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<br /> I' , <br /> ~e Revenue April 26, 1993 Total as of <br /> I Establishment May 27, 1997 <br /> Modification <br /> Tax Increments $958,950.00 $883,921.00 <br /> I Interest Earnings $10,000.00 <br /> I Special Assessments $0,00 <br /> Other <br /> I Total $958,950.00 $958,950.00 <br /> I Section 4.] 2 Estimated Original and Captured Tax Capacities. The tax capacity of all taxable property in <br /> Tax Increment Financing District No.3 for the 1992/93 tax year is estimated to be 5,443. <br /> I The estimated captured tax capacity of Tax Increment Financing District No.3 upon completion of the <br /> proposed improvements on January 2,1994 is estimated to be $48,853. <br /> I (As Modified May 27,1997) <br /> For taxes payable in 1997, the original tax capacity was $3,524 and the captured tax capacity was <br /> $62,329. <br /> -- <br /> Section 4.17 Estimated Impact on Other Taxing Jurisdictions. The estimated impact on other taxing <br /> I jurisdictions assumes construction would have occurred without the creation of Tax Increment Financing <br /> District No.3. If the construction is a result of tax increment financing, the impact is $0 to other entities. <br /> Notwithstanding the fact that the fiscal impact on other taxing jurisdictions is $0 due to the fact that the <br /> I financing would not have occurred without the assistance of the City, Exhibit N -E reflects the estimated <br /> impact of Tax Increment Financing District No.3 if the "but for" test was not met. <br /> I (As Modified May 27, 1997) <br /> No additional fiscal implications are contemplated. Even though the captured tax capacity amount is <br /> I higher than expected, the total tax increment to be retained by the City will not increase and will only <br /> be used to retire the existing debt and pay for city administrative costs. <br /> I Sections 4.] 8. Modification of Tax Increment Financing District and/or Tax Increment Financing Plan. As <br /> of June 26, 1989, no modifications to Tax Increment Financing District No.3 or the Tax Increment Financing <br /> Plan therefore have been made, said date being the date of initial approval and adoption thereof by the City <br /> I Council. <br /> (As Modified May 27, 1997) <br /> I As of May 27, 1997, the Tax Increment Financing Plan was modified to account for a more detailed <br /> " project costs and account for the bonded indebtedness. <br /> Modification for Tax Increment Financing Plan for Tax Increment Financing District No.3 IV.3 <br /> I <br />