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CITY OF RAMSEY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31,1997 <br />Note 6. TAX INCREMENT FINANCING DISTRICTS <br />The City is the administering authority for the following tax increment financing districts within Development <br />District Numbers I and II: , <br />Type of District <br />Chapter <br />Established <br />Duration <br />Adjusted Original <br />Tax Capacity <br />Current Tax <br />Capacity <br />Captured Tax <br />Capacity <br />Total G.O. Tax <br />Increment Bonds <br />Principal Payments <br /> Development <br /> Development D istrict I: District II: <br />TIF TIF TIF TIF TIF TIF <br />District District District District District District <br />No. l No• 2 No. 4 No. 5 No. 6 TOTAL No. 3 <br />Redevelop- Redevelop- Redevelop- Economic Economic Economic <br />ment ment ment Development Development Development <br />472A 472A 472A 469 469 472A <br />8127/85 6/30/86 8/11/87 4/24/90 9/15/95 5/12/87 <br />1985/2001 1986/2012 1987/2013 1990/2000 1995/2006 1987/1997 <br />$19,589 <br />Sz~.124 $276,980 <br />4$$~ $85,505 <br />?~4,~2~.~ $9,548 <br />X44.$12 $13,720 $405,342 <br />X5.4$4 .l...ZG4,.~13 $ - <br />- <br />~~ $211.983 S15g•44g $x.35.271 512.964 $1.355.271 $ - <br />Outstanding at <br />December 31, 1997 <br />Bonds issued and outstanding as of December 31, 1997: <br />Development District I: <br />General Obligation - <br />Tax increment bonds of 1985 $ 25,000 <br />Tax increment bonds of 1989B 65,000 <br />Tax increment bonds of 1989C 70,000 <br />Tax increment refunding bonds of 1993A 2,060,000 <br />Tax increment bonds of 1995A 2,415,000 <br />Tax increment bonds of 1996A 310,000 <br />Total Tax Increment Bonds Outstanding $ <br />$5,290,000 $ 25.000 <br />345,000 25.000 <br />$4.945.000 $ - <br />Total <br />4,945,000 <br />-21- <br />