TIF Eligible Expenses definition

TIF Eligible Expenses means those certain Project Costs identified by Developer which may be reimbursed with TIF Proceeds if and to the extent that such Project Costs are related to site improvement and the design and construction costs located within The Project Area of the TIF District, all as specifically identified on Exhibit F attached hereto, along with Interest, and eligible for payment or reimbursement pursuant to the TIF Act, as described in Section 4.2.
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TIF Eligible Expenses means those portions of the costs related to the Project which are (i) reasonable Redevelopment Project Costs and are eligible for reimbursement to the Owner under the Redevelopment Plan and (ii) incurred in accordance with the Act.
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TIF Eligible Expenses means all reasonable redevelopment costs incurred that (i) meet the definition of redevelopment project costs as defined in the Act and (ii) fall within one of the budge line items contained in Table Two of the Redevelopment Plan as amended, provided, however, that TIF Eligible Expenses shall not include interest cost subsidies.
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Examples of TIF Eligible Expenses in a sentence

  • The parties acknowledge and agree that the TIF Eligible Expenses shall be reimbursed pursuant to the Priority Reimbursement Schedule attached hereto and incorporated herein by reference as Exhibit “N” (“Priority Reimbursement Schedule”).

  • There will be no bonds or other obligations issued by the UG in order to reimburse any TIF Eligible Expenses or other costs of the Project.

  • Miller thought he discovered the answer to the Southern church’s need when he published a little book called “The Law of the Tithe and of the Freewill Offering” in the late 1800s.

  • The Redevelopment Plan contemplates that, to the full extent permissible under the TIF Act, 100% of available Project Area 1 TIF Revenues (after payment of the UG’s TIF Administrative Fee) will be made available to reimburse TIF Eligible Expenses.

  • The parties agree that the TIF Eligible Expenses identified for “priority reimbursement” on the Priority Reimbursement Schedule” shall be paid back to the Developer and/or City, as the case may be, from the bond proceeds net of the bond issuance costs, and the bonds will be paid off with the tax increment from the Redevelopment Site.

  • Although, not set out on Exhibit F, "TIF Eligible Expenses" also includes Interest as defined in and provided by Section 4.3 of the Development Agreement.

  • Reimbursement of TIF Eligible Expenses to Developer is subject to the terms and conditions set forth in the Development Agreement, including the Developer properly certifying and evidencing to the UG that such costs were actually incurred, and the requirement that such TIF Eligible Expenses are eligible costs in accordance with the TIF Act.

  • As shown herein, the Redevelopment Plan proposes to finance TIF Eligible Expenses (as defined in Section III.D.2 below) by capturing 100% of the allowable ad valorem tax increment1 generated within Project Area 1 ("Project Area 1 TIF Revenues").

  • The amount of TIF Eligible Expenses to be reimbursed to the Developer are further subject to the $11,000,000 TIF Cap (the "TIF Cap," as further set forth in the Development Agreement).

  • As set out on Exhibit F, the Developer estimates that only $6.34 million of the total estimated Project costs are TIF Eligible Expenses.


More Definitions of TIF Eligible Expenses

TIF Eligible Expenses means all reasonable redevelopment costs incurred that
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TIF Eligible Expenses means all reasonable redevelopment costs incurred that (i) meet the definition of redevelopment project costs as defined in the Act and (ii) fall within one of the budge line items contained in Table Two of the Redevelopment Plan as amended and approved pursuant to Section 4 of this Agreement.
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TIF Eligible Expenses. The Village will reimburse Apparel Redefined for TIF eligible costs from the incremental tax revenues generated by this project. Total TIF eligible costs are estimated at $5,000,000: this includes job training expenses, public infrastructure improvements, site preparation, and renovations to 0000 000xx Xxxxxx. • Extraordinary Soil Conditions: The Village will reimburse the developer for additional work necessary to prepare the site for construction due to otherwise undevelopable soil conditions. This site, along with many others in the Prairie Lakes Business Park, has a high water table and soil that is unsuitable for construction without substantial site preparation. In the past, the Village has reimbursed previous developments within the Prairie Lakes Business Park to mitigate these poor soil conditions. This agreement provides that the developer will be responsible for costs of a normal foundation (slab on grade) for its proposed building, and the Village will reimburse the developer for site preparation costs beyond a normal foundation. The developer secured a quote of $1,130,400 for the extraordinary soil costs associated with this site. This is the source of the “not to exceed” cost in paragraph 5(d)(ii) on page four of the Agreement. However, since this amount is significantly higher than what was originally estimated, the agreement requires the developer to secure two additional bids for this work before proceeding. If these bids come in lower than $1,130,400, the developer will only be reimbursed for the cost of the lowest bid. TIF funding from the N.E. TIF District will cover the costs for this work.
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Related to TIF Eligible Expenses

  • Eligible Expenses means expenses incurred for Medical Services rendered with respect to a Disability.

  • Allowable Expenses means any necessary, reasonable and customary item of expense at least a portion of which is covered under at least one of the Health Benefit Plans covering the person for whom claim is made. When a Health Benefit Plan provides benefits in the form of coverage for services, the reasonable cash value of each service rendered shall be deemed to be both an Allowable Expense and a benefit paid.

  • Reimbursable Expenses means all assignment-related costs [such as travel, translation, report printing, secretarial expenses, subject to specified maximum limits in the Contract].

  • Eligible Expenditures means expenditures in respect of the reasonable cost of goods, works and services required for the Project and to be financed out of the proceeds of the Loan allocated from time to time to the eligible Categories in accordance with the provisions of Schedule 1 to this Agreement; and

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Eligible Expenditure means an expenditure described as eligible in Schedule B or deemed eligible by Canada in accordance with Section 4.2.

  • Allowable Expense means a necessary, reasonable and customary item of expense for health care, which is:

  • Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.

  • Ineligible Expenditures means those expenditures described as ineligible in Schedule C or deemed ineligible by Canada in accordance with Section 4.2.

  • Qualified disability expenses means that term as defined in section 529A of the internal revenue code.