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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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City Council
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City Code Chapter Amendment
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Public Improvements $0 <br />Financing Costs <br />Issuance Costs <br />$25,000 <br />Capitalized Interest <br />$163,702 <br />3.00% Discount <br />J29,806 <br />Subtotal <br />$218,508 <br />Total Costs 111023,333. <br />Source Funds <br />Tax Increment $1;023,333 <br />Special Assessments/Other $0 <br />Land $0 <br />CDBG $0 <br />Total Source of Funds $1,023,333 <br />(AS MODIFIED ONM4RCHI4, 2006) <br />Sources of Revenue/Bonded Indebtedness <br />The HRA or City reserves the right to incur bonded indebtedness or other indebtedness as a result of <br />the TIF Plan. - As presently proposed, the project will be financed by a bond issue or an interfund loan. <br />Additional indebtedness may be required to finance other authorized activities. The total principal <br />amount of bonded indebtedness, including a general obligation (GO) TIF bond, or other indebtedness <br />related to the use of tag increment financing will not exceed $4,000,000 without a modification to the <br />TIF Plan pursuant to applicable statutory requirements. <br />SOURCES OF D.TOTAL <br />Tax Increment <br />$4,833,875 <br />Sales/Lease Proceeds <br />$319,250 <br />Loans/Advance Repayments <br />$600 000 <br />Interest Income <br />$5069875 <br />PROJECT REVENUES <br />$692605000 <br />Interfund Loans <br />$29000;400 <br />Bond Proceeds <br />$4,000,000 <br />Housing and Redevelopment Authority of St. Anthony Modification to the TIF Plan for the Chandler Place TIF District <br />12 <br />4 <br />
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