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Development <br /> <br />Existing <br />Dubats <br /> <br />Anoka Ramsey Sports Center <br /> <br />GB Properties-Comfort Inn <br /> <br />Future Developments <br /> <br />TOTAL <br /> <br />Principal Amount <br /> <br />$ 11,805 <br />37,788 <br />250,000 <br />70_0,407 <br />$1,000,000 <br /> <br />R. Estimate of Bonded Indebtedness. <br /> <br /> The City may finance public costs identified in this TIF Plan through pay-as-you-go <br />obligations in the total principal amount of $1,000,000, plus bonds and obligations issued in <br />connection with TIF District Nos. 1, 2 and 4. (See Exhibit F.) <br /> <br />S. Original Tax Capacit. y. <br /> <br /> The original tax capacity of all property within TIF District No. 4 is the valuation as <br />of January 2, 1987. <br /> <br /> The County auditor will increase or decrease the original tax capacity of the TIF District <br />as a result of: <br /> <br />change in the tax exempt status of property within the TIF District; <br /> <br />2. reduction or enlargement of the geographic boundaries of the TIF District; or <br /> <br />o <br /> <br />reduction of valuation by means of a court-ordered abatement, stipulation <br />agreement, voluntary abatement made by the assessor or auditor or by order <br />of the Minnesota Commissioner of Revenue. <br /> <br />4. change in the classification of property within the TIF District to a <br /> classification that has a different assessment ratio. <br /> <br /> Each year the county auditor will measure the increase or decrease in the tax capacity of <br />the TiF District. Any year in which the total tax capacity of the TIF District exceeds the <br />adjusted original tax capacity, an increment will be payable to the City. Any year in which <br />the tax capacity is below the adjusted original tax capacity, no tax capacity will be captured <br />and no increment will be payable to the City. <br /> <br />SJB-151910 <br />~^~25-sz 22 <br /> <br /> <br />