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City of St. Anthony, Minnes. �Il <br /> Apache 11 <br /> Apache Plaza II is a redevelopment district created in 1993 and <br /> expiring in 2019. <br /> Increments received are being utilized to make annual payments on <br /> a pay-as-you-go note with Hellickson Dental. Pay-as-you-go refers <br /> to a method of subsidy whereby the developer finances the <br /> improvements and takes on the risk and the City agrees to pay the <br /> developer as increments are received. Due to the projected <br /> reduction in increment it is estimated to take until the year 2007 to <br /> pay the full amount of the note, originally scheduled for payoff in <br /> 2005. <br /> dP SPRINGSTED Page 3 <br />