Examples of TIF Ordinances in a sentence
In accordance with Ohio Revised Code Sections 5715.27 and 5709.911, Sunbury shall file or cause to be filed a completed application for an exemption from real property taxation (DTE Form 24 or its successor form) with the Delaware County Auditor (the “County Auditor”) for each parcel exempt pursuant to the TIF Ordinance(s).
Sunbury will use the Service Payments it receives with respect to the Property for any purpose authorized by the TIF Ordinance(s) and the TIF Statutes, but in all circumstances in accordance with the terms of this Agreement.
Service Payments received by Sunbury shall be deposited into the municipal public improvement tax increment equivalent fund(s) (“TIF Fund(s)”) which are created by the TIF Ordinance(s).
Developers and Sunbury acknowledge and agree that the TIF Ordinance(s) will specify certain public infrastructure improvements (which will include but shall not be limited to the Public Improvements) made, to be made or in the process of being made that directly benefit, or that once made will directly benefit, the Property, and the costs of which may be paid from Service Payments.
The provisions of Ohio Revised Code Section 5709.911 apply to exemption applications filed pursuant to the TIF Ordinance(s) and this Agreement.