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1974-08 CRA
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1974-08 CRA
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Last modified
1/3/2012 12:23:49 PM
Creation date
3/8/2005 8:47:50 AM
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City Clerk
Doc Type
Resolution
Doc #
CRA 1974-08
Date
6/3/1974
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<br />, L;~ <br /> <br />. <br /> <br />. <br /> <br />'.' <br /> <br />I <br /> <br />8 <br /> <br />Based on the foregoing analysis, prepare and submit to the <br />Agency periodic written information containing, but not <br />limited to, the following: <br /> <br />2. <br /> <br />(a) <br /> <br />(b) <br /> <br />(c) <br /> <br />(d) <br /> <br />(e) <br /> <br />A general review of the financing requirements of the <br />Project and the proposed public sector improvements, <br />their purpose and benefits, their estimated capital <br />and annual maintenance and operation costs, and other <br />pertinent information based primarily on data and in- <br />formation to be supplied by Agency and its consultants, <br />Consultant shall also assist in the development and/or <br />review of a detailed Project expenditures budget, timing <br />of Agency fund requirements and estimated Project devel- <br />opment schedule. <br /> <br />A discussion of the possible methods of financing Project <br />costs and/or public improvements, the advantages and <br />disadvantages of each method as applied to the Project, <br />the general legal and practical requirements or restric- <br />tions applicable to 'each method and their attendant costs, <br />including specific references to such methods as use of <br />current funds, redevelopment procedures, general tax <br />bonds, revenue bonds, lease-purchase arrangements, <br />assessment financing, state or federal grants and <br />loans, and combinations of the foregoing, status of <br />the funding and their applicability to the Project or <br />Projects and their subareas. <br /> <br />A discussion of the possible sources of revenues, such as <br />property taxes (including tax increment income), sales <br />taxes, utility revenues, rental income, user charges, <br />proceeds from contract payments and annual subventions <br />or grants which might be used to amortize the indebtedness <br />to be incurred for the capital costs of the Project and re- <br />lated public improvements and to pay their annual mainte- <br />nance and operation costs, <br /> <br />Estimates of the future trends of such revenues and their <br />application towards financing the improvement program <br />(specifically including tax increment income and the <br />tax base which provides such income). <br /> <br />A discussion (as applicable) relating to possible costs <br />or variations in benefits to be received by different <br />properties, taxpayers or taxing areas and the correlation <br />of the same to the discussions under items (a), (b), (c) <br />and (d) above. <br /> <br />-3- <br /> <br />~ <br />
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