Public Hearing RE Elements of Financial Package for rono Woods

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TABLE OF CONTENTS (for reference purposes only) SECTION II TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1-1 2-1 Subsection 2-1. Foreword 2-1 Subsection 2-2. Statutory Authority 2-1 Subsection 2-3. Statement of Objectives 2-1 Subsection 2-4. Development Plan Overview 2-1 Subsection 2-5. Description of Property in the District and Property To Be Acquired 2-2 Subsection 2-6. Classification of the District 2-2 Subsection 2-7. Duration of the District 2-3 Subsection 2-8. Original Net Tax Capacity 2-3 Subsection 2-9. Prior Planned Improvements 2-4 Subsection 2-10. Original Tax Rate 2-4 Subsection 2-11. Estimated Tax Increment 2-4 Subsection 2-12. Use of Tax Increment 2-5 Subsection 2-13. Sources of Revenue 2-6 Subsection 2-14. Bonded Indebtedness 2-6 Subsection 2-15. Uses of Funds 2-6 Subsection 2-16. Local Contribution (State Tax Increment Financing Aid) 2-7 Subsection 2-17. Fiscal Disparities Election 2-8 Subsection 2-18. Business Subsidies 2-8 Subsection 2-19. County Road Costs 2-8 Subsection 2-20. Estimated Impact on Other Taxing Jurisdictions 2-8 Subsection 2-21. Supporting Documentation 2-9 pp 9 Subsection 2-22. Modifications 2-9 Subsection 2-23. Time Factors 2-9 Subsection 2-24. Administration of the District 2-11 Subsection 2-25. Administrative Expenses 2-11 Subsection 2-26. Excess Tax Increments 2-12 Subsection 2-27. Requirements for Agreements with the Developer 2-12 Subsection 2-28. Assessment Agreements 2-12 Subsection 2-29. Annual Disclosure Requirements 2-12 Subsection 2-30. Reasonable Expectations 2-13 Subsection 2-31. Other Limitations on the Use of Tax Increment 2-13 APPENDIX A PROJECT DESCRIPTION A-1 APPENDIX B ESTIMATED CASH FLOW FOR THE DISTRICT B-1 APPENDIX C BUT/FOR QUALIFICATIONS C-1