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APPENDIX C <br /> BUT/FOR QUALIFICATIONS <br /> The Developer has submitted proforma analysis and other supporting information related to the need for the <br /> use of tax increment financing. This information shows that without the use of tax increment financing,the <br /> proposed development is not financially feasible. The rents required with the assistance cannot be supported <br /> and do not make the housing available for persons of low and moderate income. The projected income from <br /> the development do not produce sufficient return on investment to make a feasible project without tax <br /> increment assistance. <br /> The Authority will enter into a development agreement in conjunction with granting the tax increment <br /> assistance. This agreement will provide additional representations by the Developer concerning the need for <br /> the use of tax increment financing. <br /> APPENDIX C-1 <br />