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2004_0719_Packet
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2004_0719_Packet
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5/12/2014 3:51:16 PM
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12/14/2009 1:43:09 PM
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present value assumptions previously described is approximately $2.50 million. If <br />fiscal disparities are taken from outside the tax increment district for 25 years, the <br />impact is approximately $4.15 million. Obviously there are a number of other <br />variations. Because of the time value of money, it is more helpfixl to have the <br />additional fi.rrad� in the beginning years of the tax increment district. As a practical <br />matter, the City can elect in later years to take fiscal disparities from outside the <br />tax increment district rather than �'r�artY inside the tax increment district. The City <br />can only do this once and it cannot do the reverse (that is, it cannot initially take <br />fiscal disparities from outside the district and then change its election to take fiscal <br />disparities from inside the district). <br />. <br />�� �f � <br />
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