Agenda - Council - 11/13/2012 - Laserfiche WebLink

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(i) acquisition of land and buildings through condemnation or purchase, (n) site improvements or preparation costs, (m) mstallation of public utilities, parking facilities, streets, roads, sidewalks, or other samlar public improvements, (iv) administrative costs, mcludmg the allocated cost of the authority, and (v) for housing districts, construction of affordable housing, (15) the amount of any payments for activities and improvements located outside of the district that are paid for or financed with tax Increments, (16) the amount of payments of principal and mterest that are made durmg the reportmg period on any nondefeased (i) general obligation tax mcrement fmancmg bonds, and (n) other tax Increment fmancmg bonds, mcludmg pay-as-you-go contracts and notes, (17) the prmcipal amount, at the end of the reporting period, of any nondefeased (i) general obligation tax mcrement financing bonds, and (n) other tax Increment fmancmg bonds, mcludmg pay-as-you-go contracts and notes, (18) the amount of principal and mterest payments that are due for the current calendar year on any nondefeased (i) general obligation tax Increment financing bonds, and (n) other tax Increment fmancmg bonds, mcludmg pay-as-you-go contracts and notes, (19) if the fiscal disparities contribution under chapter 276A or 473F for the district is computed under section 469 177_ subdivision 3_ paragraph (a), the amount of total Increased property taxes to be paid from outside the tax mcrement fmancmg district; and (20) any additional information the state auditor may require (d) The reporting requirements imposed by this subdivision apply to districts certified before, on, and after August 1, 1979 Subd 6a [Repealed, 2000 c 490 art 11 s 441 Subd 6b Duration of disclosure and reporting requirements. The disclosure and reporting requirements imposed by subdivisions 5 and 6 apply with respect to a tax mcrement fmancmg district beginnmg with the annual disclosure and reports for the year m which the original net tax capacity of the district was certified and ending with the annual disclosure and reports for the year in which both of the followmg events have occurred (1) decertification of the district, and (2) expenditure or return to the county auditor of all remaining revenues derived from tax Increments paid by properties in the district Subd 7 Creation of hazardous substance subdistrict; response actions. (a) An authority which is creatmg or has created a tax Increment fmancmg district may establish withm the district a hazardous substance subdistrict upon the notice and after the discussion, public hearmg, and fmdings required for approval of or modification to the ongmal plan The geographic area of the subdistrict is made up of any parcels in the district designated for inclusion by the municipality or authority that are designated hazardous substance sites, and any additional parcels in the district designated for mclusion that are contiguous to the hazardous substance sites, mcluding parcels that are contiguous to the site except for the mterposition of a right-of-way Before or at the time of approval of the tax mcrement fmancmg plan or plan modification providmg for the creation of the hazardous substance subdistrict, the authority must make the fmdings under paragraphs (b) to (d), and set forth in writing the reasons and supporting facts for each