TIF Fund definition

TIF Fund means the urban redevelopment tax increment equivalent fund established by the City under the TIF Ordinance for the deposit of the Statutory Service Payments

TIF Fund means the special tax allocation fund created by the City in connection with the Redevelopment Area into which the Incremental Taxes will be deposited.

TIF Fund means the TIF Fund, as established in the TIF Ordinance and created pursuant to provisions of the TIF Act.

Examples of TIF Fund in a sentence

• The TIF Fund will remain in existence so long as the Service Payments and Property Tax Rollback Payments are collected and used for the aforesaid purposes, after which time the TIF Fund will be dissolved and any surplus funds remaining therein transferred to the City's General Fund, all in accordance with ORC 5709.43.

• Fallen Timbers TIF Fund – This fund is used to account for revenues restricted by a tax increment financing agreement for the area of Fallen Timbers.

• The City may use amounts deposited into the TIF Fund only for the purposes authorized in the TIF Act and this ordinance (as it may be amended).

• The budgetary figures which appear in the "Statement of Revenues, Expenditures, and Changes in Fund Balances--Budget and Actual—General Fund" and in the "Statement of Revenues, Expenditures, and Changes in Fund Balances--Budget and Actual— Fallen Timbers TIF Fund" are provided on the budgetary basis to provide a comparison of actual results to the final budget, including all amendments and modifications.

• Chapter 24.21 of the Code of Iowa requires, when the necessity for maintaining the TIF Fund ceases to exist, the excess balance remaining in the fund, if any, be remitted to the County Treasurer and allocated to the respective taxing districts.

More Definitions of TIF Fund

TIF Fund means the separate fund and account established by the UG for collection of the TIF Proceeds collected within The Project Area of the TIF District, as described in Section 4.2(a)(ii).

TIF Fund means the Miami County Municipal Public Improvement Tax Increment Equivalent Fund created pursuant to the TIF Ordinance and includes any accounts created therein.

TIF Fund means the “Pinecrest Municipal Public Improvement Tax Increment Equivalent Fund” established in the TIF Ordinance.

TIF Fund means the fund described in Section 6.02 of the Development Agreement and established by the Town under the TIRZ Creation Ordinance (and segregated from all other funds of the Town) into which the Town deposits the Tax Increment (as defined and described in the TIRZ Creation Ordinance and the Project and Financing Plan) and funds received from the County Participation Agreement.

TIF Fund means the City’s Cleveland Road Area Public Improvement Tax Increment Equivalent Fund established under the TIF Ordinance and maintained in the Treasury of the City for the deposit of any Service Payments received by the City, including any accounts created therein.

TIF Fund means the special allocation fund of the Village consisting solely of the Incremental Property Taxes of the Madison Street Business Corridor Redevelopment Project Area.

TIF Fund means, the VTRE Development Public Improvement Tax Equivalent Fund established in the TIF Resolution.