The revised term sheet for the new downtown Sacramento arena was released by the city of Sacramento on Monday, revealing that provisions have been made to the deal that further protect the city from potential financial issues.

Here is language from the term sheet itself.

"The total project cost is currently estimated at $477 million. Consistent with their commitment to cover costs beyond the original project budget, SBH [Sacramento Basketball Holdings] will invest an additional $30 million for these enhancements. SBH also remains responsible for any further cost increases."

In addition, the city's overall contribution to the arena dropped from $258 million to $255 million (the team's contribution got bumped up to $222 million). And there also has been an increase in the amount of money the Kings will be contributing to protect the city's general fund against any losses from the parking fund.

Here is Dale Kasler and Ryan Lillis of The Sacramento Bee.

Here is the breakdown of the lease payments, via the term sheet.

In another change, the value of the eight parcels of land the city intends to contribute to the deal has been appraised at $32 million instead of $38 million as it was originally outlined. But like with the other alterations, this will not increase the amount of money the city contributes to the project, according to News 10's Nick Monacelli.

City officials have been adamant over the last year about the city not contributing above the $258 million that was agreed to last March, and it looks like that remains intact in this term sheet.

The city council will be briefed on the revised term sheet at Tuesday's council meeting and then there will be a final vote on the deal at the May 13 council meeting. If approved, the project will have green lights in every direction.

Kings President Chris Granger also confirmed on Monday that the demolition process of the Downtown Plaza could begin as early as May 14…that's May 14 as in a little over three weeks from now.

Oh, and this is worth repeating from the term sheet simply because it can't be said enough:

"SBH [Sacramento Basketball Holdings] will enter into a lease agreement with the City for a term of 35 years plus two 5-year extension options."

To view the term sheet, click here (Items 13 and 14).