TIF Ordinances definition

TIF Ordinances means Ordinances No. 3998, 3999 and 4456 all adopted by the Village on December 22, 1997 and November 5, 2002, as described in the Recitals to this Agreement.

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TIF Ordinances means those Ordinances referenced in subsection I.D. above.

TIF Ordinances shall have the meaning set forth in the Recitals hereof.

Examples of TIF Ordinances in a sentence

• 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.

• 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.

• 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 and Developers agree to cooperate with each other for this purpose, including the execution of a DTE Form 24P and/or imposing a requirement on future transferees of the Property to similarly cooperate, and to cooperate with the County Auditor, the Ohio Department of Taxation, and other public officials and governmental agencies in the performance by the public officials and governmental agencies of their duties in connection with the TIF Ordinance(s) and 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).

More Definitions of TIF Ordinances

TIF Ordinances means Ordinances No.’s 4247, 4248 and 4249 all adopted by the

TIF Ordinances means the series of ordinances pursuant to which the City adopted Tax Increment Finance, designated the Redevelopment Project Area, and approved the Redevelopment Plan and Redevelopment Project, including any amendments to any such ordinances in connection with the Central Redevelopment Tax Increment Area.

TIF Ordinances means City Ordinance No. 98-142, adopted on November 3, 1998, and City Ordinance No. 18-074 adopted on November 27, 2018, attached hereto as Exhibit “A”.

TIF Ordinances means those Ordinances referenced in Recital D above.

TIF Ordinances means the Village Ordinances 4089, 4090, and 4091 approving the proposed Redevelopment Plan and Project, the ordinance designating the Redevelopment Project Area, and the ordinance adopting tax increment allocation financing.

TIF Ordinances. Collectively, the Downtown TIF Ordinances and the North Lakefront TIF Ordinances.

TIF Ordinances means, collectively, Ordinance No. 61-94 passed by City Council on June 20, 1994, Ordinance No. 14-98 passed by City Council on March 16, 1998, Ordinance No. 17-98 passed by City Council on April 20, 1998, Ordinance No. 82-97 passed by City Council on June 9, 1997, as amended by Ordinance No. 67-13 passed by City Council on August 26, 2013, and Ordinance No. 107-97 passed by City Council on August 11, 1997, as amended by Ordinance No. 105-14 passed on October 27, 2014, and in each case, providing that certain Improvements (as that term is defined in Ohio Revised Code Section 5709.40) be exempted from real property taxation and that the owners of those parcel make service payments in lieu of taxes in respect of that real property tax exemption.