TIRZ Ordinance definition

TIRZ Ordinance means an ordinance adopted by the City Council authorizing the use of TIRZ Revenues for project costs under the Tax Increment Financing Act, Texas Tax Code, Chapter 311, as amended, relating to the Authorized Improvements as provided for in the Tax Increment Reinvestment Zone No. 2 Project Plan and Financing Plan (including amendments or supplements thereto).
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TIRZ Ordinance means the City Ordinance by the City Council establishing a TIRZ and any subsequent ordinances effectuating amendments thereto.
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TIRZ Ordinance means the ordinance adopted by the City Council creating Reinvestment Zone Number Four.
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Examples of TIRZ Ordinance in a sentence

  • The Tax Increment Fund shall be an account into which the City shall deposit the County Payment, the City Increment (as defined in the TIRZ Ordinance and Project Plan), and all accrued interest earned on the fund.

  • Pursuant to the TIRZ Ordinance, the City has agreed to use TIRZ Revenues representing 55% of the City’s increments generated from each Parcel in Improvement Area #1 to offset a portion of such Parcel’s Assessments.

  • The Parties’ obligations under any definitive agreements would be subject to and conditioned upon approval by the Board of Directors of the Zone and the City Council of the Revised TIRZ Plan and the approval by the City Council of amendments to the TIRZ Ordinance.

  • Pursuant to the TIRZ Ordinance, the City has agreed to use TIRZ Revenues (the 47.63% of the property tax increment collected and deposited into the TIRZ No. 2 tax increment fund) generated from each Parcel to offset a portion of such Parcel’s PID assessments (the "TIRZ Credit").


More Definitions of TIRZ Ordinance

TIRZ Ordinance means an ordinance adopted by the City Council authorizing the use of
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TIRZ Ordinance means the City Ordinance approved by the City Council establishing TIRZ No. 4 and any subsequent ordinances effectuating amendments thereto.
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Related to TIRZ Ordinance

  • Zoning Ordinance means the comprehensive Zoning Ordinance of the City, found in Article 19 of the Code of the City of West Hollywood as it exists on the Approval Date.

  • Ordinance means the Companies Ordinance, 1984.

  • Bond Ordinance means this ordinance authorizing the issuance of the Bonds.

  • Assessment Ordinance means an ordinance adopted by a local entity under

  • Purchasing Ordinance means Tulsa Revised Ordinances, Title 6, Chapter 4 et seq.

  • Companies Ordinance means the Companies Ordinance (Chapter 622 of the Laws of Hong Kong);

  • Bribery Act means the Bribery Act 2010 and any subordinate legislation made under that Act from time to time together with any guidance or codes of practice issued by the relevant government department concerning this legislation;

  • New Version means any new version of the Software that the Contractor may from time to time introduce and market generally as a distinct licensed product, as may be indicated by Contractor's designation of a new version number.