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"Supplemental Available Tax Increment" means one hundred percent (100%) of the <br />• Townhome Available Tax Increment which amount shall be applied as follows: (i) forty <br />and 60/100 percent (40.6%) to each scheduled payment under the Multifamily TIF Note; <br />and (ii) fifty-nine and 40/100 percent (59.4%) to each scheduled payment under the <br />Senior TIF Note. For purposes of determining the amount of Supplemental Available <br />Tax Increment 9.5% of the on 'nal net tax of the Tax Inc ent District shall <br />be allocated to the Development Property." <br />2. Section 4.2 is amended to read as follows: <br />"Section 4.2. Payment. The City shall pay on each Scheduled Payment Date, the <br />Supplemental Available Tax Increment as follows: (i) forty and 60/100 percent (40.6%) to <br />the Multifamily Project Developer in accordance with the Multifamily TIF Note; (ii) fifty- <br />nine and 40/100 percent (59.4%) to Senior Project Developer in accordance with the <br />Senior TIF Note." <br />3. Except as hereby specifically amended, the Development Agreement and all of <br />the terms and provisions thereof shall remain unchanged and in full force and effect. <br />4. This Amendment maybe executed in counterparts, each of which shall constitute <br />an original and all of which together shall constitute one and the same instrument. <br />• [The remainder of this a e has been left bl <br />p g ank intentionally. <br />Signature pages follow.] <br /> <br />2 <br />