1992 CAFR - Laserfiche WebLink

Home

Note 5. LONG -TARN OBLIGATIONS (Continued) D. Minimum Debt Payments Future minimum payments under the Purchase Agreement for the land mortgage are as follows: Year Principal Interest Total $ 4,041 $ 184 $ 4,225 obligation bond maturities are as follows: 1993 General Year 1993 1994 1995 1996 1997 1998 -2007 Note 6. TAX INCREMENT FINANCING DISTRICTS The City is the administering authority for the following tax increment financing districts within Development District Numbers I and II: Type of district Chapter Established Duration Adjusted original tax capacity Current tax capacity Captured tax capacity Total G.O. Tax Increment Londe issued Principal payments Outstanding at 12/31/92 CITY OF RAMSEY, KINNRSOTA NOTRS TO FINANCIAL STATAMBNTS December 31, 1992 Principal $ 465,000 $ 440,000 1,950,000 415,000 285,000 2,645,000 $ 6,200,000 $ 2,415,289 $ _8,615,289 MW District No. 1 472A 8/27/85 1985/2011 $ 14,252 $ 583.027 $ 568.775 Interest Total 367,888 $ 832,888 340,651 780,651 282,763 2,232,763 224,655 639,655 201,675 486,675 997, 657 3, 642, 657 Development District T3 District No. 2 Economic Redevelop- Redevelop- Redevelop- Develop- ment sent sent mint 472k 6/30/86 1986/2012 -25- TIP TIP District District No. 4 No. 3 472A 469 8/11/87 4/24/90 1987/2013 1990/2000 dated February 3, 1989, Total $ 87,503 $ 90,153 $ 4,516 $ 196,424 $ $ 218.490 $ 228.064 $ 5.883 $ 1.035.464 $ Development District II: TIP District No. 3 Economic Develop - sent 472A 5/12/87 1987/1997 4,219 31.486 $ 130.987 $ 137.911 $ 1.367 $ 839.040 $ 27.267 $ 3,600,000 $ 130,000 $ 160.000 $ 20.000 $ 3.440.000 $ 110.000