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Page 2 <br /> The HRA estimates that the fiscal and economic implications of the proposed''amendments is <br /> that if tax increments derived from the Chandler Place Tax Increment Financing District are not applied <br /> to pay the additional expenditures authorized by the amendments,the Chandler Place Tax Increment <br /> Financing District will terminate earlier than would otherwise be the case based upon the annual amount <br /> of tax increment revenue presently being generated by the Chandler Place Tax Increment Financing <br /> District and commitments on expenditure of such tax increment revenue presently in existence. Upon <br /> the termination of the Chandler Place Tax Increment Financing District,the increased tax capacity of <br /> the Chandler Place Tax Increment Financing District will be available for taxation by the local <br /> governmental units, Ramsey County and Independent School District No. 282. However, if the <br /> amendment is approved such increase in tax capacity will not be available for taxation by the local <br /> government units until later than would otherwise be the case. Any increase in tax capacity resulting <br /> from the redevelopment of the Additional Property resulting from the application of tax increment <br /> revenue will not be captured by the Chandler Place Tax Increment Financing District since the <br /> Additional Property is not included in the Chandler Place Tax Increment Financing District,and <br /> therefore, will be available for taxation by local governmental units, including Ramsey County and <br /> Independent School District No. 282. <br /> The St. Anthony City Council will hold a public hearing on the amendments to the <br /> Redevelopment Plans and Tax Increment Financing Plan on January 8, 2002-at 7:00 p.m., in the City _ <br /> Council Chambers at the City Administrative Offices, 3301 Silver Lake Road in the City of St. <br /> Anthony. You are invited to be present at the scheduled public hearing and present your comments on <br /> the amendments. In addition,you are invited to meet with members and officers of the.HRA <br /> .concerning the amendments. <br /> Sincerely, <br /> Michaef Mornson <br /> Executive Director <br /> St. Anthony Housing and <br /> Redevelopment Authority <br />