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development or redevelopment would not occur "hut for" tax increment financing and that, therefore, the <br />fiscal impact on other taxing jurisdictions is $0. The estimated fiscal impact of the District would be as <br />follows if the "but for" test was not met: <br />IMPACT ON TAX BASE <br />2001/2002 Estimated Captured <br />Total Net Tax Capacity (CTC) Percent of CTC <br />Tax Capacity Upon Completion to Entity Total <br />Ramsey County 266,595,503 110,333 0.0414% <br />City of Little Canada 5,662,648 110,333 1.9484% <br />Roseville ISD No. 623 36,450,230 110,333 0.3027% <br />IMPACT ON TAX RATES <br /> 2001/2002 Percent Potential <br /> F,xtension Rates of Total CTC Taxes <br />Ramsey County 0.553660 54.74% 110,333 61,087 <br />City of Little Canada 0.296940 29.36% 110,333 32,762 <br />Roseville ISD No. 623 0.100190 9.9'1% 110,333 11,054 <br />Other 0.060630 5.99% 110,333 6689 <br />Total 1.011420 100.00% 111,593 <br />The estimates listed above display the captured tax capacity when all construction is completed. The tax rate <br />used for calculations is the actua12001/Pay 2002 rate. The total net capacity for the entities listed above are <br />based on actual Pay 2002 figures. The District will be certified under the actua12002/Pay 2003 rates, which <br />were unavailable at the time this TIF Plan was prepared. <br />Subsection 3-16. Supporting Documentation <br />Pursuant to MS Section 469.175 Subd la, clause 7 the TIF Plan must contain identification and description <br />of studies and analyses used to make the determination set forth in MS Sectio~z 469.175 Subd 3, clause <br />(l)and the findings are required in the resolution approving the TIF district.. Following is a list of reports <br />and studies on file at the City that support the Authority's findings: <br />A list of applicable studies, if any, will be listed here prior to the public hearing. <br />Subsection 3-17. Definition of Tax Increment Revenues <br />Pursuant to MS, Section 469.174, Subd. 25, tax increment revenues derived from a tax increment financing <br />district include all of the following potential revenue sources: <br />1. Taxes paid bythe captured net tax capacity, but excluding any excess taxes, as computed underMS, <br />Section 469.177; <br />2. The proceeds from the sale or ]ease of property, tangible or intangible, purchased by the Authority <br />Economic Development Awhorily of the City of Little Canada 'l'ax Increment Financing Plan for Tax lncrem ent Financing Uislria No.3-3 3-8 <br />