Laserfiche WebLink
Table of Contents <br />(for reference purposes only) <br />Section 1 - Modification to the Development Program <br />f o r D e v e l o p m e n t D i s t r i c t N o . 3 ............................................. 1 - 1 <br />F o r e w o r d ............................................................. 1 - 1 <br />Section 2 - Tax Increment Financing Plan <br />for Tax Increment Financing District No. 3-4 .................................. 2 - 1 <br />S u b s e c t i o n 2 - 1 . F o r e w o r d............................................... 2 - 1 <br />S u b s e c t i o n 2 - 2 . S t a t u t o r y A u t h o r i t y........................................ 2 - 1 <br />S u b s e c t i o n 2 - 3 . S t a t e m e n t o f O b j e c t i v e s ................................... 2 - 1 <br />S u b s e c t i o n 2 - 4 . D e v e l o p m e n t P r o g r a m O v e r v i e w ............................ 2 - 1 <br />Subsection 2-5. Description of Property in the District and Property To Be Acquired . 2-2 <br />S u b s e c t i o n 2 - 6 . C l a s s i f i c a t i o n o f t h e D i s t r i c t................................. 2 - 2 <br />Subsection 2-7. Duration and First Year of Tax Increment of the D i s t r i c t........... 2 - 4 <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 - 4 <br />Subsection 2-9. Sources of Revenue/Bonds to be Issued ...................... 2 - 5 <br />Subsection 2-10. Uses of Funds ........................................... 2 - 6 <br />S u b s e c t i o n 2 - 1 1 . F i s c a l D i s p a r i t i e s E l e c t i o n.................................. 2 - 6 <br />S u b s e c t i o n 2 - 1 2 . B u s i n e s s S u b s i d i e s....................................... 2 - 7 <br />Subsection 2-13. County Road Costs ....................................... 2 - 8 <br />Subsection 2-14. Estimated Impact on Other Taxing Jurisdictions ................. 2 - 8 <br />Subsection 2-15. Supporting Documentation ................................ 2 - 1 0 <br />Subsection 2-16. Definition of Tax Increment Revenues ....................... 2 - 1 0 <br />S u b s e c t i o n 2 - 1 7 . M o d i f i c a t i o n s t o t h e D i s t r i c t................................ 2 - 1 1 <br />Subsection 2-18. Administrative Expenses .................................. 2 - 1 1 <br />Subsection 2-19. Limitation of Increment ................................... 2 - 1 2 <br />S u b s e c t i o n 2 - 2 0 . U s e o f T a x I n c r e m e n t .................................... 2 - 1 3 <br />S u b s e c t i o n 2 - 2 1 . E x c e s s I n c r e m e n t s ...................................... 2 - 1 3 <br />Subsection 2-22. Requirements for Agreements with the Developer .............. 2 - 1 5 <br />S u b s e c t i o n 2 - 2 3 . A s s e s s m e n t A g r e e m e n t s ................................. 2 - 1 5 <br />S u b s e c t i o n 2 - 2 4 . A d m i n i s t r a t i o n o f t h e D i s t r i c t ............................... 2 - 1 5 <br />Subsection 2-25. Annual Disclosure Requirements ........................... 2 - 1 5 <br />Subsection 2-26. Reasonable Expectations ................................. 2 - 1 5 <br />Subsection 2-27. Other Limitations on the Use of Tax Increment . ................ 2 - 1 6 <br />S u b s e c t i o n 2 - 2 8 . S u m m a r y.............................................. 2 - 1 7 <br />Appendix A <br />P r o j e c t D e s c r i p t i o n ...................................................... A - 1 <br />Appendix B <br />M a p o f D e v e l o p m e n t D i s t r i c t N o . 3 a n d t h e D i s t r i c t ............................. B - 1 <br />Appendix C <br />Description of Property to be Included in the District ............................ C - 1 <br />Appendix D <br />E s t i m a t e d C a s h F l o w f o r t h e D i s t r i c t ........................................ D - 1