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W <br /> c6. Financing costs, including but not limited to, all necessary and incidental <br /> expenses related to the issuance of obligations, and which may i elude payment <br /> of interest on any obligations issued thereunder accruing durin the estimated <br /> N period of construction of any redevelopment project for which uch obligations <br /> are issued and for not exceeding thirty-six (36) months thereafte , and including <br /> reasonable resenJes related thereto. <br /> s <br /> p 7. All or a portion of a taxing district's costs resulting from the redevelopment <br /> 0 project necessarily incurred or to be incurred (consistent with statutory <br /> requirements) in furtherance of the objectives of the redevelopment plan and <br /> project, to the extent the municipality by written agreement accepIts and approves <br /> such costs. <br /> 8. Relocation costs to the extent that a municipality determines that Irelocation costs <br /> shall be paid or is required to make payment of relocation costs b federal or state <br /> law. <br /> 9. Payments in lieu of taxes. <br /> 10. Interest cost incurred by a redeveloper related to the constrrctio> ' renovation or <br /> rehabilitation of a redevelopment project provided that: <br /> a. such costs are to be paid directly from the special tax allocation fund <br /> established pursuant to this Act; and <br /> b. such payments in any one year may not exceed 30% of th annual interest <br /> costs incurred by the redeveloper with regard to the redevc1opment project <br /> during that year; <br /> C. if there are not sufficient funds avai[able in the special tax allocation fund <br /> to make the payment pursuant to this paragraph then the amounts so due <br /> shall accrue and be payable when sufficient funds are available in the <br /> special tax allocation fund; and <br /> d. the total of such interest payments paid pursuant to ths Act may not <br /> exceed 30% of the total (i) cost paid or incurred by the red veloper for the <br /> redevelopment project plus (ii) redevelopment project cos excluding any <br /> property assembly costs and any relocation costs ncurred by a <br /> municipality pursuant to this Act. <br /> I <br /> C. Most Recent Equalized Assessed Valuation <br /> The most recent total equalized assessed valuation for the Area has been estimat d by the City at <br /> approximately $403,714 (see Exhibit E). This figure will be verified by the County Clerk. <br /> i <br /> 29 <br /> i <br />