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CITY OF RAMSEY <br />Notes to Financial Statements (continued) <br />December 31, 1998 <br />NOTE 13 -TAX INCREMENT FINANCING DISTRICTS <br />The City is the administering authority for the following tax increment financing district: <br />Development District I <br />TIF TIF TIF TIF TIF <br />District District District District District <br />No.1 No.2 No.4 No.S No.6 Total <br />Economic Economic <br /> Redevelop- Redevelop- Redevelop- Develop- Develop- <br />Type of district ment ment ment ment ment <br />Chapter 472A 472A 472A 469 469 <br />Established 08/27/85 06/30/86 08/11/87 04/24/90 09/15/95 <br />Duration 1985/2001 1986/2012 1987/2013 1990/2000 1995/2006 <br />Tax capacity <br />Adjusted original $ 19,589 $ 261,998 $ 85,508 $ 10,067 $ 8,646 $ 385,808 <br />Current tax capacity 633.684 691.833 221.876 382.164 160.203 2.089,760 <br /> <br />Captured tax capacity $ 614,095 $ 429,835 $ 136,368 $ 372,097 $ 151,557 $ 1,703,952 <br /> <br />Total G.O. Tax <br />Increment Bonds $ 4,945,000 <br />Principal payments 365,000 <br /> <br />Outstanding at 12/31/98 $ 4,580,000 <br />Bonds issued and outstanding as of December 31, 1998 are as follows: <br />Development District I <br />General obligation <br />Tax Increment Bonds, Series 1985 <br />Tax Increment Bonds, Series 1989B <br />Tax Increment Bonds, Series 1989C <br />Tax Increment Refunding Bonds, Series 1993A <br />Tax Increment Bonds, Series 1995A <br />Tax Increment Bonds, Series 1996A <br />$ 15,000 <br />35,000 <br />35,000 <br />1,890,000 <br />2,320,000 <br />285,000 <br />$ 4,580,000 <br />-30- <br />