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<br />I <br /> <br />I <br /> <br />I <br /> <br />Part 3. THE ESTIMATED AMOUNT OF BONDED INDEBTEDNESS TO BE <br />INCURRED <br /> <br />No bonded indebtedness will be issued by the City or the Zone in connection with <br />the Project. <br /> <br />Part 4. THE TIME WHEN RELATED COSTS OR MONETARY OBLIGATIONS ARE <br />TO BE INCURRED <br /> <br />Schedule C shows the anticipated time frame during which reimbursement <br />payments from tax increment revenues from the Zone could be made to the Developer <br />based on the revenue-derived from the Developer's estimated build-out schedules. <br /> <br />Part 5. DESCRIPTION OF THE METHODS OF FINANCING ALL ESTIMATED <br />PROJECT COSTS AND THE EXPECTED SOURCES OF REVENUE TO FINANCE <br />OR PAY PROJECT COSTS, INCLUDING THE PERCENTAGE OF TAX INCREMENT <br />TO BE DERIVED FROM THE PROPERTY TAXES OF EACH TAXING UNIT THAT <br />LEVIES TAXES ON REAL PROPERTY IN THE ZONE <br /> <br />Description of the Methods of Financing <br /> <br />The Developer will advance funds for the Project costs, and the Zone will <br />reimburse these costs from tax increment revenues of the Zone as they are realized by <br />the Zone. The reimbursement will be as described in a separate agreement and other <br />documentation between the Developer and the City A portion of the Project costs will <br />be borne by the Developer as described in Schedule C above and in the <br />Reimbursement Agreement. <br /> <br />Page 7 of27 of Exhibit C <br /> <br />1/31/05 <br /> <br />7 <br />