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$. Saurces of Revenue �a �inat�ce Public Costs, This applies to develapment ta <br />occur an� to be financed by tax incremen�s recei�v�d in 20Q8 and 2009. Expendi�ures rr�ay occur <br />after 2009. Publze cos�s are expecied to be $25,1 OO,OOQ, of whic� $2,100,OaQ or rnore (being all <br />the tax incarements tn be received frona fh� district ir� 2008 and 2009) will be paid frozn tax <br />increznen�s ancl the bala.nce irom such so�rees as bonds, special assessments, �rants and <br />develaper contz'ibutions. <br />9. Alternate Esti�na�es of Im act of tl�e Tax Incre�ent Financin . This appiies to <br />developmen� to occur ar�d #o be financed by tax incrernents received in 2008 and 2009. �-lttached <br />as E�hibit A is a calculatio� of aliernate estiz�ates of the fiscal a.nd econo�x�.ze irnpact c�£the <br />amendments on taxin� jurisdictions. Tke impact af this amendrr�ent to the tax inerement <br />fina�cing p2az�: on t�e affected ta�zng jurisdictians zs reflected in the City's an�icipatecl need to <br />utilzze the tax increments genearated fron� Tax Incxement Pinancing District No. 1 during �he <br />p�riod described in Section 3 abave, among others, for the pu�oses af financing the public costs <br />identifi�d in the develap�aent program, followzng whieh perioc� the incr�ased tax capacities of tlie <br />dxstrict will i��.re to �h� bene�t oi suc� taxzng jurisdicti�ns. <br />O� the assumption, which is �o�d to be the case, thai the estimated cap�ured ta.x capacity <br />o£Tax Increznent Fiz�anci��g District No. 1 would %e avazlable to t�Ze �axing j�.�risdictioz�s withat�t <br />ih�; extension ai Tax Tncrezza��nt Financin� District No. 1, t�e impact af this ta� incr�zz�ent <br />�'inaz�ci�g on tk�e tax capaeities qf those taxing jurisdictio�s is relaiively small, as s�avv� by <br />comp�ing oz� a percenxage basis t�e estimated $1,094,875 a�' 2007/2QQ8 retai�ed capiured tax <br />capacity to the curre�t total ta�able net tax capacity of eack� o�the juxisdictioz�s, respectively. <br />Qn �he alternate assumption, which is found not to he the case, t�at none of the estimated <br />eapfur�d �ax capacity wouid be avazlable to i�ese taxi�g �uri�dictions �ithout the exte�sioz� o�'th� <br />tax �ncre�ner�t district, during ti�e periad o�'�he tax inerement distric�`s extension there vvoulc� b� <br />no ef�ect on the abave ta� capaczfies, but upo� the exprration or earlier termir�ation of the tax <br />inerement district, eack� ta.xing jurisdictior�'s �ax capaci�y would be in.creased by the ca�att�red tax <br />capacity, as it may be adjusted over that t'rme �eriod. <br />10. Studies and A�alyses, Tl�is ap�lies ta developme�t ta occur and to be financed by <br />tax increments received in Z00$ and 2009. Oii�er than tax increm�nt pro,�ections se� %rth an <br />Exhibit A, thez'e have been ��o studies ar ana�yses on which this amen�tx�ent �o t�ie tax incremen� <br />�nancing pian is �ased. <br />11. �iscal and Economic �m lications. This ap�lies to d�velo�ment to oecur and ta <br />be �nanced by tax inererzaen�s rcceivec� i�. 2QD8 and 20p9. Fiscal and eeonamic implications are <br />set forth i� part on Exhibit A. <br />(a) Total Tax Increr��nt. The total tax increment that will he generated over <br />the two year extensi€�n of the �ife af Ta�c Increznent Finaneing District No. � is <br />$2,095,854. <br />(b) �xobable �znpact on Services. The prabable impac� o�the extension of <br />Tax Increr�ent Financing District Na. 1 or� City-provided services sueh as poliee and fire <br />protection, public infrastruc�ure, and borrawing costs attrit�utable ta t�e ta� �ncremen� <br />za oss�z�3 3 <br />