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O'Brien Properties; Acquisition, <br /> Site Improvements <br /> Subtotal <br /> <br />.164,871 <br />$910,690 <br /> <br />3. Future Developments* <br /> <br />Jasper/143fd/Sunwood Dr. <br />McKinley Avenue - <br />Other Street/Sewer/Water <br />Other pay as you go for Site Improvements, <br /> Land Acquisition, Utility <br /> Subtotal <br /> <br /> 50,000 <br />250,000 <br />700,000 <br /> <br />.1,000,000 <br />$2,000,000 <br /> <br />4. Administration 381,257 <br /> <br />GRAND TOTAL <br /> <br />$4,193,829 <br /> <br />* Up to 20% of the total tax increment from T IF District No. 6 may be spent on activities <br />in Development District No. 1 outside the boundaries of TIF District No. 6. The City <br />expressly authorizes such expenditures, within the total cost estimates cited above. <br />Expenditures outside the district may include any costs identified in the pooled budget for <br />TIF Districts Nos. 1, 2 and 4, provided that all expenditures from TIF District No. 6 will <br />remain with the total cost estimated cited above. <br /> <br /> The figures listed above are estimates, which may shift among categories, provided <br />that the total costs will not exceed the Total listed. Costs within each category are deemed <br />to include capitalized interest which will vary depending on when or if bonds are issued, but <br />in any event will not exceed three years as required by Minn. Stat. Ch. 475. <br /> <br />R. Estimate of Bonded Indebtedness. <br /> <br /> The City may finance public costs identified in this TIF Plan through issuance of <br />any combination of TIF Bonds, notes, pay-as-you-go obligations, or internal loans, in the <br />total principal amount of $4,193,829. <br /> <br />S. Original Tax Capacity. <br /> <br /> The original tax capacity of all property within TIF District No. 6 is the valuation as <br />of January 2, 1995. Each year after certification of the original tax capacity, the Anoka <br />County Auditor will increase the original tax capacity of the property in TIF District No. 6 <br />by 12.24%, which is the average percentage increase in the estimated market value of all <br />property in the TIF District during the five years before certification of the T1F District. <br /> <br /> The Cgunty auditor will increase or decrease the original tax capacity of the TIF District <br />as a result of: <br /> <br />SJB-151910 <br />I~.A125-52 <br /> <br />change in the tax exempt status of property within the TIF District; <br /> 29 <br /> <br /> <br />