Modification No.

121 to the
Common Development and Redevelopment Plan
and Common Tax Increment Financing Plan

Approved by City Council

August 3, 2012
 Modification No. 121 to the
Common Development and Redevelopment Plan
and
Common Tax Increment Financing Plan

TABLE OF CONTENTS

(This Table of Contents is not part of Modification No. 121 to the Common Development
and Redevelopment Plan and Common Tax Increment Financing Plan, and is only for
convenience of reference.)

SECTION A. COMMON DEVELOPMENT AND REDEVELOPMENT PLAN

Impact of Mod. 121
Subsection A.1. Mission Statement No Change

Subsection A.2. Definitions No Change

Subsection A.3. Description of Public Purpose No Change

Subsection A.4. Objectives of Common Project No Change

Subsection A.5. Structuring of Common Project No Change

Subsection A.6. History of Establishment and Changed

Modifications of Projects and TIF Districts
Included in Common Project Area

Subsection A.7. Estimated Public Improvement Costs No Change

Subsection A.8. Boundaries of the Common Project Area Changed

Subsection A.9. Development Program Requirements No Change

Subsection A.10. Modifications to Common Development and No Change

Redevelopment Plan

Subsection A.11. Neighborhood Revitalization Program No Change

SECTION B. COMMON TAX INCREMENT FINANCING PLAN

Subsection B.1. Summaries of Participating Tax Increment No Change

Financing Districts

Subsection B.2. Boundaries of Participating Tax Increment No Change

Financing Districts

Subsection B.3. Statement of Objectives and Development No Change

Program, Including Property That May Be
Acquired
Subsection B.4. Properties to be Deleted from Participating No Change
Tax Increment Financing Districts

Subsection B.5. Development Activity in Common Project for No Change

Which Contracts Have Been Signed and Other
Specific Development Expected to Occur

Subsection B.6. Description of Financing Changed

Subsection B.7. Estimated Impact on Other Taxing Jurisdictions No Change

Subsection B.8. Modifications to Common Tax Increment No Change

Financing Plan

Subsection B.9. Neighborhood Revitalization Program No Change

Subsection B.10. Hazardous Substance Subdistrict Plan No Change

Exhibit 1 Boundary Map – Area to be Added to the New

Common Project
 Modification No. 121 to the Common Plan

Introduction
Modification No. 121 to the Common Development and Redevelopment Plan and Common Tax
Increment Financing Plan (the “Common Plan”) has been prepared to enable the use of
Common Project tax increment revenue to payoff a portion of the General Obligation Tax
Increment Financing (TIF) bonds issued in 2003 to pay for infrastructure costs of the Heritage
Park Redevelopment Project.

Modification No. 121 to the Common Plan expands the boundaries of the Common Project to
include the Heritage Park Redevelopment Project and identifies Common Project tax increment
revenue generated by the West Side Milling District TIF District as a source to payoff a portion
of the Heritage Park General Obligation TIF bonds.

The geographic area of the Heritage Park Housing Transition TIF District will be included within
the boundaries of the Common Project. However, the Heritage Park Housing Transition TIF
District itself will not be subject to the existing Common Project obligations and commitments.

Only those portions of the Common Plan that are being modified appear in this document.
Sections that are identified as having no change retain the language adopted in the original
Common Plan or previous modifications to the Common Plan.

By reference, Modification No. 121 to the Common Plan and the Heritage Park Redevelopment
Plan are incorporated into the Incorporated Project Documents, and in themselves are designated
Incorporated Documents.

SECTION A. Modification No. 121 to the Common Development and Redevelopment

Plan
Subsection A.1. Mission Statement (No Change)

Subsection A.2. Definitions (No Change)

Subsection A.3. Description of Public Purpose (No Change)

Subsection A.4. Objectives of Common Project (No Change)

Subsection A.5. Structuring of Common Project (No Change)

Subsection A. 6. History of Establishment and Modification of Underlying Project Areas and

Tax Increment Financing Districts Included in Common Project Area
(Changed)
The following language is added to Subsection A.6.:

Project/District Plan Modification Anticipated Resolution

City Council Number
Approval Date
Common Project Modification No. 121 August 3, 2012 2012R-

Page 1
 Modification No. 121 to the Common Plan

Subsection A.7. Estimated Public Improvement Costs (No Change)

Subsection A. 8. Boundaries of the Common Project Area (Changed)

The following language is added to Subsection A.8.:
Modification No. 121 expands the Common Project boundaries to include the portions of the
Heritage Park Redevelopment Project Area not already included within the Common Project
Area. The entire geographic area of the Heritage Park Housing Transition TIF District will
also be included within the boundaries of the Common Project, although the TIF District
itself will not be subject to the existing Common Project obligations and commitments.

Exhibit 1 shows the area to be added to the Common Project.

Subsection A.9. Development Program Requirements (No Change)

Subsection A.10. Modifications to Common Development and Redevelopment Plan (No

Change)

Subsection A.11. Neighborhood Revitalization Program (No Change)

SECTION B. Common Tax Increment Financing Plan

Subsection B.1. Summaries of Participating Tax Increment Financing Districts (No

Change)

Subsection B.2. Boundaries of Participating Tax Increment Financing Districts (No

Change)

Subsection B.3. Statement of Objectives and Development Program, Including Property to

be Acquired (No Change)

Subsection B.4. Properties to be deleted from Participating Tax Increment Financing

Districts (No Change)

Subsection B.5. Development Activity in the Common Project for Which Contracts Have Been
Signed and Other Specific Development Expected to Occur (No Change)

Subsection B.6. Description of Financing (Changed)

The following language is added to Subsection B.6.:
Available tax increment revenue from the West Side Milling District TIF District, a
participating Common Project TIF District, will be used to payoff a portion of the General
Obligation TIF bonds issued in 2003 to pay for infrastructure costs of the Heritage Park
Redevelopment Project.

Subsection B.7. Estimated Impact on Other Taxing Jurisdictions (No Change)

Subsection B.8. Modifications to Common Tax Increment Financing Plan (No Change)

Subsection B.9. Neighborhood Revitalization Program (No Change)

Subsection B.10. Hazardous Substance Subdistrict Plan (No Change)

Page 2
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Legend
Modification No. 121 to the Common
Development and Redevelopment Plan
Heritage Park Redevelopment Project Boundary
& Common Tax Increment Financing Plan
Area Already Within the Common Project Boundary
Development Finance
Area to be Added to the Common Project Boundary
June 2012