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05-06-2019 Council Packet
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05-06-2019 Council Packet
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Last modified
10/30/2021 1:08:47 PM
Creation date
5/7/2019 11:39:32 AM
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City Council
Council Document Type
Council Packet
Meeting Date
05/06/2019
Council Meeting Type
Regular
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Tax Increment Revenue <br />Estimate Scenarios <br />10 <br />Scenario 1 <br />Total Number of Years 10.5 <br />Total Estimated Taxable Value $22,991,000 <br />Estimated Gross Annual Increment $326,740 <br />Estimated Annual City Retained (5%)$16,337 <br />Estimated Net Annual Increment (95%)$310,403 <br />Total Gross Tax Increment $3,745,391 <br />City Retainage (5%) $187,271 <br />Net Amount to Development (95%)$3,558,120
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