Chapter 3.12 EASTLAND URBAN RENEWAL TAX INCREMENT DISTRICT
Section 3.12.020 Allocation of funds - to taxing district.
That portion of the taxes which would be produced by the rate at which the tax is levied each year by
or for
each of the taxing districts taxing property in said Eastland Urban Renewal Project Area upon the total
sum
of the assessed value on the assessment roll of January 1, 1987, being the first day of the calendar
year
preceding the effective date of the Ordinance codified in this chapter, shall be allocated to and when
collected be paid into the fund for the respective taxing district as taxes by or for said taxing district
into
which all other property taxes are paid. (Ord. 89/T-7999)