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City of Little Canada, Minnesota
<br />Excess Increment Calculation Reporting TIF 2-1 TIF 3-2 TIF 3-3 TIF 5-1 TIF 6-1 TIF 7-1 TIF 7-2
<br />Decertification date 12/31/2016 12/31/2022 12/31/2029 12/31/2025 12/31/2039 12/31/2045 12/31/2029
<br />District Type Redevelopment Redevelopment HousingRenewal & Renovation Redevelopment Redevelopment Econ Dev
<br />Projected Available Balance as of 12/31/2022 1,102,109 70,401 786,692 154,402 - 136,895 3,636
<br />From 2020 Annual
<br />Reports
<br />From 2020 Annual
<br />Reports
<br />From 2020 Annual
<br />Reports
<br />From 2020 Annual
<br />Reports
<br />From 2020 Annual
<br />Reports
<br />From 2020 Annual
<br />Reports
<br />From 2020 Annual
<br />Reports
<br />Excess Increment Calculation
<br />3,272,626 8,138,337 2,563,976 2,048,326 330,585 - -
<br />3,927,151 9,766,004 3,076,771 2,457,991 396,702 - -
<br />5,633,500 15,900,000 5,432,259 6,502,200 2,288,000 7,969,930 321,471
<br />NOT REQUIRED NOT REQUIRED NOT REQUIRED NOT REQUIRED NOT REQUIRED NOT REQUIRED NOT REQUIRED
<br />3,272,626 8,138,337 2,563,976 2,048,326 330,585 - -
<br />- 425,648 - - - - -
<br />3,272,626 7,712,689 2,563,976 2,048,326 330,585 - -
<br />5,633,500 15,900,000 5,432,259 6,502,200 2,288,000 7,969,930 321,471
<br />- - - - - - -
<br />- - - - - - -
<br />- - - - - - -
<br />5,633,500 15,900,000 5,432,259 6,502,200 2,288,000 7,969,930 321,471
<br />(2,360,874) (8,187,311) (2,868,283) (4,453,874) (1,957,415) (7,969,930) (321,471)
<br />- - - - - - -
<br />- - - - - - -
<br />- - - - - - -
<br />- - - - - - -
<br />(2,360,874) (8,187,311) (2,868,283) (4,453,874) (1,957,415) (7,969,930) (321,471)
<br />2,254,135
<br />* Excess increments after subtractions must be returned to the county for distribution to the city, county, and school districts in which the TIF district is located within nine months after the end of the year (by September 30)
<br />Tax increment generated by the district since certification
<br />Multiply the above amount by 1.2
<br />Total costs authorized by the TIF plan to be paid or financed with tax increment
<br />Based on the calculation above, the Excess Increment Calculation Report is:
<br />Add transfers of increment made prior to December 31, 2020, used to pay for
<br />Prepayment of any outstanding bonds
<br />Discharge of the pledge of tax increment for any outstanding bonds
<br />Excess Increment Calculation Report
<br />Total tax increment generated by the district since certification
<br />Subtract total tax increment returned to the county
<br />Subtotal A
<br />Total costs authorized by the TIF plan to be paid or financed with tax increment
<br />Subtract authorized costs that have been or will be paid from sources other than
<br />Subtract principal and interest payments due after the year ended December
<br />Payment into an escrow account dedicated to the payment of any outstanding
<br />Excess increment after subtractions of authorized uses:
<br />Excess increment (Subtract subtotal B from subtotal A)
<br />Subtotal B
<br />Subtract any of the authorized uses of excess increment listed below:
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