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6. Encourage local business expansion, improvement, and <br />development, whenever possible. <br />7. Create a desirable and unique character within the <br />District through quality land use alternatives and design <br />quality in new and remodeled buildings. <br />8. Encourage and provide maximum opportunity for private <br />redevelopment of existing areas and structures which are <br />compatible with the Development Program. <br />Subsection 1.5. Estimated Public Costs and Supportive <br />Data. The estimated costs of the public improvements to be <br />made within Development District No. 2 and financed by tax <br />increments will be derived from the Tax Increment Financing <br />Districts within Development District No. 2. <br />(Tax Increment Financing District No. 2 -1) <br />As Adopted As Modified <br />2/14/90 4/11/90 <br />Acquisition $ 482,900 $1,775,000 <br />Public Improvements - Off Site -0- 150,000 <br />Demolition "Site Development 35,000 150,000 <br />SUBTOTAL $ 517,900 $2,075,000 <br />Less: Developer Purchase Cost ( 184,908) (684,500) <br />Administration 48,008 150,000 <br />Professional Services 5,000 18,500 <br />SUBTOTAL $ 366,000 $1,559,000 <br />Capitalized Interest 85,000 365,000 <br />Discount 9,000 $ 36,000 <br />TOTAL BOND ISSUE $ 480,000* $1,960,000* <br />It is anticipated that the estimated costs described above <br />will be financed from tax increments from Tax Increment <br />Financing District No. 2 -1. <br />1 -5 <br />Page 15 <br />