Common use of Assessed Valuation Clause in Contracts

Assessed Valuation. For the purpose of calculating the bonded indebtedness limitation and for the purpose of computing the index of taxpaying ability pursuant to Section 59-20-20(3) of the Code, allocation of the assessed value of property within the Park to York County and ▇▇▇▇▇▇▇ County and to each of the taxing entities within the participating counties shall be identical to the allocation of revenue received and retained by each of the counties and by each of the taxing entities within the participating counties, pursuant to Paragraphs 6 and 7 herein.

Appears in 3 contracts

Sources: Joint County Industrial/Business Park Agreement, Joint Development Agreement, Joint Development Agreement

Assessed Valuation. For the purpose of calculating the bonded indebtedness limitation and for the purpose of computing the index of taxpaying ability pursuant to Section 59-20-20(3) of the Code, allocation of the assessed value of property within the Park to York County and ▇▇▇▇▇▇▇ Chester County and to each of the taxing entities within the participating counties shall be identical to the allocation of revenue received and retained by each of the counties and by each of the taxing entities within the participating counties, pursuant to Paragraphs 6 and 7 herein.

Appears in 1 contract

Sources: Joint County Industrial/Business Park Agreement