6.1. SR 11-01-2004 - Laserfiche WebLink

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TABLE OF CONTENTS (for reference purposes only) SECTION 1- MODIFICATION TO THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO.1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1-1 Foreword ............................................................. 1-1 SECTION 11- TAX INCREMENT FINANCING PLAN FOR DOWNTOWN PHASE I TAX INCREMENT FINANCING DISTRICT NO. 22 . . . . .. 2-1 Subsection 2-1. Foreword............................................... 2-1 Subsection 2-2. Statutory Authority. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2-1 Subsection 2-3. Statement of Objectives ................................... 2-1 Subsection 2-4. Development Program Overview ............................ 2-1 Subsection 2-5. Description of Property in the District and Property To Be Acquired . 2-2 Subsection 2-6. Classification of the District. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2-2 Subsection 2-7. Duration of the District. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2-4 Subsection 2-8. Original Tax Capacity, Tax Rate and Estimated Captured Net Tax Capacity Value/Increment and Notification of Prior Planned Improvements. . . . . . . . . . . . . . .. 2-4 Subsection 2-9. Sources of Revenue/Bonded Indebtedness .................... 2-5 Subsection 2-10. Uses of Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2-6 Subsection 2-11. Business Subsidies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2-6 Subsection 2-12. County Road Costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2-7 Subsection 2-13. Estimated Impact on Other Taxing Jurisdictions. . . . . . . . . . . . . . . .. 2-8 Subsection 2-14. Supporting Documentation ................................. 2-8 Subsection 2-15. Definition ofTax Increment Revenues ........................ 2-9 Subsection 2-16. Modifications to the District . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2-9 Subsection 2-17. Administrative Expenses. ..... .. . . . . . . . . . . . . . . . . . . . . . . . . .. 2-10 Subsection 2-18. Limitation of Increment ................................... 2-10 Subsection 2-19. Use ofTax Increment.................................... 2-11 Subsection 2-20. Excess Increments ...................................... 2-12 Subsection 2-21. Requirements for Agreements with the Developer. . . . . . . . . . . . .. 2-12 Subsection 2-22. Assessment Agreements ................................. 2-12 Subsection 2-23. Administration of the District. . . . . . . . . . .. . . . . . . . . . . . . .. . . . .. 2-13 Subsection 2-24. Annual Disclosure Requirements ........................... 2-13 Subsection 2-25. Reasonable Expectations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2-13 Subsection 2-26. Other Limitations on the Use of Tax Increment. . . . . . . . . . . . . . . .. 2-13 Subsection 2-27. Summary.............................................. 2-14 APPENDIX A PROJECT DESCRIPTION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. A-1 APPENDIX B MAP(S) OF DEVELOPMENT DISTRICT NO.1 AND THE DISTRICT. . . . . . . . . . . . . .. B-1 APPENDIX C DESCRIPTION OF PROPERTY TO BE INCLUDED IN THE DISTRICT. . . . . . . . . . . .. C-1 APPENDIX D REDEVELOPMENT QUALIFICATIONS FOR THE DISTRICT ................... . 0-1 APPENDIX E PRIOR PLANNED IMPROVEMENTS ....................................... E-1