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r1 <br />U <br />Overview a TIF District <br />■ Does the project qualify for a TIF district <br />under State law? <br />■ What type of District is best? <br />■ Do the existing and new values produce <br />enough TIF to make the project viable? <br />■ What factors will change the actual TIF in the <br />future? <br />■ Who finances the cost? <br />• <br />Project Area <br />0 <br />■ TIF districts must be <br />located in a Project <br />Area or a <br />Development District <br />■ Established by <br />various statutory <br />authorities (HRA, <br />EDA, City powers) <br />■ Sets boundary for <br />TIF expenditures <br />2 <br />3 <br />