TIF Statutes definition

TIF Statutes means collectively, Sections 5709.40, 5709.42 and 5709.43 of the Ohio Revised Code, as those sections may be amended from time to time.
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Examples of TIF Statutes in a sentence

  • Service Payments will be made in accordance with the requirements of the TIF Statutes and the TIF Ordinance, and any subsequent amendments or supplements thereto, and will be in the same amount as the real property taxes that would have been charged and payable against the Improvements (after credit for any property tax rollback payments received) had the TIF Exemption not been granted, including any penalties and interest.

  • Developers will not, under any circumstances, be required for any tax year to pay both real property taxes and Service Payments with respect to the Improvements, whether pursuant to the TIF Statutes, the TIF Ordinance, or this Agreement.

  • 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.

  • Pursuant to the TIF Statutes, the TIF Ordinances and Compensation Agreement, the School District shall receive these payments directly from the City.

  • Service Payments will be made in accordance with the requirements of the TIF Statutes and the TIF Ordinances and, for each Parcel, will be in the same amount as the real property taxes that would have been charged and payable against any Improvements to that Parcel if it were not exempt from taxation pursuant to the TIF Exemptions, including any penalties and interest.

  • Each Service Payment shall be in the same amount as the real property taxes that would have been charged and payable against the Improvements (after credit for any other payments received by the City under ORC Section 319.302) had an exemption from taxation not been granted, and otherwise shall be in accordance with the requirements of the TIF Statutes.

  • The City hereby agrees to pay to the Company or its designee(s), in accordance with the terms of this Agreement, the costs of the Designated Improvements and Public Infrastructure Improvements incurred by the Company or its Affiliates and eligible for reimbursement as provided in this Agreement and the TIF Statutes (with the costs collectively referred to herein as the “Qualifying Costs”), plus interest on those Qualifying Costs at the annual rate of six percent (6%).

  • The City, through the 41 TIF Ordinance has granted, among other things, the 41 TIF Exemption, which provides for a thirty (30) year, one hundred percent (100%), TIF exemption pursuant to R.C. Section 5709.41, for the 41 Improvements, with the exemption commencing on the effective date of the 41 TIF Ordinance and ending thirty (30) years after such effective date (the “41 TIF Exemption Period”), all in accordance with the requirements of the TIF Statutes.

  • Service Payments will be made in accordance with the requirements of the TIF Statutes and the TIF Ordinance and, for each Parcel, will be in the same amount as the real property taxes that would have been charged and payable against the Improvement to that Parcel if it were not exempt from taxation pursuant to the TIF Exemption, including any penalties and interest.

  • The Owner hereby agrees to make the Service Payments due during its period of ownership of each Parcel, all pursuant to and in accordance with the requirements of the TIF Statutes, the TIF Ordinance, the provisions of Ohio law relating to real property tax collections, and any subsequent amendments or supplements thereto.

Related to TIF Statutes

  • the Statutes means the Companies Act and every other act (as may from time to time be amended) for the time being in force in Bermuda applying to or affecting the Company, the Memorandum of Association and/or these presents;

  • Statutes means the Companies Act, the Electronic Transactions Act 1999 of Bermuda, and every other act (as amended from time to time) for the time being in force of the Legislature of Bermuda applying to or affecting the Company, the Memorandum of Association and/or these presents;

  • Governing statute of an organization means the statute that governs the organization's internal affairs.

  • Criminal drug statute means a Federal or non-Federal criminal statute involving the manufacture, distribution, dispensing, possession or use of any controlled substance.

  • POPI Act means the Protection of Personal Information Act 4 of 2013 as may be amended from time to time;

  • FMC Act means the Financial Markets Conduct Act 2013.

  • Articles of Organization means the original documents filed to organize a limited liability company, as amended or restated by certificates of correction, amendment, or merger, by restated articles, or by other instruments filed or issued under any statute.

  • The Statute means Statute 7;

  • NRS means the Nevada Revised Statutes.

  • Data Protection Laws and Regulations means all laws and regulations, including laws and regulations of the European Union, the European Economic Area and their member states, Switzerland and the United Kingdom, applicable to the Processing of Personal Data under the Agreement.

  • common law SPOUSE means two people who have cohabitated as spousal partners for a period of not less than one (1) year.

  • Data Protection Laws means EU Data Protection Laws and, to the extent applicable, the data protection or privacy laws of any other country;

  • Anticorruption Laws means the U.S. Foreign Corrupt Practices Act of 1977, or any other anticorruption or anti-bribery Applicable Law applicable to the Company or any of the Company Subsidiaries.

  • FBCA means the Florida Business Corporation Act.

  • FOI Act means the Freedom of Information Xxx 0000 and any subordinate legislation made under this Act from time to time together with any guidance and/or codes of practice issued by the Information Commissioner in relation to such legislation;

  • Certificate of organization means the certificate required by section 489.201. The term includes the certificate as amended or restated.

  • Data Protection Law means the applicable legislation protecting the fundamental rights and freedoms of persons and their right to privacy with regard to the processing of Personal Data under the Agreement (and includes, as far as it concerns the relationship between the parties regarding the processing of Personal Data by SAP on behalf of Customer, the GDPR as a minimum standard, irrespective of whether the Personal Data is subject to GDPR or not).

  • EU Data Protection Laws means EU Directive 95/46/EC, as transposed into domestic legislation of each Member State and as amended, replaced or superseded from time to time, including by the GDPR and laws implementing or supplementing the GDPR;

  • GBCC means the Georgia Business Corporation Code.

  • HITECH Act means the Health Information Technology for Economic and Clinical Health Act, TitleXIII, Subtitle D, Part 1 & 2 of the American Recovery and Reinvestment Act of 2009.

  • Company Bylaws means the bylaws of the Company, as amended.

  • TIF Act means the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865, inclusive, of the Revised Statutes of Missouri, as amended.

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • Secretary of State means the Secretary of State of the State of Delaware.

  • Delaware Law means the General Corporation Law of the State of Delaware.

  • EP Act means the Environmental Protection Xxx 0000;