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5� <br />Development occurs = New Tax Capacity <br />TIF District "captures" increased value from new development <br />r—— — — --I <br />TIF = Captured Tax Capacity x Tax Rate <br />6 <br />El <br />Eligible Uses <br />■ Land and building acquisition <br />■ Site improvements <br />■ Parking facilities <br />■ Public utilities <br />■ Streets & sidewalks <br />■ Interest on obligations <br />■ Administrative costs <br />• <br />7 <br />