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CC PACKET 06271995
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CC PACKET 06271995
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Last modified
12/30/2015 6:25:07 PM
Creation date
12/30/2015 6:24:54 PM
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SP Box #
22
SP Folder Name
CC PACKETS 1994-1998
SP Name
CC PACKET 06271995
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6 <br /> Offsetting such later termination of the Districts will be an increase in <br /> tax capacity to certain property which is not located in a tax increment financing <br /> district as a result of redevelopment of such property. Such increase in tax capacity <br /> will be available for taxation by the City and the local governmental units. <br /> V. DETERMINATIONS IN ORIGINAL FINANCING PLAN <br /> The determinations made in the Financing Plans'with respect to <br /> designation of the Kenzie Terrace Tax,Increment District as a redevelopment district <br /> and the designation of the Chandler Place Tax Increment District as a housing <br /> district, the impact of the establishment of the Districts and the implementation of <br /> the Redevelopment Plans and undertaking of the Redevelopment Projects and the <br /> captured tax capacity of the Districts upon the redevelopment thereof are not <br /> affected by this Master Modification and such determinations remain in full force <br /> and effect following the adoption of this Master Modification. <br /> VI. ADDITIONAL AMENDMENTS TO PLAN <br /> The City and the HRA reserve the right to alter this Master <br /> Modification and to further amend or modify the Redevelopment Plans and the <br /> Financing Plans by their joint action, subject to the provisions of state law regulating <br /> such action. <br /> • VII. ORIGINAL PLAN <br /> The Redevelopment Plans and the Financing Plans, except to the <br /> extent provisions thereof are explicitly amended or supplemented by this Master <br /> Modification shall remain in and be in full force and effect. <br /> -4- <br />
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