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IMPACT ON TAX CAPACITY RATES <br />Payable 1990 Tax Potential <br />Entity Capacity Rates Taxes <br />Ramsey County 30.493% <br />City of Little Canada 18.152% <br />I.S.D. No. 623 & 56.941% <br />S.I.S.D. No. 916 <br />Other* 7.655% <br />Total: 113.241% <br />$ 98,768 <br />58,795 <br />185,435 <br />24 733 <br />$366,731 <br />*Other includes Metropolitan Mosquito Control District, Ramsey <br />County Library, Metropolitan Council, Regional Transit <br />Commission, Metro Watershed and Light Rail Authority. <br />Subsection 1.15. Cash Flow Assumptions and Analysis. <br />1556 <br />A. Future Net Tax Capacity. The estimated future net tax <br />capacity of Tax Increment Financing District No. 4 at <br />final completion, as determined by the County Assessor <br />is $327,140 payable 1992. <br />B. Recent Net Tax Capacity. The County Assessor's records <br />show the recent net tax capacity of Tax Increment <br />Financing District No. 4 to be $3,234 for taxes in 1989 <br />and payable in 1990. <br />C. Net Tax Capacity Rate. The net tax capacity rate is <br />113.241 %. This is the original tax capacity rate for <br />the life of the district. <br />D. Tax Increment. When all of the proposed development is <br />completed and generating tax increment, the full tax <br />increment will be $327,140 assuming a static net tax <br />capacity rate and a valuation increased by zero (0) <br />percent compounded annually. <br />E. Projected Timing. The payment of the first full tax <br />increment from Tax Increment Financing District No. 4 <br />will be received in 1992. <br />F. Capital Expenditures. Capital expenditures are a <br />summary of the items associated with the public costs <br />set forth in Subsection 1.8 and are to be financed from <br />the proceeds of the Bonds and /or tax increment <br />receipts. <br />1 -7 <br />Page 37 <br />