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Final Draft O429.2U2O <br />Financing, Expected Sources of Revenue <br />G' Adescription ofthe methods mf financing all estimated project costoandtheexpectedaourcea <br />mfrevenue tofinance or pay Project Costs, including the percentage oftax increment to6e derived <br />from the property taxes of each taxing unit that levies taxes on real property in Zone No. 5. <br />Methods of Financing. The Project Costo will be paid directly for site improvements for certain <br />Zone No. 5Project Costs.P jecLCostsvvi||bepaidso|a|yfronntexincrenoentrevenuesofZoneNo <br />osthey are realized byZone No. 5. <br />Sources of Tax Increment Revenue. The tax increment revenue necessary to pay the Zone No. 5 <br />Project Costs is expected to come from increased property values in Zone No. 5. Schedule B displays <br />the projected assessedvo|uationsresu!iingfrnrnincneasesinva|ue. These new tax increment <br />revenues will beused topay for Zone No. GProject Costs. <br />This Plan is based on a contribution rate (and current tax rates which are subject to change) shown <br />from the City and County. <br />Table No. 3 <br />Participating Jurisdictions <br />Taxing Jurisdiction <br />2019 Tax Rate (i) <br />% Dedicated <br />City of San Marcos <br />$0.6139/$100 <br />70%_ <br />Hays County <br />$0.3899/$100 <br />70% <br />(U zoz9Tax Rate for purposes ofillustration only, Tax Rate will belevied from <br />year toyear bvthe City and County, respectively, and will vary, The zuzy <br />total tax rate does not include the Road and Bridge rate. <br />Current Appraised Value of Property <br />7' Current Total Appraised Value ofProperty inZone No.5 <br />The total current appraised value within Zone No. 5asofJuly 22,2O19is$2OS,I92,298. <br />Estimated Captured Value <br />8. Estimated Captured Value ofZone No. 5inEach Year ofExistence <br />The estimated captured appraised value ofZone No. 5during each year ofits existence isshown on <br />Schedule B - Projected Assessed Valuation. <br />Duration of Zone <br />9. Duration of Zone <br />The duration of Zone No. 5 was through December 31, 2027. Zone No. 5 took effect on the date it <br />was created, being December 14, 2011. The City Council established January 1, 2011 as the base year <br />of Zone No. 5. The term of Zone No. 5 has been extended and is currently scheduled to terminate on <br />December 31,2027. <br />Zone No 5Project Plan and Financing Plan 10 <br />