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R95-77 AUTHORIZING AGREEMENT - BACHRACH CLOTHING, INC.
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R95-77 AUTHORIZING AGREEMENT - BACHRACH CLOTHING, INC.
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7/8/2016 4:37:08 PM
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7/8/2016 4:37:07 PM
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Resolution/Ordinance
Res Ord Num
R95-77
Res Ord Title
AUTHORIZING AGREEMENT - BACHRACH CLOTHING, INC.
Approved Date
6/19/1995
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t�- <br /> i" � � <br /> , r � ". <br /> ' IB. LAST CIIRRENT EQIIALIZED AB8E88ED VALIIATION OF REAL pROPERTY <br /> , IN THB REDBVELOPI�tEl�lT PR0.7BCT AREA <br /> The last current equalized assessed valuation of real <br /> property in the Redevelopment Project Area for 1989 is estimated <br /> to be $150,000.06. <br /> %. ANTICIPATED BQIIALIZ$D 11B8888ED VALIIATION <br /> It is estimated that all anticipated redevelopment will be <br /> completed and assessed within 20 years. The estimate� future <br /> equalized assessed valuation of real property in the <br /> Redevelopment Project Area, after redevelopment is completed, is <br /> estimated to exceed $10,000,000. <br /> %I. TERMINATZON OF TH$ REDEVELOPMENT PLA�I <br /> The estimated date for completion of the Redevelopment Plan <br /> is no later than November 1, 2006, and may be completed sooner, <br /> depending on commencement of redevelopment and the incremental <br /> tax yield. Pursuant to the Act, this Redevelopment Plan may be <br /> terminated at any time by the City, provided that no contractual <br /> obligations of the City are impaired by any such termination. <br /> This Plan, in and of itself, does not constitute any contractual <br /> obligation to anyone to issue municipal obligations or pay any <br /> public redevelopment project costs from the Tax Increment <br /> Allocation Fund or otherwise. <br /> BIZ. AMENDM$NT OF TH$ REDEVBLOPMENT PLAN <br /> The Redevelopment Plan and project may be amended pursuant ' <br /> to the provisions of the Act, as amended. <br /> 8 <br />
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