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Ordinance - #01-27 - 12/18/2001
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Ordinance - #01-27 - 12/18/2001
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Resolutions & Ordinances
Resolutions or Ordinances
Ordinances
Resolution or Ordinance Number
#01-27
Document Date
12/18/2001
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Expenditures shall consist of the following uses: <br /> Transfers to the related debt service funds for principal, interest and fiscal charges <br /> on bond issued on projects in the tax increment financing districts until such time <br /> as all bonds are retired; and <br />(2) Transfers to the Economic Development Authority in an amount not to exceed ten <br /> percent (10%) of available increments received during the remaining life of each <br /> district; and <br />(3) Transfers to the Public Improvement Revolving Fund in an amount not to exceed <br /> the annual interest earnings from 1988 forward; and <br />(4) Costs levied by the County for administration of the tax increment financing <br /> districts; and <br />(5) Costs associated with tax increment financing projects as detailed in the annual <br /> Capital Improvement Program or as approved by the Economic Development <br /> Authority and City Council. <br /> <br />(d) <br /> <br />The above policies shall at all times comply with Minnesota Statutes and any City <br />agreements currently in place or entered into in the future. <br /> <br />(e) This fund is eligible for inter-fund loans. <br /> <br />2. Landfill Tipping Fee Fund. <br /> (a) The Landfill Tipping Fee Fund shall be used to account for revenues and <br /> expenditures as authorized by MS Section 115A.921 for mitigating and <br /> compensating for the local risks, costs and other adverse effects of landfills. <br /> <br />(b) <br /> (1) <br /> <br /> (2) <br /> <br /> (3) <br /> <br /> (4) <br /> (5) <br /> <br />Funding shall consist of the following sources: <br />Tipping fees generated during the life of the Anoka Regional Sanitary Landfill; <br />and <br />Grants and reimbursements from efforts to reduce, ruse and recycling solid waste; <br />and <br />Revenues generated from charges at the annual clean-up day, which is projected <br />to be self-supporting; and <br />Revenues from the sale of waste oil and scrap metals; and <br />Interest earnings on the Landfill Tipping Fee Fund from the distribution of pooled <br />interest earnings. <br /> <br />(c) <br /> (1) <br /> <br /> Expenditures shall consist of the following uses: <br /> Transfers to the Equipment Revolving Fund of seventy-five percent (75%) of <br /> tipping fees received during the life of the Anoka Regional Sanitary Landfill; and <br />(2) Transfers to the General Fund for costs associated with Environmental Services in <br /> the City in an amount that does not exceed the amount of interest earnings <br /> projected and available in the Landfill Tipping Fee Fund; and <br />(3) Costs associated with the City-wide recycling program, through the end of 1994; <br /> and <br />(4) Costs associated with the annual clean-up day. <br /> <br />(d) This fund is not eligible for inter-fund loans. <br /> <br />(a) <br /> <br />Community Development Block Grant Fund. <br />The Community Development Block Grant Fund shall be used to account for all <br />revenues and expenditures in conjunction with the Community Development <br />Block Grant (CDBG) program activities. <br /> <br /> (b) This fund is not eligible for inter-fund loans. <br />4. Future Sealcoating Fund. <br /> (a) The Future Sealcoating Fund shall be used to account for contributions from <br /> developers and property owners for future sealcoating work. <br /> <br />Page 2 of 12 <br /> <br /> <br />
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