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DRAFT 03.22.2021 <br />Methods of Financing. The Project Costs will be paid directly for site improvements for certain <br />Zone No. 5 Project Costs. Project Costs will be paid solely from tax increment revenues of Zone No. 5 <br />as they are realized by Zone 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 assessed valuations resulting from increases in value. These new tax increment <br />revenues will be used to pay for Zone No. 5 Project 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 3 <br />Participating Jurisdictions <br />Taxing Jurisdiction <br />FY2021(1) % Dedicated <br />City of San Marcos <br />$0.5930/$100 25% <br />Hays County <br />$0.3924/$100 25% <br />(1) 2020 Tax Rate for purposes of illustration only. Tax Rate will be levied from <br />year to year by the City and County, respectively, and will vary. <br />(2) The total tax rate does not include the Road and Bridge rate. <br />Current Appraised Value of Property <br />7. Current Total Appraised Value of Property in Zone No. 5 <br />The total current appraised value within Zone No. 5 as of November, 2020 is $348,627,389. <br />Estimated Captured Value <br />8. Estimated Captured Value of Zone No. 5 in Each Year of Existence <br />The estimated captured appraised value of Zone No. 5 during each year of its existence is shown 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 />City of San Marcos <br />Zone No. S Project Plan and Financing Plan 10 <br />