Laserfiche WebLink
<br /> <br />Financial Impact <br />The Jackson Hills Residential Suites Housing Project is estimated to generate $1,340,872 in total gross tax <br />increment from city, county and school district taxes over 26 years. The net amount available to the <br />developer is $1,206,790 or 90 percent of those taxes, with the city retaining 10 percent for administrative <br />expenses over the term of the district. <br /> <br />Per the city policy, the total estimated gross increment available over 15 years for housing projects is <br />$773,580. The developer could receive 90 percent of the gross increment over 15 years of $696,225. <br /> <br />Attachments <br /> Joint Finance Committee Packet <br /> Housing TIF Timeline <br /> <br /> <br /> <br />N:\\Departments\\Community Development\\Economic Development\\HRA\\Administrative\\Agenda\\2018\\02-05-2018\\Laserfiche\\7.8 sr Jackson <br />Hills Residential Suites and Elk River Lodge Housing TIF Application.docx <br />