Subsidy Tracker Individual Entry
The Village shall rebate to MNeijer a portion of the aggregate yearly sales tax revenue. This shall be known as the "Sales Tax Distribution." The Sales Tax Distribution shall be calculated as follows: 50% to Meijer and 50% to the Village. Meijer's right to receive a distribution from the Sales Tax Revenue as provided shall terminate 15 years fromt he effective date or upon reaching the amount of $1,490,273.00, whichever occurs first.
Year is year agreement began. Subsidy value is maximum rebate. Project description is verbatim text (including indeterminate amounts) from the Department of Revenue's online compilation of excerpts from local agreements.