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11 <br /> • TIF Summary <br /> Page 3 <br /> Benefits of Using TIF in this Manner <br /> 1. Less cost to taxpayer by not having to set up new district. <br /> 2. Less cost to taxpayer by not being penalized LGA. <br /> 3. Less cost to taxpayer by not having to issue bonds. <br /> 4. Immediate gain in tax value to some properties not in the district. <br /> Status of Existing TIF Districts <br /> TIF Tyne Increment Terminates <br /> *Chandler Housing $240,000 per year 2010 <br /> *Kenzie Terrace Housing $461,910 debt until 1999 2008 <br /> Evergreen Townhomes Housing $59,000 2001 <br /> Walbon Housing $35,000 debt until 2001 2011 <br /> Apache Plaza Commercial ----- 2018 <br /> *The Chandler and Kenzie Terrace districts are the districts the City is using for the <br /> • expenditures. <br /> Apache Plaza <br /> • <br />