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Financing <br /> Bond Financing <br /> • Bonds may be issued without election if at least 20%of debt <br /> service is reasonably expected to be paid with increment. <br /> Pay-As-You-Go Financing <br /> • Developer finances TIF-eligible costs as they are incurred, <br /> and authority promises to reimburse the developer from tax <br /> increment over time, if and when it is generated. <br /> • Typically structured as a revenue note issued to the <br /> developer, with an interest component to compensate the <br /> developer for costs of upfront financing. <br /> .n.,c weir., aio Springstec <br /> Adopting a TIF Plan <br /> • Notice to County Board and School District, at least 30 days <br /> prior to City Council public hearing. <br /> • For redevelopment districts, the individual county commissioner <br /> representing the site must also receive a notice at least 30 days <br /> before the publication of the hearing notice(40 days prior to <br /> public hearing). <br /> • Published notice, 10-30 days prior to public hearing. <br /> • Review by the Planning Commission. <br /> • Public hearing before City Council and EDA. <br /> • Request for Certification to County Auditor. <br /> SpringsteC <br /> 6 <br />