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C. Changes in Long -Term
<br />General Obligation -
<br />Land mortgage payable
<br />Special assessment bonds
<br />Tax increment bonds
<br />Compensated absences
<br />D. Minimum Debt payments
<br />1994
<br />1995
<br />1996
<br />1997
<br />1998
<br />1999 -2007
<br />Note 6. TAX INCREMENT
<br />The City
<br />financing
<br />Type of district
<br />Chapter
<br />Established
<br />Duration
<br />Adjusted original
<br />tax capacity
<br />Current tax capacity
<br />$ 7,940,000
<br />Captured tax capacity $ 523.378
<br />Total G.O. Tax
<br />Increment
<br />Bonds issued
<br />Principal
<br />payments
<br />Outstanding
<br />at 12/31/93
<br />CITY OF RAMSEY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 1993
<br />Note 5. LONG -TERM OBLIGATIONS (Continued)
<br />Deht
<br />General obligation bond maturities are as follows:
<br />Year Principal Interest
<br />430, 000
<br />1,940,000
<br />415, 000
<br />450,000
<br />465,000
<br />4,240,000
<br />FINANCING DISTRICTS
<br />is the administering authority for the following tax
<br />districts within Development District Numbers I and II:
<br />TIP
<br />District
<br />No, 1
<br />Redevelop-
<br />ment
<br />472A
<br />8/27/85
<br />1985/2011
<br />$ 19,445
<br />$ 542.823
<br />Balance
<br />1/1/93 Additions
<br />4,041
<br />2,650,000
<br />3,550,000
<br />113,041
<br />$ 6,317,082 $ 2,235,037 $
<br />$ 339,126 $
<br />282,250
<br />224, 655
<br />288,003
<br />262,881
<br />1,204,921
<br />$ 2,601,836 $
<br />Development District I:
<br />-24-
<br />Tip
<br />District
<br />No, 2
<br />Redevelop-
<br />ment
<br />472A
<br />6/30/86
<br />1986/2012
<br />2,225,000
<br />10,037
<br />TIF
<br />District
<br />No. 4
<br />Redevelop-
<br />ment
<br />Total
<br />769, 126
<br />2,222,250
<br />639, 655
<br />738,003
<br />727, 881
<br />5,444,921
<br />10,541,836
<br />TIP
<br />District
<br />No. 5
<br />Economic
<br />Develop-
<br />ment
<br />472A 469
<br />8/11/87 4/24/90
<br />1987/2013 1990/2000
<br />Retired
<br />4,041 $
<br />295,000
<br />190,000
<br />489,041 $
<br />Total
<br />$ 86,307 $ 91,379 $ 28,322 $ 225,453 $
<br />$ 255.004 $ 218.882 $ 17.000 $ 1.033.709 $
<br />Balance
<br />12/31/93
<br />2,355,000
<br />5,585,000
<br />123,078
<br />8,063,078
<br />increment
<br />Development
<br />District II:
<br />TIF District
<br />No. 3
<br />Economic
<br />Develop-
<br />ment
<br />472A
<br />5/12/87
<br />1987/1997
<br />5,158
<br />31. 520
<br />$ 168.697 $ 126.500 $ - $ 818,575 $ 26,362
<br />$ 5,825,000 $ 130,000
<br />$ 330.000 $ 40.000
<br />$ 5,495,000 $ 90,000
<br />
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