Laserfiche WebLink
• TIF Update <br /> May 13, 1996 <br /> Page 2 <br /> Clark Station $39,000 No activity. <br /> $40;®:00 <br /> Lowry Grove $500,000 No activity. <br /> Bowling Alley $60,000 No money spent, however, an office <br /> $40 0 retail business has located there. <br /> St. Anthony Shopping Area $33;000 No activity. <br /> ,$507-0-0-0 <br /> Vacant <br /> Vacant lots on Silver Lake Road X000 No activity. <br /> $-X51000 <br /> Vacan lot by lndusttial Products $233,000 <br /> Money authorized to date-----------------° , <br /> "�- 000$3 48.5',000 <br /> ® - -�, p <br /> Money not authorized----------------------ar��vo �.,�-99 ;9.98 $2 53'8 000 <br /> Total---------------------------------$603;000 $6;023,'000 <br /> If we complete all the projects, the City would actually spend $7.4 million due to <br /> $1.3 million in interest on the CC bonds. The $3,485,000 funded the following <br /> projects: <br /> *Evergreen Townhomes <br /> *The Arbors Townhomes <br /> *American Monarch <br /> *CUB Foods <br /> *Community Center <br /> Once again the benefits of setting up TIF in this manner are: <br /> • No LGA loss <br /> • Will not have to issue bonds <br /> • Will not have to put property in the district <br /> • <br />