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In addition, three other financfl-tg vehicles that may be used to support a debt <br />issue for any of the above projects include tax increment, tax abatement and assessments <br />from a special assessment or special service district. <br /> <br />Sources of Minimum of 20% of the par amount of the bonds must be supported from tax <br />Revenue for increment revenue generated within a district for the development of which <br />Debt Service the improvement is undertaken. Any other municipal revenues may be used <br /> including property taxes. <br />Type of Debt General Obligation Bonds <br /> Revenue Bonds <br />Comments No election required for a General Obligation bond if tax increments are <br /> pledged for 20% or more of the amount of the bonds. <br /> Not subject to debt limit <br /> <br />Sources of Tax revenues generated within a tax abatement district. : <br />Revenue for <br />Debt Service <br />Type of Debt General Obligation Bonds <br />Comments Maximum principal amount of the bonds may not exceed estimated sum of <br /> the abatements for the property for the years authorized. <br /> Maximum term may be 10 or 15 years <br /> No election required <br /> Not subject to debt limit <br /> <br />.Statute ,...428A~06{Spec ~:!~ :~...~ <br /> <br />Sources of Fees imposed under section 428A.14, or from any other special assessments <br />Revenue for or revenues available to be pledged for their payment under statutory <br />Debt Service authority, or from two or more of those sources. <br />Type of Debt General Obligation Bonds <br />Comments No election required <br /> Not subject to debt limit <br /> Must follow specific process for establishing a special service district and <br /> impose charges <br /> <br />-31- <br /> <br /> <br />