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TABLE OF CONTENTS <br /> SECTION I—MODIFICATION TO THE DEVELOPMENT PROGRAM <br /> FOR DEVELOPMENT DISTRICT NO. 1 <br /> Foreword............................................................................................................................................................ 1 <br /> SECTION 11—TAX INCREMENT FINANCING PLAN <br /> FOR TAX INCREMENT FINANCING (ECONOMIC DEVELOPMENT) DISTRICT NO. 23 <br /> A. Definitions.................................................................................................................................................. 2 <br /> B. Statutory Authorization.............................................................................................................................. 2 <br /> C. Statement of Need and Public Purpose..................................................................................................... 2 <br /> D. Statement of Objectives ............................................................................................................................ 2 <br /> E. Designation of Tax Increment Financing District as an <br /> Economic Development District................................................................................................................ 2 <br /> F. Duration of TIF District........................................................................................................... 3 <br /> G. Property to be Included in the TIF District.................................................................................................. 3 <br /> H. Property to be Acquired in the TIF District................................................................................................. 4 <br /> I. Specific Development Expected to Occur Within the TIF District.............................................................. 4 <br /> J. Findings and Need for Tax Increment Financing....................................................................................... 4 <br /> K. Estimated Public Costs.............................................................................................................................. 6 <br /> L. Estimated Sources of Revenue................................................................................................................. 6 <br /> M. Estimated Amount of Bonded Indebtedness.............................................................................................. 7 <br /> N. Original Net Tax Capacity.......................................................................................................................... 7 <br /> 0. Original Tax Capacity Rate........................................................................................................................ 7 <br /> P. Projected Retained Captured Net Tax Capacity and Projected Tax Increment......................................... 8 <br /> Q. Use of Tax Increment................................................................................................................................ 8 <br /> R. Excess Tax Increment............................................................................................................................... 9 <br /> S. Tax Increment Pooling and the Five Year Rule......................................................................................... 9 <br /> T. Limitation on Administrative Expenses...................................................................................................... 10 <br /> U. Limitation on Property Not Subject to Improvements- Four Year Rule..................................................... 10 <br /> V. Estimated Impact on Other Taxing Jurisdictions........................................................................................ 11 <br /> W. Prior Planned Improvements..................................................................................................................... 11 <br /> X. Development Agreements......................................................................................................................... 12 <br /> Y. Assessment Agreements........................................................................................................................... 12 <br /> Z. Modifications of the Tax Increment Financing Plan ................................................................................... 12 <br /> AA. Administration of the Tax Increment Financing Plan.................................................................................. 12 <br /> AB. Financial Reporting and Disclosure Requirements.................................................................................... 13 <br /> Map of the Tax Increment Financing District....................................................................................... EXHIBIT I <br /> Map of the Development District......................................................................................................... EXHIBIT I <br /> AssumptionsReport ........................................................................................................................... EXHIBIT 11 <br /> Projected Tax Increment Report......................................................................................................... EXHIBIT III <br /> Estimated Impact on Other Taxing Jurisdictions Report...................................................................... EXHIBIT IV <br /> Market Value Analysis Report............................................................................................................. EXHIBIT V <br />