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5 . Captured Assessed Value <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 /> can be calculated as follows : <br /> Estimated Original <br /> Assessed Assessed Estimated Captured <br /> Value Value Assessed Value <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 /> All 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 /> 10 . <br />