My WebLink
|
Help
|
About
|
Sign Out
Home
Agenda - Planning Commission - 09/10/2015
Ramsey
>
Public
>
Agendas
>
Planning Commission
>
2015
>
Agenda - Planning Commission - 09/10/2015
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/21/2025 10:23:39 AM
Creation date
12/16/2015 10:48:31 AM
Metadata
Fields
Template:
Meetings
Meeting Document Type
Agenda
Meeting Type
Planning Commission
Document Date
09/10/2015
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
253
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
(3) <br />City's ability to issue future debt or on the City's debt limit. <br />Estimated amount of tax increment attributable to school district levies. It is estimated that the <br />amount of tax increments over the life of the District that would be attributable to school district <br />levies, assuming the school district's share of the total local tax rate for all taxing jurisdictions <br />remained the same, is $276,845; <br />(4) Estimated amount of tax increment attributable to county levies. It is estimated that the amount of <br />tax increments over the life of the District that would be attributable to county levies, assuming the <br />county's share of the total local tax rate for all taxing jurisdictions remained the same, is $469,462; <br />(5) <br />Additional information requested by the county or school district. The City is not aware of any <br />standard questions in a county or school district written policy regarding tax increment districts and <br />impact on county or school district services. The county or school district must request additional <br />information pursuant to M.S. Section 469.175 Subd. 2(b) within 15 days after receipt of the tax <br />increment fmancing plan. <br />No requests for additional information from the county or school district regarding the proposed <br />development for the District have been received. <br />Subsection 2-15. Supporting Documentation <br />Pursuant to M.S. Section 469.175, Subd. 1 (a), clause 7 the TIF Plan must contain identification and <br />description of studies and analyses used to make the findings are required in the resolution approving the <br />District. Following is a list of reports and studies on file at the City that support the City's findings: <br />• A list of applicable studies will be listed here prior to the public hearing. <br />Subsection 2-16. Definition of Tax Increment Revenues <br />Pursuant to M.S., Section 469.174, Subd. 25, tax increment revenues derived from a tax increment financing <br />district include all of the following potential revenue sources: <br />1. Taxes paid by the captured net tax capacity, but excluding any excess taxes, as computed under M. S., <br />Section 469.177; <br />2. The proceeds from the sale or lease of property, tangible or intangible, to the extent the property was <br />purchased by the authority with tax increments; <br />3. Principal and interest received on loans or other advances made by the authority with tax increments; <br />4. Interest or other investment earnings on or from tax increments; <br />5. Repayments or return of tax increments made to the Authority under agreements for districts for <br />which the request for certification was made after August 1, 1993; and <br />6. The market value homestead credit paid to the Authority under M.S., Section 273.1384. <br />Subsection 2-17. Modifications to the District <br />In accordance with M.S., Section 469.175, Subd. 4, any: <br />1. Reduction or enlargement of the geographic area of the District, if the reduction does not meet the <br />requirements of M.S., Section 469.175, Subd. 4(e); <br />2. Increase in amount of bonded indebtedness to be incurred; <br />3. A determination to capitalize interest on debt if that determination was not a part of the original TIF <br />City of Ramsey Tax Increment Financing Plan for Tax Increment Financing District No. 15 2-9 <br />
The URL can be used to link to this page
Your browser does not support the video tag.