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Table of Contents <br />(for reference purposes only) <br />Section 1 - Modification to the Redevelopment Plan <br />for the Mounds View Economic Development Project ........................... 1-1 <br />Foreword ............................................................. 1-1 <br />Section 2 - Tax Increment Financing Plan <br />for Tax Increment Financing District No. 1-6 .................................. 2-1 <br />Subsection 2-1. Foreword............................................... 2-1 <br />Subsection 2-2. Statutory Authority........................................ 2-1 <br />Subsection 2-3. Statement of Objectives ................................... 2-1 <br />Subsection 2-4. Redevelopment Plan Overview .............................. 2-1 <br />Subsection 2-5. Description of Property in the District and Property To Be Acquired . 2-2 <br />Subsection 2-6. Classification of the District................................. 2-2 <br />Subsection 2-7. Duration and First Year of Tax Increment of the District........... 2-3 <br />Subsection 2-8. Original Tax Capacity, Tax Rate and Estimated Captured Net Tax Capacity <br />Value/Increment and Notification of Prior Planned Improvements ................ 2-4 <br />Subsection 2-9. Sources of Revenue/Bonds to be Issued ...................... 2-5 <br />Subsection 2-10. Uses of Funds ........................................... 2-5 <br />Subsection 2-11. Fiscal Disparities Election.................................. 2-6 <br />Subsection 2-12. Business Subsidies....................................... 2-7 <br />Subsection 2-13. County Road Costs ....................................... 2-8 <br />Subsection 2-14. Estimated Impact on Other Taxing Jurisdictions ................. 2-8 <br />Subsection 2-15. Supporting Documentation ................................ 2-10 <br />Subsection 2-16. Definition of Tax Increment Revenues ....................... 2-10 <br />Subsection 2-17. Modifications to the District................................ 2-10 <br />Subsection 2-18. Administrative Expenses .................................. 2-11 <br />Subsection 2-19. Limitation of Increment ................................... 2-12 <br />Subsection 2-20. Use of Tax Increment .................................... 2-12 <br />Subsection 2-21. Excess Increments ...................................... 2-13 <br />Subsection 2-22. Requirements for Agreements with the Developer .............. 2-13 <br />Subsection 2-23. Assessment Agreements ................................. 2-14 <br />Subsection 2-24. Administration of the District ............................... 2-14 <br />Subsection 2-25. Annual Disclosure Requirements ........................... 2-14 <br />Subsection 2-26. Reasonable Expectations ................................. 2-14 <br />Subsection 2-27. Other Limitations on the Use of Tax Increment . ................ 2-14 <br />Subsection 2-28. Summary.............................................. 2-15 <br />Appendix A <br />Project Description ...................................................... A-1 <br />Appendix B <br />Map of the Mounds View Economic Development Project and the District ........... B-1 <br />Appendix C <br />Description of Property to be Included in the District ............................ C-1 <br />Appendix D <br />Estimated Cash Flow for the District ........................................ D-1