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I I I I I I I I I I I I I I I I I I I IV. D. As the A~. essed Market Va]~e, and therefore, Assessed Ya]ue of property witl~l,h ~liax lne~ ~ct increas~ nb~ve i~ ~'f~ level, the ine~ekse~ is eaUed the ~tured Assessed V~ue. E. By 0etO~er 10th of each year, aU taxing Jurisdictions (county, school dist~iet,~ ~unieip~ity ~ speei~ taxing d~tric~) submit their budge~ to the-6oun~y auditor who calculates a M~ Rate to ~ applied to A~e~ed ~, Which w~enerate sufficient t~ ~o~ars to ~d the budge~ F. The County Auditor dOes not add the Captured A~e~ed V~ue to the Ass~se~ V~ue upon which he determines M~ Rat~, but ~e do~ apply ~h~ M~{Rate to the total value, including the Captured A~essed VMue. Theref0~e, the M~ Rate for a~ tax~ng j~die~o~ ~mes the Card A~se~ V~ue is the t~ increment. ' G. The. ~X increment is remitted to the redevel~ment entity twice ~u~y~, usua~y in J~y ~d December. BONDINO In order~ to{ finance the public subsidies required to induce private devel- opment,f within the tax increment district, bonds may be issued by the mur~ieiPality, housing and redevelopment authority, port authority or county, If bonds are to be retired by the tax increment generated by the private development it is necessary to predict: 1. The time required to complete the public activities. The time required for private eonstruetiorL 3. The value to be assigned the private development by the assessor. eOhstruetion completion. The mill rate. ~r Of bonds. The statutory assessment classification or rate which will apply upon Mbnicipal general obligation tax increment bonds primarily payable from estimated or anticipated tax increment. ultimately backed by full faith and credit and taxing power of the municipality. issuance not subject to referendum if municipality reasonably estimates that at least 20% of the debt service on the bonds will be paid from tax increment. This is the same as with a general obligation special assessment bond. 2