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Agenda - Economic Development Authority - 06/08/2017
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Agenda - Economic Development Authority - 06/08/2017
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3/17/2025 2:14:37 PM
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6/6/2017 11:37:51 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
06/08/2017
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Table of Contents <br />(for reference purposes only) <br />Section 1 - Modification to the Development Program <br />for Development District No. 1 1-1 <br />Foreword 1-1 <br />Section 2 - Tax Increment Financing Plan <br />for Tax Increment Financing District No. 16 (PSD Business Park A) 2-1 <br />Subsection 2-1. Foreword 2-1 <br />Subsection 2-2. Statutory Authority 2-1 <br />Subsection 2-3. Statement of Objectives 2-1 <br />Subsection 2-4. Development Program Overview 2-1 <br />Subsection 2-5. Description of Property in the District and Property To Be Acquired 2-2 <br />Subsection 2-6. Classification of the District 2-2 <br />Subsection 2-7. Duration and First Year of Tax Increment of the District 2-3 <br />Subsection 2-8. Original Tax Capacity, Tax Rate and Estimated Captured Net Tax Capacity <br />Value/Increment and Notification of Prior Planned Improvements 2-3 <br />Subsection 2-9. Sources of Revenue/Bonds to be Issued 2-4 <br />Subsection 2-10. Uses of Funds 2-5 <br />Subsection 2-11. Fiscal Disparities Election 2-5 <br />Subsection 2-12. Business Subsidies 2-6 <br />Subsection 2-13. County Road Costs 2-7 <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />Subsection <br />2-14 <br />2-15 <br />2-16 <br />2-17 <br />2-18 <br />2-19 <br />2-20 <br />2-21 <br />2-22 <br />2-23 <br />2-24 <br />2-25 <br />2-26 <br />2-27 <br />. Estimated Impact on Other Taxing Jurisdictions 2-7 <br />. Supporting Documentation 2-9 <br />. Definition of Tax Increment Revenues 2-9 <br />. Modifications to the District 2-9 <br />. Administrative Expenses 2-10 <br />. Limitation of Increment 2-11 <br />. Use of Tax Increment 2-11 <br />. Excess Increments 2-12 <br />. Requirements for Agreements with the Developer 2-12 <br />. Assessment Agreements 2-13 <br />. Administration of the District 2-13 <br />. Annual Disclosure Requirements 2-13 <br />. Reasonable Expectations 2-13 <br />. Other Limitations on the Use of Tax Increment 2-13 <br />Subsection 2-28. Summary 2-14 <br />Appendix A <br />Project Description A-1 <br />Appendix B <br />Map of Development District No. 1 and the District B-1 <br />Appendix C <br />Description of Property to be Included in the District C-1 <br />Appendix D <br />Estimated Cash Flow for the District D-1 <br />
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