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I <br />! <br /> <br />Section 1. <br /> <br />Table of l~ontents <br /> <br />Modified Development <br /> District No. 1 <br /> <br />Program for Development <br /> <br />Pa~e <br /> <br />Subsection A. Definitions ................................................... 3 <br />Subsection B. Statutory Authority ........................................ 4 <br />Subsection C. Statement of Public Purpose and Objectives ............ 4 <br />Subsection D. Environmental Controls ..................................5 <br />Subsection E. Open Space to be Created .................................. 5 <br />Subsection F. Public Facilities to be Constructed ........................ 5 <br />Subsection G. Proposed Reuse of Property ..............................6 <br />Subsection II. Development District Financing .......................... 6 <br />Subsection I. Relocation .................................................... 6 <br />Subsection J. Administration of Development District ..................6 <br />Subsection K. Rehabilitation ............................................... 7 <br />Subsection L. Description of Development District .....................7 <br /> <br />Section II. ~Modified Tax Increment Financing Plan for Tax Increment <br />Financing Distt~ict No. 2 <br /> <br />Subsection A. Statutory Authority ......................................... 8 <br />: Subsecuon B. Statement of Objectives .................................. 8 <br />~ Subsection C. Statement of Public Purpose .............................. 8 <br />i Subsection D. Development District Program ...........................8 <br />; Subsecuon E. Description of TIF District ................................. 9 <br />' Subsection F. Development District Contracts ........................... 9 <br />Subsection G. Classification of TIF District ...........................9 <br />Subsecuon H. Modification of TIF Plan .' ...............................9 <br />i Subsection I. Use of Tax Increment ....................................... 9 <br />' Subsection J. Excess Tax Increment ...................................... 9 <br />:Subsecnon K. Limitation on Increment ..................................10 <br />:Subsectton L. Limitation on Administrative Expenses .................. 10 <br />~ Subsection M. Limitation on Boundary Changes ........................ l0 <br />i Subsection N. Relocation ................................................... 10 <br />! Subsection O. Parcels to be Acquired within TIF District .............. 11 <br />~ Subsection P. TIF Account ............................................... 11 <br />i Subsection Q. Estimate of Costs ......................................... 11 <br />~ Subsecnon R. Estimate of Bonded Indebtedness ........................ 11 <br />: Subsection S. Original Tax Capacity ...................................... 11 <br />~ Subsection T. Estimate of Captured Tax Capacity ....................... 12 <br />!Subsection U. Duration of TIF District ................................... 12 <br />~ Subsection V. Estimate of Impact on Other Taxing Jurisdictions ...... 12 <br />~Subsection W. Annual Financial Report .................................13 <br />~ Subsection X. Notification of Prior Planned Improvements ........... 14 <br />~, Subsection Y. Assessment Agreements .................................14 <br />i Subsection Z. Summary of Cash Flow Assumptions .................. 14 <br /> <br />2 <br /> <br /> <br />