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Agenda - Planning Commission - 11/07/2013
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Agenda - Planning Commission - 11/07/2013
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Meetings
Meeting Document Type
Agenda
Meeting Type
Planning Commission
Document Date
11/07/2013
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the City intends to use proceeds from TIF District No. 2 to purchase the following parcels: <br />34-32-25-21-0012 27-32-25-43-0002 <br />27-32-25-34-0007 27-32-25-43-0012 <br />27-32-25-43-0013 27-32-25-43-0014 <br />27-32-25-43-0008 27-32-25-43-0009 <br />27-32-25-44-0002 27-32-25-44-0003 <br />34-32-25-11-0021 34-32-25-11-0015 <br />34-32-25-11-0009 34-32-25-11-0010 <br />35-32-25-22-0017 35-32-25-22-0005 <br />35-32-25-21-0008 35-32-25-21-0027 <br />35-32-25-21-0030 35-32-25-22-0009 <br />35-32-25-22-0010 27-32-25-34-0009 <br />20-32-25-31-0001 20-32-25-34-0003 <br />20-32-25-32-0001 25-32-25-43-0043 <br />29-32-25-21-0001 29-32-25-12-0001 <br />29-32-25-33-0001 29-32-25-32-0001 <br />34-32-25-12-0006 <br />35-32-25-21-0012 <br />27-32-25-43-0006 <br />27-32-25-43-0010 <br />27-32-25-44-0006 <br />34-32-25-11-0016 <br />34-32-25-11-0011 <br />35-32-25-21-0006 <br />35-32-25-21-0028 <br />27-32-25-44-0012 <br />27-32-25-34-0005 <br />20-32-25-43-0001 <br />27-32-25-33-0006 <br />30-32-25-23-0003 <br />29-32-25-22-0004 <br />(AS' MODIFIED DECEMBER 13, 2011) <br />27-32-25-43-0011 <br />35-32-25-21-0023 <br />27-32-25-43-0005 <br />27-32-25-44-0014 <br />34-32-25-11-0022 <br />34-32-25-11-0008 <br />35-32-25-12-0004 <br />35-32-25-21-0007 <br />35-32-25-21-0029 <br />35-32-25-22-0014 <br />30-32-25-22-0003 <br />20-32-25-33-0001 <br />30-32-25-11-0025 <br />30-32-25-14-0001 <br />In addition to any land acquisition previously specified and to amend previously specified <br />acquisitions included in the Amendment to the Tax Increment Financing Plan dated June 24, 2003, the City <br />intends to use proceeds from TIF District No. 2 to purchase the following parcel for the construction of a <br />parking ramp: <br />28-32-25-31-0012 <br />The City also intends to acquire a right-of-way easements from BNSF railroad for the construction <br />of a rail stop as part of the Northstar Rail Corridor. Although this land and easements are not located within <br />TIF District No. 2, it is located within Development District No. 1. <br />P. TIF Account <br />The tax increment received, with respect to the TIF Districts within Development DistrictNo.1, shall <br />be segregated by the City in a special account on its official books and records or held by a trustee for the <br />benefit of holders of bonds issued to finance development activities. <br />Q. Estimate of Project Costs <br />(AS' MODIFIED DECEMBER 13, 2011) <br />The total estimated tax increment revenues for the District are expected to be approximately <br />$22,100,000, as shown in the table below: <br />City of Ramsey Tax Increment Financing Plan for Tax Increment Financing District No. 2 2-7 <br />
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