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Uses of Funds <br /> In order to facilitate the redevelopment of the District, this TIF Plan authorizes the use of tax <br /> increment financing to pay for the cost of certain eligible expenses. The estimate of public costs and <br /> uses of funds associated with the District is outlined in the following table. <br /> (AS MODIFIED ONMARCH 14,2006) <br /> USES OF FUNDS TOTAL <br /> Land/Build ne Acauisition $982.500 <br /> Site Improvements/Preparation $867,500 <br /> Planning and Engineering $50,000 <br /> Environmental $700,000 <br /> Streets and Sidewalks $2,500,000 <br /> Interest $676,613 <br /> Administrative Costs(up to 10%) $483,387 <br /> PROJECT COSTS TOTAL $6,260,000 <br /> Interfund Loans $2,000,000 <br /> Bond Principal $4,000,000 <br /> The above budget is organized according to the Office of State Auditor(OSA)reporting forms. <br /> It is estimated that the cost of improvements, including administrative expenses which will be paid or <br /> financed with tax increments,will equal$12,260,000 as is presented in the budget above. <br /> Estimated costs associated with the District are subject to change among categories without a <br /> modification to this TIF Plan. The cost of all activities to be considered for tax increment financing <br /> will not exceed, without formal modification, the budget above pursuant to the applicable statutory <br /> requirements. Project costs may be spent on activities related to development or redevelopment <br /> outside of the District but within the boundaries of the Project, (including administrative costs,which <br /> are considered to be spent outside of the District) subject to the limitations as described in this TIF <br /> Plan. <br /> Housing and Redevelopment Authority of St.Anthony Modification to the TIF Plan for the Chandler Place TIF District 5 <br />