Laserfiche WebLink
4. For the reporting period and for the duration of TIF District No.1, the amount budgeted <br />under the TIF Plan and the actual amount expended for the following categories: <br />a) acquisition of land and buildings through .condemnation or purchase; <br />b) site improvement or preparation costs; <br />c) installation of public utilities or other public improvements; and <br />d) administrative costs, including the allocated cost of the City. <br />5. For properties sold to developers, the total cost of the property to the City and the price paid <br />by the developer; and <br />6. The amount of tax exempt obligations, other than those reported under clause (3), which <br />were issued on behalf of private entities for facilities located in TIF District No. 1. <br />In addition, the City will file the annual report with the Minnesota Commissioner of Revenue <br />regarding all TIF Districts in the City, as required in 469.175, Subd. 5 of the TIF Act. <br />X. Notification of Prior Planned Improvements <br />(AS AMENDED JULY 31, 1990) <br />Pursuant to Section 469.177, Subdivision 4 of the TIF act, the city reviewed its records with regard <br />to the property within TIF District No. 2 and found that no building permits were issued during the 18 months <br />immediately preceding approval of the TIF Plan (or modification thereof) by the City. <br />Y. Assessment Agreements <br />Pursuant to Minnesota Statutes, Section 469.177, Subd. 8 of the TIF Act, the City may, execute an <br />agreement in recordable form, with any person, which establishes a minimum market value of the land and <br />completed improvements for the duration of TIF District No. 2. The assessment agreement shall be presented <br />to the Anoka County Assessor who shall review the plans and specifications for the improvements to be <br />constructed, review the market value previously assigned to the land upon which the improvements are to be <br />constructed and, providing the minimum market value contained in the assessment agreement appears in the <br />judgment of the assessor to be a reasonable estimate, the assessor may certify the minimum market value <br />agreement <br />The assessment agreement shall be filed on record in the office of the Anoka County Recorder or the <br />Registrar of Titles of Anoka County. Recording or filing of an assessment agreement complying with the <br />terms ofMinnesota Statutes, Section 469 .177, Subd. 8 of the TIF Act shall constitute notice of the agreement <br />to any subsequent purchaser or encumbrancer of the land or any part thereof, wheter voluntary or involuntary, <br />and shall be binding upon them. <br />Z. Cash Flow Assumptions and Analysis <br />(AS MODIFIED DECEMBER 13, 2011) <br />The cashflow for the TIF District No. 2 is based upon increment received to date and expected <br />through 2012 and actual and estimated interest earnings. <br />City of Ramsey Tax Increment Financing Plan for Tax Increment Financing District No. 2 2-12 <br />