Laserfiche WebLink
Table of Contents <br /> <br />Section <br /> <br />Section <br /> <br />II. <br /> <br />Modified Development Program for Development Page <br />District No. 1 <br /> <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />S u bsection <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 Disu-ictFinancing ......................... 6 <br />I. Relocation .................................................. 6 <br />J. Administration of Development District ................ 6 <br />K. Rehabilitation .............................................. 7 <br />L. Description of Development District ................... 7 <br /> <br />Modified Tax Increment Financing Plan for Tax Increment <br />Financing District No. 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 />Subsecuon t, <br />Subsection J. <br />Subsection K. <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 />Statutory Authority ....................................... 8 <br />Statement of Objectives ................................. 8 <br />Statement of Public Purpose ............................. 8 <br />Development District Program .......................... 8 <br />Description of TIT District ............................... 8 <br />Development Disu'ict Contracts ......................... 9 <br />Classification of TIF District .......................... 9 <br />Modification of TiT Plan ............................... 9 <br />Use of Tax Increment .................................... 9 <br />Excess Tax Increment .................................... 9 <br />Limitation on Increment ................................ I0 <br />Limitation on Administrative Expenses ................10 <br />Limitation on Boundary Changes .......................10 <br />Relocation .................................................. 10 <br />Parcels to be Acquired within TiT District ............ 11 <br />TIF Account .............................................. 11 <br />Estimate of Costs ........................................ 11 <br />Estimate of Bonded Indebtedness ....................... 12 <br />Original Tax Capacity .................................... 12 <br />Estimate of Captured Tax Capacity ..................... 12 <br />Duration of TW District ................................. 12 <br />Estimate of Impact on Other Taxing Jurisdictions .... 12 <br />Annual Financial Report ................................ 13 <br />Notification of Prior Planned Improvements .......... 14 <br />Assessment Agreements ................................14 <br />Summary of Cash Flow Assumptions ................ 15 <br /> <br />2 <br /> <br /> <br />