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