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<br />e <br /> <br />e <br /> <br />.. <br /> <br />- <br /> <br />"Project Plan" shall mean the project plan for the Zone as it may be amended from time to <br />time pursuant to the terms of the TIRZ Act, as adopted by the Zone Board and approved by the City <br />Council. <br /> <br />"Projects" shall mean the TIRZ Projects and the PID Projects. <br /> <br />"Revenue Fund' shall mean the fund established by the Autherity comprised of the TIRZ <br />Revenue Fund and any PID Assessment Revenue Fund subaccounts. <br /> <br />"School District" shall mean the La Porte Independent School District. <br /> <br />"School District ~ducational Facilities Costs" means the money to be paid annually to the <br />School District for educational facilities project costs purs~t to the Interlocal Agreement. <br /> <br />"Special District Improvement Fund' shall mean the Special District Improvement Fund <br />created by the City for the PIP including any subaccount therem in~o which all PID Assessments <br />shaH be deposited by the City. . <br /> <br />"Tax Increment" shall mean the amount of property taxes collected each year by each Taxing <br />Unit participating in the Zone (to the extent of their participation) on the Captured Appraised Value. <br /> <br />"Tax Increment Base" shall mean the tot81 appraised value of all real property taxable by the <br />City and located in the Zone as of January I, 1999, the year in which the Zone was effective and <br />designated as a reinvestment zone, plus the total appraisal of all real property taxable by the City and <br />the o~her Taxing Units participating in the Zone and annexed to the Zone determined as of January I <br />of the year in which any future area is annexed to the Zone. <br /> <br />"Tax Increment Fund' shall mean the Tax Increment Fund created by the City for the Zone <br />including any subaccount therein into which all Tax Increments shall be deposited by the City. <br /> <br />"Taxing Unit" shall mean the County, the School District, and any other TaXing Unit that <br />participates in the TIRZ. <br /> <br />"TIRZ Act" is defined in the recitals hereto. <br /> <br />"TIRZ Bonds" shall mean the bonds of the Authority. payable from a pledge of the TIRZ <br />Revenue Fund. <br /> <br />"TIRZ Pla.n" shall mean the Project Plan and the Financing Plan. <br /> <br />. "TIRZ Project" shall mean any project for which moneys in the Tax Increment Fund can be <br />used pursuant to the TIRZ Act and which has been approved in the Project Plan and the Financing <br />Plan. <br /> <br />HoIlStOa:367966.2 <br /> <br />4 <br />