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Table of Contents <br /> <br />Section <br /> <br />'~Modified Development <br /> District No. 1 <br /> <br />Program for <br /> <br />Development <br /> <br />Page <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 I-L 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 District No. 2 <br /> <br />Subsection A. Statutory Authority ......................................... 8 <br />Subsection B. Statement of Objectives .................................. 8 <br />Subsection C. Statement of Public Purpose .............................. 8 <br />Subsection D. Development District Program ........................... 8 <br />Subsection E. Description of TIF District ................................. 9 <br />Subsection F. Development District Contracts ........................... 9 <br />Subsection G. Classification of TIF District ........................... 9 <br />Subsection H. Modification of TW Plan: ............................... 9 <br />Subsection I. Use of Tax Increment ....................................... 9 <br />Subsection J. Excess Tax Increment ...................................... 9 <br />Subsection K. Limitation on Increment .................................. 10 <br />Subsection L. Limitation on Administrative Expenses .................. 10 <br />Subsection M. Limitation on Boundary Changes ........................ 10 <br />Subsection N. Relocation ................................................... 10 <br />Subsecnon O. Parcels to be Acquired within TIF District .............. 11 <br />Subsection P. TIF Account ............................................... 11 <br />Subsection Q. Estimate of Costs ......................................... 11 <br />Subsection 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 />Subsection Z. Summary of Cash Flow Assumptions .................. 14 <br /> <br />2 <br /> <br />37 <br /> <br /> <br />