TIRZ Fund definition

TIRZ Fund means the City’s portion of the fund created by the City for the deposit of Tax Increment for the Zone, entitled “Reinvestment Zone Number Eleven, City of San Antonio, Texas.”
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TIRZ Fund means the tax increment fund into which TIRZ Revenue is deposited. “TIRZ Revenue” means the total revenue collected and required by the TIRZ Act to be deposited into a tax increment fund each calendar year from participating taxing entities (excluding ad valorem tax revenues attributable to the mineral estate, including but not limited to oil and gas).
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TIRZ Fund means the tax increment fund created pursuant to the TIRZ Creation Ordinance.
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Examples of TIRZ Fund in a sentence

  • The City and Board shall have the right to recapture disbursed funds associated directly with such default, pursuant to section 11.5 below and the Developer shall repay all such disbursed funds to the TIRZ Fund.

  • Each party to this Agreement understands and agrees that the City is the only participating taxing entity contributing 100% of the tax increment to the TIRZ Fund for this Project, and therefore, no other agreements are necessary with any other public entity to make this Agreement effective.

  • The Parties agree that the TIRZ Fund will reimburse Developer for Projects Costs in the order of priority of payment for the TIRZ.

  • In addition, if the audit determined that there were overcharges of more than two (2) percent of the greater of the budget or payments to Developer for the year in which the discrepancy occurred, and the TIRZ Fund is entitled to a refund as a result of such overcharges, then Developer shall pay the cost of such audit.

  • The source of the funds to reimburse Developer shall be from the Available Tax Increment levied and collected on the real property located in the TIRZ and contributed by the Participating Taxing Entities to the TIRZ Fund.

  • The cost of repair, replacement, reconstruction and maintenance for defects discovered during the first year after Completion disclosed to Developer by the City within a reasonable period of time, but no more than thirty (30) days from the time of discovery, shall be paid by Developer or the bond company and shall not be paid out of the TIRZ Fund.

  • The Parties may rely upon the payments to be made to them out of the TIRZ Fund as specified in this Agreement and Developer may assign its rights to such payments, either in full or in trust, for the purposes of financing its obligations related to this Agreement, but the Developer’s right to such payments is subject to the other limitations of this Agreement.

  • If any payment to Developer is held invalid, ineligible, illegal or unenforceable under applicable federal, state or local laws, then and in that event, Developer shall repay such payment in full to the City for deposit into the TIRZ Fund.

  • Developer’s performance shall be lawful and shall not violate any applicable judgment, order, or regulation nor result in the creation of any claim against the City for money or performance, any lien, charge, encumbrance or security interest upon any asset of the City or the Board, except that this Agreement shall constitute a claim against the TIRZ Fund only from Available Tax Increment to the extent provided herein.

  • If it is determined as a result of such audit that Developer has overcharged for the cost of the Public Improvements, then such overcharges shall be immediately returned to the TIRZ Fund and become due and payable with interest at the maximum legal rate under applicable law from the date the City paid such overcharges.


More Definitions of TIRZ Fund

TIRZ Fund means any separate and distinct interest-bearing deposit account established by the City in order to receive deposits of the TIRZ Contribution.
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TIRZ Fund means the tax increment fund created by the City and segregated from all other funds of the City.
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TIRZ Fund means the fund created by the City for the deposit of Tax Increment for the TIRZ, entitled “Tax Increment Reinvestment Zone Number Thirty-One, City of San Antonio, Texas.” Singular and Plural: Words used in the singular, where the content so permits, also include the plural and vice versa, unless otherwise specified.
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TIRZ Fund means the fund required by the TIRZ Act into which the ad valorem taxes levied and collected by the City on the Captured Appraised Value is to be deposited.
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TIRZ Fund means a fund help by the City, separate and apart from all other City funds, for the deposit and management of revenues collected by the TIRZ.
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Related to TIRZ Fund

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

  • Hedge Fund means an Alternative Investment Fund which employs diverse or complex trading strategies and invests and trades in securities having diverse risks or complex products including listed and unlisted derivatives;

  • Public fund means the state treasurer or a retirement system.

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations;