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<br />~--l}ev.,.I"\""me}~FAAr-afKtfl-sh-at.l-ttWan - <br />~ 1"""'- -_,__._______________.....__'_ <br /> <br />LPISD shall mean the La Porte Independent School District <br /> <br />Net Tax Increment shall mean the annual collections of the Tax Increment, less (i) any amounts <br />required to be' disbursed to LPISD for the payment of project costs related to educational <br />facilities incurred directly by LPISD, and (ii) amounts reasOnably required or anticipated to be <br />required for the administration and operation of the Zone, including a reasonable operating <br />reserve. . <br /> <br />Parties or Party shall mean the Zone,.the Authority 8H&-the City, the Development CorporatIon <br />and the County as parties to this Agreement. <br /> <br /> <br />Plan shall mean the final project plan and reinvestment zone financing plan for the Zone, as <br />amended, as approved by City Council. ~ ::.J:~Ct.A <br /> <br />Pr(~je('l shaH mean the Sylvan Bea Shore' e Protection and Beach Nourishment Pl'oject <br />described in the Project Agreements. r~ject Agreements shaH mean Special Document No. SO <br />2008-0002, between the State and the City; the. Project Cooperaiion Agreement, CEPRt'\ Project <br />NQ.14Q4. behveen the OLO and City. and the plans prepared by lJ ' I'pOl'lttion and titled <br />Sylvan Beac.h Shoreline Protection and Beach Renourishmen \;\ <br /> <br /> <br />Revenue Fund shall mean the special fund established by the Authority and funded with Tax <br />Increment payments made by the City pursuant to the Tri-Party Agreement (which payments are <br />attributable to incremental ad valorem property taxes paid on the Project and other properties in <br />the Zone). <br /> <br />Tax Increment shall mean funds deposited in the Revenue Fund by the City pursuant to the Tri- <br />party Agreement, comprised of funds received pursuant to those certain Interlocal Agreements or <br />similar agreements between the City, the County and the Zone; the City, and the Zone and; <br />between the City, LPISD and the Zone. <br /> <br />Taxing Unit shall mean individually and collectively the City, the County, and LPISD. <br /> <br />1.2 Sineular and plural~ gender. Words used herein in the singular, where the context <br />so permits, also include the plural and vice versa. The definitions of words in the singular herein <br />also apply to such words when used in the plural where the context so permits and vice versa. <br />Likewise, any masculine references shall include the feminine, and vice versa. <br /> <br />ARTICLE 2 <br />REPRESENTATIONS <br /> <br />Page 3 of 15 <br /> <br />'I <br />