Laserfiche WebLink
� <br /> �� <br /> �7 <br /> �� Tax increment allocations under this Agreement shall continue unti] any Note and/or all Eligible <br /> �U Redevelopment Project Costs related to the Development Project ai•e paid or for inaximum term <br /> ,� permitted by law at the time of its adoption or any extension permitted Uy law hereafier, <br /> � whichever comes first. The payment of any Note and/or Eligible Redevelopment Project Costs is <br /> ,r� subject to the availability of Incremental Taxes. No Interest Subsidy payments sliall be made <br /> � which any Note is outstanding and unpaid. <br /> � <br /> �7 <br /> 0 <br /> � D. INCREMENTAL TAX�S <br /> Sa <br /> (1) INCREM�NTAL SAL�S TAXES <br /> City Percentage . . . . . . . . . . . . . . . . . . 50 % <br /> Special Account Percentage . . . . . . . . 50 % <br /> Total: 100 % <br /> Annual State and Municipal Sales Taxes Generated $131,000.00 <br /> (2) INCREMENTAL REAL ESTATE TAXES <br /> Projected Total NEW Equalized <br /> Assessed Valuation $4,098,600 <br /> Less: INITIAL Equalized Assessed Valuation $ 0 <br /> Projected Incremental increase in EAV $4,098,300 <br /> Projected Annual Real Estate Incremental Taxes $ 335,421 <br /> E. DEVELOPMENT AREA <br /> (1) DEV�LOPER'S INTEREST IN D�V�LOPMENT AREA: <br /> (if otller than fee ownership, describe <br /> and attach lease or other applicable <br /> Docume�It): <br /> Buildin�upant. <br /> (2) PItEMISES: <br /> Street Address: 300 N. Water Street, Decatur, IL <br /> Legal Descriptio�l: <br /> 7 <br />