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• TABLE OF CONTENTS (for reference purposes only) SECTION I -MODIFICATION TO THE PROJECT PLAN FOR THE MOUNDS VIEW ECONOMIC DEVELOPMENT PROJECT .............. 1-1 Foreword ............................................................. 1-1 SECTION II -TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 5 .......................... 2-1 Subsection 2-1. Foreword ............................................... 2-1 Subsection 2-2. Statutory Authority ........................................ 2-1 Subsection 2-3. Statement of Objectives ................................... 2-1 Subsection 2-4. Project Plan Overview ..................................... 2-2 Subsection 2-5. Description of Property in the District and Property To Be Acquired 2-2 Subsection 2-6. Classification of the District ................................. 2-3 Subsection 2-7. Duration of the District ...................................... 2-3 Subsection 2-8. Original Tax Capacity, Tax Rate and Estimated Captured Net Tax Cap acity Value/Increment and Notification of Prior Planned Improvements ................ 2-4 Subsection 2-9. Sources of Revenue/Bonded Indebtedness .................... 2-6 Subsection 2-10. Use's of Funds ........................................... 2-7 Subsection 2-11. Fiscal Disparities Election .:............................... 2-10 Subsection 2-12. Business Subsidies ...................................... 2-10 Subsection 2-13. County Road Costs ...................................... 2-11 Subsection 2-14. Estimated Impact on Other Taxing Jurisdictions ................ 2-11 Subsection 2-15. • Subsection 2-16. Supporting Documentation ................................ Definition of Tax Increment Revenues ....................... 2-13 2-14 Subsection 2-17. Modifications to the District ................................ 2-14 Subsection 2-18. Administrative Expenses .................................. 2-15 Subsection 2-19. Limitation of Increment ................................... 2-15 Subsection 2-20. Use of Tax Increment .................................... 2-16 Subsection 2-21. Excess Increments ...................................... 2-17 Subsection 2-22. Requirements for Agreements with the Developer .............. 2-17 Subsection 2-23. Assessment Agreements ................................. 2-17 Subsection 2-24. Administration of the District ............................... 2-17 Subsection 2-25. Annual Disclosure Requirements ........................... 2-18 Subsection 2-26. Reasonable Expectations ................................. 2-18 Subsection 2-27. Other Limitations on the Use of Tax Increment ................. 2-18 Subsection 2-28. Summary ......:....................................... 2-19 APPENDIX A PROJECT DESCRIPTION ................................................ A-1 APPENDIX B MAP OF THE MOUNDS VIEW ECONOMIC DEVELOPMENT PROJECT AND TAX INCREMENT FINANCING DISTRICT ............................... 6-1 APPENDIX C DESCRIPTION OF PROPERTY TO BE INCLUDED IN THE DISTRICT ............. C-1 APPENDIX D • ESTIMATED CASH FLOW FOR THE DISTRICT .............................. D-1