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CAPITAL PROJECTS FUNDS ~ <br />(Continued) ~ <br />Tax Incremental Financing - <br />Downtown - To account for expenditures for public improvements in the central business <br />tax incremental district. Also, operating transfers are made to debt service <br />funds to meet debt obligations as they mature. Financing is provided by <br />property tax proceeds in excess of Chase attributable to the assessed valua- <br />tion of the property in the district before redevelopment. <br />Tax Incremental Financing -- <br />West Washington - To account for expenditures for public improvement projects in the West <br />Washington Economic Development Area. Financing is provided by prop- <br />erty tax proceeds in excess of those attributable to the assessed value of <br />the property in the district before redevelopment. <br />Redevelopment General - To account for eligible redevelopment activities in the Studebaker Corridor <br />financed by proceeds from land sales or leases. <br />Tax Incremental <br />Financing -Airport - To account for expenditures for public improvement projects in the Airport <br />Economic Development Area. Financing is provided by property tax pro- <br />ceeds in excess of those attributable to the assessed value of the property <br />in the district before redevelopment. <br />Equipment Leasing - To account for proceeds from capital lease-purchase agreements used to <br />finance major equipment needs of the City. <br />Morris Performing Art <br />Center Construction - To account for construction and related costs of the Morris Performing Art <br />Center. Financing was provided by a 1998 bond issue. Construction was <br />completed and the fund was closed during 2001. <br />Century Center 2001 <br />Construction - To account for construction and related costs of improvements to the City's <br />Century Center. Financing was provided by a 2001 bond issue. <br />Morris Entertainment - To account for donations received by Morris Entertainment, Inc., a nonprofit <br />corporation formed to solicit donations to finance improvements to the City's <br />Morris Performing Art Center. <br />South Bend Building <br />Corporation <br />Construction - To account for construction and renovation financed by Mortgage Band <br />Issues. <br />84 <br />