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Type of district
<br />Chapter
<br />Established
<br />Duration
<br />Adjusted original
<br />assessed value
<br />Current assessed value as
<br />of January 2, 1987
<br />CITY OF RAMSEY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS (Continued)
<br />December 31, 1988
<br />Note 5. LONG -TERM DEBT OBLIGATIONS (continued)
<br />D. Minimum Debt Payments (continued)
<br />General obligation bond maturities are as follows:
<br />Year Principal Interest Total
<br />1989 $1,005,000 $ 489,308 $ 1,494,308
<br />1990 875,000 416,655 1,291,655
<br />1991 695,000 346,988 1,041,988
<br />1992 495,000 297,609 792,609
<br />1993 295,000 265,425 560,425
<br />1994 -2007 3,370,000 1,809,953 5,179,953
<br />Note 6. TAX INCREMENT FINANCING DISTRICTS
<br />$6,735,000 $3,625,938 $10,360,938
<br />The City is the administering authority for the following tax incre-
<br />ment financing districts within Development District Numbers I and II:
<br />Development
<br />District I:
<br />TIF District
<br />No. 1
<br />Redevelopment Redevelopment
<br />472A
<br />8/27/1985
<br />1985/2011
<br />$ 108,005
<br />1,896,555
<br />Captured assessed value $ 1,788,550
<br />Development
<br />District I:
<br />TIF District
<br />No. 2
<br />472A
<br />6/30/1986
<br />1986/2012
<br />$ 1,378,134
<br />1,426,039
<br />$ 47,905
<br />Development
<br />District II:
<br />TIF District
<br />No. 3
<br />Economic
<br />Development
<br />472A
<br />5/12/1987
<br />1987/1997
<br />12,270
<br />15,003
<br />$ 2,733
<br />
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