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Financing of Proposed Senior Care Campus <br />9 <br />Pay -as-you-go (PayGO) financing <br />Entire project financed upfront by developer <br />Developer pays annual property taxes <br />Reimbursed over time, to the extent increment is available <br />Based on terms of agreement <br />Maximum TIF assistance of $3.6M <br />Based on City feedback for term <br />Reimbursement of eligible costs