Ord 2020-046/amending the project plan and reinvestment zone financing plan for Tax Increment Reinvestment Zone No. 5, also known as the “Downtown TIRZ,” generally bounded by Concho Street, Moore Street, North Street, Comanche Street, Shady Lane, Frederic

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Final Draft 04.29.2020 Finance Plan List of Estimated Zone No. 5 Project Costs 1, /& detailed list describing the estimated Project Costs of Zone No. 5, including administrative expenses Table 1 itemizes the estimated Zone No. 5 Project Costa, Currently there are no administrative expenses estimated tobaincurred over the life ofZone No. S. Statement of Proposed Public Works 2' A statement listing the hjn6L number, and location of all proposed public works or public improvements inZone No. 5 The improvements that Zone No. 5 is designed to facilitate will be located throughout Zone No. 5. These improvements will assist with the development and redevelopment of Zone No. 5. The Map of Project Boundaries shown on the cover page hereof illustrates the location of the proposed improvements. Economic Feasibility Study/information 3. AnEconomic Feasibility Study/information In connection with the proposed development of the property within Zone No. 5 the City has previously commissioned studies outlining the goals and feasibility ofthe redevelopment ofZone No. 5CD-5Douset forth inSchedule A. This Finance Plan iseconomically feasible since all Project Costs are paid only from tax increment revenues asthey become available. Estimated Bonded Indebtedness 4. The estimated bonded indebtedness tmbmincurred The City currently anticipates paying Project CootsorneinobursinQoduvdoperforqueUfiedProject Costs solely from tax increment revenues onanannual basis. Nobond indebtedness will beincurred for Zone No. 5. Time when incurred S. The time when costs ormonetary obligations are tmbeincurred When payment of costs or reimbursements of costs are to be made is a function of the availability ofZone No. 5tax increment revenues. Schedule 8isaprojection nftaxincrennentrevenuesvvhichara available and expected tobeavailable inthe future topay orreimburse Zone No. 5Project Costs. Citv of San Marcos Zone No. 5 Project Plan and Financing Plan 9