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The developer would request that this assistance be considered as <br />a combined bond issue and "pay as you go", based upon the net <br />present value of the funds provided over time. <br />1 CALCULATION OF THE INCREMENT <br />Ode have conducted an analysis of the existing tax capacity <br />of the current site: and of the proposed expansion. Our analysis <br />projects in increment of approximately $795,000. This increment <br />tI <br />can adequately service the developer's r(-quenst utilizing less <br />than 10 years of the projected increment. Thu. proposed District, <br />as a Redevelopment District, wou;la provide %;Ip to 23 years of <br />projected increatent. Thit City w►)uld have g.tiff;icient revenues <br />available to prowide dir,i!ct rwf1sispance for ocher adjacent public <br />improvement pro jOctit . <br />A revi+tw of iyur calculations folk, tho "tIV &%nj,stanee is as follows: <br />tTho analynkK of t1l,tj Oxjititing m,�irkot valuak\t i+ann on the 22 home <br />tnC,,1U,d#!d 41n Rx uibit 01,, <br />CAbraULATt.ON i, F TU tRAC.RFLSFHT <br />A. <br />TAX <br />TOTAL $ 9 , 11 1 ,, 700 <br />S igneic.1►6t nfid Public �4Y�� #`k4�"f'm�`il� r� <br />f <br />- '? <br />Dui 1 d i inq <br />i�en��►wit i on <br />.� <br />"ran t. <br />$1,200 <br />100 <br />;+G3,000 <br />fJ <br />