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Tax Increment Financing (TIF) <br />Common Methods for Financing Costs <br />Upfront <br />PayG o <br />bakertitl <br />y <br />now, for tomorrow. <br />Tax increment pays at least 20% of debt <br />service costs <br />Obligation to levy for debt issue, if needed <br />Minimum assessment agreement <br />Taxable bonds may result <br />Developer pays for public improvements <br />Reimbursed by tax increment <br />Reimbursement limited to amount of TIF <br />collected <br />