Examples of TIF Project in a sentence
There shall be submitted to the Finance Director a disbursement request in a form acceptable to the Finance Director (the “Disbursement Request”), executed by the City’s Director of Urban Development and an authorized representative of the Redeveloper, (A) certifying that a portion of the TIF Project has been substantially completed and (B) certifying the actual costs incurred by the Redeveloper in the completion of such portion of the TIF Project.
The City is authorized by the Redevelopment Law (hereinafter defined) and its Home Rule Charter to issue tax allocation bonds for the purpose of paying the costs and expenses of the TIF Project, the principal and interest of which is payable from certain tax revenues as set forth in the Redevelopment Law.
For any amendments to the TIF Project Plan or related development agreement the Developer shall pay an amendment fee of $2,500.
An application for the use of TIF must include the following information, and the TIF Project Review Committee may waive any required information: 1.
Each project seeking to use TIF must submit a complete application to the Growth Management Department which will be forwarded to the TIF Project Review Committee for evaluation.
The TIF Project Review Committee will make recommendations on the use of TIF to the Planning Commission and City Council.
Part C: Video based customer identification process (V-CIP) The Company may decide to undertake live V-CIP for establishment of an account-based relationship with an individual customer, after obtaining his informed consent.
Some or all of the increment in ad valorem property taxes resulting from a redevelopment district may be apportioned by the City to a special fund for the payment of the eligible redevelopment project costs of the TIF Project, including reimbursement or the payment of principal and interest on any special obligation bonds or full faith and credit tax increment bonds issued.
Legal description of the proposed TIF District/TDD/CID or TIF Project area and verification by an American Land Title Association (ALTA) Survey.
The municipality may require the Project Plan to be reviewed by their TIF Project Review Committee, in accordance with the respective municipality ordinance.3) The TID Project Review Committee will evaluate the Application, Project Plan, and boundaries.