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03-081
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03-081
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7/8/2005 3:41:42 PM
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7/8/2005 11:39:05 AM
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<br />the TIF District, including any modifications for subsequent" phases or other changes, <br />would terminate in the year 2030. <br /> <br />Subsection 31.17. Estim8ted Imp8ct on Other T8xing Jurisdictions. The <br />estimated impact on other taxing jurisdictions assumes construction would have <br />occurred without the creation of the TIF District. If the construction is a result of tax <br />increment financing, the impact is $0 to other entities. Notwithstanding the fact that the <br />fiscal impact on the other taxing jurisdictions is $0 due to the fact that the financing <br />would not have occurred without the assistance of the City, Exhibit XXXI-E reflects the <br />estimated impact of the TIF District if the "but for" test were not met. <br /> <br />Subsection 31.18 Modific8tion of T8X Increment Fin8ncing Distrid 8nd/or T8X <br />Increment Fin8ncing Plan. As of November 25, 2003 no modifications to the TIF <br />District or the TIF Plan therefore has been made, said date being the date of initial <br />approval and adoption thereof by the City. <br /> <br />G:\WPDATA\N\NEW BRtGHTON\32\TtF\TtF PLAN.DOC <br /> <br />31 - 3 <br />
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