3.2. SR 07-13-1998 - Laserfiche WebLink

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TABLE OF CONTENTS Section Page(s) A. Definitions .................................................................................................................. B. Statutory Authorization .............................................................................................. C. Statement of Need and Public Purpose ..................................................................... D. Statement of Objectives ............................................................................................ E. Designation of Tax Increment Financing District as a Redevelopment District ........... F. Duration of the TIF District and the Three Year Rule ................................................. G. Property to be Included in the TIF District .................................................................. H. Property to be Acquired in the TIF District ................................................................. I. Specific Development Expected to Occur Within the TIF District ............................... J. Findings and Need for Tax Increment Financing ....................................................... K. Estimated Public Costs .............................................................................................. L. Estimated Sources of Revenue ................................................................................. M. Estimated Amount of Bonded Indebtedness .............................................................. N. Original Net Tax Capacity .......................................................................................... O. Original Tax Capacity Rate ........................................................................................ P. Projected Retained Captured Net Tax Capacity and Projected Tax Increment .......... Q. Use of Tax Increment ................................................................................................ R. Excess Tax Increment .................................................... = .......................................... S. Tax Increment Pooling and the Five Year Rule .......................................................... T. Limitation on Administrative Expenses ...................................................................... U. Limitation on Property Not Subject to Improvements - Four Year Rule ...................... V. Estimated Impact on Other Taxing Jurisdictions ........................................................ W. Local Government Aid Penalty .................................................................................. X. Prior Planned Improvements ..................................................................................... Y. Development Agreements ......................................................................................... Zo AA. AB. AC. 1 1 1 1 1-2 3 3-4 4 4 5 6 6 6 6-7 7 7-8 8 9 9 10 10 10 11 11 11 Assessment Agreements ........................................................................................... 11-12 Modifications of the Tax Increment Financing Plan .................................................... 12 Administration of the Tax Increment Financing Plan .................................................. 12-13 Financial Reporting and Disclosure Requirements .................................................... 13-15 Map of the Tax Increment Financing District .......................................................... Assumptions Report .............................................................................................. Projected Tax Increment Report ............................................................................ Estimated Impact on Other Taxing Jurisdictions Report ........................................ Market Value Analysis Report ................................................................................ EXHIBIT I EXHIBIT II EXHIBIT III EXHIBIT IV EXHIBIT V