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TABLE OF CONTENTS <br />(for reference purposes only ) <br />SECTION l -MODIFICATION TO THE REDEVELOPMENT PLAN <br />FOR REDEVELOPMENT PROJECT AREA NO. 1 ............................. 1-1 <br />Foreword ............................................................. 1-1 <br />SECTION /l -MODIFICATION TO THE TAX INCREMENT FINANCING PLAN <br />FOR TAX INCREMENT FINANCING DISTRICT NO. 3-2 ........................ Z-1 <br />SECTION III -TAX INCREMENT FINANCING PLAN <br />FOR TAX INCREMENT FINANCING DISTRICT NO, 3-3 ....................... . 3-1 <br />Subsection 3-1. Foreword ............................................. . 3-1 <br />Subsection 3-2. Statutory Authority ...................................... . 3-1 <br />Subsection 3-3. Statement of Objectives .................................. . 3-1 <br />Subsection 3-4. Redevelopment Plan Overview ............................. . 3-1 <br />Subsection 3-5. Description of Property in the District and Property To Be Acquired 3-Z <br />Subsection 3-6. Classification of the District ............................... . 3-2 <br />Subsection 3-7. Duration of the District ................................... . 3-3 <br />Subsection 3-8. Original Tax Capacity, Tax Rate and Estimated Captured Net Tax Ca pacity <br /> Value/Increment and Notification of Prior Planned Improvements .. . 3-3 <br />Subsection 3-9. Sources of Revenue/Bonded Indebtedness ................... . 3-4 <br />Subsection 3-10. Uses of Funds ......................................... . 3-5 <br />Subsection 3-11. State Tax Increment Financing Aid (Local Contribution) .......... . 3-5 <br />Subsection 3-12. Fiscal Disparities Election ................................. . 3-6 <br />Subsection 3-13. Business Subsidies ..................................... . 3-6 <br />Subsection 3-14. County Road Costs ..................................... . 3-7 <br />Subsection 3-15. Estimated Impact on Other Taxing Jurisdictions ................ . ~-7 <br />Subsection 3-16. Supporting Documentation ................................ . 3-8 <br />Subsection 3-17. Definition of Tax Increment Revenues ....................... . 3-8 <br />Subsection 3-18. Modifications to the District ................................ . 3-9 <br />Subsection 3-19. Administrative Expenses ................................. . 3-9 <br />Subsection 3-20. Limitation of Increment ................................... 3-10 <br />Subsection 3-21. Use of Tax Increment .................................... 3-11 <br />Subsection 3-22. Excess Tax Increments .................................. 3-12 <br />Subsection 3-23. Requirements for Agreements with the Developer .............. 3-12 <br />Subsection 3-24. Assessment Agreements ................................. 3-12 <br />Subsection 3-25. Administration of the District ............................... 3-13 <br />Subsection 3-26. Annual Disclosure Requirements ........................... 3-13 <br />Subsection 3-27. Reasonable Expectations ................................. 3-13 <br />Subsection 3-28. Other Limitations on the Use of Tax Increment ................ 3-13 <br />Subsection 3-29. Summary ............................................. 3-14 <br />APPENDIX A -PROJECT DESCRIPTION ...................................... A-1 <br />APPENDIX B -MAP OF REDEVELOPMENT PROJECT AREA NO. 1 AND THE DISTRICT B-1 <br />APPENDIX C -DESCRIPTION OF PROPERTY TO BE INCLUDED IN THE DISTRICT ... C-1 <br />APPENDIX D -ESTIMATED CASH FLOW FOR THE DISTRICT ..................... D-1 <br />APPENDIX E -HOUSING QUALIFICATIONS FOR THE DISTRICT .................. E-1 <br />APPENDIX F -BUT/FOR QUALIFICATIONS .................................... F-1 <br />