The Authority is hereby authorized to apply tax increment revenues to project costs incurred in connection with the Project Plan for the District in accordance with the Act. The Authority may undertake such expenditures, make such appropriations, reimburse parties for prior expenditures related to project costs, enter into such contracts and agreements with respect to the Project Plan and the District, which in the sole judgement of the Authority shall further the purposes of the Project Plan consistent with the provisions of this chapter. Any tax increment revenues remaining in the Tax Increment Fund, after payment of all project costs has been made or provided for, shall be returned to the property taxing bodies on a pro rata basis in the proportions that the property tax millage of each taxing body bears to the entire millage levied by all taxing bodies at the time that such funds remain.
(Ord. 4581. Passed 6-12-91.)