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City of Little Canada Tax Increment Financing Plan for Tax Increment Financing District No. 7-2 2-8 <br />unavailable at the time this TIF Plan was prepared. <br />Pursuant to M.S. Section 469.175 Subd. 2(b): <br />(1) Estimate of total tax increment. It is estimated that the total amount of tax increment that will be <br />generated over the life of the District is $292,246; <br />(2) Probable impact of the District on city provided services and ability to issue debt. An impact of the <br />District on police protection is not expected. The City currently contracts with the Ramsey County <br />Sheriff’s Office for police services. With any addition of new residents or businesses, police calls for <br />service may be increased. New developments may add an increase in traffic, and additional overall <br />demands to the call load. The City does not expect that the proposed development, in and of itself, <br />will necessitate new capital investment or require that the City expand its contract with Ramsey <br />County. <br />The probable impact of the District on fire protection is not expected to be significant. Typically new <br />buildings generate few calls, if any, and are of superior construction. <br />The impact of the District on public infrastructure is expected to be minimal. The development is <br />not expected to significantly impact any traffic movements in the area. The current infrastructure for <br />sanitary sewer, storm sewer and water will be able to handle the additional volume generated from <br />the proposed development. Based on the development plans, there are no additional costs associated <br />with street maintenance, sweeping, plowing, lighting and sidewalks. The development in the District <br />is expected to contribute to sanitary sewer (SAC) and water (WAC) connection fees. <br />The probable impact of any District general obligation tax increment bonds on the ability to issue <br />debt for general fund purposes is expected to be minimal. It is not anticipated that there will be any <br />general obligation debt issued in relation to this project, therefore there will be no impact on the <br />City's ability to issue future debt or on the City's debt limit. <br />(3) Estimated amount of tax increment attributable to school district levies. It is estimated that the <br />amount of tax increments over the life of the District that would be attributable to school district <br />levies, assuming the school district's share of the total local tax rate for all taxing jurisdictions <br />remained the same, is $80,280; <br />(4) Estimated amount of tax increment attributable to county levies. It is estimated that the amount of <br />tax increments over the life of the District that would be attributable to county levies, assuming the <br />county's share of the total local tax rate for all taxing jurisdictions remained the same, is $125,958; <br />(5) Additional information requested by the county or school district. The City is not aware of any <br />standard questions in a county or school district written policy regarding tax increment districts and <br />impact on county or school district services. The county or school district must request additional <br />information pursuant to M.S. Section 469.175 Subd. 2(b) within 15 days after receipt of the tax <br />increment financing plan. <br />No requests for additional information from the county or school district regarding the proposed <br />development for the District have been received.