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Table of Contents <br />1 Redevelopment Plan for Redevelopment Project Area No. 1 1 -1 <br />1.1 Introduction 1 -1 <br />1.1.1 Definitions 1 -1 <br />1.1.2 Intent and Objectives 1 -1 <br />1.1.3 Statement of Authority 1 -2 <br />1.1.4 Findings 1 -2 <br />1.2 Project Area 1 -2 <br />1.3 Redevelopment Objectives 1 -3 <br />1.4 Redevelopment Activities 1 -4 <br />1.5 Development Standards 1 -4 <br />1.6 Environment Controls 1 -5 <br />1.7 Administration of Project 1 -5 <br />1.8 Modification of Plan 1 -5 <br />2 Tax Increment Financing Plan For Tax Increment Financing District No. 3 -2 2 -1 <br />2.1 Introduction 2 -1 <br />2.2 Summary 2 -1 <br />2.3 Description of District No. 3 -2 2 -2 <br />2.4 Redevelopment Classification 2-4 <br />2.5 Duration of District 2-4 <br />2.6 Economic Parameters for District 2 -5 <br />2.6.1 Original Net Tax Capacity 2 -5 <br />2.6.2 Original Tax Rate 2 -5 <br />2.6.3 Estimated Captured Net Tax Capacity Value /Increment 2 -5 <br />2.7 Finance Plan 2 -6 <br />2.7.1 Use of Tax Increment 2 -6 <br />2.7.2 Estimated Public Costs 2 -7 <br />2.7.3 Bonded Indebtedness 2 -8 <br />2.7.4 Administrative Expense 2 -8 <br />2.7.5 State Tax Increment Financing Aid 2 -9 <br />2.7.6 Excess Tax Increments 2 -9 <br />2.8 Property To Be Acquired 2 -10 <br />2.9 Estimated Impact on Other Taxing Jurisdictions 2 -10 <br />2.10 Modifications to District No. 3 -2 2 -12 <br />2.11 Limitation of Increment 2 -12 <br />2.12 Notification of Prior Planned Improvements 2 -13 <br />2.13 Agreements 2 -13 <br />2.13.1 Requirements for Agreements with the Developer 2 -13 <br />2.13.2 Assessment Agreements 2 -14 <br />2.14 Administration 2 -14 <br />2.15 Financial Reporting Requirements 2 -14 <br />2.15.1 Annual Status Report 2 -14 <br />2.15.2 Annual Statement 2 -14 <br />2.15.3 Report to State Auditor 2 -15 <br />2.16 Municipal Approval and Public Purpose 2 -16 <br />2.17 County Road Costs 2 -17 <br />2.18 Economic Development and Job Creation 2 -18 <br />Page 137 <br />