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Tax Increment Financing: Calculation of Assistance Needed: The Redevelopment Agreement wi11 specify the options or recourse available to the Redeveloper and the City if the Project cannot be made �inancially feasible. The City wi11 provide the following tax increment �inancing to the Redeveloper, as set forth in greater detail below: The City wi11 issue Tax Increment ("TI") Revenue Bonds payable only from tax increment generated by the Redevelopment Project for tax increment-eligible costs ("Eligible Costs") incurred by the Redeveloper. The Eligible Costs wi11 include a11 costs eligible for payment with tax increment under applicable 1aw. The City wi11 issue a pay-as-you-go T� Revenue Note or Notes, payable solely from tax increment, to reimburse the Redeveloper for Eligible Costs which have not been reimbursed by City public improvement or special assessment bonds or TI Revenue Bonds. The Redevelopment Agreement wi11 contain a schedule as to the timing of issuance by the City and the amounts of TI Revenue Bonds and TI Revenue Notes. Every six months, the Redeveloper wi11 submit an itemization of Eligible Costs incurred to the City for certification. Annually, the Redeveloper wi11 submit a cumulative-to-date Sources and Uses and also a projected Sources and Uses through completion of the Project so that, prior to each issuance of TI Revenue Bonds, the City can determine the 1eve1 of assistance needed based on an agreed-upon Redeveloper margin (see below). By December 31 of the first full assessment year following completion of the Project (the "Reconciliation Date"), the Redeveloper wi11 submit a Project Sources and Uses for a�ina1 accounting by the City and the Redeveloper of the 1eve1 of assistance needed for the entire Project, including the Redeveloper's margin discussed further below. TI Revenue Bonds: The City intends to issue TI Revenue Bonds as follows: • Bonds wi11 be either taxable or tax exempt as allowed by 1aw in amounts that meet reasonable underwriting standards and upon terms then available in the public marketplace.