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TABLE OF CONTENTS <br />ARTICLE I - INTRODUCTION AND DEFINITIONS ........................... ..............................1 <br />Section 1.01 Introduction ........................................................ ..............................1 <br />Section 1.02 Definitions ........................................................... ..............................1 <br />Section 1.03 Plan Preparation ................................................. ..............................1 <br />ARTICLE 11- DEVELOPMENT PROGRAM ......................................... ..............................2 <br />Section2.01 <br />Overview ............................................................. ..............................2 <br />Section 3.02 <br />Section 2.02 <br />Statement of Objectives ..................................... ..............................2 <br />3.02.1 <br />Section 2.03 <br />Boundaries of Development District ............... ..............................2 <br />3.02.2 <br />Section 2.04 <br />Development Activities ..................................... ..............................2 <br />3.02.3 <br />Section 2.05 <br />Payment of Public Costs .................................... ..............................2 <br />3.02.4 <br />Section 2.06 <br />Environmental Controls; Land Use Regulations .........................3 <br />3.02.5 <br />Section 2.07 <br />Proposed Reuse of Property ............................. ..............................3 <br />Section 3.03 <br />Section 2.08 <br />Administration and Maintenance of Development District ......3 <br />3.03.1 <br />Section2.09 <br />Relocation ............................................................ ..............................3 <br />3.03.2 <br />Section2.10 <br />Amendments ....................................................... ..............................3 <br />3.03.3 <br />ARTICLE III - TAX INCREMENT FINANCING PLAN ........................ ..............................4 <br />Section 3.01 <br />Statutory Authority ............................................ ..............................4 <br />Section 4.02 <br />Section 3.02 <br />Planned Development ....................................... ..............................4 <br />4 -Year Knockdown Rule .................................... ..............................9 <br />3.02.1 <br />Project Description ........................................................ ..............................4 <br />3.02.2 <br />City Plans and Development Program ..................... ............................... <br />4 <br />3.02.3 <br />Land Acquisition ........................................................... ..............................4 <br />3.02.4 <br />Development Activities ................................................ ..............................4 <br />3.02.5 <br />Need for Tax Increment Financing ............................. ..............................4 <br />Section 3.03 <br />Tax Increment Financing District ..................... ..............................5 <br />3.03.1 <br />Designation ................................................................... ............................... <br />5 <br />3.03.2 <br />Boundaries of TIF District ............................................ ..............................5 <br />3.03.3 <br />Type of District .............................................................. ..............................6 <br />Section 3.04 <br />Plan for Use of Tax Increment .......................... ..............................6 <br />3.04.1 <br />Estimated Tax Increment .............................................. ..............................6 <br />3.04.2 <br />Fiscal Disparities Election ............................................ ..............................6 <br />3.04.3 <br />Development Costs ....................................................... ..............................6 <br />3.04.4 <br />Estimated Sources and Uses of Funds ...................... ............................... <br />7 <br />3.04.5 <br />Administrative Expense ............................................... ..............................7 <br />3.04.6 <br />County Road Costs ...................................................... ............................... <br />8 <br />3.04.7 <br />Bonded Indebtedness .................................................. ............................... <br />8 <br />3.04.8 <br />Duration of TIF District ................................................ ..............................8 <br />3.04.9 <br />Estimated Impact on Other Taxing Jurisdictions .... ............................... <br />8 <br />3.04.10 <br />Prior Planned Improvements ..................................... ............................... <br />8 <br />ARTICLE IV - ADMINISTERING THE TIF DISTRICT ...................... ............................... 9 <br />Section 4.01 <br />Filing and Certification ...................................... ..............................9 <br />Section 4.02 <br />Modifications of the Tax Increment Financing Plan ....................9 <br />Section 4.03 <br />4 -Year Knockdown Rule .................................... ..............................9 <br />Section 4.04 <br />Pooling /5 -Year Rule ........................................... .............................10 <br />Section 4.05 <br />Financial Reporting and Disclosure Requirements ................... <br />10 <br />Section 4.06 <br />Business Subsidy Compliance ......................... .............................11 <br />