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<br />e <br /> <br />e <br /> <br />... <br /> <br />"Project Plan" shall mean the project plan for the Zone as it may be amended from time to <br />time p~rsuant 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 Pill Projects. <br /> <br />.. <br />"Revenue Fund' shall mean the fund established by the Authority comprised of the TIRZ <br />Revenue Fund' and any Pill Assessment Revenue Fund subaccounts. ' <br /> <br />"School D~strict" 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 pursUB.?t to the Interlocal Agreement. <br /> <br />"Special Dist'.ict Improvement Fund' shall mean the Special District Improvement Fund <br />created by the City for the PIp including any subaccount therein in~o which all PID Assessments <br />shail be deposited by the City. <br /> <br />"Tax Incremenf' 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 total appraised v.alue 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 r~al property taxable by the City and <br />the o~herTaxing Units participating in the Zone and annexed to the Zone determined as of January 1 <br />of the year in which any future area is annexed to the Zone. <br />. . <br /> <br />"Tax Increment Fund" shall mean the Tax Increment Fund created by the City for the Zone <br />includ~g 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 th~ Tax ~crement Fund can be <br />used pursuant to the TIRZ Act and wijich has been approved in.the Project Plan anC] the Financing <br />flan. I <br /> <br />HoUSloa:J67966.2 <br /> <br />4 <br /> <br />I <br />I <br />