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City of Little Canada, MN Management Review & Analysis – Tax Increment Financing Districts 10 Cashflow Projection for District 3-3 Year Tax IncrementInterest Income Other RevenueTOTAL REVENUES Project PAYGO Note Admin Expense County AdminTOTAL EXPENSE16 2019 245,734            13,957               ‐                     259,691            ‐                     156,790            4,530                 571                    161,891            475,933            17 2020 271,940            13,937               ‐                     285,877            ‐                     161,732            5,759                 625                    168,116            593,694            18 2021 277,020            8,905                  ‐                     285,925            ‐                     161,733            27,702              625                    190,060            689,560            19 2022 277,020            10,343               ‐                     287,363            ‐                     161,733            27,702              625                    190,060            786,863            20 2023 277,020            11,803               ‐                     288,823            ‐                     161,733            27,702              625                    190,060            885,627            21 2024 277,020            13,284               ‐                     290,304            ‐                     7,424                 27,702              625                    35,751              1,140,180         22 2025 277,020            17,103               ‐                     294,123            ‐                      ‐                     27,702              625                    28,327              1,405,977         23 2026 277,020            21,090               ‐                     298,110            ‐                      ‐                     27,702              625                    28,327              1,675,760         24 2027 277,020            25,136               ‐                     302,156            ‐                      ‐                     27,702              625                    28,327              1,949,589         25 2028 277,020            29,244               ‐                     306,264            ‐                      ‐                     27,702              625                    28,327              2,227,526         26 2029 277,020            33,413               ‐                     310,433            ‐                      ‐                     27,702              625                    28,327              2,509,633         CASH FLOW PROJECTIONS ROLL UPExpendituresEnding BalanceTIF YearRevenues Note: 2025 – 2029 increment is only available if developer continues to maintain income restrictions after PAYGO Note is paid in full. If so, City can estimate additional $1.37 million to be available for pooling for affordable housing over last 5 years of the District. Pooling TIF for Public Redevelopment Costs The statutes for TIF Pooling have changed over the years, so the date a district was certified determines what portion of the total revenues can be “pooled” to be spent on projects outside of the district. Pre-1990 Districts Districts certified prior to May 1, 1990 can pool to other eligible projects within their development district. The City of Little Canada has one such district: District 2-1 which is decertified but has a fund balance of $1,102,109. This balance can be spent within Development District #2 (which is coterminous with the City’s boundaries) on other redevelopment projects to pay for costs such as street and sidewalk improvements, public parking, storm water improvements, or property acquisition and demolition. To acquire property, the parcel must be listed in the TIF Plan.