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CITY OF RAMSEY, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 1995 Note 6. TAX INCREMENT FINANCING DISTRICTS The City is the administering authority for the following tax increment fmancing districts within Development District Numbers I and II: Type of District Chapter Established Duration Adjusted Original Tax Capacity Current Tax Capacity Captured Tax Capacity TIF District No. 1 Development District II: General Obligation - Tax increment bonds of 1987C TIF District No. 2 Redevelop- Redevelop- ment ment 472A 8/27/85 1985/2001 Total G.O. Tax Increment Bonds Principal Payments Outstanding at December 31, 1995 Bonds issued and outstanding as of December 31, 1995: 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 Tax increment bonds of 1995A Development District I: —21— TIF District NIA Redevelop- ment 472A 472A 6/30/86 • 8/11/87 1986/2012 1987/2013 $ 19,589 $ 84,714 $ 84,896 $ 593.760 250.024 221.923 $ 574.171 $ 165,310 $ 137.027 TIF District No. 5 Economic Development 469 4/24/90 1990/2000 Economic Development 7,720,000 Development District II: TIF District TOTAL No. 3 50,000 7,699 $ 196,898 $ 7,712 208.243 1.273.950 31.166 $ 200.544 $ 1.077.052 $ 23.454 $ 7,920,000 $ 70,000 200,000 20,000 $ 7.720.000 $ 50.000 Total 45,000 2,275,000 325,000 120,000 130,000 2,225,000 2,600,000 472A 5/12/87 1987/1997 50,000 Total Tax Increment Bonds Outstanding $ 7,770,000