Laserfiche WebLink
14 <br /> TIF Update <br /> • June 5, 1996 <br /> Page 2 <br /> Clark Station $30,000 No activity. <br /> $40x� QOQ <br /> Lowry Grove $500,000 No activity. <br /> Bowling Alley $60,000 No money spent, however, an office <br /> r.40Q00 retail business has located there. <br /> St. Anthony Shopping Area $35,009 No activity. <br /> Ms0000 <br /> Vacant lots on Silver Lake Road $60,000 No activity. <br /> &775`50- <br /> —@0 <br /> ComIIiunity��Center sitew�ork �1¢Oa0�00(l <br /> Money authorized to date-----------------c"-^ 5,000 5;.000 <br /> • Money not authorized----------------------$1,375;000 -9999A !n <br /> Total---------------------------------$6,203,000 $ 6 1. 23 OOQ <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 />