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TABLE OF CONTENTS (for reference purposes only) SECTION I - MODIFICATION TO THE REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT AREA NO. 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-1 Foreword . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-1 SECTION II -TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3-5 . . . . . . . . . . . . . . . . . . . . . . . 2-1 Subsection 2-1. Foreword . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-1 Subsection 2-2. Statutory Authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-1 Subsection 2-3. Statement of Objectives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-1 Subsection 2-4. Redevelopment Plan Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-1 Subsection 2-5. Description of Property in the District and Property To Be Acquired 2-2 Subsection 2-6. Classification of the District . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-2 Subsection 2-7. Duration of the District . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-4 Subsection 2-8. Original Tax Capacity,Tax Rate and Estimated Captured Net Tax Capacity Value/Increment and Notification of Prior Planned Improvements . . . . . . . . . . . . . . . 2-4 Subsection 2-9. Sources of Revenue/Bonded Indebtedness . . . . . . . . . . . . . . . . . . . 2-6 Subsection 2-10. Uses of Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-7 Subsection 2-11. State Tax Increment Financing Aid (Local Contribution) . . . . . . . . . . 2-8 Subsection 2-12. Fiscal Disparities Election . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-8 Subsection 2-13. Business Subsidies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-9 Subsection 2-14. County Road Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-10 Subsection 2-15. Estimated Impact on Other Taxing Jurisdictions . . . . . . . . . . . . . . . 2-10 Subsection 2-16. Supporting Documentation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-12 Subsection 2-17. Definition of Tax Increment Revenues . . . . . . . . . . . . . . . . . . . . . . . 2-12 Subsection 2-18. Modifications to the District . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-12 Subsection 2-19. Administrative Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-13 Subsection 2-20. Limitation of Increment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-13 Subsection 2-21. Use of Tax Increment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-14 Subsection 2-22. Excess Tax Increments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-15 Subsection 2-23. Requirements for Agreements with the Developer . . . . . . . . . . . . . 2-15 Subsection 2-24. Assessment Agreements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-16 Subsection 2-25. Administration of the District . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-16 Subsection 2-26. Annual Disclosure Requirements . . . . . . . . . . . . . . . . . . . . . . . . . . 2-16 Subsection 2-27. Reasonable Expectations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-16 Subsection 2-28. Other Limitations on the Use of Tax Increment . . . . . . . . . . . . . . . . 2-17 Subsection 2-29. Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-17 APPENDIX A PROJECT DESCRIPTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A-1 APPENDIX B MAPS OF REDEVELOPMENT PROJECT AREA NO. 3 AND THE DISTRICT . . . . . . B-1 APPENDIX C DESCRIPTION OF PROPERTY TO BE INCLUDED IN THE DISTRICT . . . . . . . . . . . C-1 APPENDIX D ESTIMATED CASHFLOW FOR THE DISTRICT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D-1