Tif in a sentence

Adoption of the registry does not obligate the village to create a TIF district or enter into a redevelopment agreement with a developer for TIF incentives, officials said.

Lee’s Summit Tribune reported in 2015 that the original TIF divided the project into 10 project areas in an effort to maximize potential revenue; once activated, a TIF area has 23 years to generate revenue.

A significant resource for funding the $15 to $18.8 million projected cost to the city for infrastructure improvements is Tax Increment Financing (TIF) through the state.

A year later, at the second TIF, which attracted two hundred thousand visitors, while everything was running normally on the afternoon of September 27th, the fair sunk into darkness due to a power outage.

Councilman Bob Jackson said that removing the building from the TIF district would be more beneficial to the town than keeping it in.

I need his favor for my TIF money.

Of the $3 billion investment proposed, $300 million would come directly from Baltimore — half from borrowing via a revived industrial development authority and the rest from the sale of Tax Increment Financing or TIF bonds.

Plans for TIF funding realized from the district will be utilized to support infrastructure, business growth, facade improvements, marketing the downtown, expanding and improving area trail connections, and more.

Prime Minister Nikolaos Plastiras announced the reopening of the TIF.

Shabazz said he would get the TIF district approved by the legislature through his connections to lawmakers.

Show us whether the billions in TIF taxes that have already been paid can cover what he wants to do,” Romanelli said.

The Maine Department of Economic and Community Development last week approved creating a downtown tax increment financing district, or TIF.

The Summerville Town Council has voted to remove Dorchester County's human services building, which used to be the old county hospital from 1937 to 1975, from the Midtown TIF district.

The TIF program provides that repayment is spread over 20 years with the state retaining 70% of funds that would otherwise have gone to the education fund, Clarke said.

A listing of wording additions was sent to City Hall on Feb. 12 requesting Justice and Equity provisions be added to the Distillery TIF.

A TIF offers financial incentives for redevelopment of property, including developers recouping some costs related to public improvements.

City officials estimate that expiring TIF districts will lead to roughly $2.2 billion in additional revenue coming back to the city in the next 15 years alone.

He was the point person among businesses and municipal officials regarding tax increment financing, or TIF, agreements, a development tax incentive and property valuation sheltering tool.

In a TIF district, property tax payments to taxing bodies are frozen at their current level for 23 years.

It will also create flexibility at the end of the life of the new TIF district to fund infrastructure improvements within a half mile and affordable housing citywide.