Common use of Limitations on Tax Increment Revenue Clause in Contracts

Limitations on Tax Increment Revenue. Nothing contained in this Agreement shall be construed to establish any liability on the part of the City, DDA, or ELBRA to pay tax increment revenues for any costs or expenses, except to the extent that such costs and

Limitations on Tax Increment Revenue. Nothing contained in this Agreement shall be construed to establish any liability on the part of the City, DDA, DDA or ELBRA to pay tax increment revenues reimburse the Developer for any costs or expenses, except to the extent that such costs andand expenses are eligible expenses under one or more tax increment financing plans approved by the City, DDA or ELBRA, and sufficient taxes are actually captured by the DDA or ELBRA to pay for such costs and expenses. The City, DDA and ELBRA are responsible for reimbursement of eligible activities under any tax increment financing plans only to the extent that tax increment revenue is actually generated.

Limitations on Tax Increment Revenue. Nothing contained in this Agreement shall be construed to establish any liability on the part of the City, DDA, or ELBRA to pay tax increment revenues for any costs or expenses, except to the extent that such costs andand expenses are related to eligible activities under one or more tax increment financing plans approved by the City, DDA or ELBRA, and sufficient tax increment revenues are actually captured by the DDA or ELBRA to pay for such costs and expenses. The City,