Laserfiche WebLink
Ten of the Largest Taxpayers in the City <br /> 1996 Net <br /> Taxpayer Type of Property Tax Capacity* <br /> St. Marie Company Shopping Mall $ 291,593 <br /> Glaser Financial Group Inc. Apartment 240,550 <br /> St. Anthony Nursing <br /> Home/Chandler Place Health Facility 199,914 <br /> Equinox Properties Apartment Buildings 170,000 <br /> Northern States Power Company Utility 117,641 <br /> Village North Apartments 63,720 <br /> St. Anthony Minneapolis, Inc. Commercial 61,682 <br /> Leslie Paper Company Manufacturer 60,502 <br /> Firstar Bank of Minnesota Bank 56,392 <br /> Individual Commercial 50,902 <br /> Total $1,312,986* <br /> * Represents 21%of the City's total 1996 taxable net tax capacity. <br /> CITY INDEBTEDNESS <br /> Legal Debt Limit <br /> Legal Debt Limit (2% of Estimated Market Value) $6,251,966 <br /> Less: Outstanding Debt Subject to Limit (-0-) <br /> Debt Margin as of January 2, 1998 $6,251,966 <br /> General Obligation Debt Supported Primarily by Special Assessments <br /> Principal <br /> Date Original Final Outstanding <br /> of Issue Amount Purpose Maturity As of 1-2-98 <br /> 8-1-93 $470,000 Improvements 2-1-2009 $ 390,000 <br /> 6-1-94 525,000 Improvements 2-1-2010 490,000 <br /> 3-1-95 825,000 Improvements 2-1-2011 825,000 <br /> 4-1-97 690,000 Improvements 2-1-2013 690,000 <br /> 4-1-98 725,000 Improvements (this issue) 2-1-2014 725,000 <br /> Total $3,120,000 <br /> General Obligation Debt Supported by Tax Increments <br /> Principal <br /> Date Original Final Outstanding <br /> of Issue Amount Purpose Maturity As of 1-2-98 <br /> 1-1-91 $1,550,000 Tax Increment Refunding 2-1-1998 $ 190,000 <br /> 1-1-94 215,000 Tax Increment Refunding 2-1-2001 135,000 <br /> 12-1-95 2,650,000 Tax Increment 2-1-2010 2,385,000 <br /> 7-1-96 1,770,000 Taxable Tax Increment 2-1-2013 1,720,000 <br /> Total $4,430,000 <br /> - 8 - <br />