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bakerti ll <br /> 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 />