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Agenda - Council Work Session - 11/13/2012
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Agenda - Council Work Session - 11/13/2012
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Last modified
3/18/2025 12:26:00 PM
Creation date
11/14/2012 1:34:10 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
11/13/2012
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TABLE OF CONTENTS <br />Section Pages) <br />A. Definitions 1 <br />B. Statutory Authorization 1 <br />C. Statement of Need and Public Purpose 1 <br />D. Statement of Objectives 1 <br />E. Designation of Tax Increment Financing District as a Redevelopment District 1 <br />F. Duration of the TIF District and the Three Year Rule 2 <br />G. Property to be Included in the TIF District 2 <br />H. Property to be Acquired in the TIF District 2 <br />I. Specific Development Expected to Occur Within the TIF District 2 <br />J. Findings and Need for Tax Increment Financing 3 <br />K. Estimated Public Costs 4 <br />L. Estimated Sources of Revenue 5 <br />M. Estimated Amount of Bonded Indebtedness 5 <br />N. Original Net Tax Capacity 5 <br />O. Original Tax Capacity Rate 6 <br />P. Projected Retained Captured Net Tax Capacity and Projected Tax Increment 6 <br />Q. Use of Tax Increment 7 <br />R. Excess Tax Increment 8 <br />S. Tax Increment Pooling and the Five Year Rule 8 <br />T. Limitation on Administrative Expenses 9 <br />U. Limitation on Property Not Subject to Improvements - Four Year Rule 9 <br />V. Estimated Impact on Other Taxing Jurisdictions 9 <br />W. Prior Planned Improvements 10 <br />X. Development Agreements 10 <br />Y. Assessment Agreements 10 <br />Z. Modifications of the Tax Increment Financing Plan 11 <br />AA. Administration of the Tax Increment Financing Plan 11 <br />AB. Filing TIF Plan, Financial Reporting and Disclosure Requirements 12 <br />Map of the Tax Increment Financing District EXHIBIT I <br />Map of the Development District EXHIBIT II <br />Boundaries of Tax Increment Financing District EXHIBIT III <br />Assumptions Report EXHIBIT IV <br />Projected Tax Increment Report EXHIBIT V <br />Estimated Impact on Other Taxing Jurisdictions Report EXHIBIT VI <br />Market Value Analysis Report EXHIBIT VII <br />
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