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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 />(AS ADOPTED FEBRUARY 14, 1990) <br />(Tax Increment Financing District No. 2 -1) <br />Acquisition $ 482,900 <br />Demolition /Site Development 35,000 <br />SUBTOTAL $ 517,900 <br />Less: Developer Purchase Cost ( 184,908) <br />Administration 48,008 <br />Professional Services 5,000 <br />SUBTOTAL $ 366,000 <br />Capitalized Interest 85,000 <br />Discount 9,000 <br />TOTAL BOND ISSUE $ 480,000* <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 and expended within Tax Increment <br />Financing District No. 2 -1. <br />*As an alternative to issuing Tax Increment Bonds, the City <br />reserves the right to pay for the above - listed public costs as <br />1 -5 <br />Page 12 <br />