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• Walbon: <br /> 1) The tax increment revenue the District will receive <br /> (Estimated at $41,400) will make the bond and interest <br /> ' payment of approximately $41,000.. <br /> 2) Further reductions in the class rates could decrease the tax <br /> increment revenue to less than the annual bond payment. <br /> ' 3) Debt ends 2/1/01. <br /> 4) District expires 2011. <br /> Chandler: <br /> 1) The tax increment revenue will decrease significantly in 1998. <br /> A. Estimated decrease ($90,000). <br /> 1 a. Class rate change <br /> b. Elderly housing rate <br /> 2) The annual tax increment revenue will not be sufficient to make <br /> tthe annual City Hall Bond Payment. <br /> 3) Kenzie Terrace serves as a backup and revenue from that District <br /> will be more than adequate to cover the bond payment or further <br /> class rate changes. <br /> A. This will prevent the Kenzie District from being de-certified. <br /> ' 4) Revenue should increase when the new addition is fully taxed. <br /> 5) Debt ends 2/1/10. <br /> 6) District expires 2010. <br /> ' Evergreen: <br /> 1) This is a pay-as-you go District. <br /> 2) Any revenue that the District receives is paid towards the Soil <br /> ' Correction Note. <br /> 3) Note will be paid off very near the end of the District's life. <br /> ' 4) District expires 2001. <br /> ' Hellickson Dental: <br /> 1) This is a pay-as-you go District. <br /> ' 2) Any revenue that the District receives is paid towards the Note. <br /> 3) Note will be paid off very near the end of the District's life. <br /> 4) District expires 2018. <br />