'tax increment' means the real and personal property taxes exclusive of any state, country or special district tax, assessed by the city on the captured assessed value of property within the districts, which tax increment shall consist of the real property increment and the personal property increment.
'tax payment date' means the date(s) on which property taxes levied by the city are due and payable from owners of property located within the city.
'tax shift' means the decrease in county tax payable by the city and the increases in state aid for education and revenue sharing in all three cases resulting from the exclusion of captured assessed value from the city's valuation in calculating such amounts of county tax, state aid to education and revenue sharing under the current tax shift formulas.
'tax shift formulas' mean the formulas currently utilized by the state of _________(address) in calculating (a) the county tax payable in accordance with 30-a m.r.s.a.section 706 and 36 m.r.s.a. sections 305(1), 381; (b) the municipal revenue sharing distribution of the local government fund in accordance with 30-a m.r.s.a. section 5681; and (c) state aid to education, including aid for total operating costs, total program cost allocation (taking into account the maximum local share or circuit breaker) and total debt service cost allocation (taking into account the maximum local share or circuit breaker), all as computed in accordance with _________(address) department of education form ed 261.
section 1.2. interpretation and construction. in this agreement, unless the context otherwise requires:
(a) the terms 'hereby,' 'hereof,' 'hereto,' 'herein,' 'hereunder' and any similar terms, as used in this agreement, refer to this agreement, and the term 'hereafter' means after, and the term 'heretofore' means before, the date of delivery of this agreement.
(b) words importing a particular gender mean and include correlative words of every other gender and words importing the singular number mean and include the plural number and vice versa.
(c) words importing persons mean and include firms, associations, partnerships (including limited partnerships), trusts, corporations and other legal entities, including public or governmental bodies, as well as any natural persons.
(d) any headings preceding the texts of the several articles and sections of this agreement, and any table of contents or marginal notes appended to copies hereof, shall be solely for convenience of reference and shall not constitute a part of this agreement, nor shall they affect its meaning, construction or effect.