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bakerti ll y <br />now, for tomorrow <br />New Proposed Housing TIF District: <br />Jackson Hill Phase 11 Project <br />Introduction <br />44-unit rental apartment housing project <br />Creation of proposed 'Housing' TIF District <br />• Assist with financing of extraordinary costs <br />• Soils correction and site development <br />• Maximum 26-year term <br />• City policy limits term to 75 years of collection <br />• Pay-as-you-go financing <br />• Project financed entirely upfront by developer <br />• Eligible costs are reimbursed over term of district <br />