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1 <br />Proposed Senior Care Campus <br />•City received application for financial assistance <br />–Tax increment financing (housing) <br />–Amount of $5.3 million over 15 years <br />•Approximate $77 million investment <br />–$28.8 million within district boundaries (senior building) <br />•Annual net increment estimate of $392,248 <br />–$6-7 million (estimate) outside boundaries <br />•Annual estimate of City share of taxes $36,000 * <br />* Does not include corner retail