Agenda - Planning Commission - 09/10/2015

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Table of Contents (for reference purposes only) Section 1 - Modification to the Development Program for Development District No. 1 1-1 Foreword 1-1 Section 2 - Tax Increment Financing Plan for Tax Increment Financing District No. 15 Subsection 2-1. Foreword Subsection 2-2. Subsection 2-3. Subsection 2-4. Subsection 2-5. Subsection 2-6. Subsection 2-7. Subsection 2-8. Value/Increme Subsection 2-9. Subsection Subsection Subsection Subsection Subsection Subsection Subsection Subsection Subsection Subsection Subsection Subsection 2-1 2-1 Statutory Authority 2-1 Statement of Objectives 2-1 Development Program Overview 2-1 Description of Property in the District and Property To Be Acquired 2-2 Classification of the District 2-2 Duration and First Year of Tax Increment of the District 2-3 Original Tax Capacity, Tax Rate and Estimated Captured Net Tax Capacity nt and Notification of Prior Planned Improvements 2-3 Sources of Revenue/Bonds to be Issued 2-10. Uses of Funds 2-11. Fiscal Disparities Election 2-12. Business Subsidies 2-13. County Road Costs 2-14. Estimated Impact on Other Taxing Jurisdictions 2-15. Supporting Documentation 2-16. Definition of Tax Increment Revenues 2-17. Modifications to the District 2-18. Administrative Expenses 2-19. Limitation of Increment 2-20. Use of Tax Increment 2-21. Excess Increments Subsection 2-22. Requirements for Agreements with the Developer Subsection 2-23. Assessment Agreements Subsection 2-24. Administration of the District Subsection 2-25. Annual Disclosure Requirements Subsection 2-26. Reasonable Expectations Subsection 2-27. Other Limitations on the Use of Tax Increment Subsection 2-28. Summary 2-4 2-5 2-5 2-6 2-7 2-7 2-9 2-9 2-9 2-10 2-11 2-11 2-12 2-12 2-13 2-13 2-13 2-13 2-13 2-14 Appendix A Project Description A-1 Appendix B Map(s) of Development District No. 1 and the District B-1 Appendix C Description of Property to be Included in the District C-1 Appendix D Estimated Cash Flow for the District D-1 Appendix E