Chapter 3.20 TETON URBAN RENEWAL TAX INCREMENT DISTRICT
Section 3.20.030 Allocation of Funds - to Taxing Districts.
That the portion of the taxes which would be produced by the rate at which the tax is levied each year
by or
for in such each of the taxing districts taxing property in said Teton Urban Renewal Project Area and
each
Sub-area thereof upon the total sum of assessed value on the assessment roll for January 1, 1990, being
the
first day of the calendar year preceding the effective date of this Ordinance, 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. The taxes so determined may be referred herein as the
"base period
taxes" for such Project Area. (Ord. 91/T-10529)