Allocation Area definition

Allocation Area means that part of a redevelopment project area to which an allocation provision of a declaratory resolution adopted under section 15 of this chapter refers for purposes of distribution and allocation of property taxes.
Allocation Area means the [Lofts on Tenth Allocation Area][Noblesville Redevelopment Allocation Area].
Allocation Area means the Fieldhouse Allocation Area previously established by the Redevelopment Commission within the Lebanon Consolidated Economic Development Area in accordance with IC 36-7-14-39 for the purposes of capturing incremental ad valorem real property taxes levied and collected on all taxable property in such allocation area.

Examples of Allocation Area in a sentence

  • In the event the Commission terminates this Agreement due to the failure or refusal of Developer to buy or inability to place the bonds, the Commission will be entitled to recover from the Developer the Town’s reasonable expenses for attorney’s fees, bond attorney’s fees, financial advisor fees, and other expenses incurred in its performance of this Agreement and preparation of the bonds for issuance (which amount may be paid through available tax increment within the Allocation Area).


More Definitions of Allocation Area

Allocation Area means the CityView Allocation Area established as an allocation area by the Redevelopment Commission, all in accordance with IC 36-7-14-39 and IC 37-7-14-39.3 for the purposes of capturing incremental ad valorem real property taxes levied and collected in such allocation area.
Allocation Area means the College Avenue Economic Development Allocation Area. "Annual Fees" means annual fees of the Trustee and reasonable (in an amount not to exceed
Allocation Area means that part of a redevelopment project area
Allocation Area means the River West Development Area Allocation Area No. 1. "Area" means the River West Development Area.
Allocation Area means the 2015 334/700 Allocation Area as established in the Declaratory Resolution.
Allocation Area means the Sentry Allocation Area as established in the Declaratory
Allocation Area means the ▇▇▇▇▇▇▇ Farm Phase One Allocation Area as established in the Declaratory Resolution.