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Development occure = Now Tax Capacity <br />TIF District "raptures" increased value from new development <br />r�l <br />I I <br />I I <br />I I <br />TIF = Captured Tax Capacity x Tax Rate <br />How TIF Can Be Used <br />■w T <br />J' <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 />7 <br />