1994 CAFR - Laserfiche WebLink

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Note 6. TAX INCREMENT FINANCING DISTRICTS The City is the administering authority for the following tax increment financing districts within Development District Numbers I and II: Redevelop - Type of District ment Chapter Established Duration Adjusted Original Tax Capacity Current Tax Capacity Captured Tax Capacity Total G.O. Tax Increment Bonds Principal Payments Outstanding at December 31, 1994 CITY OF RAMSEY, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 1994 TIF District No. 1 472A 8/27/85 1985/2001 $ 533,436 Redevelop- ment Bonds issued and outstanding as of December 31, 1994: Development District I: General Obligation - Tax increment bonds of 1985 Tax increment bonds of 1987A Tax increment bonds of 1987B Tax increment bonds of 1989B Tax increment bonds of 1989C Tax increment refunding bonds of 1993A Development District II: General Obligation - Tax increment bonds of 1987C Development District I: TIF TIF District District No. 2 No. 4 472A 6/30/86 1986/2012 Redevelop- Economic ment Development — 472A 8/11/87 1987/2013 $ 19,589 $ 84,714 $ 85,030 553,025 250.024 222.583 165,310 $ 137,553 TIF District No. 5 469 4/24/90 1990/2000 $ 7,639 $ 196,972 58,965 1.084.597 $ 51,326 $ 887,625 $ 5,485,000 55,000 2,400,000 340,000 145,000 155,000 2,225,000 70,000 Development District II: TIF District No.3 165,000 $ 5,320,000 Economic Development Total 472A 5/12/87 1987/1997 $ 6,307 30,913 $ 24,606 $ 100,000 30.000 $ 70,000 5,320,000 70,000 Total Tax Increment Bonds Outstanding $ 5,390,000