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DORSEY & WHITNEY LLP • County Auditor, Ramsey County School District Clerk December 22, 2000 Page 2 furnished to you on behalf of the HRA pursuant to Minnesota Statutes, Section 469.175, subdivision 4. The HRA estimates that the fiscal and economic implications of the proposed amendments is that if tax increments derived from the Chandler District are not applied to pay the additional expenditures authorized by the amendments, the Chandler District will terminate earlier than would otherwise be the case based upon the annual amount of tax increment revenue presently being generated by the Chandler District and commitments on expenditure of such tax increment revenue presently in existence. Upon the termination of the Chandler District, the increased tax capacity of the Districts will be available for taxation by the local governmental units, including Ramsey County and Independent School District No. 282. However, if the amendment is approved such increase in tax capacity will not be available for taxation by the local government units until later than would otherwise be the case. The St.-Anthony City Council will hold a public hearing on the amendments to . • the Redevelopment Plans and Tax Increment Financing on January 23, 2001 at 7:00 p.m., in the City Council Chambers at the City Administrative Offices, 3301 Silver Lake Road in the City of St. Anthony. You are invited to be present at the scheduled public hearing and present your comments on the amendments. In addition, you are invited to meet with members and officers of the HRA concerning the amendments. Any questions should be directed to Mr. Michael Morrison, the Executive Director of the HRA. Mr. Mornson's direct telephone number is (612) 706-1325. Sincere k, Jer me P. Gill n JPG/pmh Enclosure cc: Michael Morrison (w/encl)