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<br /> <br /> <br />TABLE OF CONTENTS <br /> <br /> <br /> <br />Section Page(s) <br /> <br />A. Definitions ................................................................................................................................... 1 <br />B. Statutory Authorization ............................................................................................................... 1 <br />C. Statement of Need and Public Purpose ..................................................................................... 2 <br />D. Statement of Objectives ............................................................................................................. 2 <br />E. Designation of Tax Increment Financing District as an <br />Economic Development District ............................................................................................... 2 <br />F. Duration of the TIF District ......................................................................................................... 3 <br />G. Property to be Included in the TIF District .................................................................................. 3 <br />H. Property to be Acquired in the TIF District ................................................................................. 3 <br />I. Specific Development Expected to Occur Within the TIF District .............................................. 3 <br />J. Findings and Need for Tax Increment Financing ....................................................................... 4 <br />K. Estimated Public Costs .............................................................................................................. 5 <br />L. Estimated Sources of Revenue .................................................................................................. 6 <br />M. Estimated Amount of Bonded Indebtedness .............................................................................. 6 <br />N. Original Net Tax Capacity .......................................................................................................... 6 <br />O. Original Tax Capacity Rate ........................................................................................................ 7 <br />P. Projected Retained Captured Net Tax Capacity and Projected Tax Increment ......................... 7 <br />Q. Use of Tax Increment ................................................................................................................. 8 <br />R. Excess Tax Increment ................................................................................................................ 9 <br />S. Tax Increment Pooling and the Five-Year Rule ......................................................................... 9 <br />T. Limitation on Administrative Expenses ...................................................................................... 9 <br />U. Limitation on Property Not Subject to Improvements - Four Year Rule ..................................... 10 <br />V. Estimated Impact on Other Taxing Jurisdictions ........................................................................ 10 <br />W. Prior Planned Improvements ...................................................................................................... 11 <br />X. Development Agreements .......................................................................................................... 11 <br />Y. Assessment Agreements ........................................................................................................... 11 <br />Z. Modifications of the Tax Increment Financing Plan ................................................................... 12 <br />AA. Administration of the Tax Increment Financing Plan ................................................................. 12 <br />AB. Financial Reporting and Disclosure Requirements .................................................................... 13 <br /> <br /> <br />Map of the Tax Increment Financing District ........................................................................ EXHIBIT I <br />Assumptions Report .............................................................................................................. 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 /> <br /> <br /> <br />Page 16 of 64