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CHAPTER 13 - ECONOMIC DEVELOPMENT AND SPECIAL PROGRAMS F. List of development activities G, Description of other specific development activities that are likely to occur and the date when that development is likely to occur H. Certification of no permits have been issued in the past 18 months I, Estimates of the cost of the project, including administrative expenses J, Estimate of the amount of bonds to be issued K, TIF plan budget with minimum required line -item categories L, Original net tax capacity of the property to be included in the TIF District at completion M. Estimated captured net tax capacity of property in the TIF district N. Estimated impact on all other taxing jurisdictions 0, Duration of the TIF District P. Minimum market value election for housing, redevelopment or hazardous substance subdistricts Q. Minimum assessment agreements, if any R. Cost of county road improvements, if any As well, many of the plans include supporting documentation such as: • Supporting studies, analyses and documentation for all require findings that define the type of district • Narratives, economic development studies, letters, and market value analysis information that validate the "but for" findings • Supporting facts for determination that the TIF plan will afford the maximum opportunity for the development by a private enterprise • Documentation that provides proof of notification to the County Auditor of any prior planned improvements on the properties in the district • Maps of the development & TIF district boundaries • Estimated cash flow assumptions Additionally, there are other statutory requirements that a TIF District must adhere to, many of which should have information included in the TIF plan. The following are some of those requirements: • Reporting Requirements • Three-year knockout rule • Four-year knockdown rule • Five-year expenditure limitations • Pooling restrictions • Excess increment rules • Administrative expense limits • Modification requirements • Developer agreement limitations NOTE: If a TIF plan Is later modified, the modification statute requires the municipality to make all required findings again. These findings must also be supported by adequate documentation. Opportunity to Comment on New District Proposed TIF Pian or Modification of an Existing TIF Plan Prior to a Tax Increment Financing Plan becoming a reality the TIF Authority must provide the County Auditor and the Clerk of the School Board with the proposed tax increment financing plan for the TAX INCREMENT FINANCING REVISION DATE: NOVEMBER, 2010 13.01 -6