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A Preliminary Assessment of the Proposed <br />Method of Financing, Including the Economic <br />Feasibility and the Reasons for the Division of <br />Tax Increment <br />The Agency intends on financing redevelopment of the Project Area with the <br />following resources: <br />Financial assistance from the City, County, State of California and/or <br />Federal Government; <br />Tax increment revenue; <br />Bonded debt; <br />Proceeds from lease or sale of Agency-owned property; <br />Loans from private financial institutions; and <br />Any other legally available source. <br />The more typical sources of redevelopment financing that may be employed <br />with the Project are described below. <br />Financial Assistance from the City, County, State, and/or the Federal Government <br />The Agency may obtain loans and advances from the City for planning, <br />construction, and operating capital for administration of the Project until such <br />time that sufficient tax increment revenue is raised to repay loans and provide <br />other means of operating capital. The City may also defer payments on <br />Agency loans for land purchases, benefiting the Agency's cash flow. Such <br />assistance is anticipated to be employed to meet short-term cash flow needs, <br />as the City's General Fund cannot carry extensive levels of Agency debt at <br />the risk of threatening the City's own cash balances. <br />As available, other funds such as state-apportioned road funds and federal <br />Community Development Block Grants will be appropriately used to pay the <br />costs of Project implementation. The Agency and City will also pursue other <br />available grants and loans; additionally, the City or other public agencies may <br />issue bonds on behalf of the Agency and provide in-kind assistance. <br />ROSENOW SPEVACEK GROUP, INC REDEVELOPMENT AGENCY OF THE CITY OF STOCKTON <br />MAY 3, 2004 ROUGH AND READY ISLAND REDEVELOPMENT PROJECT <br />- C-1 - PRELIMINARY REPORT