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Draft 11/10/2011 <br />Estimated Bonded Indebtedness <br />4. The estimated bonded indebtedness to be incurred <br />The City currently anticipates paying Project Costs or reimbursing a <br />developer for qualified Project Costs solely from tax increment revenues <br />on an annual basis. No bond indebtedness will be incurred for Zone No. <br />5. <br />Time when Costs /Obligations Incurred <br />S. The time when costs or monetary obligations are to be incurred <br />When payment of costs or reimbursements of costs are to be made is a <br />function of the availability of Zone No. 5 tax increment revenues. <br />Schedule B is a projection of tax increment revenues expected to be <br />available to pay or reimburse Zone No. 5 Project Costs. <br />City of San Marcos <br />Zone No. 5 Project Plan and Financing Plan 14 <br />