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5. Captured Assessed Value <br /> <br /> Each year the assessed value of the TIF District will be <br />adjusted to reflect current valuation changes resulting from <br />development within the TIF District. The estimated value upon <br />completion of development and the estimated date of completion <br />are set forth in Section D.1 of this TIF Plan. Using these <br />figures for estimated value at completion and proposed date of <br />completion, and the figures for original assessed value set <br />forth in Section F.4 above, the estimated captured assessed <br />value of TIF District No. 5 during the years 1988 through 1997 <br /> <br />can be calculated as follows: <br /> <br />Estimated Original <br />Assessed Assessed <br />Value Value <br /> <br />Estimated Captured <br />Assessed Value <br /> <br />Levy Year 1988 $ 15,000 $15,000 $ 0 <br />Levy Year 1989 400,000 15,450 384,550 <br />Levy Year 1990 808,000 15,914 792,087 <br />Levy Year 1991 808,000 16,391 791,609 <br />Levy Year 1992 808,000 16,883 791,117 <br />Levy Year 1993 808,000 17,389 790,611 <br />Levy Year 1994 808,000 17,911 790,089 <br />Levy Year 1995 808,000 18,448 789,552 <br />Levy Year 1996 808,000 19,002 788,998 <br /> <br />Ail of the captured assessed value will be required to finance <br />the acquisition of and correction of soil conditions on the <br />property within the TIF District for conveyance to Alltool, and <br />to finance public improvements necessary to permit additional <br />development in the Development District. Therefore, the City <br /> <br />10. <br /> <br /> <br />