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BUILDING COMMUNITIES. IT'S WHAT WE DO. <br />Modification to the Development Program for the Mounds View Economic <br />Development Project <br />1 <br />FOREWORD <br />1 <br />Tax Increment Financing Plan for Tax Increment Financing District No. 1-7 <br />(Villas of Mounds View) <br />2 <br />FOREWORD <br />2 <br />STATUTORY AUTHORITY <br />2 <br />STATEMENT OF OBJECTIVES <br />2 <br />DEVELOPMENT PROGRAM OVERVIEW <br />3 <br />DESCRIPTION OF PROPERTY IN THE DISTRICT AND PROPERTY TO BE <br />ACQUIRED <br />3 <br />DISTRICT CLASSIFICATION <br />4 <br />DURATION & FIRST YEAR OF DISTRICT'S TAX INCREMENT <br />4 <br />ORIGINAL TAX CAPACITY, TAX RATE & ESTIMATED CAPTURED NET TAX <br />CAPACITY VALUE/INCREMENT & NOTIFICATION OF PRIOR PLANNED <br />IMPROVEMENTS <br />5 <br />SOURCES OF REVENUE/BONDS TO BE ISSUED <br />6 <br />USES OF FUNDS <br />7 <br />FISCAL DISPARITIES ELECTION <br />8 <br />ESTIMATED IMPACT ON OTHER TAXING JURISDICTIONS <br />8 <br />SUPPORTING DOCUMENTATION <br />10 <br />DISTRICT ADMINISTRATION <br />11 <br />Appendix A: Map of the Mounds View Economic Development Project and <br />the TIF District <br />12 <br />Appendix B: Estimated Cash Flow for the District <br />13 <br />Appendix C: Findings Including But/For Qualifications <br />14 <br />DOCSOPEN\MU205\52\763645.v2-11 /18/21 <br />