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TIF Request <br />15 year TIF note 5% interest rate. <br />Value up to $650,000 <br />*Annual TIF is estimated by MWF to be $61,011 <br />Current taxes paid: $3,964 <br />Projected taxes after project completion: $72,000 <br />Less .36% auditors fee and 10% city fee <br />= $61,011