The Bond Allocation Formula (based upon the Rating System) for determining aggregate principal amount of Bonds to be allocated to a Retail Development Project if approved as a TIF Area, is as follows:

Grand Total (reflected on the Rating System) X $2.55 X total square feet of Retail Development Project.

SOURCE: Final Rulemaking published at 51 DCR 9326 (October 1, 2004); as amended by Final Rulemaking published at 53 DCR 825 (February 10, 2006).