NORTHSIDE REGENERATION TAX INCREMENT FINANCING (TIF) REDEVELOPMENT PLAN Submitted By NORTHSIDE REGENERATION, LLC September 8, 2009TABLE OF CONTENTS 1 INTRODUCTION = 4 Overview of Redevelopment Area 1 Purpose of Redevelopment Plan Summary of Redevelopment Plan .. Use of Tax increment Financing . Why Tax Increment Financing is Needed in the Redevelopment Area ; Use and Benefits of Tax Increment Allocation Financing. 7 Organization of the Redevelopment Plan .. 2 SUMMARY OF KEY FINDINGS 9 Introduction Blighted Area iy Enterprise and Not Reasonably Anticipated to be Developed Without TIF ‘Conformance to the City's Comprehensive Plan... Estimated Date of Completion of the Redevelopment Projects and Retirement of Obligations to Finance Redevelopment Projects Costs Relocation Assistance Plan Cost-Benefit Analysis Showing Econom No Gambling Establishment 3. REDEVELOPMENT PLAN OBJECTIVES... 4 GENERAL DESCRIPTION OF THE PROGRAM AND ACTIVITIES TO ACCOMPLISH OBJECTIVES General Description of the Program and Activities to Accomplish Objectives ...... Compliance with Equal Opportunity and Non-Diserimination Laws and Regulations Accessibilty Standards Maintenance of Owned Parcels and Buildings: Demolition of Gertain Owned Buildings Use of Eminent Domain within Redevelopment Area Adcitional Development within Redevelopment Area .. 5 EXISTING LAND USE... 6 PROPOSED REDEVELOPMENT PLAN 19 General Land Use and Redevelopment Project Areas Open Space Plan ‘Transportation Plan Sewer and Energy Plan 7 ESTIMATED COSTS FOR REDEVELOPMENT PROJECT AREAS8 ANTICIPATED FUNDS TO PAY COSTS AND OBLIGATIONS TO BE ISSUED Anticipated Sources of Funds to Pay the Costs ... Evidence of Commitments to Finance the Project Costs Anticipated Type and Term of Sources of Funds to Pay Costs Anticipated Type and Term of TIF Obligations... 9 EQUALIZED ASSESSED VALUATIONS. Most Recent Equalized Assessed Valuation of Property Within the Redevelopment Area .. Estimated Equalized Assessed Valuation after Redevelopment 10 REPORTING REQUIREMENTS... MAPS Aerial Photograph of Redevelopment Area Neighborhood Districs. : Concept Pian Proposed Lani Conceptual Open Space Pian... APPENDICES AA Project Boundary Description of the NorthSide Tax Increment Financing Redevelopment Area and Associated Redevelopment Project Areas B_ Evidence of Commitment to Finance Project Costs C Relocation Plan D Developer's Affidavit COMPANION DOCUMENTS * Data and Analysis of Conditions Representing a “Blighted Area” for Northside Redevelopment Area * Cost Benefit Analysis for Northside Redevelopment Area