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01/10/2005 Council Packet
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01/10/2005 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
01/10/2005
Council Meeting Type
Regular
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City of Lino Lakes and Lino Lakes Economic Development Authority, Minnesota <br />(17) the amount of any payments for activities and improvements located outside of <br />the district that are paid for or financed with tax increments; <br />(18) the amount of payments of principal and interest that are made during the <br />reporting period on any non- defeased: <br />(1) general obligation tax increment financing bonds; <br />(ii) other tax increment financing bonds; and <br />(iii) notes and pay -as- you -go contracts; <br />(19) the principal amount, at the end of the reporting period, of any non - defeased: <br />(1) general obligation tax increment financing bonds; <br />(ii) other tax increment financing bonds; and <br />(iii) notes and pay -as- you -go contracts; <br />(20) the amount of principal and interest payments that are due for the current <br />calendar year on any non - defeased: <br />(1) general obligation tax increment financing bonds; <br />(11) other tax increment financing bonds; and <br />(iii) notes and pay -as- you -go contracts; <br />(21) if the fiscal disparities contribution under chapter 276A or 473F for the district is <br />computed under section 469.177, subdivision 3, paragraph (a). the amount of <br />increased property taxes imposed on other properties in the municipality that <br />approved the tax increment financing plan as a result of the fiscal disparities <br />contribution; <br />(22) whether the tax increment financing plan or other governing document permits <br />increment revenues to be expended; <br />(i) <br />to pay bonds, the proceeds of which were or may be expended on <br />activities outside of the district; <br />(11) for deposit into a common bond fund from which money may be <br />expended on activities located outside of the district; or <br />(iii) to otherwise finance activities located outside of the tax increment <br />financing district; <br />(23) the estimate contained in the tax increment financing plan of the cost of the <br />project, including administrative expenses to be paid with tax increment; and <br />(24) any additional information the state auditor may require. <br />The Authority must also annually publish in a newspaper of general circulation in the City an <br />annual statement for each tax increment financing district showing: <br />SPRINGSTED Page 17 <br />- 1 0 7 - <br />
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