Examples of Urban renewal area in a sentence
The Payments shall not constitute general obligations of the City but shall be made solely and only from unencumbered Incremental Property Tax Revenues (as hereinafter defined) received by the City from the Delaware County and Dubuque County Treasurers which are attributable to the Urban Renewal Area.
Each Payment shall be in an amount equal to the corresponding Appropriated Amount (for example, for the Payment due on June 1, 2026, the amount of such Payment would be determined by the Appropriated Amount determined for certification by December 1, 2024), provided, however, that no Payment shall exceed the amount of Incremental Property Tax Revenues received by the City from the Delaware and Dubuque County Treasurers attributable to the taxable valuation of the Urban Renewal Area.
The Economic Development Grants shall be payable from and secured solely and only by amounts deposited and held in the Xxxxx, X.X. TIF Account of the Oskaloosa Urban Renewal Area Tax Increment Revenue Fund of the City; the Economic Development Grants shall not be payable in any manner by other tax increment revenues or by general taxation or from any other City funds.