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<br /> <br /> <br /> <br />CITY COUNCIL COMMUNICATION <br />SUBJECT: TERM SHEET FOR HIGHWAY 42 CORE PROJECT AREA IMPROVEMENTS <br /> <br />DATE: APRIL 23, 2013 PAGE 6 OF 6 <br />If the TIF generated within the Highway 42 Core Project Area is more than anticipated, <br />then an additional principle payment will be made with the excess revenues. If the TIF <br />generated is less than is needed to facilitate the debt, the bondholders will realize a loss <br />on their investment. <br /> <br />RECOMMENDATION: <br />This is for discussion purposes only. Staff would like feedback on the Term Sheet and <br />will bring a final recommendation to the City Council at a future meeting for <br />consideration <br /> <br />ATTACHMENT(S): <br />1. Term Sheet <br />2. Highway 42 Core Project Area map <br />3. Staff financial analysis <br />4. Concept map of the DELO redevelopment <br /> <br />20