Agenda - Council - 07/14/2026 - Laserfiche WebLink

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Estimated costs associated with the District are subject to change among categories without a modification to the TIF Plan. The cost of all activities to be considered for tax increment financing will not exceed, without formal modification, the budget above pursuant to the applicable statutory requirements. The City may expend funds for qualified housing activities outside of the District boundaries. FISCAL DISPARITIES ELECTION Pursuant to M.S., Section 469.777, Subd. 3, the City may elect one of two methods to calculate fiscal disparities. The City will choose to calculate fiscal disparities by clause b (inside). ESTIMATED IMPACT ON OTHER TAXING JURISDICTIONS The estimated impact on other taxing jurisdictions assumes that the redevelopment contemplated by the TIF Plan would occur without the creation of the District. However, the City has determined that such development or redevelopment would not occur "but for" tax increment financing and that, therefore, the fiscal impact on other taxing jurisdictions is $0. The estimated fiscal impact of the District would be as follows if the "but for" test was not met: Entity Estimated Impact on Tax Base Percent of 2024/Pay 2025 CTC upon CTC Total NTC completion to Entity Total Anoka County City of Ramsey I.S.D. No. 11 (Anoka -Hennepin) 557, 007,166 44,832,575 293, 931, 884 554,943 554,943 554,943 0.0996% 1.2378% 0.1888% Entity Estimated Impact on Taxes Pay 2025 Percent of Extension Rate Total CTC Potential Taxes Anoka County City of Ramsey I.S.D. No. 11 (Anoka -Hennepin) Other 31.8520% 46.1440% 13.0290% 3.5330% 94.5580% 33.69% 48.80% 13.78% 3.74% 100.00% 554,943 554,943 554,943 554,943 $ 176,760 256,073 72,304 19,606 $ 524,743 City of Ramsey Tax Increment Financing District No. 20 (Trident) 8