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value of the land within the 'TIF District, including <br /> the value of development made possible by creation of <br /> the TIF District, will be distributed by the County <br /> Auditor to all taxing jurisdictions following <br /> termination of the TIF District. The value of the <br /> townhouses made possible by the creation of the TIF <br /> District will contribute significantly to the tax base <br /> of all ta:, ing jurisdictions, including the county and <br /> school board. In addition to the increased taxi base <br /> within the TIF District itself, which will be available <br /> to other taxing jurisdictions when the TIF District <br /> expires, the redevelopment helps accomplish the goals <br /> of the City, the Twin Cities Metropolitan Council, and <br /> the State of Minnesota. <br /> If Estimated Gross Tax Capacity Available to Taxing Juriidictions <br /> Without Creation of TIF District. The estimated gross tax <br /> capacity would be available to the taxing jurisdictions without <br /> creation of TIF District, each taxing jurisdiction would realize <br /> an increase of $ in gross tax capacity at completion <br /> of the construction of the townhomes. <br /> If Estimated 'Gross Tax Capacity Not Available to Taxing Jurisdictions. <br /> If estimated gross tax capacity is not available to taxing <br /> jurisdictions during duration of TIF District, the taxing <br /> jurisdictions will not realize an increase in gross tax capacity <br /> as a result of development of the townhomes until the TIF <br /> District has been terminated, which is not expected to occur <br /> until 2001 . <br /> C0I4CLUS I OIJ: <br /> 1 . The proposed district will increase the assessed <br /> value of the major, taxing jurisdictions over- the <br /> existing situation in 1= years. <br /> 13 <br />