(1) if the agency receives tax increment: (a) the base taxable value; (b) the projected amount of tax increment to be generated within the community reinvestment project area; (c) each project area funds collection period; (d) if applicable, the projected amount of tax increment to be paid to other taxing entities in accordance with Section 17C-1-410; (e) if the area from which tax increment is collected is less than the entire community reinvestment project area: (i) a boundary description of the portion or portions of the community reinvestment project area from which the agency receives tax increment; and (ii) for each portion described in Subsection (1)(e)(i), the period of time during which tax increment is collected; (f) the percentage of tax increment the agency is authorized to receive from the community reinvestment project area; and (g) the maximum cumulative dollar amount of tax increment the agency is authorized to receive from the community reinvestment project area;
(a) the base taxable value;
(b) the projected amount of tax increment to be generated within the community reinvestment project area;
(c) each project area funds collection period;
(d) if applicable, the projected amount of tax increment to be paid to other taxing entities in accordance with Section 17C-1-410;
(e) if the area from which tax increment is collected is less than the entire community reinvestment project area: (i) a boundary description of the portion or portions of the community reinvestment project area from which the agency receives tax increment; and (ii) for each portion described in Subsection (1)(e)(i), the period of time during which tax increment is collected;
(i) a boundary description of the portion or portions of the community reinvestment project area from which the agency receives tax increment; and
(ii) for each portion described in Subsection (1)(e)(i), the period of time during which tax increment is collected;
(f) the percentage of tax increment the agency is authorized to receive from the community reinvestment project area; and
(g) the maximum cumulative dollar amount of tax increment the agency is authorized to receive from the community reinvestment project area;
(2) if the agency receives sales and use tax revenue: (a) the percentage and total amount of sales and use tax revenue to be paid to the agency; and (b) each project area funds collection period;
(a) the percentage and total amount of sales and use tax revenue to be paid to the agency; and
(b) each project area funds collection period;
(3) the amount of project area funds the agency will use to implement the community reinvestment project area plan, including the estimated amount of project area funds that will be used for land acquisition, public improvements, infrastructure improvements, or any loans, grants, or other incentives to private or public entities;
(4) the agency's combined incremental value;
(5) the amount of project area funds that will be used to cover the cost of administering the community reinvestment project area plan; and
(6) for property that the agency owns and expects to sell, the expected total cost of the property to the agency and the expected sale price.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.