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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 SECTION 11 - 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 ....................... a a . . . . . . . . . . 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 .......... a ........................... 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 ........................................... 2-6 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 ................. * * I ' " * * ........ * * * * ' .... 2-10 Subsection 2-15. Estimated Impact on Other Taxing Jurisdictions ................ 2-10 Subsection 2-16. Supporting Documentation ................................ 2-11 Subsection 2-17. Definition of Tax Increment Revenues ........................ 2-11 Subsection 2-18. Modifications to the District ................................ 2-12 Subsection* 2-19. Administrative Expenses .................................. 2-12 Subsection 2-20. Limitation of Increment ................................... 2-13 Subsection 2-21. Use of Tax Increment .................................... 2-14 Subsection 2-22. Excess Tax Increments ..... K . . 0, , 0 , , * 0 ...... 2-15 Subsection 2-23. Requirements for Agreements with the Developer .............. 2-15' Subsection 2-24. Assessment Agreements ................................. 2-15 Subsection 2-25. Administration of the District .............................. * a 2-1-5 Subsection 2-26. Annual Disclosure Requirements ........................... 2-16 Subsection 2-27. Reasonable Expectations .......... 4 .. 0 .......... W .... a ... 9 2-16 Subsection 2-28. Other Limitations on the Use of Tax Increment ................. 2-16 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 .......................... 0 a D-1 17