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May 3, 1999 <br /> Roger Larson Sr., Finance Director <br /> City of St.Anthony • <br /> 3301 Silver Lake Road <br /> St.Anthony, MN 55418 <br /> Dear Mr. Larson: <br /> Minnesota Statutes 469.176 Subd. 4h authorizes County Auditors to <br /> obtain payment for administrative costs incurred during the calendar <br /> year 1998 related to Tax Increment Finance (TIF) districts. The <br /> enclosed invoice and attachment show administrative expenses related <br /> to TIF districts in your City. I have also enclosed a list of County <br /> Auditor TIF administrative duties. <br /> The costs include expenses related to the creation of new TIF districts <br /> and the overall maintenance of existing ones. Any costs directly <br /> attributable to a particular TIF district are billed to that district. <br /> Indirect maintenance costs totaling $30,597.61 are charged to 147 <br /> districts in the County for 1998. One half of the cost is apportioned <br /> equally to each district ($104.07 each)to reflect fixed costs per <br /> district. The remaining half is apportioned to each district based on <br /> the number of parcels in the district. A per parcel charge of$3.61 <br /> is included to reflect the variable costs. <br /> Please contact Brian Erickson at 266-2048 if you have any <br /> questions regarding'this bill. <br /> Sincerely, <br /> Brian Erickson, Accountant <br /> Tax Accounting <br /> Enclosure <br /> BE <br /> r <br />