Laserfiche WebLink
City of St.Anthony, Minnesota <br /> Tax Increment Financing District No. 3(Apache Plaza Project) <br /> • Summary-Reallocation of Parcel Valuation * <br /> Current District Remains in Place (assumes knockdown and decertification) <br /> ,$.qljrces and Uses Over Life of Issue <br /> Sources: <br /> G.O. Taxable Bond Issue "' $1,770,000 <br /> Available City TIF Funds 300,000 <br /> LGA/HACA Reimbursement from Developer 260,394 <br /> Partial P.V.Administrative Retainage 93,289 <br /> $2,423,683 <br /> Uses: <br /> Funds to Developer $1,800,000 <br /> COI, Discount, Cap. Int. 363,289 <br /> P.V. Loss of LGA/HACA 260,394 <br /> $2,423,683 <br /> Statistics: <br /> Annual Net Tax Increment Revenue $209,010 <br /> • Total City TIF Commitment- PS! $2,973,005 <br /> Capitalized Interest- 1 at Year Shortfall $81,600 <br /> Years of Tax Increment 16 Years <br /> .Certification Date of District 04/26/93 <br /> Financing of TIF Bonds 06/01/96 <br /> Decertification Date of TIF District 12/01/2012 <br /> Notes: <br /> The parcel values were provided by Public Resource Group. <br /> The valuation is subject to Ramsey County approval. <br /> Slight variations in value are likely to occur when the values are finalized by the County. <br /> •'" The bond size is variable and can be Increased or reduced at the time of sale. <br /> • <br /> Prepared by: Springsted Incorporated(04118196) <br />