|
City of Little Canada, MN Management Review & Analysis – Tax Increment Financing Districts 11 Post-1990 Districts All of the City’s TIF Districts except 2-1 were certified after May 1, 1990 and are subject to Minnesota Statue 469.1763 Subd. 2. This statute states that 20% to 25% of the total revenues derived from tax increments may be expended outside the district but within the development district, depending on the type of district. For housing districts, as discussed above, income-eligible housing projects are considered to be spent within the district. The table on the following page shows how much can be pooled from each district. For District 3-3, it shows the amount that can be pooled for uses other than income-eligible housing projects. Pooling Projection for all TIF Districts Pre‐1990Year TIF 2‐1TIF 3‐2TIF 3‐3TOTALTIF 5‐1TIF 6‐1TIF 7‐1TIF 7‐2TIF 7‐3Total2020 1,102,109$ 70,401$ 336,479$ 406,880$ (221,293)$ (497,921)$ (16,288)$ (3,578)$ ‐$ 769,908$ 2021‐ ‐ 27,702 27,702 40,991 63,614 16,803 7,021 (20,000) 136,132 2022‐ ‐ 27,702 27,702 40,990 65,873 14,177 27,022‐ 175,764 2023‐ ‐ 27,702 27,702 40,991 68,221 14,176 7,022‐ 158,112 2024‐ ‐ 27,702 27,702 40,991 70,663 14,177 7,022 11,977 172,532 2025‐ ‐ 27,702 27,702 40,990 73,203 14,176 ‐ 12,364 168,435 2026‐ ‐ 27,702 27,702 ‐ 75,845 14,176 ‐ 12,762 130,485 2027‐ ‐ 27,702 27,702 ‐ 78,592 14,177 ‐ 13,173 133,644 2028‐ ‐ 27,702 27,702 ‐ 81,449 14,176 ‐ 13,594 136,921 2029‐ ‐ 27,703 27,703 ‐ ‐ 14,176 ‐ 14,030 55,909 2030‐ ‐ ‐ ‐ ‐ ‐ 14,177 ‐ 14,477 28,654 2031‐ ‐ ‐ ‐ ‐ ‐ 14,176 ‐ 14,939 29,115 2032‐ ‐ ‐ ‐ ‐ ‐ 14,177 ‐ 15,416 29,593 2033‐ ‐ ‐ ‐ ‐ ‐ 14,176 ‐ ‐ 14,176 2034‐ ‐ ‐ ‐ ‐ ‐ 14,176 ‐ ‐ 14,176 2035‐ ‐ ‐ ‐ ‐ ‐ 14,177 ‐ ‐ 14,177 2036‐ ‐ ‐ ‐ ‐ ‐ 14,176 ‐ ‐ 14,176 2037‐ ‐ ‐ ‐ ‐ ‐ 14,176 ‐ ‐ 14,176 2038‐ ‐ ‐ ‐ ‐ ‐ 14,177 ‐ ‐ 14,177 Total 1,102,109$ 70,401$ 585,798$ 656,199$ (16,340)$ 79,539$ 241,514$ 44,509$ 102,732$ 2,210,262$ Redevelopment Area No. 1TIF DistrictPost 1990 Districts
|