Agenda - Council - 10/26/1993 - Laserfiche WebLink

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,I I I I I I I I I I I I I '1 I I I I I (c) (I) (d) (e) 2. (a) (b) (1) (2) (3) (4) (5) (c) (1) Expenditures shall consist of the following uses: Transfers to the related debt service funds for principal, interest and fiscal charges on bond issued on projects in the tax increment financing disu'icts until such time as all bonds are retired; and (2) Transfers to the Economic Development Authority in an amount not to exceed ten percent (10%) of available increments received during the remaining life of each district; and (3) Transfers to the Public Improvement Revolving Fund in an amount not to exceed the annual interest earnings from 1988 forward; and (4) Costs levied by the County for administration of the tax increment financing districts; and (5) Costs associated with tax increment financing projects as detailed in the annual Capital Improvement Program or as approved by the Economic Development Authority and City Council. (2) (3) (4) (d) 3. (a) The above policies shall at all times comply with Minnesota Statutes and any City agreements currently in place or entered into in the future. This fund is eligible for inter-fund loans. Landfill Tipping Fee Fund. The Landfill Tipping Fee Fund shall be used to account for revenues and expenditures as authorized by MS Section 115A.921 for mitigating and compensating for the local risks, costs and other adverse effects of landfills. Funding shall consist of the following sources: Tipping fees generated during the life of the Anoka Regional Sanitary Landfill; and Grants and reimbursements from efforts to reduce, ruse and recycling solid waste; and Revenues generated from charges at the annual clean-up day, which is projected to be self-supporting; and Revenues from the sale of waste oil and scrap metals; and Interest earnings on the Landf'fll Tipping Fee Fund from the distribution of pooled interest earnings. Expenditures shall consist of the following uses: Transfers to the Equipment Revolving Fund of seventy-five percent (75%) of tipping fees received during the life of the Anoka Regional Sanitary Landfill; and Transfers to the General Fund for costs associated with Environmental Services in the City in an mount that does not exceed the amount of interest earnings projected and available in the Landfill Tipping Fee Fund; and Costs associated with the City-wide recycling program, through the end of 1994; and Costs associated with the annual clean-up day. This fund is not eligible for inter-fund loans. Community Development Block Grant Fund. The Community Development Block Grant Fund shall be used to account for all revenues and expenditures in conjunction with the Community Development Block Grant (CDBG) program activities. (b) This fund is not eligible for inter-fund loans. Page 2 of'lO