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CAPITAL PROJECT FUNDS -TIF <br /> <br /> <br />2022 expenditures in this district include the repayment of the developer costs, per the development <br />agreement. Per this agreement, the developer is paid 90% of the available tax increment in the district up to <br />$150,000. It is anticipated that this obligation will be paid in full in 2024. <br /> <br />TIF 7-3 (Spruce Warehouse) (Fund 473): <br />Required Decertification Date: anticipated to be 12/31/2032 <br />District Type: Economic Development District <br />County TIF Number: TBD <br /> <br />TIF 7-3 was established in 2021 to facilitate the construction of a light industrial warehousing distribution facility <br />due to the extraordinary soils, environmental and site improvement/development costs that are necessary for <br />the project. Per the development agreement, the developer is paid 85% of the available tax increment in the <br />district up to $800,000. <br /> <br /> <br />99