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S <br /> Apache: <br /> 1) 1998 will be the first year we receive increment for Apache. <br /> ' 2) The first year's TIF will be $120,000 and will be adequate <br /> to make current interest payments due for the $1.7 bonds issued. <br /> ' 3) The TIF revenue will continue increase for the next two or <br /> three years which is common in all Districts. <br /> 4) Annual revenue needed is approximately $204,000. <br /> 5) The impact of the 1998 reduction in TIF is difficult to determine <br /> because this is the first year of tax increment revenue. <br /> 6) Further reductions in the class rates could cause financial <br /> ' deficiencies (Tax Increment could be less than bond payment). <br /> 7) Any increase in the tax base for Apache will have a positive <br /> Impact on the revenue. <br /> ' 8) Debt is retired 2/1/13. <br /> 9) District ends 2018. <br /> t <br /> 1 <br /> 1 <br /> 1 <br />