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CC PACKET 04061999
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CC PACKET 04061999
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4/19/2016 5:50:53 PM
Creation date
4/19/2016 5:50:50 PM
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SP Box #
37
SP Folder Name
CC PACKETS 1999
SP Name
CC PACKET 04061999
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• <br /> City of St. Anthem•.4, Minnesota EX40T A <br /> Summary of Existing Tax Increment Financing (TIF) Districts <br /> 1 2 3 4 5 6 <br /> City TIF# 1950 1952 58 7C 9G 1 H <br /> County TIF# 1950 1952 Hsg.#3 2 3 4 <br /> County Hennepin Hennepin Ramsey Ramsey Ramsey Ramsey <br /> School District# 282 282 282 282 282 282 <br /> Name/Description Kenzie Walbon Chandler Evergreen Apache Hellickson <br /> Dental <br /> Type of TIF District Housing Red. Housing Soils Cond. Red. Red. <br /> Date Certification Requested 6/28/82 7/9/85 10/10/85 10/2/89 4/26/93 4/26/93 <br /> Date Certified 9/28/82 8/19/85 10/23/85 6/8/90 10/18/93 10/18/93 <br /> 1 st Year Increment Collected 1983 1987 1986 1990 1997 1995 <br /> Last Year of District(Estimated) 2008 2011 2010 2009 2018 2018 <br /> Base Inflation Factor(if applicable) NA NA NA NA NA NA <br /> Current Tax Rate 133.770% 134.600% 140.929% 140.929% 140.929% 140.929% <br /> Frozen Tax Rate NA NA NA 109.393% 132.452% 132.452% <br /> Current Net Tax Capacity(a) 369,360 36,081 134,704 63,866 405,152 23,022 <br /> Less: Base Net Tax Capacity 36,633 4,509 29,292 858 307,130 3,176 <br /> Less: Fiscal Disparities 0 0 0 0 0 0 <br /> Equals: Retained Captured NTC 332,727 31,572 105,412 63,008 98,022 19,846 <br /> Times:Applicable Tax Rate(b) 133.770% 134.600% 140.929% 109.393% 132.452% 132.452% <br /> Equals:Tax Increment 445,089 42,496 148,556 68,926 129,832 26,286 <br /> Projected Tax Increment(c) 409,482 37,396 136,672 60,655 114,252 23,132 <br /> (a) The NTC values shown above are as assessed in 1997 for taxes payable in 1998. <br /> (b) Lessor of the current and frozen rate. <br /> (c) Tax increment is estimated for class rate changes effective payable 1999. <br /> Prepared by- Springsted Incorporated (11/23/98) <br />
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