Development Incentive. Subject to CRA Budget Approval by the CRA Board, City Approval and County Approval, as well as the CRA’s receipt of the Incremental TIF on an annual basis in all cases, as an inducement to the development of the Project, the CRA agrees to pay to Developer a percentage of Incremental TIF as follows:
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Development Incentive. Subject to CRA Budget Approval by the CRA Board, City Approval and County Approval, as well as the CRA’s receipt of the Incremental TIF on an annual basis in all cases, as an inducement to the development of the Project, the CRA agrees to pay to the Master Developer a percentage of Incremental TIF as follows:
Appears in 1 contract
Sources: Economic Incentive Agreement