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Agenda - Council - 11/24/1998
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Agenda - Council - 11/24/1998
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
11/24/1998
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Table of Contents <br /> <br />Page <br /> <br />AMENDED AND RESTATED DEVELOPMENT PROGRAM FOR DEVELOPMENT <br />DISTRICT NO, 1 ..................................................................................................................... 1 <br /> <br />Subsection A, <br />Subsection B, <br />Subsection C, <br />Subsection D, <br />Subsection E, <br />Subsection F. <br />Subsection G. <br />Subsection H. <br />Subsection I. <br />Subsection J. <br />Subsection IL <br />Subsection L. <br />Subsection M. <br /> <br />Introduction ......................................................................................... 1 <br />Definitions ........................................................................................... 1 <br />Statutory Authority .............................................................................. 2 <br />Statement of Public Purpose and Objectives ...................................... 3 <br />Environmental Controls ...................................................................... 3 <br />Open Space to be Created ................................................................... 3 <br />Public Facilities to be Constructed ..................................................... 4 <br />Proposed Reuse of Property ................................................................ 4 <br />Development District Financing ......................................................... 4 <br />Relocation., .......................................................................................... 4 <br />Administration of Development District ............................................ 4 <br />Rehabilitation ...................................................................................... 5 <br />Description of Development District .................................................. 5 <br /> <br />AMENDED TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT <br />FINANCING DISTRICT NO. 1 ............................................................................................. 6 <br /> <br /> Subsection A. <br /> Subsection B. <br /> Subsection C. <br /> Subsection D. <br /> Subsection E. <br /> Subsection F. <br /> Subsection G, <br /> Subsection H, <br /> Subsection I. <br /> Subsection J. <br /> Subsection K. <br /> Subsection L. <br /> Subsection M. <br /> Subsection N. <br /> Subsection 0. <br /> Subsection P. <br /> Subsection Q. <br /> Subsection R. <br /> Subsection S. <br /> Subsecti6n T. <br /> Subsection U. <br /> Subsection V. <br /> <br />SJB-151910 <br />RA125~52 <br /> <br />Statutory Authority .............................................................................. 6 <br />Statement of Objectives ...................................................................... 6 <br />Statement of Public Purpose ............................................................... 6 <br />Development District Program ........................................................... 6 <br />Description of TIF District. ................................................................. 6 <br />Development District Contracts ......................................................... 6 <br />Classification of TIF District .............................................................. 7 <br />Modification of TIF Plan .................................................................... 7 <br />Use of Tax Increment .......................................................................... 7 <br />Excess Tax Increment ......................................................................... 7 <br />Limitation of Increment ...................................................................... 8 <br />Limitation on Administrative Expenses ............................................. 8 <br />Limitation on Boundary Changes ....................................................... 9 <br />Relocation ........................................................................................... 9 <br />Parcels to be Acquired ....................................................................... 9 <br />TIF Account ........................................................................................ 9 <br />Estimate of Project Costs .................................................................... 9 <br />Estimate of Bonded Indebtedness ..................................................... 10 <br />Original Tax Capacity ...................................................................... 10 <br />Estimate of Captured Tax Capacity and Tax Increment .................. 10 <br />Duration of the TIF District ...... -. ....................................................... 11 <br />Estimate of Impact on Other Taxing Jurisdictions ........................... 11 <br /> <br /> <br />
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