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10-03-2012
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10-03-2012
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MV City Council
City Council Document Type
City Council Packets
Date
10/3/2012
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City of Mounds View TIF District No. 1 Modification 8 | P a g e <br /> <br />08-30-23-22-0040 06-30-23-31-0105 08-30-23-13-0028 08-30-23-14-0066 07-30-23-32-0013 <br />05-30-23-33-0017 06-30-23-21-0104 08-30-23-13-0036 05-30-23-41-0018 07-30-23-32-0012 <br />05-30-23-33-0098 06-30-23-21-0022 08-30-23-13-0065 05-30-23-41-0016 07-30-23-32-0011 <br />06-30-23-44-0069 06-30-23-21-0026 05-30-23-24-0017 08-30-23-14-0029 07-30-23-32-0018 <br />06-30-23-34-0010 06-30-23-21-0034 05-30-23-24-0041 06-30-23-12-0101 07-30-23-34-0035 <br />07-30-23-22-0039 06-30-23-21-0036 05-30-23-24-0043 06-30-23-42-0055 07-30-23-43-0055 <br />07-30-23-22-0027 06-30-23-21-0037 06-30-23-13-0048 06-30-23-42-0053 07-30-23-34-0055 <br />07-30-23-22-0028 08-30-23-31-0070 06-30-23-13-0052 06-30-23-42-0030 07-30-23-34-0008 <br />07-30-23-22-0029 08-30-23-42-0013 06-30-23-13-0054 06-30-23-42-0032 05-30-23-23-0021 <br />06-30-23-22-0080 08-30-23-42-0005 06-30-23-24-0018 06-30-23-42-0034 05-30-23-23-0022 <br />06-30-23-22-0089 08-30-23-42-0004 06-30-23-24-0022 06-30-23-42-0035 05-30-23-23-0023 <br />06-30-23-22-0102 08-30-23-42-0003 06-30-23-31-0021 06-30-23-42-0044 05-30-23-23-0024 <br />07-30-23-41-0140 08-30-23-31-0075 07-30-23-44-0115 06-30-23-13-0018 05-30-23-23-0025 <br />06-30-23-44-0029 08-30-23-31-0069 08-30-23-33-0048 06-30-23-13-0045 05-30-23-23-0034 <br />06-30-23-44-0030 08-30-23-31-0071 08-30-23-32-0075 06-30-23-12-0022 05-30-23-23-0035 <br />06-30-23-44-0032 08-30-23-22-0039 08-30-23-32-0074 06-30-23-12-0018 05-30-23-32-0017 <br />06-30-23-44-0050 06-30-23-43-0016 06-30-23-44-0059 06-30-23-12-0120 05-30-23-32-0038 <br />06-30-23-44-0049 06-30-23-43-0028 05-30-23-33-0011 06-30-23-12-0103 05-30-23-32-0036 <br />06-30-23-44-0048 06-30-23-43-0029 05-30-23-33-0010 06-30-23-12-0107 05-30-23-32-0022 <br />06-30-23-44-0038 06-30-23-34-0001 05-30-23-33-0009 06-30-23-12-0122 05-30-23-32-0023 <br />06-30-23-44-0041 06-30-23-31-0014 05-30-23-33-0007 06-30-23-12-0037 05-30-23-32-0026 <br />05-30-23-32-0032 <br /> <br />05-30-23-23-0048 <br /> <br />05-30-23-23-0036 <br /> <br />05-30-23-23-0049 06-30-23-14-0066 <br /> <br />Any properties identified for acquisition will be acquired by the EDA or City only in <br />order to accomplish one or more of the following: carry out land acquisition; <br />demolition of structures; rehabilitation of housing and commercial units; relocation; <br />construction of new residential and commercial units; site improvements; storm sewer <br />improvements; roadway improvements, provide land for needed public streets, <br />sidewalks, alley ways, utilities and facilities to accomplish the uses and objectives set <br />forth in this plan. The EDA or City may acquire property by gift, dedication, <br />condemnation or direct purchase from willing sellers in order to achieve the <br />objectives of this TIF Plan. Such acquisitions will be undertaken only when there is <br />assurance of funding to finance the acquisition and related costs. <br /> <br />G. Estimate of Costs <br /> <br />The estimate of public costs associated with the tax increment financing redevelopment <br />district are outlined in the line item budget in Appendix E. <br /> <br />The amount of capitalized interest identified in the budget will be equal to an amount <br />sufficient to pay interest on the bonds from the date of issue until the date of collection of <br />sufficient tax increment revenue to meet scheduled interest payments when due, but not <br />exceeding 3 years as required by Minnesota Statutes, Chapter 475. Predicting capitalized
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