Laserfiche WebLink
Entity <br />Ramsey County <br />City of <br />Little Canada <br />I.S.D. No. 623 <br />SISD No. 916 <br />Entity <br />IMPACT ON TAX BASE <br />Recent <br />(Payable 90) Net Tax <br />Tax Base Capacity <br />$380,940,360 <br />$ 7,617,883 <br />$52,063,819 <br />Ramsey County <br />City of Little Canada <br />I.S.D. No. 623 & <br />S.I.S.D. No. 916 <br />Other* <br />Total: <br />$12,108 <br />$12,108 <br />$12,108 <br />$12,108 <br />Future <br />Net Tax <br />Capacity <br />$88,029 <br />$88,029 <br />$88,029 <br />$88,029 <br />IMPACT ON TAX CAPACITY RATES <br />Payable 1990 Tax <br />Capacity Rates <br />30.493% <br />18.152% <br />56.941% <br />Captured <br />Net Tax <br />Capacity <br />$75,921 <br />$75,921 <br />$75,921 <br />$75,921 <br />% of <br />Captured <br />Net Tax <br />Capacity <br />To Entity <br />.020% <br />. 997% <br />. 146% <br />Potential <br />Taxes <br />$23,151 <br />13,781 <br />43,230 <br />7.655% 5,812 <br />113.241% $85,974 <br />*Other includes Metropolitan Mosquito Control District, Ramsey County <br />Library, Metropolitan Council, Regional Transit Commission, Metro <br />Watershed and Light Rail Authority. <br />Subsection 2.15. Cash Flow Assumptions and Analysis. <br />A. Future Net Tax Capacity. The estimated future net tax <br />capacity of Tax Increment Financing District No. 2 -1 at <br />final completion, as determined by the County Assessor is <br />$88,029, 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. 2 -1 to be $12,108 for taxes in <br />1989 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 the <br />life of the district. <br />2 -5 <br />Page 24 <br />