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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 Contribution <br />Hypothetical 2021 Tax Capacity Calculation <br />TIF Calc Option A <br />TIF Calc Option B <br />$30,743,496 <br />Total TC of City <br />$30,743,496 <br />- $5,495,575 <br />($3,621,729 + <br />Less: Current Year TIF Captured <br />- $3,621,729 <br />$1,873,846) <br />Less: Fiscal Disparity Contribution <br />- $1,873,846 <br />(41.9115% of Commercial under <br />- $1,873,846 <br />Option B) <br />_ $23 <br />Taxable Net Tax Capacity (TNTC) <br />_ $25 <br />_ $198739846 <br />TNTC is reduced under Option A <br />by Fiscal Disparities Amount <br />Public Sector Advisors 10 Springsted <br />
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