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Agenda - Council Work Session - 12/14/2010
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Agenda - Council Work Session - 12/14/2010
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3/18/2025 2:50:50 PM
Creation date
12/9/2010 7:46:56 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
12/14/2010
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Fiscal Disparities and TIF Calculation <br />Hypothetical 2021 TIF Calculation <br />TIF Calc Option A <br />TIF Calc Option B <br />$7,220,288 <br />Total TC of District <br />$7,220,288 <br />- $1,724,713 <br />Less: Base Value of District <br />- $1,724,713 <br />-0 <br />Less: Fiscal Disparity Contribution <br />(41.9115% of Commercial value under <br />Option B) <br />- $1 1 873 9 846 <br />_ $5 <br />Captured TC of TIF District <br />= $3 9 621,729 <br />X 99.566% <br />Total Tax Rate <br />X 99.566% <br />_ <br />$5 <br />Total TIF <br />= $3,606 <br />Public Sector Advisors Springsted <br />
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