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August 29, 1990 <br /> Page 2 <br /> Residential Homestead <br /> Blaine Mounds View Spring Lake Park <br /> $ 75,000 $13 $12 $10 <br /> $100,000 20 18 16 <br /> $125,000 32 29 25 <br /> Commercial Industrial <br /> $100,000 $49 $46 $40 <br /> $200,000 126 116 101 <br /> $500,000 356 326 284 <br /> As indicated, we have assumed Schedule A-2 would be used since we did not think you <br /> would levy a tax this year for collection in 1991 for payment of debt service in 1992. <br /> Schedule A-2 defers the first levy to 1991 and defers the first principal payment to 1994. <br /> This schedule has two basic impacts. It increases the overall interest costs by $439,326. <br /> Perhaps more importantly, it increases the first levy in 1991 by approximately $135,000 over <br /> the otherwise required 1990 levy shown in A-1. You could reduce that levy through the use <br /> of reinvestment income if you chose. <br /> If you have any questions about this or you wish additional tax impact data, please contact <br /> • me. <br /> Very sincerely yours, <br /> J6_-64b1)(7.5h,l, <br /> Robert D. Pulscher <br /> rls <br /> cc: Nancy Langness <br /> Enclosures <br />