached as Exhibit F setting forth the amount for which payment is sought and an itemized listing of the TIF Eligible Costs.
The City may finance TIF Eligible Costs for Park Improvements from its own funds, subject to reimbursement from Tax Increment Funds or may provide for the issuance of TIF Bonds.
Financing and interest costs of that part of a Loan allocable to TIF Eligible Costs, reimbursed to Developer shall not be subject to the TIF Eligible Costs Cap.

More Definitions of TIF Eligible Costs

TIF Eligible Costs means all TIF District project costs which are eligible for payment from TIF Bonds proceeds under the TIF Act and are identified in the Project Budget, including but not limited to: site preparation and drainage related facilities, utility relocations and extensions, multilevel parking facilities, water mains and extensions, plazas, sidewalks, street grading, paving, curbing, guttering, surfacing, street light fixtures, connection and facilities, landscaping and landscape lighting, plantings, fountains, shelters, benches, sculptures, lighting, decorations and similar amenities, related expenses to redevelop and finance the development, including fees paid to financial advisors, architects, engineers, attorneys, and accountants, including City Expenses related to the TIF District.

TIF Eligible Costs means all Phase 3 Project costs incurred after the Effective Date of this Agreement which are eligible for reimbursement under the TIF Act, including but not limited to: site preparation, utility relocations, multilevel parking facilities, water mains and extensions, plazas, sidewalks, street grading, paving, curbing, guttering, surfacing, street light fixtures, connection and facilities, landscaping and plantings, fountains, shelters, benches, sculptures, lighting, decorations and similar amenities, related expenses to redevelop and finance the redevelopment, including Loans and fees paid to financial advisors, architects, engineers, attorneys, and accountants. TIF Eligible costs shall NOT include site acquisition, costs of Rock Island Corridor Improvements, or fees paid to the Developer or CM Costs. An estimate of the TIF Eligible Costs is attached hereto as Exhibit N.

TIF Eligible Costs shall refer to all costs associated with developing the Subject Property so it will be suitable for the Project. These TIF-Eligible Costs include such things as reimbursement for architectural fees, construction costs and materials, painting, carpeting and the like, but excluding the purchase of moveable personal property such as furniture, unattached fixtures, and equipment. Section 3. Agreement To Reimburse. Developer estimates that its total costs to renovate the Subject Property for the Project will be in excess of FOUR HUNDRED THOUSAND & 00/100 ($400,000.00) DOLLARS. The Village agrees to reimburse Developer from the Village’s 183rd Street TIF Fund FIFTY PERCENT (50%) of said costs subject to a maximum Village reimbursement of ONE HUNDRED SEVENTY-EIGHT THOUSAND & 00/100 ($178,000.00) DOLLARS.

TIF Eligible Costs means all Project costs which are eligible for reimbursement under the TIF Act, including but not limited to: Public Access Area Costs, site preparation, utility relocations, multilevel parking facilities, water mains and extensions, plazas, sidewalks, street grading, paving, curbing, guttering, surfacing, street light fixtures, connection and facilities, landscaping and plantings, fountains, shelters, benches, sculptures, lighting, decorations and similar amenities, related expenses to redevelop and finance the redevelopment, including Loans and fees paid to financial advisors, architects, engineers, attorneys, and accountants.