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Tax Increment Financing Plan <br />11 <br />Public purpose <br />Construction of approximately 200 senior units <br />Mix of independent, assisted living and skilled care <br />Qualification as housing TIF district <br />At least 20% of the units occupied by persons/families at 50% area <br />median income <br />Term of district <br />Estimated 8.5 years <br />Maximum allowable term of 26 years