Ord 2025-014 Amending the project plan and reinvestment zone financing plan for Tax Increment Reinvestment Zone No. 5 (Downtown TIRZ) to increase funding in support of an annual downtown operations plan

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REV June 2022 Finance Plan List of Estimated Zone No. 5 Project Costs 1. A detailed list describing the estimated Project Costs of Zone No. 5, including administrative expenses Tables 1 and 2 itemize the estimated Zone No. 5 Project Costs. There are now administrative expenses estimated to be incurred for this TIRZ. Statement of Proposed Public Works 2. A statement listing the kind, number, and location of all proposed public works or public improvements in Zone 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. An Economic 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 of the redevelopment of Zone No. 5 CD-51D as set forth in Schedule A. This Finance Plan is economically feasible since all Project Costs are paid only from tax increment revenues as they become available. Estimated Bonded Indebtedness 4. The estimated bonded indebtedness to be incurred The City currently anticipates paying Project Costs or reimbursing a developer for qualified Project Costs solely from tax increment revenues on an annual basis. No bond indebtedness will be incurred for Zone No. 5. Time when Costs/Obligations Incurred S. The time when costs or monetary obligations are to be incurred When payment of costs or reimbursements of costs are to be made is a function of the availability of Zone No. 5 tax increment revenues. Schedule B is a projection of tax increment revenues which are available and expected to be available in the future to pay or reimburse Zone No. 5 Project Costs. Marcos - ----- —----------- Zone No. 5 Project Plan and Financing Plan 10