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2. The captured tax capacity value of the district, including the amount of any <br />captured tax capacity value shared with other taxing districts; <br />The outstanding principal amount of bonds issued or other loans incurred to <br />finance project costs in the district; <br />4. For the reporting period and for the duration of the district, the amount budgeted <br />under the tax increment financing plan, and the actual amount expended for, at <br />least, the following categories: <br />(A) Acquisition of land and buildings through condemnation or purchase; <br />(B) Site improvements or preparation costs; <br />(C) Installation of public utilities or other public improvements; <br />(D) Administrative costs, including the allocated cost of the authority; <br />For properties sold to developers, the total cost of the property to the authority and <br />the price paid by the developer; <br />6. The amount of tax exempt obligations, other than those reported under clause (3), <br />that were issued on behalf of private entities for facilities located in the district. <br />Additionally, the city must annually publish a statement in a newspaper of general <br />circulation in the municipality showing the tax increment received and expended in that <br />year, the original tax capacity value, the captured tax capacity value, amount of <br />outstanding bonded indebtedness and any additional information the city deems <br />necessary. <br />Y. Assumptions <br />It was necessary to make certain assumptions regarding income, costs and timing of the tax <br />increment redevelopment district. These assumptions are based on discussions with city <br />and county staff and city planning consultants. <br />Z. Municipal Findings <br />Pursuant to Minnesota Statutes, Section 273.74, Subdivision 3, before or at the time of <br />approval of the tax increment financing plan, the municipality shall make the following <br />findings and shall set forth in writing the reasons and supporting facts for each <br />determination: <br />1. The proposed development or redevelopment, in the opinion of the city, would not <br />reasonably be expected to occur solely through private investment within the <br />reasonably foreseeable future and, therefore, the use of tax increment financing is <br />deemed necessary since the developers could not construct and operate the <br />redevelopment project without the necessary public improvements to service the <br />City of Mounds View TIF District No. 1 Modification 26 1 P a g e <br />