Latest news with #TIF
Yahoo
10 hours ago
- Business
- Yahoo
Foraxi Introduces the World's First Trading Fund Insurance Plan to Empower Global Forex Traders
DUBAI, UAE, June 3, 2025 /PRNewswire/ -- Foraxi, a leading global Forex trading platform, has announced the launch of the world's first Trading Fund Insurance Plan, marking a significant milestone in the financial trading industry. This innovative plan aims to provide traders with unprecedented protection, allowing them to engage in the Forex market with enhanced confidence and financial security. The Trading Fund Insurance Plan is designed to mitigate trading risks by offering a unique safety net. Under this plan, traders who open a TIF Account with a minimum deposit of $1,000 and complete 25 lots on XAUUSD will receive their initial deposit refunded if they incur a loss after completing the required trading volume. The refund is fully withdrawable, with no hidden conditions attached. "Foraxi's Trading Fund Insurance Plan underscores our commitment to providing traders with a reliable and transparent platform," said a Foraxi spokesperson. "We understand the challenges traders face in the global markets, and this plan is designed to empower them with a secure environment to trade confidently." Key features of the Trading Fund Insurance Plan include: Flexible Profit Withdrawals — Traders can withdraw profits at any time, without restrictions. No Capital Lock-In — Users maintain full control over their funds, with real-time monitoring and transparency. Scalable Lot Requirements — Options include 25 lots for $1,000 or 250 lots for $10,000, offering flexibility for traders of all levels. No Hidden Terms or Conditions — The plan is fully transparent and trader-friendly. The launch of this plan represents Foraxi's dedication to supporting both novice and experienced traders in navigating the complexities of the Forex market. The platform's intuitive design and innovative features position it as a trusted partner for traders worldwide. For more information about the Trading Fund Insurance Plan and how to get started, users can visit About Foraxi Foraxi is a global Forex trading platform committed to delivering a transparent, secure, and user-friendly experience. The company offers a range of innovative features, including instant deposits and withdrawals, competitive IB commissions, and advanced trading solutions to help traders succeed in today's dynamic markets. ContactGOURAV BHARDWAJForaxi markets Ltdinfo@ Logo: View original content to download multimedia: SOURCE Foraxi Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Amendment passes for South Sioux City redevelopment project
SOUTH SIOUX CITY, Neb. (KCAU) — The South Sioux City City Council voted to approve a second amendment to a redevelopment project. Council members unanimously voted yes on the amendment to allow the Hovey Construction to use TIF money on phase 3 of the project. The amendment indicates that TIF bonds or notes will not to exceed $3.049 million for the project. The total estimated costs for phase 1 and 2 is more than $2.8 million each, while phase 3 is estimated to cost more than $7.5 million. City officials said the amendment will also expand the project from its original 21-lot addition near the Siouxland Freedom Park. Story continues below Top Story: 2025 graduation ceremonies for Sioux City Community School District Lights & Sirens: 'The First Musketeer': Sioux City Musketeers founder Gary Lipshutz passes away Sports: Dell Rapids claims SDHSBA Class B title with 5-4 win over Dakota Valley in eight innings Weather: Get the latest weather forecast here 'We made a few changes to it to expand it a little bit, and so we met with Hovey, we met with a committee, and we made the changes we need to make. So it's going to be a little bigger, better basically not a whole lot of changes, but just made it, so we have more options and more flexibility,' said Mayor Rod Koch. Council members also approved a grant application for Siouxland Freedom Park's Rock Shelter Project along with agreeing to pay for half a sign for Freedom Park. The parks' board agreed to pay the other half of the sign, up to $3,250. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
21-05-2025
- Business
- Yahoo
Council approves TIF phasing plan
A phasing plan for the proposed tax increment finance entertainment district in Norman will move forward — but with a caveat. That caveat is that the TIF is either approved following a case now before the Oklahoma Supreme Court, or barring that, if it passes a proposed vote by Norman residents. The matter was for the 'consideration of adoption, rejection, amendment, and/or postponement of the phasing plan required by Rock Creek Entertainment District economic development agreement.' The EDA calls for the project 'to be completed in multiple phases to be determined and provided by the Developer Parties in a Phasing Plan.' That initial item was postponed by the council last month, but the city faced a legal protest by developers who threatened a lawsuit for breaching the agreement. Tuesday's vote addresses that agreement with an amendment by Ward 4 Councilmember Helen Grant. Grant proposed an amendment to the item which would ' approve, disapprove or postpone the phasing plan contingent on 1) Judge Virgin's ruling being affirmed, or 2), the voters approve…if Judge Virgin's ruling is reversed.' The motion regards the recent petition, signed by more than 10,000 Norman voters, which would have allowed city residents to have a chance to vote on the TIF district, which passed over the summer by a 5-4 ruling of the Norman City Council. However, the petition was challenged by four Norman residents and developers who opposed the TIF being put before the voters. Their challenge, filed in Cleveland County District Court before District Judge Jeff Virgin, was upheld by Virgin, who declared the language of the petition calling for the vote was not properly written and voided the vote. That ruling was appealed by supporters of the petition, and the case now is before the Oklahoma Supreme Court. The amendment to the item was approved 8-1 with Ward 1 Councilmember Austin Ball voting against it. Following the amendment vote, several Norman residents spoke before the council in support of a public vote for the TIF, and skeptical of the entertainment district project. No one spoke in favor of the district. Norman resident Steve Ellis thanked Grant for her amendment, saying he was 'happy with it,' but questioned language in the development as written, and worried that the taxpayers of Norman could be on the hook for unrealized returns on the project. ' …The phrase is, 'subject to market demand.'' He said. 'Does that phrase mean that if the demand never materializes, then the developers are excused from spending the dollar amount listed? That's what it seems to be saying.' Attorney Rob Norman, who represents the petitioners in the case before the Oklahoma Supreme Court, argued on behalf of Grant's amendment. 'Council member Grant has articulated the no-brainer solution here for you. We can argue law till we're blue in the face,' Norman said. ' You have a fiduciary duty to do what councilmember Grant just moved you to do and wait until this referendum petition process is over.' Following the public comments, Ward 7 Councilmember and Mayor-elect Stephen Tyler Holman expressed disappointment that the matter before the council had them in the horns of a dilemma. He didn't want to approve the phasing plan, or the TIF, but also didn't want the city to be sued for violating the agreement. Holman noted that those who approved the original vote for the TIF, including Ward 1 Councilmember Austin Ball and Mayor Larry Heikkila, lost their seats in the last election, at least in part, due to approving the TIF. He chided those who filed the suit to bring it to court, and those who are fighting against having the TIF voted on by the public. ' I just want to be really clear about that, that nothing you have done has created a positive image of yourselves or this entire project,' Holman said. 'It has created animosity and negativity and resentment in this city that is going to last for years. We could have voted on this as a public three times by now and it would've been decided and done one way or the other.' Holman voted along with the majority of the council for the amended resolution, which passed. Ward 5 Councilmember Michael Nash, who quizzed City Attorney Rick Knighton extensively before voting, casted the sole 'no' vote.
Yahoo
21-05-2025
- Business
- Yahoo
City of Champaign could help renovation of downtown building
CHAMPAIGN, Ill. (WCIA) — A historic building in downtown Champaign could be getting some new improvements by Aug. 30. Bus stop near Market Place Mall could be looking at new routes This is on N Market Street near Taylor Street. The city is looking to make a cost share agreement with a developer to renovate the property. The project will cost more than $76,000 and that money will be used for getting electrical services to the building and rebuilding the sidewalk. Champaign's development manager said the money will be coming from the downtown fringe Tax Increment Financing (TIF) district. He also said the project will help clear up utility issues that impacts neighbors of the building. At Tuesday night's meeting, city council is planning to make a decision and discuss the project in further details Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
15-05-2025
- Business
- Yahoo
Montgomery County announces $2.8 billion investment for East County's Viva White Oak
SILVER SPRING, Md. () — Montgomery County announced its first-ever Tax Increment Financing (TIF) proposal to support . The $2.8 billion mixed-use development project aims to transform East County with new jobs, housing, and infrastructure. MoCo Minute | AstraZeneca opens $300M cell therapy facility in Rockville In partnership with MCB Real Estate, the project will span 280 acres near the U.S. Food and Drug Administration campus. Once complete, Viva White Oak is expected to deliver more than 9,000 permanent jobs, nearly 5,000 homes, and 27,000 construction jobs. Plans include commercial, residential, retail, and public spaces, along with new parks, bike lanes, and water and sewer infrastructure. 'At the Viva White Oak property, we have an excellent development team coming to the County with a plan to get shovels in the ground and open up the new chapter in economic development that District 5 residents have been waiting for. I have seen firsthand the high value that MCB places on community engagement and local collaboration, and I look forward to taking the next step to bring this opportunity to fruition,' said Councilmember Kristin Mink. Officials noted that once the project is complete, it will generate about $62 million in annual county revenue. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
