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CC PACKET 03142006
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CC PACKET 03142006
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7/30/2015 11:44:12 AM
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5/7/2014 2:28:41 PM
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CHANDLER AREA TIF DISTRICT PLAN <br />(AS MODIFIED ON MARCH 14, 2006) <br />Duration of the District <br />Pursuant to M.S., Section 469.175, Subr. 1, and Section 469.176, Subs. 1, the duration of the District <br />roust be indicated within the TIF Plan. Pursuant to M.S., Section 469.176, Subs. 1h, the duration of the <br />District will be 25 years after receipt of the first increment by the HRA or City (a total of 26 years). <br />The date of receipt by the City of the first tax increment. WAS 1986. Thus, it. is estimated that the <br />District, including any modifications of the TIF Plan for subsequent phases or other changes, would <br />terminate after 2011, or when the TIF Plan is satisfied. The HRA or City reserves the right to <br />decertify the District prior to the legally required date. <br />Estimated Iact On Other Jurisdictions <br />The impact in tax dollars not collected by other jurisdictions is estimated based on assumptions of this plan. <br />These impact are as follows: <br />% Captured % <br />Total Assessed .Assessed Assessed This Captured <br />Jurisdiction Value Other Districts. This District District Total <br />Ramsey County $3,221,454,106 $79,697,398 <br />School District $87,4261588 $91494,401 <br />City $7455793800 $9,494,401 <br />$1,5793467 <br />.05% <br />2.52% <br />$1,579,467 <br />1.77% <br />12.44% <br />$1,579,467 <br />2.0% <br />14.54% <br />Percent of Tax Increment attributed to other jurisdictions and amount of captured tax not collected. <br />Jurisdiction Mill Rate Percent Tax Increment <br />Ramsey County 31.257 30.74% <br />$49,412 <br />School District 53.748 52.86 <br />$84,967 <br />City 11.359 11.17% <br />$17,957 <br />Other 5.318 .5.23% <br />$8,407 <br />Total .101.682100% <br />$160,742 <br />New taxes generated in the district will be approximately <br />$161,000 annually. These taxes will be available <br />to the taxing jurisdictions at the end of the tax increment financing duration. <br />Housing and Redevelopment Authority of St. Anthony Modification to the TIF Plan for the Chandler Place TIF District <br />10 <br />2 <br />
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