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Agenda - Economic Development Authority - 08/12/2021
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Agenda - Economic Development Authority - 08/12/2021
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Last modified
3/14/2025 3:36:30 PM
Creation date
8/6/2021 10:59:31 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
08/12/2021
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TABLE OF CONTENTS <br />Modification to the Development Program for Development District No. 1 <br />FOREWORD <br />1 <br />1 <br />Tax Increment Financing Plan for Tax Increment Financing District No. 18 (Oppidan <br />Industrial) 2 <br />FOREWORD <br />STATUTORY AUTHORITY <br />STATEMENT OF OBJECTIVES <br />DEVELOPMENT PROGRAM OVERVIEW <br />DESCRIPTION OF PROPERTY IN THE DISTRICT AND PROPERTY TO BE <br />ACQUIRED <br />DISTRICT CLASSIFICATION <br />2 <br />2 <br />2 <br />3 <br />3 <br />4 <br />DURATION & FIRST YEAR OF DISTRICT'S TAX INCREMENT 5 <br />ORIGINAL TAX CAPACITY, TAX RATE & ESTIMATED CAPTURED NET TAX <br />CAPACITY VALUE/INCREMENT & NOTIFICATION OF PRIOR PLANNED <br />IMPROVEMENTS 5 <br />SOURCES OF REVENUE/BONDS TO BE ISSUED 7 <br />USES OF FUNDS 8 <br />FISCAL DISPARITIES ELECTION 9 <br />ESTIMATED IMPACT ON OTHER TAXING JURISDICTIONS 9 <br />SUPPORTING DOCUMENTATION 11 <br />DISTRICT ADMINISTRATION 12 <br />Appendix A: Map of Development District No. 1 and the TIF District 13 <br />Appendix B: Estimated Cash Flow for the District 14 <br />Appendix C: Findings Including But/For Qualifications 15 <br />
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