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12-20-2004 EDA Packet
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12-20-2004 EDA Packet
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EDA
EDA Document Type
EDA Packet
Meeting Date
12/20/2004
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City of Lino Lakes and Lino Lakes Economic Development Authority, Minnesota <br />(11) the month and year in which the authority has received or anticipates it will <br />receive the first increment from the district; <br />(12) the date the district must be decertified; <br />(13) for the reporting period and prior years of the district, the actual amount <br />received from, at least, the following categories: <br />(i) <br />tax increments paid by the captured net tax capacity retained for tax <br />increment financing under section 469.177, subdivision 2, paragraph (a), <br />clause (1), but excluding any excess taxes; <br />(ii) tax increments that are interest or other investment earnings on or from <br />tax increments; <br />(iii) tax increments that are proceeds from the sale or lease of property, <br />tangible or intangible, purchased by the authority with tax increments; <br />(iv) tax increments that are repayments of loans or other advances made by <br />the authority with tax increments; <br />(v) bond or loan proceeds; <br />(vi) special assessments; <br />(vii) grants; and <br />(viii) transfers from funds not exclusively associated with the district; <br />(14) for the reporting period and for the prior years of the district, the amount <br />budgeted under the tax increment financing plan, and the actual amount <br />expended for, at least, the following categories: <br />(i) acquisition of land and buildings through condemnation or purchase; <br />(ii) site improvements or preparation costs; <br />(iii) installation of public utilities, parking facilities, streets, roads, sidewalks, <br />or other similar public improvements; <br />(iv) administrative costs, including the allocated cost of the Authority; and <br />(v) public park facilities, facilities for social, recreational, or conference <br />purposes, or other similar public improvements; and <br />(vi) transfers to funds not exclusively associated with the district; <br />(15) for properties sold to developers, the total- cost of the property to the Authority <br />and the price paid by the developer; <br />(16) the amount of any payments and the value of in -kind benefits, such as physical <br />improvements and the use of building space, that are paid or financed with tax <br />increments and are provided to another governmental unit other than the <br />municipality during the reporting period; <br />SPRI NGSTED Page 16 <br />
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