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Agenda - Planning Commission - 09/05/1995
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Agenda - Planning Commission - 09/05/1995
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Last modified
3/20/2025 4:28:04 PM
Creation date
10/1/2003 8:44:54 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Planning Commission
Document Date
09/05/1995
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Table of Contents <br /> <br />Section 1. <br /> <br />Section II. <br /> <br />Modified Development Program for Development <br />District No. I <br /> <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br /> <br />A. Definitions ................................................. 3 <br />B. Statutory Authority ....................................... 4 <br />C. Statement of Public Purpose and Objectives ........... 4 <br />D. Environmental Controls ................................ 5 <br />E. Open Space to be Created. ............................... 5 <br />F. Public Facilities to be Constructed ...................... 5 <br />G. Proposed Reuse of Property .............................6 <br />H. Development District Financing .........................6 <br />I. Relocation ................................ , ................. 7 <br />L Administration of Development District ................7 <br />K. Rehabilitation ....... ............................... 7 <br />L.. Description of Development District ...................7 <br /> <br />Tax Incremeflt Financing Plan for Tax Increment Financing <br />District No. 6 <br /> <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br /> <br />A. Statutory Authority ....................................... 8 <br />B. Statement of Objectives ................................. 8 <br />C. Statement of Public Purpose ............................. 8 <br />D. Development District Program .......................... 8 <br />E. Description of TIF District ............................... 9 <br />F. Development District Contracts .........................9 <br />G. Classification of TIF District .......................... 9 <br />H. Modification of TIF Plan ...............................9 <br />L Use of Tax Increment ....................................9 <br />$. Excess Tax Increment .................................... 9 <br />K. Limitation on Increment ................................10 <br /> <br />Subsection L. <br />Subsection M. <br />Subsection N. <br />Subsection O. <br />Subsection P. <br />Subsection Q. <br />Subsection R. <br />Subsection S. <br />Subsection T. <br />Subsection U. <br />Subsection V. <br />Subsection W. <br />Subsection X. <br />Subsection Y. <br />Subsection Z. <br /> <br />Limitation on Administrative Expenses ................11 <br />Limitation on Boundary Changes .......................1 ! <br />Relocation .................................................. 11 <br />Parcels to be Acquired within TIF District ............ 11 <br />TIF Account .............................................. 12 <br />Estimate of Public Costs ................................ 12 <br />Estimate of Bonded Indebtedness ....................... 12 <br />Original Tax Capacity .................................... 12 <br />Estimate of Captured Tax Capacity ..................... 13 <br />Duration of TIF District ................................. 13 <br />Estimate of Impact on Other Taxing Jurisdictions .... 13 <br />Annual Financial Report ................................ 14 <br />Notification of Prior Planned Improvements .......... 14 <br />Assessment Agreements ................................14 <br />Summary of Cash Flow Assumptions ................ 15 <br /> <br />Printed 8/11/95 Page 2 Draft <br /> <br /> <br />
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