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City of Ramsey
<br />Annual Disclosure of Tax Increment Districts for the Year ended December 31, 2011
<br />TIF District Name:TIF District 1TIF District 2TIF District 4TIF District 7TIF District 8TIF District 9TIF District 10TIF District 11TIF District 12TIF District 13TIF District 14
<br />Rivers BendGatewayFront StreetB & B, LLCAMCORACCAPSunfish LakeCrestviewACCAPCrossingsCOR
<br /> 1,838,346798,401 525,354 54,674 339,986 24,294 358,180 12,426 0138,328 1,300,653
<br />Current Net Tax Capacity
<br /> 193,90119,615 40,558 10,122 26,614 1,772 46,082 6,800 0100,611 1,300,653
<br />Original Net Tax Capacity
<br /> 1,644,445778,786 484,796 44,552 313,372 22,522 312,098 5,626 037,717 -
<br />
<br />Captured Net Tax Capacity
<br /> 20,264- - 23,000 261,237 29,200 0- - 00
<br />Principal and Interest Payments
<br />due during current year
<br /> 1,935,642904,974 454,841 30,344 365,086 24,630 191,625 1,395 010,318 -
<br />
<br />Tax Increment Received
<br /> 1,021,886790,854 303,943 25,060 371,403 26,844 2,746 24,970 531 74,750 33,151
<br />
<br />Tax Increment Expended
<br />July 1986June 1988June 1988July 2002July 2003July 2004June 2004June 2008November 2009June 2008July 2013
<br />Month and Year of First Tax
<br />Increment Receipt
<br />12/31/201112/31/201312/31/201312/31/201512/31/202812/31/202912/31/201212/31/203312/31/203412/31/202312/31/2038
<br />Date of Required Decertification
<br />2421**263,327 **59,087 **N/A58,932 0 **N/AN/AN/AN/A0 **
<br />Increased property tax imposed
<br />on other properties as a result
<br />of fiscal disparities contribution*
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<br />Delinquent Utility Charges
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<br />delinquent account, the current owner is responsible
<br />pal utility services including water, sewer, subdivision
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<br />street lighting, priority street lighting, recycling, and
<br />follows the individual who initiated the account. If
<br />storm drain management. Although not all residents
<br />a home was recently purchased, a title search should
<br />are charged for water, sewer, and/or subdivision street
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<br />lighting due to their location within the city, every
<br />the escrow process. If a title search was not per-
<br />property is charged for priority street lighting, recy-
<br />formed and delinquent charges are associated with a
<br />cling, and storm drain management. Residents receive
<br />property, the current property owner is responsible
<br />a quarterly bill from the city for their applicable city
<br />for paying the outstanding amount. Payment must
<br />service charges and it is the responsibility of the proper-
<br />be received on or before the November 9 deadline
<br />ty owner to remain current with these billings. If these
<br />in order to avoid administrative fees and interest.
<br />charges remain unpaid, State Statute allows the city to
<br /> If you are a landlord (owner) of a property within
<br />certify unpaid bills to the property tax.
<br />the city, you are ultimately responsible for delinquent
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<br />utility charges. In order to ensure a tenant is making
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<br />timely payments, property owners may request a du-
<br />dresses in early September for accounts that have a bal-
<br />plicate statement. In addition, account balances may
<br />ance older than 60 days as of August 31, 2012. Delin-
<br />be inquired upon at any time by contacting Utility
<br />quent charges must be paid no later than November 9,
<br />Billing Customer Service at 763-576-4343.
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<br />tion process, please contact Denelle McAlpine at
<br />taxes with an additional administrative fee and interest.
<br />763-433-9823 or dmcalpine@ci.ramsey.mn.us. To
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<br />inquire whether your property has any delinquent
<br />delinquent charges regardless of account holder in-
<br />utility charges, please contact the Utility Billing Cus-
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<br />tomer Service at 763-576-4343.
<br />4 Ramsey Resident • September/October 2012
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