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• <br />• <br />City of Lino Lakes, Minnesota <br />Rent/lease revenue <br />Grants <br />Other <br />Subtotal <br />Transfers in <br />Total <br />0 <br />0 <br />0 <br />4,244,000 <br />0 <br />4.244.000 <br />The Authority anticipates providing financial assistance to the proposed development through <br />the use of a pay -as- you -go technique. As tax increments are deliected from the TIF District in <br />future years, a portion of these taxes will be distri ed t e developer /owner as <br />reimbursement for public costs incurred (see Section K <br />The Authority reserves the right to finance any or a public costs of the T1 istrict using pay - <br />as- you -go assistance, internal funding, generatt� ligation or revenue or any other <br />financing mechanism authorized by law. ThAuthority also r serves the rigl ) . to use other <br />sources of revenue legally applicable to the Project Area to for such costs including, but not <br />limited to, special assessments, utility revenues, federal or to funds, and investment income. <br />Section M Estimated Amount of Bon <br />The Authority does not anticipate issuing ;tax incre <br />costs of the TIF District, bu 94-,v, es the rr ht to a� <br />$1,785,000.�e� <br />inance the estimated public <br />ends in an amount not to exceed <br />Section N Origin <br />The County Auditor sha <br />be equal ttj #i1V <br />Comm* <br />this <br />Dec <br />e ohgthla.,_ capacity of the TIF District. This value will <br />acity of all property in the TIF District as certified by the State <br />istricts certified between January 1 and June 30, inclusive, <br />ssessment year. For districts certified between July 1 and <br />ased on the current assessment year. <br />of all property within the TIF District as of January 2, 2002, for <br />5,000. Upon establishment of the TIF District, and subsequent <br />estimated that the original net tax capacity of the TIF District will <br />The Esti <br />taxes paya . <br />reclassification <br />be approximateljt <br />Market ValtJ+ <br />2003, is $ <br />roperty <br />N. 95th <br />Each year the Coun `• uditor shall certify the amount that the original net tax capacity has <br />increased or decreased as a result of: <br />(1) <br />(2) reductions or enlargements of the geographic area of the TIF District; <br />(3) <br />(4) changes in property classification rates. <br />changes in the tax - exempt status of property; <br />changes due to stipulation agreements or abatements; or <br />SPRI NGSTED <br />Page 6 <br />