G-1, I-1 - Resolution 2024-044 - PH on 2017 PP Commercial URA Plan Update

derived from the Property. It is anticipated that the City’s total commitment of incremental property tax revenues with respect to the Infrastructure Project will not exceed $3,000,000, plus the Admin Fees. 3) Required Financial Information. The following information is provided in accordance with the requirements of Section 403.17 of the Code of Iowa: <table> <tr> <th>Constitutional debt limit of the City:</th> <td>$30,239,097</td> </tr> <tr> <th>Outstanding general obligation debt of the City:</th> <td>$16,721,391</td> </tr> <tr> <th>Proposed debt to be incurred in area to be added in connection with this June, 2024 Amendment*:</th> <td>$3,015,000</td> </tr> </table> *It is anticipated that some or all of the debt incurred hereunder will be subject to annual appropriation by the City Council.