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<br />SECTION XXXVI <br /> <br />TAX INCREMENT FINANCING PLAN FOR <br />TAX INCREMENT FINANCING DISTRICT NO. 33 <br /> <br />Subsection 36.1, Statement of Objectives. See Section I, Subsection 1.4" <br />S tement of Objectives, <br /> <br />Subsection 36.2. Restated Development ProQram, See Section I, Subsections <br />1. . through 1,13. <br /> <br />Subsection 36,3, Parcels to be Included. The boundaries of Tax Increment <br />ancing District No. 33 (the "TIF District") are described on Exhibit XXXVI-A and <br />trated on Exhibit XXXVI-B. <br /> <br /> <br />Subsection 36.4, Parcels in Acquisition. The City may write down or acquire <br />a reconvey real property, or interests therein, within this TIF District or elsewhere <br />w t in the Project Area at the time or times as the City may determine to be necessary <br />o desirable to assist or implement development or redevelopment within the Project <br />A a or the TIF District as further described in Section 1, Subsection 1,13, <br /> <br />Subsection 36.5. Development Activitv for which Contracts have been Siqned. <br />A of the date of adoption of the Tax Increment Financing Plan (the "TIF Plan"), the City <br />in nds to enter into a Redevelopment Contract for the activities discussed below. <br /> <br /> <br />Subsection 36.6. Specific Development Expected to Occur. At this time it is <br />icipated that the redevelopment activities will include construction of an approximate <br />00 square foot office building with surface parking commencing in 2007. At the <br />pletion of all construction activities, the City's tax base will increase by <br />roximately $365,000. <br /> <br />Subsection 36.7. Prior Planned Improvements. The City shall, after due and <br />ent search, accompany its request for certification of the TIF District or its notice of <br />rgement of the TIF District to the County Auditor with a listing of all properties within <br />TIF District for which building permits have been issued during the eighteen (18) <br />nths immediately preceding approval of the TIF Plan by the City. <br /> <br /> <br />The County Auditor shall increase the original tax capacity of the TIF District by <br />tax capacity of each improvement for which the building permit was issued. If said <br />ng does not accompany the aforementioned request or notice, the absence of such <br />ng shall indicate to the County Auditor that no building permits were issued in the <br />teen (18) months prior to the City's approval of the TI F Plan. <br /> <br />36-1 <br /> <br />;111 <br />.11 <br />