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Tax Abatement Bonds <br />• In any one year, the TOTAL amount of <br />abatement (for all issues) cannot exceed <br />10% of our net tax capacity <br />• 10% of Net Tax Capacity = $1,460,311 <br />• Pay 2016 = $302,617 <br />• Pay 2017 = $304,083 <br />• Pay 2018 = $445,313 <br />• Pay 2019 = $447,392 <br />