Agenda - Council Work Session - 05/13/2014

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indicates the original net tax capacity and the current net tax capacity shall be determined before the application of the fiscal disparity provisions (see method (a) in Section P). Section K Estimated Public Costs The estimated public costs of the TIF district are listed below. Such costs are eligible for reimbursement from tax increments of the TIF District. The City reserves the right to administratively adjust the amount of any of the items listed above or to incorporate additional eligible items, so long as the total estimated public cost is not increased. (AS MODIFIED JANUARY 25, 2011) The estimated public costs of the TIF District are listed below. Such costs are eligible for reimbursement from tax increments of the TIF District. The City reserves the right to administratively adjust the amount of any of the items listed above or to incorporate additional eligible items, so long as the total estimated public cost is not increased. City of Ramsey Modification to the Tax Increment Financing Plan for Tax Increment Financing District No. 14 6 Original Budget- Adopted December 14, 2010 Administrative Amendment - January 25, 2011 Land /Building acquisition, Special Assessments, Public Utilities, Site Improvements /Preparation Costs, Northstar Transit Station and related infrastructure, and other Eligible Improvements $61,825,343 $61,825,343 Bond /Note Interest Payments 105,312,690 105,312,690 Administrative expenses 18,570,896 18,570,896 Other Expenditures $185,708,929 Capitalized Interest Payments 0 0 Total $185,708,929 $185,708,929 indicates the original net tax capacity and the current net tax capacity shall be determined before the application of the fiscal disparity provisions (see method (a) in Section P). Section K Estimated Public Costs The estimated public costs of the TIF district are listed below. Such costs are eligible for reimbursement from tax increments of the TIF District. The City reserves the right to administratively adjust the amount of any of the items listed above or to incorporate additional eligible items, so long as the total estimated public cost is not increased. (AS MODIFIED JANUARY 25, 2011) The estimated public costs of the TIF District are listed below. Such costs are eligible for reimbursement from tax increments of the TIF District. The City reserves the right to administratively adjust the amount of any of the items listed above or to incorporate additional eligible items, so long as the total estimated public cost is not increased. City of Ramsey Modification to the Tax Increment Financing Plan for Tax Increment Financing District No. 14 6 Original Budget - Adopted December 14, 2010 Land /Building acquisition, Special Assessments, Public Utilities, Site Improvements /Preparation Costs, Northstar Transit Station and related infrastructure, and other Eligible Improvements $61,825,343 Bond /Note Interest Payments 105,312,690 Administrative expenses 18,570,896 Other Expenditures Capitalized Interest Payments 0 Total $185,708,929 indicates the original net tax capacity and the current net tax capacity shall be determined before the application of the fiscal disparity provisions (see method (a) in Section P). Section K Estimated Public Costs The estimated public costs of the TIF district are listed below. Such costs are eligible for reimbursement from tax increments of the TIF District. The City reserves the right to administratively adjust the amount of any of the items listed above or to incorporate additional eligible items, so long as the total estimated public cost is not increased. (AS MODIFIED JANUARY 25, 2011) The estimated public costs of the TIF District are listed below. Such costs are eligible for reimbursement from tax increments of the TIF District. The City reserves the right to administratively adjust the amount of any of the items listed above or to incorporate additional eligible items, so long as the total estimated public cost is not increased. City of Ramsey Modification to the Tax Increment Financing Plan for Tax Increment Financing District No. 14 6