Exhibit E.pdf

City of Ladysmith

TID #9 Project Plan Subtraction Amendment

Tax Increment Financing District #9 City of Ladysmith, WI 152799 | October 15, 2020

TID #9 PROJECT PLAN SUBTRACTION AMENDMENT 10/15/2020 152799

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Plan Approvals

Joint Review Board Meeting: August 13, 2020

Public Hearing at Plan Commission: September 10, 2020

Approval by Plan Commission: September 10, 2020

Adoption by City Council: September 28, 2020

Adoption by Joint Review Board: October 1, 2020

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City of Ladysmith Officials Common Council Allen R. Hraban Acting Mayor Mark Platteter District 1 Councilmember William Morgan District 2 Councilmember Brian Groothousen District 3 Councilmember Jon Fields District 4 Councilmember Bonnie Stoneberg District 5 Councilmember Allen R. Hraban District 6 Councilmember Marty Reynolds District 7 Councilmember

City Staff Alan Christianson City Administrator Al Christianson, Sr. Former City Administrator Shari Kavanag City Clerk / Elections Allen Kenyon City Attorney

Plan Commission Susan Moore David Willingham Rachel Rodriguez Cerra Melissa Rudack Bob Grotzinger Chrysa Ostenso Adam Kaiser

Joint Review Board Steve Decker Wisconsin Indianhead Technical College

Representative David Willingham Rusk County Representative Laura Stunkel School District of Ladysmith Representative Marty Reynolds City of Ladysmith Representative Al Christianson, Sr. Public Representative

SEH is a registered trademark of Short Elliott Hendrickson Inc.

i

Contents

1 Introduction

1.1 Description of the District

1.2 Previous Amendments to TID #9

1.3 Purpose of this Amendment

2 Summary of Findings

3 Description and Purpose of TID #9

4 Existing and Proposed Land Use Plan

5 Project Costs / Public Improvements

6 Economic Feasibility and Financing Methods

7 Non-Project Costs

8 Master Plan, Building Codes and City Ordinances .. 12

9 Relocation

10 Orderly Development and Redevelopment

11 Attorney’s Opinion

12 Boundary Description

Contents (continued) ii

List of Tables Table 1 – Projection of Tax Increment Table 2 – Cash Flow Pro Forma

List of Figures Figure 1 – TID #9 Original District Boundary Figure 2 – TID #9 Parcels for Territorial Subtraction Figure 3 – Detailed Map with TID #9 Parcels for Territorial Subtraction Figure 4 – TID #9 Subtraction Amendment, Modified District Boundary with Aerial ... 7 Figure 5 – TID #9 Subtraction Amendment, Modified District Boundary with Parcel

Numbers Figure 6 – Existing Land Uses Map

List of Appendices Appendix A – TID #9 Territorial Subtraction - Real and Personal Property List

Appendix B – Legal Opinion

Appendix C – Municipal Resolutions

152799

TID #9 Project Plan Subtraction Amendment Tax Increment Financing District #9 Prepared for the City of Ladysmith, WI

1 Introduction

1.1 Description of the District

The City of Ladysmith, Wisconsin (the “City”) created Tax Incremental District #9 (TID #9) in 2006 as a Mixed-Use District. This District encompasses much of the former Mount Senario College campus, the Wal-Mart development and areas around the State Highway 27 corridor from the Flambeau River north to just beyond the U.S. Highway 8 intersection. TID #9 was established to improve property within the District to promote commercial, industrial and residential development to provide a more diversified employment base and to promote orderly and stable growth of the community. The District’s expenditure period ends in 2021.

1.2 Previous Amendments to TID #9

TID #9 was first amended in 2009 to utilize the opportunity created when the State legislature adopted Wisconsin Act 57, allowing cities to use tax increment revenues on project expenditures within a one-half mile radius of the TIF District’s boundary

TID #9 was amended a second time in 2011 to become a donor district to TID #8, and to allow additionally listed project expenditures that serve the District within a one-half mile radius of the District’s boundary.

TID #9 was amended again in 2012 to add project expenditures planned for construction that serve the District within a one-half mile radius of the District’s boundary.

TID #9 was amended in 2013 to allow additionally listed project expenditures within a one-half mile radius of the District’s boundary, and to become a donor district for TID #5, a Severely Distressed District. With this amendment TID #9 has provided positive tax increment to assist both TID #5 and TID #8.

And, TID #9 was last amended in 2014 to continue to allow positive tax increments to flow to TID #8 as a donor district, and to allow additionally listed project expenditures.

1.3 Purpose of this Amendment

The City of Ladysmith proposes to amend the Project Plan for Tax Incremental District (TID) #9 for the purposes of removing property from the District. This action will remove value from TID

#9, to bring the City under the 12 percent equalized valuation limit considering all properties within TIF Districts in the City of Ladysmith. This will also provide the City and overlying taxing jurisdictions the benefit of the incremental value from these parcels into the general tax base beginning in 2020 for taxes payable 2021.

This subtraction amendment will not result in a change to the year the District anticipates closing, 2026, nor the expenditure period which ends on 08/14/2021. This Project Plan Amendment does not modify the project kinds, number, costs, or location.

A map identifying the parcels to be subtracted from TID #9 is found in Section 3.

2 Summary of Findings The TID #9 Project Plan Amendment has been established to comply with Wisconsin Statutory requirements for the amendment of Tax Incremental Financing Districts. The Joint Review Board has previously concluded that TID #9 meets the following requirements in Wisconsin Statutes Section 66.1105. The currently proposed Project Plan Amendment continues to satisfy these requirements for TID #9.

• Development projected to occur within TID #9 would not occur, or would not occur in the manner or within the timeframe desired by the City, “but for” the assistance from TID #9, as required by Wisconsin Statutes Section 66.1105(4m)(c)1.

• The tax increment collected are expected to be sufficient to pay for the cost of all improvements made through TID #9, as required by Wisconsin Statutes Section 66.1105(4m)(c)1.b.

• The economic benefits of amending TID #9, as measured by increased employment, business and personal income, and property value, are sufficient to compensate for the cost of the improvements identified through the TID #9 Project Plan and subsequent amendments.

• The benefits of the TID #9 Project Plan, including subsequent amendments, outweighs the anticipated tax increments to be paid by property owners in the overlaying taxing districts, as required by Wisconsin Statutes Section 66.1105(4m)(c)1.c.

• Activities and improvements are and will be related to commercial, industrial and mixed-use land uses or related to public improvements that benefit and/or encourage private investment.

• As a Mixed-Use District, at least 50 percent, by area, of the real property in TID #9 is suitable for mixed-use development – at least two of the following types: residential, commercial, and industrial uses. And, less than 35 percent, by area, of the real property in TID #9 is currently and will in the future be used for retail business.

• TID #9, a mixed-use TID, is not anticipated to have new platted residential lots (as defined under Statutes Section 66.1105). For the life of the District, the total area of new platted residential lots will not exceed 35 percent of the total area of real property within

TID #9.

• The City will only allow tax increment revenue to be spent on newly platted residential development in TID #9 if one of the following applies: (1) Density of the residential housing is at least three units per acre, or (2) Residential housing is located in a conservation subdivision, as defined by Statutes Section 66.1027(1)(a), or (3) Residential housing is located in a traditional neighborhood development as defined by Statutes Section 66.1027(1)(c).

• The City will limit project costs to: (i) expenditures related directly to a commercial, industrial or residential project or; (ii) the promotion of mixed-use, commercial, industrial or residential development, and (iii) public improvements that benefit or encourage private investment.

• The Amended Project Plan is feasible and in conformity with the City of Ladysmith’s Comprehensive Master Plan.

3 Description and Purpose of TID #9 TID #9 was created on August 14, 2006 by Resolution of the Ladysmith City Council, under the authority provided by Wisconsin Statutes Section 66.1105. The District was established with a valuation date, for purposes of establishing base value, of January 1, 2006. The purpose and benefits of TID #9 remains unchanged as a result of this Project Plan Amendment.

The District is a Mixed-Use District, created on a finding that more than 50 percent of the area contains a combination of industrial, commercial, or residential uses, in compliance with Wisconsin Statutes Section 66.1105(2)(cm). The District will remain in compliance with this finding after the territorial subtraction outlined in this Project Plan Amendment. The Project Plan Amendment will also not change the finding that less than 35 percent, by area, of the real property within the District is available or will be utilized for newly platted residential use. The City estimates that less than 35 percent, by area, within the District, as amended, will be devoted to retail business.

Wisconsin Statutes Section 66.1105(4)(h)2 allows a City to amend the boundaries of an existing Tax Increment District for the purposes of adding and/or subtracting territory up to a total of four times during the life of the District. The boundary of TID #9 has not been amended prior to this Project Plan Amendment.

This Project Plan Amendment supplements, and does not supersede or replace any component of the original Project Plan or any component of previously adopted Project Plan Amendments, unless specifically stated. All components of the original Project Plan and its previously adopted Project Plan Amendments remain in effect.

The purpose of the Amendment is to remove parcels from TID #9. This will provide the City and overlying taxing jurisdictions the benefit of the incremental value from these parcels, into the general tax base beginning in 2020 for taxes payable 2021.

A map identifying the original district boundary of TID #9 is found in Figure 1. A map identifying both the original district boundary and the territory amendment with the parcels to be subtracted is found in Figures 2 and 3.

The parcels identified for the territorial subtraction are listed in Appendix A. The September 10, 2020 appraised value of these real estate and personal properties parcels is $6,867,600. The new boundary of TID #9, following the subtraction amendment, is mapped in Figures 4 and 5.

Figure 1 – TID #9 Original District Boundary

Figure 2 – TID #9 Parcels for Territorial Subtraction

Figure 3 – Detailed Map with TID #9 Parcels for Territorial Subtraction

Figure 4 – TID #9 Subtraction Amendment, Modified District Boundary with Aerial

Figure 5 – TID #9 Subtraction Amendment, Modified District Boundary with Parcel Numbers

4 Existing and Proposed Land Use Plan The existing and proposed land uses in TID #9 will not change as a result of this Project Plan Amendment and the subtraction of the identified parcels. A map of existing land uses is found in Figure 6.

Figure 6 – Existing Land Uses Map

5 Project Costs / Public Improvements Project costs and the improvements planned for TID #9 will not change as a result of this Project Plan Amendment. The kind, number, location and costs of proposed public improvements and other projects is identified in the original Project Plan and subsequent Project Plan Amendments.

6 Economic Feasibility and Financing Methods With the Subtraction Amendment for TID #9, the District will remain economically feasible. Table 1 below identifies the projection of tax increment for the District after the parcels identified in this Amended Project Plan are subtracted, while Table 2 identifies District cash flow with a projection of borrowing costs and increment revenue.

Table 1 – Projection of Tax Increment

Note: The 2020 value change in increment reflects the subtraction of the 2006 value of the parcels being subtracted from TID #9.

Year of

TID

Construction Year

Valuation Year

Revenue Year

Value Added / Change in Increment

Total Increment (3% Inflation)

TID Mill Rate

Increment Revenue

13 2018 2019 2020 7,118,200$ 29.11 207,242$ 14 2019 2020 2021 (2,818,800)$ 4,512,946 29.11 131,392 15 2020 2021 2022 4,648,334 29.11 135,333 16 2021 2022 2023 4,787,784 29.11 139,393 17 2022 2023 2024 4,931,418 29.11 143,575 18 2023 2024 2025 5,079,360 29.11 147,882 19 2024 2025 2026 5,231,741 29.11 152,319 20 2025 2026 2027 5,388,694 29.11 156,888 1 2026 2027 2028 5,550,354 29.11 161,595 2 2027 2028 2029 5,716,865 29.11 166,443 3 2028 2029 2030 5,888,371 29.11 171,436

TOTALS 1,713,500

P ro je ct io n

E xt en

P ro je ct ed

In cr em en t R ev en ue

U til ity

R ei m bu rs e-m en ts

P ro je ct ed

To ta l T

ID

R ev en ue s

G O

D eb t

$1 2, 5.

C ou nt y

G O

R ef un di ng

B on d

$5

,0

N ew

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ID

N o.

E xp en se s

To ta l T

ID

N o.

E xp en se s

7, 7, 4, 1, ,7

,8

,5

8, 8, 6, ,2

,4

,6

5, 5, 5, 0, 9, 1, 9, 9, ,3

,3

8, 1, 8, 3, ,9

2, 1, 2, 2, 4, 1, 4, 1, 1, 1, ,1

,1

3, 2, 3, 5, 2, 5, 1, 2, 1, 3, TO

TA

LS

1, 3, 1, Projection Exten.

En di ng F un d

Ba la nc e

Re ve nu es

Y ea r o f

TI

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R ev en ue

Y ea r

Ex pe nd itu re s

Be gi nn in g Fu nd

Ba la nc e

Table 2 – Cash Flow Pro Forma

7 Non-Project Costs The City does not expect to incur any non-project costs in the course of implementing this Project Plan Amendment. Wetlands located on parcels within the boundary of TID #9 will continue to be excluded from any Project Plan activities.

8 Master Plan, Building Codes and City Ordinances No changes are anticipated to the City’s Comprehensive Master Plan, building codes or other City ordinances as a result of this Subtraction Amendment. It is also anticipated that this Project Plan Amendment will not necessitate a change to the City’s zoning ordinances following this Subtraction Amendment.

9 Relocation No relocation is anticipated as a results of this Project Plan Amendment. In the event relocation becomes necessary during the implementation of the TID #9 Project Plan, the relocation of residential or business occupants by the City of Ladysmith will be in accordance with Wisconsin Relocation Law and in conformance with federally required standards when federal funds are uses.

10 Orderly Development and Redevelopment The original 2006 Project Plan identifies how TID #9 encourages orderly development and redevelopment in the City of Ladysmith. This Project Plan Amendment does not negatively impact the City’s plans for orderly growth and development.

11 Attorney’s Opinion The City Attorney’s opinion that proper procedures were followed in developing and creating this Project Plan Amendment is attached as Appendix B.

12 Boundary Description

METES AND BOUNDS DESCRIPTION OF THE DISTRICT

Beginning at the intersection of the centerline of Miner Avenue West and the centerline of W. 9th St. S. (St. Hwy. 27); thence south to the south right of way line of the Wisconsin Central Railroad;

thence westerly 1120' following said right of way; thence south 200'; thence west 200'; thence south 2580’ more or less to the northerly right of way of Port Arthur Road; thence westerly along the northerly right of way of Port Arthur Road to Bruno Lake Ditch; Thence southerly along Bruno Lake Ditch to the north shore line of the Flambeau River; thence easterly following said shore line to a point 781.33' west of the section line separating Sections 4 and 3, Township 34 North, Range 6 West; thence north to a point 175' south of the south right of way line of College Ave.

W.; thence west 175'; thence north to the south right of way line of College Ave. W.; thence easterly along said right of way line to a point 165' west of the west right of way line of State Hwy.

27; thence south 0 degrees, 35 minutes, 13 seconds east 110.46'; thence south 89 degrees, 24 minutes, 47 seconds west 390.84'; thence southerly 98.05' to the section line separating Sections 4 and 3, Township 34 North, Range 6 West at a point 206' north of the north shore line of the Flambeau River; thence south 206' following said section line to the north shore line of the Flambeau River; thence easterly following said shore line to its intersection with the west right of way line of State Hwy. 27; thence northerly following said right of way line to a point 461.53' south of the east-west quarter section line of Section 3, Township 34 North, Range 6 West; thence west 294'; thence northerly 461.53' to the east-west quarter section line of Section 3, Township 34 North, Range 6 West at a point 277.59' west of the west right of way line of State Hwy. 27; thence east 277.59' along said quarter section line to the west right of way line of State Hwy. 27; thence northerly following said right of way line to a point 644' north of the east-west quarter section line of Section 3, Township 34 North, Range 6 West; thence west to a point 51 0'west of the section line separating Sections 3 and 4, Township 34 North, Range 6 West; thence north 31'; thence west 150'; thence north 585', thence east 622' more or less to the west right of way line of State Hwy. 27; thence northerly 334' along said right of way line; thence east to a point 623.12' west of the southwest corner of Block 4, Corbett's 1st Addition; thence north 245 .41' to a point 15' south of the Wisconsin Central Railroad's south right of way line; thence east 270'; thence north 15' to said railroad right of way line; thence east 50' along said right of way line; thence north 20';

thence westerly 161.91' parallel to said right of way line; thence north 352.37' along the east lines of Lots 5 and 4, Block 9, Ladysmith Townsite Co's. 1st Addition to the south right of way line of Miner Ave. W.; thence northerly to the centerline of Miner Avenue West; thence westerly along the centerline of Miner Avenue West to the point of beginning.

If wetlands exist within the TID #9 boundary, they are excluded from any Project Plan activities.

Appendix A TID #9 Territorial Subtraction – Real and Personal Property List

APPENDIX A: Parcels to be Subtracted from TID #9

REAL ESTATE VALUES

Owner Property Address Parcel ID 2020 Total

Value 2006 Total

Value Assessed

Acreage 2020 Land

Value

Improvement

Value J&B Two LLC 712 Lake Ave W 246-02087-0000 $395,400 $80,400 0.347 $47,700 $347,700 Steven J Clark 721 Miner Ave W 246-02088-0000 $11,600 $22,800 0.267 $11,600 $0 Heritage Credit Union Miner Ave W 246-02088-0001 $9,100 $19,600 0.209 $9,100 $0 Steven J Clark 817 Miner Ave W 246-02095-0000 $58,300 $76,800 0.157 $27,200 $31,100 Steven J Clark 815 Miner Ave W 246-02096-0000 $13,700 $24,200 0.31 $13,700 $0 Steven J Clark 813 Miner Ave W 246-02097-0000 $12,500 $23,500 0.29 $12,500 $0

KT REAL ESTATE HOLDINGS

LLC

100 W 9TH ST N 246-02098-0000 $1,086,800 $287,900 1.102 $117,700 $969,100

Courtesy Corporation Ladysmith Townsite Co's 3rd Add. Block 9

246-02149-0000 $84,300 $80,200 1.81 $84,300 $0

Reinhart Real Estate Group 911 Pederson Ave W 246-02635-0000 $5,000 $5,500 0.23 $5,000 $0

Thomas Hutnik New Flambeau Add. Lot 9 block 9

246-02636-0000 $5,000 $19,200 0.11 $5,000 $0

McDonalds Corporation New Flambeau Add.

Lots 1,11,12 Block 10

246-02637-0000 $52,500 $50,000 0.51 $52,500 $0

Ladysmith Properties LLC New Flambeau Add.

Lots 3-4,9-10 Block 10

246-02638-0000 $59,000 $87,200 0.505 $59,000 $0

Ladysmith Properties LLC New Flambeau Add.

Lots 5-8 Block 10

246-02639-0000 $59,000 $88,000 0.505 $59,000 $0

Weisenberger Realty LLC * 807 Lake Ave W 246-02642-0000 $131,200 $135,000 0.62 $61,800 $69,400 Vicki Richardson 811 Lake Ave W 246-02643-0000 $94,300 $97,400 0.362 $61,200 $33,100 Anton Ziesler 705 Lake Ave W 246-02649-0000 $7,300 $38,900 0.21 $7,300 $0 Anton Ziesler 711 Lake Ave W 246-02651-0000 $128,000 $69,500 0.41 $54,400 $73,600

Reinhart Real Estate Group SE,SE 33-35-6 Volume 262 page 310

246-03452-0000 $22,000 $24,100 1.006 $22,000 $0

Golden Arch LTD PARTNER 1001 Lake Ave W 246-03453-0000 $766,000 $463,000 1.136 $145,300 $620,700

EDUINVEST LLC

C/O North Cedar Academy

1500 College Ave W 246-03661-0000 $19,900 $37,600 11.88 $19,900 $0

EDUINVEST LLC

C/O North Cedar Academy

1500 College Ave W 246-03661-0002 $1,214,300 $645,600 16.71 $133,600 $1,080,700

EDUINVEST LLC

C/O North Cedar Academy

- 246-03663-0000 $61,400 $86,800 0 $61,400 $0

EDUINVEST LLC

C/O North Cedar Academy

- 246-03663-0001 $15,600 $27,100 5.136 $15,600 $0

EDUINVEST LLC

C/O North Cedar Academy

- 246-03663-0002 $5,500 $6,700 0 $5,500 $0

EDUINVEST LLC

C/O North Cedar Academy

Port Arthur Rd 246-03664-0000 $187,500 $239,300 28.1 $187,500 $0

EDUINVEST LLC

C/O North Cedar Academy

Port Arthur Rd 246-03664-0005 $224,500 ** 23.29 $224,500 $0

TOTAL $4,729,700 $2,736,300 95.212

* 2006 Valuation was with parcel 246-02641-0000.

** 2006 Valuation was with parcel 246-03664-0005

PERSONAL PROPERTY VALUES

Owner Property Address Parcel ID 2020 PP Value

2006 Total Value

Code

Flambeau Auto Expo 811 Lake Ave W 246-05125 $800 $8,000 4A

Kwik Trip Inc #455 100 W 9TH ST N 246-05155 $66,600 $0 3 and 4A

Golden Arch LTD PARTNER 1001 Lake Ave W 246-05156 $66,400 $71,100 3 and 4A

Weisenberger Realty LLC 807 Lake Ave W 246-05241 $1,200 $3,400 3

Anton Ziesler 711 Lake Ave W 246-05534 $1,600 $0 3 and 4A

TOTAL $136,600 $82,500

TOTAL VALUATION OF PROPERTY TO BE REMOVED FROM TID #9

2020 Assessed Values

2020 Equalized Values

2006 Assessed Values

Real Estate $4,729,700 $4,955,300 $2,736,300 Personal Property $136,600 $143,100 $82,500

TOTAL $4,866,300 $5,098,400 $2,818,800

11/11/2019 -

DOR 2019

Aggregate Ratio 0.954464

Appendix B Legal Opinion

ALLEN F. KENYON

ATTORNEY AT LAW

October 1, 2020

Alan B. Christianson City Administrator Ladysrlrith City Hall P. 0. Box431 Ladysmith, Wisconsin 54848

RE: Tax Increment District #9 Project Plan Amendment

Dear Mr. Christianson:

109 MINER A VENUE WEST

P.O.BOX391

LADYSMITH. WISCONSIN 54848

(715) 532-3359 (800) 539-3359

FAX (715) 532-3350

As City Attorney for the City of Ladysmith, Wisconsin, I have been asked to review the above referenced project plan amendment for compliance with the applicable statutory requirements. I have reviewed the Amended Project Plan and

, based on this review, it is my opinion that it is complete and complies with the provision of section 66.1105(4) of the Wisconsin Statutes.

I have relied on the statements of ffict set forth in the Amended Project Plan, and the documents attached as exhibits thereto, without independent verification. I have not been engaged or undertaken to verify the reasonableness or accuracy of the assumptions, estimates or financial projections contained in the Amended Project Plan and express no opinion relating thereto. Similarly, I have been informed the requisite notices have been given, but have not independently confirmed that fact.

In accordance with section 66.1105(4)(£), Stats., a copy of this opinion letter shall be included in the project plan

Very truly yours, ALLENF. KENYON

AFKjb

Appendix C Municipal Resolutions

Amended TID #9 Boundary

Roesler Ave W

Pederson Ave W

Port Arthur Rd

College Ave W W th

S t S

St at e H w y

Port Arthur Rd

Bell Rd

Sc hm id t R d

Gokey Rd

W th S t N

W th S t N

US Hwy 8

W

1t h

St N

W

3t h

St N

W

5t h

St N W th

S t N

College Ave W

Ti ew s R d

W 10th St S

Fritz Ave W

Ro ck

A ve

Miner Ave W

W

0t h

St N

US Hwy 8

St at e R d

St at e H w y

Project: 152799 LADYS

Figure 2A

1701 WEST KNAPP STREET, SUITE B

RICE LAKE, WI 54868-1350

PHONE: (715) 236-4000

FAX: (888) 908-8166

TF: (800) 325-2055

www.sehinc.com

Map by: bgrace Projection: WGS 1984 Web Mercator Auxiliary Sphere Source:

Print Date: 8/31/2020

TID #9 Project Plan - City of Ladysmith, WI

This map is neither a legally recorded map nor a survey map and is not intended to be used as one. This map is a compilation of records, information, and data gathered from various sources listed on this map and is to be used for reference purposes only. SEH does not warrant that the Geographic Information System (GIS) Data used to prepare this map are error free, and SEH does not represent that the GIS Data can be used for navigational, tracking, or any other purpose requiring exacting measurement of distance or direction or precision in the depiction of geographic features. The user of this map acknowledges that SEH shall not be liable for any damages which arise out of the user's access or use of data provided.

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Legend Parcels

TID #9 Parcels to be Subtracted

Amended TID #9 Boundary

0 500 1,000250 Feet

EXHIBIT A

Tax Incremental District #9 Territorial Amendment, Parcels Being Subtracted

EXHIBIT B

District Boundary for Tax Incremental District #9 Territorial Amendment, EXHIBIT C

Project Plan for Tax Incremental District #9 Territorial Amendment, City of Ladysmith

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