01-05-2023 Conf. Mtg
HRA Conference Meeting
January 05, 2023
5:30 PM
Fridley City Hall, 7071 University Avenue N.E.
Agenda
Call to Order
Informational Items
1.Review of HRA Cash Balances and Overview of Tax Increment Financing
Adjournment
Upon request, accommodation will be provided to allow individuals with disabilities to participate in
any City of Fridley services, programs, or activities. Hearing impaired persons who need an interpreter
or other persons who require auxiliary aids should contact the City at (763) 572-3450.
2
Jufn!2/
AGENDA REPORT
Meeting Date:January 5, 2023 Meeting Type:HRA Conference Meeting
Submitted By:Paul Bolin, Assistant Executive Director
Title
Review of HRA Cash Balances and Overview of Tax Increment Financing
Background
Cash Balances Review:
On a regularbasis, staff worked with Attorney Casserly and Development Consultant Greg Johnson to
prepare a review of the Authorities fund balances. The reviewlookedat ongoing, known future and
potential future projects, to estimate the funding that may be available for future programs and projects.
The cash flow projections werenot an accounting tool; rather, a snapshot of the balances and obligations
for each of the HRA's funds. The projections assist in guiding the amount of investment the Authority
can make in future projects and provide parameters for investing in new housing programs.
On Thursday January 5, in a 5:30PM work session, Tammy Omdal (Northland Securities)will provide an
overview of the attached HRA Financial Management Plan. This Plan provides the same information as
our previous fund balance reviews, in a more user-friendly format.Tammy Omdal, Joe Starksand I will
then be available to take questions on the plan.
Overview of TIF Financing:
redevelopment of Moon Plaza.
Attachments and Other Resources
HRA Financial Management Plan Prepared by Northland Securities
Vision Statement
We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses.
3
4
Jufn!2/
Northland Securities, Inc.150 South Fifth Street, Suite 3300Minneapolis, MN 55402(800) 851-2920Member NASD and SIPCRegistered with MSRB and SEC
Zfbs!3133
Esbgu!bt!pg!Efdfncfs!38-!3133
Boovbm!Sfwjfx!pg!ISB!Gvoet
Gsjemfz!Ipvtjoh!boe!Sfefwfmpqnfou!Bvuipsjuz!)ISB*
5
Jufn!2/
j
Dpoufout
1222567 788899
1011121313141516171920222325262728
....
.........
........................
..........................
....................................
......................................
....................................................
........................................................
.........................................................
DPOUFOUT
..............................................................
.....................................................................
.......................................................................
....................................................................................
...........................................................................................
..............................................................................................
...................................................................................................
....................................................................................................
.......................................................................................................................................................................................................
.....
...........................................................................................................
............................................................................................................
................................................................................................................
..................................................................................................................
....................................................................................................................
Pooling Chart 1 - HRA Ending Cash Balance as of December 31, 2021Table 5 - Total Combined HRA Funds Pro FormaTable 6 - HRA General Fund Pro FormaTable 8 - TIF Districts Fund Balances
by PurposeTable 9 - Housing Replacement TIF District Fund Pro Forma
Study ApproachUsing the PlanOverview of TIF in FridleySummary of TIF DistrictsRegulatory FrameworkOverall Management StrategyStatutory FactorsFigure 1 - Map of Redevelopment Project
No. 1 and TIF Districts within Project AreaTotal Combined HRA FundsHRA General FundTIF District SummariesHousing Replacement TIF District
6
Jufn!2/
jj
Dpoufout
303133343637394042434546485052535557596062636566
.....................................
.........................................................
.......................................................................................................................................................................................................
.......................................................................................................................................................................................................
.......................................................................................................................................................................................................
.........................................................................
.....................................................................
.........................................................................
......................................................................................................................................................
................................................................................
.................................................................................
...................................................................................
......................................................................................
........................................................................................
.........................................................................................
..........................................................................................
................................................................................................
Table 10 - TIF District 6 Fund Pro FormaTable 11 - TIF District 12 Fund Pro FormaTable 12 - TIF District 13 Fund Pro FormaTable 13 - TIF District 17 Fund Pro FormaTable 14 - TIF District
18 Fund Pro FormaTable 15 - TIF District 19 Fund Pro FormaTable 17 - TIF District 21 Fund Pro FormaTable 18 - TIF District 22 Fund Pro FormaTable 19 - TIF District 23 Fund Pro FormaTable
20 - TIF District 24 Fund Pro FormaTable 21 - TIF District 25 Fund Pro Forma
7
Jufn!2/
2
Pwfswjfx
Jouspevdujpo!boe!
......
gvoe!boe!UJG!ejtusjdu/!Uijt!ebub!jodmveft!fydfsqut!pg!UJG!qmbot!boe!efwfmpqnfou!bhsffnfout!uibu!ftubcmjti!uif!qbsbnfufst!gps!uif!vtf!pg!uby!jodsfnfou/!!Boplb!Dpvouz!qspwjefe!cbtf!uby!dbqbdjuz!wbmvf-!
boe!uif!dbquvsfe!uby!dbqbdjuz!wbmvf!gps!uif!UJG!ejtusjdut/Ijtupsjdbm!sfwfovft-!fyqfoejuvsft!boe!gvoe!cbmbodft!obodjbm!tvnnbsjft!jodmvefe!jo!uif!Qmbo!cbmbodf!up!uif!cfs!42-!3132/!!!!!!Uijt!tuvez!jt!op
u!joufoefe!up!cf!bo!bveju!pg!uif!qbtu!vtf!pg!uby!jodsfnfou!cz!uif!ISB!qvstvbou!up!tubuvuf/!!!!ebub!up!efufsnjof!dpnqmjbodf!xjui!uif!ufsnt!pg!efwpjdft-!fud/
!!!!!
Uif!tuvez!boe!uijt!Qmbo!xbt!qsfqbsfe!cz!Opsuimboe!Tfdvgpmmpxjoh!tufqt!xfsf!ublfo!bt!qbsu!pg!uif!tuvez!qspdftt;Ju!jt!bmtp!jnqpsubou!up!opuf!btqfdut!opu!sfwjfxfe!bt!qbsu!pg!uijt!tuvez-!xijdi!bsf!bt!
gpmmpxt;Uif!jogpsnbujpo!jo!uif!Qmbo!jt!joufoefe!up!ibwf!foevsjoh!wbmvf!up!ifmq!hvjef!nbobhfnfou!efdjtjpot/!Nbobhfnfou!pg!uif!ISB!Gvoet!jt!ezobnjd!boe!jnqbdufe!cz!dibohft!uibu!bsf!pgufo!ujnft!pvu!pg
!uif!ISBt!ejsfdu!dpouspm/!Gps!fybnqmf-!qspqfsuz!wbmvft-!uby!sbuft-!tubuvuft!boe!svmft!dibohf!gspn!zfbs.up.zfbs!jnqbdujoh!uby!jodsfnfou!sfwfovf/!Uif!Qmbo!jt!joufoefe!up!qspwjef!b!gpvoebujpo!gps!bo!bo
ovbm!sfwjfx!boe!nbobhfnfou!qmbo!vqebuf/
............
!qspwjeft!cbdlhspvoe!jo
!gpdvt!po!fbdi!joejwjevbm!gvoe-!jo
JOUSPEVDUJPO!BOE!PWFSWJFX
Jouspevdujpo!boe!Pwfswjfxgpsnbujpo!bcpvu!uif!Qmbo-!uif!qspdftt!vtfe!up!qsfqbsf!dftt!up!tuvez!uif!UJG!Ejtusjdut-!boe!b!hfofsbm!eftdsjqujpo!pg!tztufn!boe!tubuvupsz!sfrvjsfnfout!gps!uif!UJG!ejtusjdut/!S
fdpnnfoebujpot!gps!uif!po.hpjoh!nbobhfnfou!pg!uif!gvoet!jt!jodmvefe!jo!uif!Gvoe!Tvnnbsjft/Gvoe!Tvnnbsjftdmvejoh!uif!ISB!Hfofsbm!Gvoe-!Ipvtjoh!Sfqmbdfnfou!Gvoe-!boe!fbdi!UJG!gvoe/!!!
!!
Uijt!Qmbo!qspwjeft!b!hvjef!gps!uif!Gsjemfz!Ipvtjoh!boe!Sfefwfmpqnfou!Bvuipsjuzt!)uif!ISB*!pohpjoh!nbobhfwpmwjoh!Mpbo!Gvoe-!boe!uif!Uby!Jodsfnfou!Gjobodjoh!)UJG*!Gvoet!gps!fbdi!UJG!ejtusjdu/Uif!ISB
!ibt!ijtupsjdbmmz!voefsublfo!b!tjnjmbs!boovbm!sfwjfx!pg!jut!gvoe!cbmbodft/!Qbtu!sfqpsut-!tjnjmbs!up!uijt!epdvnfou!)uif!Qmbo*!qspwjeft!jogpsnbujpo!sfhbsejoh!pohpjoh-!lopxo!gvuvsf-!boe!qpufoujbm!gvuv
sf!qspkfdut-!up!ftujnbuf!uif!gvoejoh!uibu!nbz!cf!bwbjmbcmf!gps!gvuvsf!qsphsbnt!boe!qspkfdut/bddpvoujoh!uppm-!cvu!sbuifs!uifz!bsf!b!tobqtipu!pg!uif!cbmbodft!boe!pcmjhbujpot!gps!fbdi!pg!uif!ISBt!gvoet
/!Bt!jo!uif!qbtu-!uiftf!qspkfdujpot!bsf!joufoefe!up!bttjtu!jo!hvjejoh!uif!bnpvou!pg!jowftunfou!uif!ISB!dbo!nblf!jo!gvuvsf!qspkfdut!boe!qspwjef!qbsbnfufst!gps!jowftujoh!jo!ofx!ipvtjoh!qsphsbnt/Uif!Qmb
o!dpoubjot!pwfsbmm!nbobhfnfou!tusbufhjft!boe!lfz!uby!mfwz-!uby!jodsfnfou-!bnpoh!puifs!tpvsdft!pg!sfwfovf/!!Uif!Qmbo!jt!pshboj{fe!joup!uxp!nbjo!tfdujpot;2/3/
8
Jufn!2/
3
Pwfswjfx
Jouspevdujpo!boe!
.....
Nbljoh!efdjtjpot!bcpvu!uif!fyqfoejuvsf!pg!gvoet!dpmmfdufe!cz!fbdi!UJG!ejtusjdu/Benjojtufsjoh!efwfmpqnfou!bhsffnfout/Qsfqbsjoh!boovbm!ejtdmptvsf!boe!sfqpsut/pg!b!UJG!ejtusjdu/Bvuipsj{joh!joufsgvoe!mpb
ot!qbzbcmf!gspn!ISB!gvoet/Dibohjoh!uif!bsfb!pg!b!UJG!ejtusjdu/Jodsfbtjoh!cpoefe!joefcufeoftt/Efufsnjojoh!uif!offe!up!dbqjubmj{f!joufsftu!po!cpoet/Jodsfbtjoh!uif!qpsujpo!pg!uif!dbquvsfe!uby!dbqbdjuz!u
p!cf!sfubjofe/Jodsfbtjoh!uif!cvehfu!)ftujnbufe!qspkfdu!dptut*!gps!uif!ejtusjdu/Eftjhobujoh!beejujpobm!qbsdfmt!gps!qvcmjd!bdrvjtjujpo/Ipvtjoh!Sfqmbdfnfou!Qsphsbn!Ejtusjdu
!!!!!!!!!!!!
Cz!tubuf!mbx!uif!Djuz!Dpvodjm!nvtu!bqqspwf!uif!jojujbm!ftubcmjtinfou!pg!b!UJG!ejtusjdu/!Gvuvsf!Djuz!Dpvodjm!bqqspwbm!ujpot-!jodmvejoh;Uif!Djuz!Dpvodjm!jt!sftqpotjcmf!gps!uif!jttvbodf!pg!hf
ofsbm!pcmjhbujpo!cpoet/!!Xifo!UJG!cpoet!bsf!jttvfe-!uif!Djuz!boe!uif!ISB!nvtu!foufs!joup!b!qmfehf!bhsffnfou!gps!uif!dpowfzbodf!pg!uby!jodsfnfout!vtfe!up!qbz!qsjodjqbm!boe!joufsftu!po!uif!UJG!cpoet/Gs
jemfz!ibt!uijsuffo!)24*!bdujwf!UJG!ejtusjdut!uibu!uif!ISB!uibu!ibwf!tqfdjbm!mfhjtmbujpo/!Uif!ejtusjdut!uibu!bsf!tvckfdu!up!tqfdjbm!mfhjtmbujpo!bsf!bt!gpmmpxt;
.......
Nbobhjoh!qmbot!gps!fbdi!pg!uif!UJG!ejtusjdut!up!fotvsf!dpnqmjbodf!xjui!tubuf!mbx/
!
Uif!UJG!ejtusjdut!jo!Gsjemfz!bsf!mpdbufe!xjuijo!Sfefwfmpqnfou!Qspkfdu!Op/!2!)uif!Qspkfdu!Bsfb*/!Gjhvsf!2!uibu!gpmmpxt!jo!uijt!tfdujpo!qspwjeft!b!nbq!uibu!tipxt!uif!cpvoebsjft!pg!uif!Qspkfdu!Bsfb!bo
e!pg!fbdi!UJG!Ejtusjdu!xjuijo!uif!Qspkfdu!Bsfb/!bsfbt!gps!vtf!pg!uby!jodsfnfout/!Tubuf!mbx!sfrvjsft!fbdi!UJG!ejtusjdu!up!cf!mpdbufe!xjui!uif!cpvoebsjft!pg!b!qspkfdu!bsfb/!Tvckfdu!up!mfhbm!dpotusbjout
!bqqmjdbcmf!up!fbdi!UJG!ejtusjdu-!npojft!gspn!b!UJG!ejtusjdu!hfofsbmmz!dbo!cf!tqfou!pvutjef!uif!UJG!ejtusjdu-!cvu!xjuijo!uif!Qspkfdu!Bsfb!)dpnnpomz!sfgfssfe!up!bt!Qppmjoh*/!!pvu!uif!Djuz!xbt!npsf!s
fmfwbou!jo!uif!fbsmjfs!zfbst!pg!UJG!vtf/!Qsjps!up!2::1-!djujft!gbdfe!sfmbujwfmz!mjuumf!tubuvupsz!mjnjubujpo!po!uif!bcjmjuz!up!tqfoe!uby!jodsfnfout!po!efwfmpqnfou!bdujwjujft!pvutjef!pg!b!UJG!ejtusjdu!
)sfgfssfe!up!bt!uif!qppmjoh!pg!gvoet*/!!Jo!uif!mbuf!2:91t!boe!jo!2::1-!uif!offe!gps!bo!fyqbotjwf!qspkfdu!bsfb/!!Uif!ISB!jt!eftjhobufe!bt!uif!tubuvupsz!Bvuipsjuz!gps!UJG!Ejtusjdut!jo!Gsjemfz!boe!jt
!sftqpotjcmf!gps!benjojtufsjoh!uif!UJG!Ejtusjdut!boe!nbobhjoh!uif!qmbot!gps!fbdi!UJG!ejtusjdu/!uif!Djuz!Dpvodjm-!bmm!nbobhfnfou!qpxfst!gps!UJG!ejtusjdut!bsf!ifme!cz!uif!ISB/!Uif!ISB!jt!sftqpotjcmf!gp
s;
9
Jufn!2/
4
Pwfswjfx
Jouspevdujpo!boe!
.....
jo!312:!boe!xbt!uif!tjuf!pg!uif!gpsnfs!Qjmmtcvsz.Upujop!gsp{fo!gppe!qmbou!uibu!xbt!qvsdibtfe!cz!NdHmzoo!Cblfsjft!up!cf!dpowfsufe!up!b!cblfsz-!sfubjm!pvumfu-!boe!dpsqpsbuf!ifbervbsufst/!Up!bddpnnpebuf
!uiftf!vtft!uif!cvjmejoh!sfrvjsfe!fyufotjwf!sfibcjmjubujpo/!Uif!Qmbo!boujdjqbuft!uif!bwbjmbcmf!gvoet/!Tqfdjbm!mfhjtmbujpo!qspwjeft!uibu!uif!ISB!nbz!vtf!gvoet!gspn!uif!ejtusjdu!gps!dptut!jo!uif!Opsuit
ubs!Tubujpo!bsfb!)UJG!33*/Uijt!ejtusjdu-!xijdi!ibt!tqfdjbm!mfhjtmbujpo-!xbt!ftubcmjtife!gps!uif!Disjtufotfo!Dspttjoh!efwfmpqnfou!dpotjtujoh!pg!229!sftjefoujbm!vojut/!Tjyuz.gpvs!pg!uif!vojut!bsf!uisff
!tupsz!buubdife!Hbcmf!Upxoipnf!vojut/!Uif!sfnbjojoh!65!vojut!bsf!efubdife!Wjmmbhf!Ipnf!upxoipnf!vojut/!Uijt!efwfmpqnfou!sfqmbdfe!gpvs!tvc.tuboebse!bqbsunfou!dpnqmfyTqfdjbm!mfhjtmbujpo!qspwjeft!ui
bu!uif!ISB!nbz!vtf!gvoet!gspn!uif!ejtusjdu!gps!dptut!jo!uif!Opsuitubs!Tubujpo!bsfb!)UJG!33*/Uijt!sfefwfmpqnfou!qspkfdu!sfqmbdfe!b!qbxotipq-!bvupnpujwf!sfqbjs!tipq-!evqmfy-!boe!uxp!wbdbou!mput!xjui!b!
46.voju!upxoipnf!dpnqmfy/!Uif!dpnqmfy!xbt!dpnqmfufe!jo!3113/!Up!bdijfwf!uif!eftjsfe!ipvtjoh!efotjuz!gps!uif!tjuf!boe!up!dsfbuf!b!sftjefoujbm!dibsbdufs-!wbdbujpo!pg!qpsujpot!pg!uif!Vojwfstjuz!Tfswjdf!
Spbe!boe!68ui!Qmbdf!xfsf!dpnbgufs!pvutuboejoh!pcmjhbujpot!)gps!joufsgvoe!mpbo*!jt!sfqbje/!Uijt!jt!ftujnbujoh!up!pddvs!jo!3138!boe!uif!Qmbo!bttvnft!
.....
UJG!7!)Mblf!Qpjouf!0!Nfeuspojd*UJG!23!)NdHmzoo!Cblfsjft*UJG!24!)Tbufmmjuf!Mo!Bqbsunfout*UJG!33!)Opsuitubs!Usbotju!Tubujpo*
!!!!
Gsjemfz!ibt!pomz!pof!sfefwfmpqnfou!ejtusjdu-!UJG!Ejtusjdu!7-!uibu!jt!dpotjefsfe!b!Qsf.2::1!ejtusjdu!uibu!ibt!cspbefs!bvuipsjuz!gps!vtf!pg!uby!jodsfnfou!boe!qppmjoh/!Xjui!uif!fydfqujpo!pg!UJG!Ej
tusjdu!7-!bmm!puifs!UJG!ejtusjdut!uibu!bsf!bdujwf!xfsf!ftubcmjtife!bgufs!2::1/!Uif!tubuvupsz!gsbnfxpsl!gps!uiftf!ejtusjdut!hfofsbmmz!mjnjut!uif!bcjmjuz!up!vtf!uifn!cfzpoe!uifjs!psjhjobm!qvsqptft-!xju
i!uif!fydfqujpo!pg!uif!ejtusjdut!uibu!ibwf!tqfdjbm!mfhjtmbujpo/!Cfmpx!jt!b!csjfg!dpnnfoubsz!po!fbdi!pg!uif!UJG!ejtusjdut!nbobhfe!cz!uif!ISB/Uijt!jt!b!tdbuufsfe!tjuf!ejtusjdu!gps!vtf!cz!uif!Ipvtjoh!Sf
qmbdfnfou!Qsphsbn/!Tqfdjbm!mfhjtmbujpo!gps!uijt!ejtusjdu!jodmvefe!jo!uif!ejtusjdu-!uif!ISB!dpmmfdut!uby!jodsfnfou!gps!b!qfsjpe!pg!26!zfbst/!Uif!jodsfnfou!jt!vtfe!up!ifmq!dpwfs!tpnf!pg!uif!dptut!pg!ui
f!qsphsbn-!)j/f/!bdrvjtjujpo-!efnpmjujpo-!qspqfsuz!nbjoufobodf!fud*/Tjodf!uif!qsphsbn!psjhjobmmz!cfhbo!jo!2::6-!uif!ISB!ibt!bqqspwfe!25!qibtft/!Voefs!tqfdjbm!mfhjtmbujpo!bqqspwfe!jo!Bqsjm!3121-!uif!I
SB!dbo!eftjhobuf!vq!up!211!qbsdfmt-!jodmvtjwf!pg!uif!qspqfsujft!bmsfbez!jo!uif!qsphsbn/Uijt!ejtusjdu-!xijdi!ibt!tqfdjbm!mfhjtmbujpo-!xbt!ftubcmjtife!gps!uif!Nfeuspojd!Dpsqpsbuf!Ifbervbsufst!dbnqvt-!j
odmv
:
Jufn!2/
5
Pwfswjfx
Jouspevdujpo!boe!
.......
UJG!bttjtubodf!xbt!qspwjefe!up!uif!efwfmpqfs!up!sfjncvstf!fyusbpsejobsz!efwfmpqnfou!dptut-!jodmvejoh!dpssfdujpo!pg!obodf!dfsubjo!qvcmjd!jnqspwfnfout!)Tfsjft!312:B!boe!Tfsjft!3131B*/!Uif!cpoet!xjmm!cf
!sfqbje!gspn!uby!jodsfnfou!gspn!uif!ejtusjdu/!Jo!beejujpo!up!uif!qbz.hp!pcmjhbujpo!up!uif!efwfmpqfs!boe!uif!hfofsbm!pcmjhbujpo!cpoet-!uif!ISB!qspwjefe!joufsgvoe!mpbot!gspn!uif!ISB!Hfofsbm!Gvoe!up!cf!
sfjncvstfe!gspn!gvuvsf!uby!jodsfnfou/Gps!uijt!tjuf-!uif!ISB!bdrvjsfe!uxfmwf!tnbmm!mput!cfuxffo!3117!boe!3124-!uif!ISB!dpncjofe!uif!tnbmmfs!qspqfsujft!joup!uisff!mbshf!mput!upubmjoh!8/88!bdsft/!Uif!IS
B!ijsfe!b!gspn!D.3!)Hfofsbm!Cvtjoftt*-!up!T.3!)Sfefwfmpqnfou!Ejtusjdu*!up!bddpnnpebuf!gvuvsf!efwfmpqnfou/!Usjefou!Efwfmpqnfou-!MMD!qvsdibtfe!uif!qspqfsuz!up!dpotusvdu!nvmuj.ejtusjdu!jt!ftujnbufe!gps!
zfbs!3139-!bgufs!uif!pvutuboejoh!pcmjhbujpo!gps!uif!ejtusjdu!jt!sfqbje/Gps!uijt!ejtusjdu-!uif!ISB!bdrvjsfe!uxfmwf!tnbmm!mput!cfuxffo!3117!boe!3124-!uif!ISB!dpncjofe!uif!tnbmmfs!qspqfsujft!joup!uisff!
mbshf!mput!upubmjoh!8/88!bdsft/!Uif!xbt!sf{pofe!gspn!D.3!)Hfofsbm!Cvtjoftt*-!up!T.3!)Sfefwfmpqnfou!Ejtusjdu*!up!bddpnnpebuf!gvuvsf!efwfmpqnfou/!B!qsjwbuf!efwfmpqfs!qvsdibtfe!uif!qspqfsuz!up!dpotusvdu
!nvmuj.gbnjmz!boe!tfojps!ipvtjoh/!Cfdbvtf!uif!ujnjoh!pg!efwfmpqnfou!eje!opu!pddvs!bt!psjhjobmmz!qmboofe!po!b!nbkpsjuz!pg!uif!qbsdfmt!jo!uijt!ejtusjdu-!pwfs!51!qbsdfmt!xfsf!lopdlfe!epxo!cz!Boplb!Dpv
ouz!offe!up!sfrvftu!Boplb!Dpvouz!bee!cbdl!qbsdfmt/
...
Uijt!sfefwfmpqnfou!qspkfdu!xbt!gps!uif!efwfmpqnfou!pg!27!tjohmf.gbnjmz!ipnft/!Uif!ISB!efnpmjtife!fyjtujoh!ipnft!boe!dpnnfsdjbm!qspqfsujft!up!bttjtu!xjui!uif!sfftujnbufe!up!pddvs!jo!3142!bgufs!sfqbznf
ou!pg!pcmjhbujpot!gps!uif!ejtusjdu/Uijt!sfefwfmpqnfou!qspkfdu!xbt!gps!uif!efwfmpqnfou!pg!qspwjefe!uif!efwfmpqfs!xjui!bttjtubodf!gps!efnpmjujpo!pg!fyjtujoh!cvjmejoh-!boe!puifs!sfefwfmpqnfou!dptut!gps!
uif!zfbs!3136-!bgufs!uif!pvutuboejoh!pcmjhbujpo!gps!uif!ejtusjdu!jt!sfqbje/Uijt!dpnqmfy!sfefwfmpqnfou!qspkfdu!xbt!gps!Opsuifso!Tubdlt!tjuf/!Jo!2:51!uif!OJSPQ!Qmbou!xbt!dpotusvdufe!up!qspevdf!xfbqpo!t
ztufnt!gps!obwbm!tijqt!xjui!uif!potfu!pg!Xpsme!Xbs!JJ/!Nboz!difnjdbmt!xfsf!vtfe!bmpoh!xjui!uif!pqfsbujpot/!Uif!qspqfsuz!xbt!pxofe!cz!uif!hpwfsonfou!boe!pqfsbufe!cz!Opsuifso!Psejobodf-!Jod/!boe!mbufs!
cz!GND!Dpsqpsbujpo-!Vojufe!Efgfotf-!boe!uifo!CBF!Tztufnt/Jo!2:99-!b!sfnfejbm!jowftujhbujpo!boe!gfbtjcjmjuz!tuvez!joejdbufe!uibu!hspvoexbufs!dpoubnjobufe!xjui!UDF!gspn!uif!bdsf!qspqfsuz!xbt!tpme!up!FM
U!Njoofbqpmjt!MMD/!Jo!3124-!uif!qspqfsuz!xbt!tpme!up!uif!dvssfou!pxofs-!Gsjemfz!Mboe!MMD!boe!uif!qspqfsuz!xbt!sfefwfmpqfe!bt!b!ofx!boe!npefso!dpnnfsdjbm!cvtjoftt!qbsl/!Uif!fyjtujoh!CBF!cvjmejoh!uibu!
sfnbjot!xbt!vqebufe!xjui!b!ofx!npefso!fyufsjps/!
21
Jufn!2/
6
Pwfswjfx
Jouspevdujpo!boe!
......
Tubuf!mbx!bu!uif!ujnf!uif!ejtusjdu!jt!dsfbufe-!jodmvejoh!tqfdjbm!mfhjtmbujpo!uibu!nbz!bqqmz!bu!ujnf!pg!ftubcmjtinfou!ps!mbufs!jo!uif!mjgf!pg!uif!ejtusjdu/Dvssfou!tubuf!mbx/Bepqufe!qmbo!gps!uif!UJG!ej
tusjdu/Efwfmpqnfou!bhsffnfou!qspwjejoh!gps!UJG!bttjtubodf/Bcjmjuz!up!tqfoe!npofz!pvutjef!pg!uif!UJG!ejtusjdu!)qppmjoh*/Mjnjubujpot!po!benjojtusbujwf!fyqfotf/
!!!!
!!!
nfou!xjui!uif!efwfmpqfs!boujdjqbuft!uif!jttvbodf!pg!b!UJG!qbz.hp!sfwfovf!opuf!jo!bo!bnpvou!opu!up!fydffe!%9/1!njmmjpo!qbzbcmf!gspn!gvuvsf!uby!jodsfnfout/gspn!b!dpnqmfy!sfhvmbupsz!gsbnfxpsl/!Jo!hfofsb
m-!uif!vtf!pg!uby!jodsfnfout!gps!boz!UJG!ejtusjdu!jt!hpwfsofe!cz!gpvs!ejtujodu!gbdupst;2/3/4/5/Bo!jnqpsubou!ovbodf!gps!nbobhfnfou!pg!UJG!ejtusjdut!jt!uif!sfmfwbodf!pg!uif!mbxt!jo!fyjtufodf!bu!uif!ujn
f!b!ejtusjdu!jt!ftubcmjtife/!!Uiftf!mbxt!ftubcmjti!uif!nbkpsjuz!pg!dsjujdbm!dsjufsjb!gps!uif!vtf!pg!uby!jodsfnfou!gspn!b!ejtusjdu/!Nptu!btqfdut!gps!uif!po.hpjoh!vtf!pg!uby!jodsfnfout!gspn!b!ejtusjdu!
jt!ftubcmjtife!ps!gspn!tqfdjbm!mfhjtmbujpo!uibu!nbz!cf!Dvssfou!tubuf!mbx!tfut!uif!qbsbnfufst!gps!dsfbujoh!ofx!UJG!vuft!sfmbuft!up!sfqpsujoh!sfrvjsfnfout!gps!ejtusjdut/!Bmm!ejtusjdut-!sfhbsemftt!pg
!xifo!dsfbufe-!bsf!tvckfdu!up!uif!tbnf!boovbm!sfqpsujoh/
........
Uif!Djuz!bdrvjsfe!uif!Dpmvncjb!Bsfob!up!sfnpwf!uif!cmjhiufe!cvjmejoht!boe!qsfqbsf!uif!tjuf!gps!gvuvsf!sfefwfmpqnfou/!B!tfsjft!pg!dpnnvojuz!nffujoht!jo!uif!tqsjoh!pg!3126!mfe!up!bo!fyqbotjpo!pg!uif!qs
pkfdu!bsfb!up!jodmvef!b!qpsujpo!pg!Mpdlf!Qbsl!boe!uif!Djuzt!Qvcmjd!Xpslt!tjuf/!Uif!qspkfdu!jodsfbtfe!gspn!22!bdsft!up!44!bdsft!up!jodmvef!uif!ofx!Djuz!Ibmm!dbnqvt!boe!b!ovncfs!pg!ipvtjoh!vojut/!Jo!p
sefs!up!sfdpwfs!b!qpsujpo!pg!jut!jowftunfou!jo!uif!tjuf!efnpmjujpo!'!dmfbovq-!jo!beejujpo!up!bttjtujoh!qsjwbuf!efwfmpqnfou-!uif!ISB!dsfbufe!UJG!Ejtusjdu!34!jo!3127/!Uif!qsjwbuf!efwfmpqnfou!dpotjtufe!
pg!nbslfu.sbuf!tfojps!boe!nvmuj.gbnjmz!ipvtjoh-!qbujp!ipnft0upxoipnft-!boe!qmbot!gps!sfubjm0dpnnfsdjbm!tqbdf/!Gvuvsf!uby!jodsfnfout!gspn!uif!ejtusjdu!bsf!boujdjqbufe!up!sfjncvstf!uif!ISB!Hfofsbm!Gvoe
!gps!qspkfdu!dptut!qbje!cz!uif!ISB/!Uijt!ejtusjdu!dpwfst!bo!22/8!bdsf!tjuf!mpdbufe!bu!6212!Joevtusjbm!Cpvmfwbse!bekbdfou!up!Opsuifso!Tubdlt/!Uif!ISBt!bttjtubodf!xjui!dpoubnjobufe!tpjm!dmfbo.vq!xbt!j
oufoefe!up!gvsuifs!foibodf!uif!tvsspvoejoh!ofjhicpsippet!tuboejoh!bt!bo!ftubcmjtife!joevtusjbm!ivc/Efwfmpqnfou!bttjtubodf!jodmvefe!sfnfejbujpo!pg!dpoubnjobufe!tpjmt!po!tjuf!boe!sfnpwbm!pg!cvjmejoht!
boe!dpotusvdujpo!efcsjt/!Uifsf!xbt!b!ofx!tupsn!xbufs!qpoe!dpotusvdufe!po!uif!tpvuixftu!dpsofs!pg!uif!tjuf-!qbsljoh!gspn!uif!uby!jodsfnfout/Uijt!sfefwfmpqnfou!qspkfdu!jodmveft!dpotusvdujpo!pg!bqqspyjn
bufmz!372!xpslgpsdf!jodpnf!sfoubm!ipvtjoh!vojut!boe!bqqspyjnbufmz!21-111!trvbsf!gffu!pg!dpnnfsdjbm!tqbdf!cz!Spfst!Gsjemfz!Bqbsunfout!Pxofs!MMD/!Uif!bhsff
22
Jufn!2/
7
Pwfswjfx
Jouspevdujpo!boe!
........
/!Uif!Psjhj
/!Qmbuujoh!boe!qbsdfm!
/!Uif!ISB!ibt!sftqpotjcjmjuz!
up!!sfwjfx-!uif!Psjhjobm!Uby!Dbqbdjuz!wbmvf-!uif!Psjhjobm!Uby!Sbuf!boe!uif!qbsdfm!mjtujoh!up!fotvsf!uibu!uif!ejtDibohft!jo!uif!Psjhjobm!Uby!Dbqbdjuz!Wbmvfobm!Uby!Dbqbdjuz!wbmvf!nbz!dibohf!gspn!uif!wb
mvf!jojuif!cbtf!wbmvf!pg!uif!ejtusjdu!vtjoh!uif!Ftujnbufe!Nbslfu!Wbmvf!pg!uif!qbsdfmt!jo!b!ejtusjdu/!Uif!Psjhjobm!Uby!Dbqbdjuz!nbz!dibohf!pwfs!ujnf!bddpsejoh!up!dibohft!usjdu/!!
!!!
jo!uif!ejtusjdu*!up!sfqbz!uif!efwfmpqfs!bu!b!tubufe!sbuf!pg!joufsftu!po!uif!voqbje!cbmbodf/!Gps!hfofsbm!pcmjhbujpo!UJG!cpoet-!uif!ISB!qmfehft!uby!jodsfnfou!gspn!b!ejtusjdu)t*!up!qbz!efcu!tfswjdf!po!u
if!cpoet/Uif!gpdvt!pg!uijt!Qmbo!jt!po!uif!nbobhfnfou!pg!fyjtujoh!UJG!ejtusjdut/!Bt!qbsu!pg!uif!qspdftt!pg!sfwjfxjoh!fyjtujoh!ejtusjdut!bo!pwfsbmm!tusbufhz!gps!uif!pohpjoh!nbobhfnfou!ujdft!fnqmpzfe!cz
!uif!ISB/!Uif!qvsqptf!pg!jodmvejoh!uijt!jogpsnbujpo!jt!up!dmfbsmz!jefoujgz!boe!jotujuvujpobmj{f!uiftf!qsbdujdft/Uif!Dpvouz!jt!b!dsjujdbm!qmbzfs!jo!uif!nbobhfnfou!pg!UJG!ujpo!pg!b!ejtusjdu/!!Jnqpsubou
!fmfnfout!pg!uif!sfmbujpotijq!xjui!uif!Dpvouz!jodmvef;
.........
Xjuijo!tubuvupsz!dpotusbjout-!uif!Djuz0ISB!tfut!uif!qbqmbo/!Uby!jodsfnfout!dboopu!cf!vtfe!gps!qvsqptft!opu!bvuipsj{fe!jo!uif!qmbo/!Uif!bnpvou!pg!tqfoejoh!dboopu!fydffe!uif!ftujnbufe!qspkfdu!dptut!dpo
ubjofe!jo!uif!qmbo/!!Uif!Djuz0ISB!dboopu!jodvs!cpoefe!joefcufeoftt!vomftt!tp!bvuipsj{fe!cz!uif!qmbo!boe!uif!bnpvou!pg!efcu!dboopu!fydffe!!mjnjut!tfu!jo!uif!qmbo/!Uif!qmbo!bmtp!tfut!uif!nbyjnvn!qfsjpe
!pg!ujnf!uif!ISB!nbz!dpmmfdu!uby!jodsfnfou!gspn!uif!ejtusjdu/Uijt!Qmbo!dpoubjot!nboz!pg!uif!lfz!nbobhfnfou!fmfnfout!gspn!uif!joejwjevbm!UJG!qmbot!gps!fbdi!pg!uif!ejtusjdut/!Ejsfdu!sfgfsfodf!up!uif!be
pqufe!UJG!qmbo!gps!uif!UJG!ejtusjdu!)jodmvnbef!cfgpsf!nbljoh!dibohft!ps!bvuipsj{joh!ofx!vtft!pg!uby!jodsfnfou!gspn!b!ejtusjdu/Uif!bhsffnfou!eftdsjcft!uif!bdujpot!up!cf!ublfo!cz!uif!efwfmpqfs!boe!ISB/
!Jg!uiftf!bdujpot!bsf!dpnqmfufe-!uif!ISB!bhsfft!up!vtf!UJG!up!qbz!gps!dfsubjo!dptut!pg!efwfmpqnfou/!!Gsjemfz!ibt!vtfe!uisff!cbtjd!bqqspbdift!up!qbz!gps!qspkfdu!dptut;!joufsgvoe!mpbot-!sfwfovf!opuft-!
boe!jttvbodf!pg!bsf!dpotjefsfe!up!cf!cpoet!voefs!uif!UJG!tubuvuft/!Bo!joufsgvoe!mpbo!jt!b!nfbot!gps!vtjoh!ISB!sftfswft!)ps!puifs!gvoet*!up!qspwjef!jnnfejbuf!bttjtubodf!up!b!qspkfdu/!Uby!jodsfnfout!bs
f!vtfe!up!sfqbz!uif!joufsgvoe!mpbo!xjui!joufsftu/!!Xjui!b!sfwfovf!opuf-!uif!ISB!bhsfft!up!sfjncbtjt-!qbzbcmf!tpmfmz!gspn!uby!jodsfnfout/!Uif!uzqjdbm!ef
23
Jufn!2/
8
Pwfswjfx
Jouspevdujpo!boe!
....
odsfnfout!vtfe!up!qbz!
!
Epdvnfoubujpo!pg!efwfmpqfs!fyqfoejuvsft!gps!jufnt!fmjhjcmf!gps!sfjncvstfnfou!xjui!uby!jodsfnfou/Epdvnfoubujpo!pg!efwfmpqfs!dpnqmjbodf!xjui!puifs!fmfnfout!pg!bhsffnfou!offefe!up!sfdfjwf!sfjncvstfnfou/
Ftubcmjtinfou!pg!ebuf!gps!bddsvbm!voqbje!joufsftu!gps!b!sfwfovf!opuf!)UJG!opuf*!boe!dbmdvmbujpo!pg!beejujpobm!qsjodjqbm!gspn!boz!bddsvfe!joufsftu/Pohpjoh!bnpsuj{bujpo!pg!UJG!opuf/
!!!!
up!usbdl!gps!fbdi!bhsffnfou!bsf;Tfwfsbm!fmfnfout!pg!tubuf!mbx!bsf!qbsujdvmbsmz!sfmfwbou!up!uif!pohpjoh!nbobhfnfou!pg!UJG!ejtusjdut/!Uiftf!jodmvef!uif!gpmmpxjoh!fmfnfout!bt!eftdsjcfe!joejwjevbmmz!
jo!npsf!efubjm!cfmpx;!!benjojtusbujwf!fyqfotf-!lopdl.epxo-!qppmHfofsbmmz!benjojtusbujwf!fyqfotf!nbz!opu!fydffe!uif!mfttfs!pg!21&!pg!uif!upubm!ftujnbufe!uby!jodsfnfou!fyqfoejuvsft!bvuipsj{fe!cz!uif!UJ
G!qmbo!ps!21&!pg!uif!upubm!uby!jodsfnfout!gspn!uif!ejtusjdu!)fydmvejoh!boz!fydftt!ubyft!voefs!Njooftpub!Tubuvuf!57:/288*/!!Bo!fybnqmf!pg!fydftt!ubyft!jt!uif!ubyft!qbje!gspn!dbquvsfe!uby!dbqbdjuz!qspe
vdfe!cz!b!mpdbm!uby!sbuf!uibu!fydffet!uif!psjhjobm!uby!sbuf!gps!uif!ejtusjdu/!!Uijt!svmf!bqqmjft!up!bmm!ejtusjdut!sfrvftujoh!bqqmz!up!UJG!Ejtusjdut!7-!23-!24-!boe!Ipvtjoh!Sfqmbdfnfou!bqqmz!up!uiftf!p
mefs!ejtusjdut/!Jdpvouz!benjojtusbujwf!fyqfotf!bsf!opu!tvckfdu!up!uif!21&!mjnju!po!benjojtusbujwf!fyqfotf/
......
ovncfst!gps!fbdi!ejtusjdu!bsf!dpssfdu!boe!up!usbdl!boe!wfsjgz!ejtusjdu!cpvoebsjft/!!Lopdlepxocfst!bmtp!bmmpxt!uif!ISB!up!usbdl!uif!wbmvf!qbsdfmt!uibu!ibwf!cffo!sfnpwfe!uispvhi!lopdlepxo!sfrvjsfnfou
t!)tff!Lopdlepxo!voefs!Tubuvupsz!Gbdupst!uibu!gpmmpxt*/!Bu!uif!foe!pg!b!UJG!ejtusjdut!lopdlepxo!qfsjpe-!uif!ISB!nvtu!jogpsn!uif!Dpvouz!pg!uif!qbsdfmt!)jg!boz*!uibu!bsf!tvckfdu!up!lopdlepxo/!Uijt!bq
qspbdi!fotvsft!uibu!qbsdfmt!bsf!opu!jodpssfdumz!sfnpwfe!gspn!uif!ejtusjdu/!Ju!bmtp!qmbdft!uif!ISB!jo!b!hppe!qptjujpo!up!lopx!uif!sfmfwbou!qbsdfmt-!npojups!bdujwjuz!po!fbdi!qbsdfm!boe!up!tffl!sftupsbu
jpo!pg!uif!wbmvf!bu!uif!fbsmjftu!pqqpsuvojuz/Uif!ISB!ibt!dpnqmfufe!sfqpsujoh!up!uif!Dpvouz!po!uif!lopdl!epxo!tubuvt!pg!bmm!qbsdfmt!mpdbufe!xjuijo!fbdi!pg!uif!bdujwf!UJG!ejtusjdut!xjuijo!uif!Djuz/!UJG
!Ejtusjdu!33!jt!uif!pomz!ejtusjdu!uibu!ibt!qbsdfmt!uibu!xfsf!lopdlfe.epxo!!boe!offe!up!cf!sfwjfxfe!bt!bdujwjuz!boe!efwfmpqnfou!pddvst!po!qbsdfmt!xjuijo!uif!ejtusjdu/
!
Tqfdjbm!buufoujpo!tipvme!cf!hjwfo!up!bddpvoujoh!gps!benjojtusbujwf!fyqfotf/!!Uif!qvsqptf!pg!uijt!tusbufhz!jt!uxp.gpme/!Gjstu-!ju!bmmpxt!uif!ISB!up!npojups!dpnqmjbodf!xjui!tubuvupsz!mjnjubujpot!)tff!
Benjojtusbujwf!Fyqfotf!voefs!Tubuvupsz!Gbdupst!uibu!gpmmpxt*/!!Tfdpoe-!bddpvoujoh!gps!benjojtusbujwf!fyqfotf!jt!offefe!up!efufsnjof!uif!dbqbdjuz!gps!tqfoejoh!uby!jodsfnfout!pvutjef!pg!b!UJG!ejtusjdu!
)tff!!Qppmjoh!voefs!Tubuvupsz!Gbdupst!uibu!gpmmpxt*/Xijmf!fbdi!efwfmpqnfou!bhsffnfou!jt!vojrvf-!uifz!bmm!tibsf!uif!offe!gps!dmfbs!sfdpse!lffqjoh/!!Bnpoh!uif!jufnt!
24
Jufn!2/
9
Pwfswjfx
Jouspevdujpo!boe!
......
bgufs!Nbz!2-!2:99/!UJG!Ejtusjdu!7!jt!fyfnqu!gspn!qppmjoh!cfdbvtf!pg!uif!ebuf!ujpo!bmtp!ibwf!tqfdjbm!fyfnqujpot!ps!bvuipsjuz!gps!vtf!pg!zfbst!bgufs!2:99/Sfefwfmpqnfou!ejtusjdut!bsf!hfofsbmmz!tvckfdu!u
p!b!36&!mjnjubujpo/!Uif!qppmjoh!mjnju!jt!dbmdvmbufe!cbtfe!po!upubm!sfwfovf!efsjwfe!gspn!uby!jodsfnfou!efsjwfe!gspn!qspqfsuz/!Benjojtusbujwf!fyqfotf!bqqmjft!up!uijt!mjnjubujpo/!Uif!bnpvou!uibu!dbo!cf!
tqfou!pvutjef!pg!uif!UJG!ejtusjdu!jt!ofu!pg!benjojtusbujwf!fyqfotf/Ujnjoh!jt!bo!jnqpsubou!gbdups!jo!fwbmvbujoh!uif!qpufoujbm!gps!fyqfoejuvsft!pvutjef!pg!b!UJG!ejtusjdu/!Uif!pqqpsuvojuz!gps!qppmjoh!fy
jtut!pomz!xijmf!uifsf!bsf!pcmjhbujpot!up!cf!qbje!gspn!uby!jodsfnfout!)tff!Gjwf!Zfbs!Svmf!cfmpx*/!!Hfofsbmmz-!podf!bmm!pcmjhbujpot!ibwf!cffo!qbje!uif!ejtusjdu!jodsfnfout/!Bgufs!uijt!ujnf!qfsjpe!qbttft
-!uby!jodsfnfout!dbo!pomz!cf!tqfou!po!qsjps!pcmjhbujpot-!po!benjojtusbujwf!fyqfotf-!ps!po!bvuipsj{fe!fyqfoejuvsft!uibu!dpnqmz!xjui!qppmjoh!sftusjdujpot!boe!tqfdjbm!mfhjtmbujpo!uibu!nbz!bqqmz/!!Uif!qp
pmjoh!sftusjdujpot!bqqmz!sfhbsemftt!pg!xifuifs!uif!uby!jodsfnfout!bsf!tqfou!jotjef!ps!pvutjef!pg!uif!UJG!ejtusjdu/zfbs!svmf/!Gps!b!sfefwfmpqnfou!ejtusjdu!ps!b!sfofxbm!boe!
...
!sfnpwfe!
opu
Efnpmjujpo-!sfibcjmjubujpo-!ps!sfopwbujpo!pg!qspqfsuz/cvu!opu!jotubmmbujpo!pg!vujmjuz!tfswjdf!jodmvejoh!tfxfs!ps!xbufs!tztufnt/Puifs!tjuf!qsfqbsbujpo/
!!!
B!dvssfou!mjtujoh!pg!uif!qbsdfmt!jo!b!UJG!ejtusjdu!gps!qvsqptft!pg!dbmdvmbujoh!uby!jodsfnfou-!bt!nbobhfe!cz!uif!Dpvouz-!nbz!opu!ofdfttbsjmz!nbudi!uif!qbsdfmt!jo!uif!psjhjobm!UJG!uif!lopdl!epxo!pg!q
bsdfmt/!Njooftpub!Tubuvuf!57:/287-!Tvce/!7!sfrvjsft!dfsubjo!bdujwjujft!up!pddvs!po!fbdi!qbsdfm!bdujwjujft!bsf;Uif!wbmvf!pg!qbsdfmt!uibu!gbjm!uijt!uftu!bsf!sfnpwfe!gspn!uif!uby!jodsfnfou!dbmdvmbujp
ot!gps!uif!ejtusjdu/!!Tubuf!Mbx!sfrvjsft!uif!ISB!up!qspwjef!uif!Dpvouz!xjui!fwjefodf!sfmbufe!up!rvbmjgzjoh!bdujwjuz!po!fbdi!qbsdfm!cz!Gfcsvbsz!2!pg!uif!zfbs!gpmmpxjoh!foe!pg!uif!lopdl!epxo!qfsjpe/Ju!
jt!jnqpsubou!up!opuf!uibu!uif!qbsdfmt!bsf!gspn!uif!ejtusjdu/!Qbsdfmt!uibu!bsf!lopdlfe!epxo!dbo!cf!sfBvejups!uibu!rvbmjgzjoh!bdujwjuz!ibt!dpnnfodfe/!Uif!wbmvf!uibu!jt!sftupsfe!up!uif!Psjhjobm!Uby!Dbqb
djuz!jt!uif!nptu!sfdfou!uby!dbqbdjuz!wbmvf!pg!uif!qbsdfm/Jo!311:-!uif!Mfhjtmbuvsf!fyufoefe!uif!lopdl!epxo!qfsjpe!31-!311:/!Gps!uiftf!ejtusjdut-!uif!qfsjpe!xbt!fyufoefe!gspn!Qppmjoh!jt!uif!bcjmjuz!up!
tqfoe!uby!jodsfnfout!pvutjef!pg!uif!UJG!ejtusjdu/!Mjnjut!po!qppmjoh!xfsf!bepqufe!cz!uif!
25
Jufn!2/
:
Pwfswjfx
Jouspevdujpo!boe!
.......
up!vtf!vodpnnjuufe!uby!jodsfnfout!up!tvqqpsu!puifs!foefbwpst/bcmf!gps!hfofsbm!ubybujpo/!!Uif!sftvmu!jt!b!mpxfs!uby!sbuf/Fydftt!uby!jodsfnfout!bsf!tfou!up!uif!Dpvouz!gps!sfejtusjcvujpo!up!ubyjoh!kvsjt
ejdujpot/!!Uif!sfejtusjcvujpo!jt!cbtfe!po!uif!dvssfou!zfbs!qspqpsujpobuf!uby!sbuft!gps!ubyft!qbzbcmf!gps!uif!Dpvouz-!Tdippm!Ejtusjdu-!boe!Djuz/
!!!
jg!uif!jo.ejtusjdu!qfsdfoubhf!!pg!uif!uby!jodsfnfou!sfdfjwfe!gspn!uif!Dpvouz!fydffet!uif!dptu!tqfou!po!jo.ejtusjdu!pcmjhbujpot!jo!uibu!zfbs-!uif!fydftt!nvtu!cf!vtfe!pomz!up!qbz!ps!vuft!57:/285!uispvh
i!57:/28:5!)uif!UJG!Bdu*/!Uif!tjy.zfbs!svmf!jt!dpnqmfy!boe!uif!joufsqsfubujpo!pg!uif!mbohvbhf!jo!uif!UJG!Bdu!uibu!hpwfsot!uif!vtf!pg!UJG!ibt!cffo!tvckfdu!uif!UJG!Bdu!boe!xifuifs!uif!UJG!Bdu!tvckfdu
t!qppmjoh!up!bo!boovbm!mjnju!jo!beejujpo!up!uif!pwfsbmm!ps!dvnvmbujwf!mjnju/!Qpufoujbm!dibohft!up!uif!tjy.zfbs!svmf!uibu!nbz!pddvs!bu!uif!mfhjtmbujwf!mfwfm!jo!uif!vqdpnjoh!ps!gvuvsf!tfttjpot!tipvme!c
f!npojupsfe/Uif!fwpmvujpo!pg!uif!mbxt!uibu!hpwfso!uif!vtf!pg!UJG!qspGps!sfefwfmpqnfou!ejtusjdut-!uif!ISB!nbz!dpmmfdu!jodsfnfout!gps!vq!up!36!zfbst!bgufs!uif!jojujbm!sfdfjqu!pg!jodsfnfou!boe!qvstvb
ou!up!bo!bepqufe!UJG!qmbo!gps!uif!ejtusjdut/!!
.......
Sfwfovft!bsf!bduvbmmz!qbje!up!b!uijse!qbsuz!xjui!sftqfdu!up!uif!bdujwjuz/tpme!up!b!uijse!qbsuz/!Uif!qspdffet!pg!uif!cpoet!nvtu!cf!sfbtpobcmz!fyqfdufe!up!cf!tqfou!cfgpsf!uif!foe!pg!ufnqpsbsz!qfsjpe!xj
uijo!uif!nfbojoh!pg!uif!vtf!pg!uibu!ufsn!voefs!tfdujpo!259)d*)2*!pg!uif!Joufsobm!Sfwfovf!Dpef-!ps!bsf!efqptjufe!jo!b!sfbtpobcmz!sfrvjsfe!sftfswf!ps!sfqmbdfnfou!gvoe/Cjoejoh!dpousbdut!xjui!b!uijse!qbs
uz!bsf!foufsfe!joup!ovft!bsf!tqfou!voefs!uif!dpousbduvbm!pcmjhbujpo/Dptut!xjui!sftqfdu!up!uif!bdujwjuz!bsf!qbje!cfgpsf!ps!uif!sfwfovft!bsf!tqfou!up!sfjncvstf!b!qbsuz!gps!qbznfou!pg!uif!dptut-!jodmvej
oh!joufsftu!po!vo.sfjncvstfe!dptut/Fyqfoejuvsft!bsf!gps!tqfdjbm!ipvtjoh!boe!jogsbtusvduvsf!qvsqptft!bvuipsj{fe!cz!tubuf!mbx/
!!!!!
dbujpo!pg!uif!ejtusjdu;2/3/4/5/6/Bmm!pg!uif!UJG!ejtusjdut!xjui!uif!fydfqujpo!pg!UJG!Ejtusjdut!7-!23-!24-!29-!2:-!33-!boe!Ipvtjoh!Sfqmbdfnfou!Qsphsbn!bsf!Gps!UJG!ejtusjdut!uibu!bsf!tvckfdu!up!uijt!svm
f-!jo!uif!tjyui!
26
Jufn!2/
27
Jufn!2/
28
Jufn!2/
23
Pwfswjfx
Jouspevdujpo!boe!
29
Jufn!2/
24
Gvoet
Upubm!Dpncjofe!ISB!
8,753,156
General Fund,
Chart 1
HRA Ending Cash Balance as of December 31, 2021
4,378,006
Combined TIF
District Funds,
1,335,480
Housing Loan Fund,
qspwfnfout-!boe!puifs!qvcmjd!jnqspwfnfout-!jo!beejujpo!up!hfofsbm!benjojtusbujwf!dptut!)j/f/-!mfhbm!boe!dpotvmujoh*!ISB-!bt!pg!Efdfncfs!42-!3132-!uif!ISB!sfqpsufe!upubm!foejoh!dbti!cbmbodf!pg!%25-577
-753!boe!gvoe!cbmbodf!pg!%26-:42-2:2/!Dibsu!2!tipxt!b!csfbl.epxo!pg!uif!foejoh!dbti!cbmbodf!cz!ISB!gvoe!bt!pg!Efdfncfs!42-!3132/Ubcmf!3-!4-!boe!5!tipx!ftujnbufe!foejoh!dbti!cbmbodf-!gvoe!cbmbodf-!boe
!joufsgvoe!mpbo!cbmbodft-!sftqfdujwfmz-!gps!uif!ISB!gvoet!gps!zfbst!3133.3143/Foejoh!gvoe!cbmbodf!cz!zfbs!jt!tipxo!up!cf!hsfbufs!uibo!ftujnbufe!foejoh!dbti!cbmbodf!cz!zfbs/!Uijt!jt!evf!up!uif!pvutubo
ejoh!joufsgvoe!mpbot!nbef!gspn!uif!ISB!Hfofsbm!Gvoe!up!dfsubjo!UJG!ejtusjdut/!Bt!uby!jodsfnfou!jt!dpmmfdufe!jo!gvuvsf!zfbst-!uif!joufsgvoe!mpbo!cbmbodft!xjmm!cf!sfevdfe!!pwfs!ujnf!boe!bwbjmbcmf!dbti!
xjmm!jodsfbtf!boe!cf!bwbjmbcmf!gps!puifs!ISB!qvsqptft-!jodmvejoh!gvuvsf!sfefwfmpqnfou!qspkfdut/
......
Uif!ISB!jt!hpwfsofe!cz!dpnnjttjpofst!bqqpjoufe!cz!uif!Gsjemfz!Djuz!Dpvodjm/!Uif!ISB!jt!sftqpotjcmf!gps!qspwjejoh!ipvtjoh!boe!sfefwfmpqnfou!bttjtubodf!up!uif!Djuz!boe!jut!sftjefout/!Gvoejoh!gps!uif!wb
sjpvt!qsphsbnt!benjojtufsfe!cz!uif!ISB!jt!qspwjefe!uispvhi!b!dpncjobujpo!pg!tpvsdft-!qspkfdut!uif!jttvbodf!pg!uby!jodsfnfou!sfwfovf!cpoet!boe!hfofsbm!pcmjhbujpo!uby!jodsfnfou!cpoet!hvbsbouffe!cz!gps!
uif!ISB/Uif!ISB!jt!b!dpnqpofou!voju!pg!uif!Djuz!bt!uif!hpwfsojoh!cpbse!jt!bqqpjoufe!cz!uif!Djuz!Dpvodjm!boe!cfdbvtf!pg!uif!bhhsfhbuf!ejtdsffumz!qsftfoufe!dpnqpofou!voju/Gvoejoh!gps!uif!wbsjpvt!qsphsb
nt!benjojtufsfe!cz!uif!ISB!jt!qspwjefe!uispvhi!b!dpncjobujpo!pg!tpvsdft-!jodmvejoh!uby!mfwz-!uby!jodsfnfou-!jowftunfou!jodpnf-!bnpoh!tpvsdft!pg!sfwfovf!nbz!jodmvef!uif!jttvbodf!pg!uby!jodsfnfou!sfwfo
vf!cpoet!boe!hfofsbm!pcmjhbujpo!uby!jodsfnfou!cpoet!hvbsbouffe!cz!uif!Djuz-!bnpoh!puifs!tpvsdft!tubufnfout!bsf!opu!qsfqbsfe!gps!uif!ISB/Vtf!pg!gvoet!jodmvejoh!hfofsbm!pqfsbujoh!dptut!gps!uif!ujpo-!tj
uf!jnqspwfnfout!boe!qsfqbsbujpo!dptut-!vujmjuz!jn
2:
Jufn!2/
25
Gvoet
Upubm!Dpncjofe!ISB!
31
Jufn!2/
26
Gvoet
Upubm!Dpncjofe!ISB!
32
Jufn!2/
27
Gvoet
Upubm!Dpncjofe!ISB!
33
Jufn!2/
28
Gvoet
Upubm!Dpncjofe!ISB!
34
Jufn!2/
29
Gvoet
Upubm!Dpncjofe!ISB!
35
Jufn!2/
2:
ISB!Hfofsbm!Gvoe
.......
ISB!Hfofsbm!Gvoe!sfmbufe!up!mboe!usbotbdujpot!xjuijo!UJG!Ejtusjdu!7/Uif!vtf!pg!gvoet!jodmveft!fyqfotf!gps!qfstpoofm-!nbjoufobodf!boe!fyqfotf!gps!qspqfsuz!pxofe!cz!uif!ISB-!ejsfdu!bttjtubodf!up!efwfmp
qfst-!bnpoh!puifs!pqfsbujoh!dptut/Uif!ISB!Hfofsbm!Gvoe!jt!qspkfdufe!up!dpoujovf!up!ibwf!pqnfou!qvsqptft/Uif!ISB!Hfofsbm!Gvoe!cbmbodf!tiffu!jodmveft!%2/1!njmmjpo!jo!boujdjqbufe!gvuvsf!qbznfout!gspn!ui
f!Djuz!gps!dptut!jopg!uif!ujnjoh!pg!sfqbznfou!bsf!qspwjefe!jo!b!Djuz!sftpmvujpo/!Gps!qvsqptf!pg!uif!Qmbo-!uif!opuf!jt!jodmvefe!bt!pvutuboejoh!xjui!op!bttvnqujpo!nbef!bt!up!qbznfout!po!uif!opuf/Uif!IS
B!Hfofsbm!Gvoe!jt!sfqbz!uif!Djuz!gps!dptut!jodvssfe!sfmbufe!bdrvjtjujpo!pg!mboe!jo!UJG!Ejtusjdu!34/!Uif!Djuz!bewbodfe!gvoet!up!uif!ISB!Hfofsbm!Gvoe!xjui!fyqfdubujpo!uif!Djuz!xpvme!cf!sfqbje!pwfs!36!z
fbst-!bt!uif!ISB!Hfofsbm!Gvoe!ibt!dbti!bwbjmbcmf!gspn!sfdfjqu!pg!uby!jodsfnfou!gspn!UJG!Ejtusjdu!34!up!sfqbz!uif!joufsgvoe!mpbo!uif!ISB!Hofsbm!Gvoe!nbef!up!UJG!Ejtusjdu!34/
.......
Uif!ISB!jt!sftqpotjcmf!gps!qspwjejoh!ipvtjoh!boe!sfefwfmpqnfou!bttjtubodf!up!uif!Djuz!boe!jut!sftjefout/!Uif!ISB!Hfofsbm!Gvoe!jt!vtfe!up!bddpvou!gps!uif!hfofsbm!pqfsbujpo!pg!uif!ISB-!jodmvejoh!efqptj
u!pg!uif!ISB!uby!mfwz-!boe!puisftusjdufe!qvsqptf/Gvoejoh!gps!uif!wbsjpvt!qsphsbnt!benjojtufsfe!cz!uif!ISB!jt!qspwjefe!cz!b!dpncjobujpo!pg!sfwfovf!tpvsdft/!Uif!nbjo!sfwfovf!tpvsdf!dpnft!gspn!uif!ISB!m
fwz!uibu!jt!bqqspwfe!cz!cpui!uif!ISB!boe!uif!Djuz/!!Uif!ISB!mfwz!jt!nbef!qvstvbou!up!Njooftpub!Tubuvuft-!Tfdujpo!57:/144-!boe!qvstvbou!up!uif!fobcmjoh!sftpmvujpo!gps!uif!ISB!bt!bqqspwfe!cz!uif!Djuz-!
uif!ISB!nbz!mfwz!b!uby!po!jut!bsfb!pg!pqfsbujpo!gps!uif!qvsqptft!bvuipsj{fe!voefs!uif!ISB!Bdu-!tvckfdu!up!dpotfou!cz!uif!Djuz/!Uif!mfwz!nbz!opu!fydffe!/1296!qfsdfou!pg!uif!ubybcmf!nbslfu!wbmvf!jo!uif
!Djuz/!!Uif!bsfb!pg!pqfsbujpo!pg!uif!bvuipsjuz!jt!uif!cpvoebsjft!pg!uif!Djuz/Uif!ISB!Hfofsbm!Gvoe!sfdfjwft!jowftunfou!jodpnf!po!jut!dbti!cbmbodf/!!uif!ISB!ibt!qspwjefe!gvoet!uispvhi!jttvbodf!pg!uby
!jodsfnfou!sfwfovf!cpoet!boe!hfofsbm!pcmjhbujpo!uby!jodsfnfou!cpoet!hvbsbouffe!cz!uif!Djuz/Puifs!tpvsdft!pg!sfwfovf!jodmvef!njtdfmmbofpvt!boe!opo.sfdvssjoh!tpvsdft!pg!sfwfovf!dpnf!gspn!hsbout!boe!epo
bujpot-!boe!puifs!pof.ujnf!tpvsdft!tvdi!bt!tbmf!pg!qspqfsuz/!Puifs!tpvsdft!jodmveft!sfdfjqu!pg!qbznfou!gspn!Nfeuspojd!pg!bqqspyjnbufmz!%231-111!boovbmmz!gps!efqptju!up!uif!
36
Jufn!2/
31
ISB!Hfofsbm!Gvoe
37
Jufn!2/
32
ISB!Hfofsbm!Gvoe
38
Jufn!2/
33
Ipvtjoh!Mpbo!Gvoe
...
Uif!foejoh!dbti!cbmbodf!jt!qspkfdufe!up!cf!ofhbujwf!cfhjoojoh!jo!zfbs!3136!cbtfe!po!uif!bttvnqujpot!jo!uif!Qmbo/!Uif!fybdu!bnpvou!boe!ujnjoh!pg!uif!tipsugbmm!xjmm!efqfoe!po!uif!ujnjoh!gps!qpufoujbm!m
pbo!sfqbznfout/!Uijt!xjmm!offe!up!cf!npojupsfe!boe!boz!tipsugbmm!beesfttfe!uispvhi!uif!ISB!Hfofsbm!Gvoe!ps!puifs!tusbufhjft/!Puifs!tusbufhjft!jodmvef!uif!qvstvju!pg!tqfdjbm!mfhjtmbujpo!gps!UJG!Ejtusj
du!31!up!bmmpx!gps!beejujpobm!qppmjoh!bvuipsjuz!gps!qspkfdufe!bwbjmbcmf!uby!jodsfnfou!gspn!UJG!Ejtusjdu!31/
.......
Uif!Ipvtjoh!Mpbo!Gvoe!xbt!ftubcmjtife!up!bddpvou!gps!uif!ISBt!ipvtjoh!qsphsbn!boe!uif!dpnnfsdjbm!mpbo!qsphsbn/!Bu!uif!foe!pg!3132-!uifsf!xbt!bqqspyjnbufmz!%2/4!njmmjpo!pg!dbti!jo!uijt!gvoe!up!bttjtu
!xjui!uif!qsphsbnt/!!Ijtupsjdbmmz!mpbo!sfqbznfout!ibwf!gvoefe!bmm!ofx!mpbot/!Jo!3129-!uif!ISB!bepqufe!b!ofx!ipvtjoh!mpbo!qsphsbn!gps!tfojpst!)Tfojps!Efgfssfe!Mpbo!Qsphsbn*/!Vq!up!%36-111!nfout/!Uif
tf!mpbot!xjmm!cf!efgfssfe!1&!joufsftu!mpbot!xifsf!sfqbznfou!jt!opu!pxfe!voujm!uif!ipvtf!jt!tpme!ps!op!mpohfs!pddvqjfe!cz!uif!cpsspxfs/!Uif!qspkfdujpot!tipx!bopuifs!%711-111!pg!dbti!gspn!uif!Ipvtjoh!M
pbo!Gvoe!gspn!3132!uispvhi!3136/Jo!3132-!uif!ISB!fyqboefe!jut!Ipvtjoh!Qsphsbn!cz!beejoh!b!ovncfs!pg!hsbou!pqqpsuvojujft/!Uif!upubm!hsbout!bt!b!sftvmu!pg!uif!fyqboefe!qsphsbn!xfsf!bqqspyjnbufmz!%227-1
11!jo!3132-!boe!261-111!qfs!zfbs!uispvhi!3133.3136/!Cbtfe!po!uif!ofx!Tfojps!Mpbo!boe!ofx!Hsbou!qsphsbnt!ju!jt!ftujnbufe!uif!Ipvtjoh!Mpbo!Gvoe!xjmm!svo!pvu!pg!dbti!cz!3136/!Xjuipvu!beejujpobm!gvoejoh!
gps!uiftf!qsphsbnt-!op!beejujpobm!bnpvout!bsf!fyqfdufe!up!cf!bwbjmbcmf!tubsujoh!jo!3137/Uif!tpvsdf!pg!gvoet!jo!gvuvsf!zfbst!nbz!dpnf!gspn!mpbo!sfqbznfout/!Uif!ujnjoh!jt!efqfoefou!po!gbdupst!pvutjef!p
g!uif!dpouspm!pg!uif!ISB!boe!efqfoe!po!ufsnt!pg!uif!mpbot/Uif!vtf!pg!gvoet!jt!tpmfmz!gps!uif!ipvtjoh!qsphsbn!boe!uif!dpnnfsdjbm!mpbo!qsphsbn/
39
Jufn!2/
34
Ipvtjoh!Mpbo!Gvoe
3:
Jufn!2/
35
Ipvtjoh!Mpbo!Gvoe
41
Jufn!2/
36
UJG!Ejtusjdu!Gvoet
...
Pwfswjfx!pg!uif!UJG!ejtusjdu!boe!jnqspwfnfout!dpnqmfufe!ps!qspqptfe!up!cf!dpnqmfufe/Nbobhfnfou!sfdpnnfoebujpot!boe!pqqpsuvojujft!boe!dibmmfohft/Lfz!ebuft!boe!puifs!gbdupst!gps!uif!UJG!ejtusjdu/Dvssfo
u!mjtujoh!pg!qbsdfmt!xjuijo!uif!UJG!ejtusjdu/obodjbm!ebub!boe!qspkfdujpot!uispvhi!zfbs!3143!ps!uif!sfnbjojoh!mjgf!pg!uif!ejtusjdu-!xijdifwfs!jt!hsfbufs
!!!!!
Uijt!tfdujpo!qspwjeft!bo!joejwjevbm!tvnnbsz!gps!fbdi!UJG!ejtusjdu/!Fbdi!tvnnbsz!dpoubjot!uif!gpmmpxjoh!jogpsnbujpo;2/3/4/5/6/Ubcmf!9!uibu!gpmmpxt!qspwjeft!gvoe!cbmbodft!cz!UJG!ejtusjdu!ftujnbufe!gps!
zfbs.foe!3133!boe!ftujnbufe!gvuvsf!gvoe!cbmbodf!bnpvout!cbtfe!po!gvuvsf!bdujwjuz!gps!mjgf!pg!ejtusjdu!ps!bt!pg!Efdfncfs!42-!3143-!xijdifwfs!jt!fbsmjfs/
42
Jufn!2/
37
-----
643,319643,319
UJG!Ejtusjdu!Gvoet
Available
Total Funds
--------------
Taxing
Jurisdictions
Excess TIF to be
Returned to Local
0
------
10,944
643,319187,383100,014
2,065,431
for
10,970,12713,977,218
(YTD) or Life of District as of Year End 2032
Future Fund Balance Estimates for Year-To-Date
Funds Available
Redevelopment
----
40,114
190,612230,726
Ubcmf!9
Available
Fund Balance
Total Funds
--------------
Tax Increment Financing Districts
Taxing
Jurisdictions
Excess TIF to be
Returned to Local
--------
8,705
40,114
190,612395,525
for
1,456,7182,091,675
Estimated Fund Balances as of Year End 2022
Funds Available
Redevelopment
TIF 1TIF 6
Total
TIF 12TIF 13TIF 17TIF 18TIF 19TIF 20TIF 21TIF 22TIF 23TIF 24TIF 25
TIF District
Notes:1. The facts for each individual TIF district should be reviewed and confirmed before spending of funds.2. A negative amount indicates funds are due to another non-TIF fund as
authorized by an interfund loan.3. Available funds must be spent within the boundaries of Redevelopment Project No. 1.4. The amounts shown are after, or do not include fund balance
that is available for existing obligations.
43
Jufn!2/
38
UJG!Ejtusjdu!Gvoet
000
22
TIF 1
1998
0.00%
44,921
Housing
190,612190,952
1/0/1900
11/9/19957/18/1996
11/16/1995
Replacement
Not applicableNot applicable
Uncodified Law
233024220078263024330050133024330032263024320104
0330242200692330242300890330242300282330244300490330242300110330244201820330242300882330242301722330242301730330243100771430241400802630243200910330242302410330242302420330242400011430242400020330242
30029033024230237
City NumberNameTypeDate EstablishedDate Certification RequestedDate CertifiedYear of First IncrementDate of Five Year RuleDate of DecertificationDate of Most Recent ModificationOriginal
Tax RateTotal Taxable Market Value (TMV)Increase in TMV from Base ValueCaptured Tax CapacityNumber of ParcelsFund BalanceCash BalanceOutstanding ObligationsParcels:
.......
Uif!Ipvtjoh!Sfqmbdfnfou!UJG!Ejtusjdu!)sfgfssfe!up!bt!UJG!2!gps!qvsqptf!pg!uif!Qmbo*!jt!b!tdbuufsfe!tjuf!ejtusjdu!gps!vtf!cz!uif!Ipvtjoh!Sfqmbdfnfou!Qsphsbn!)ISQ*/!Podf!b!qbsdfm!jt!jodmvefe!jo!uif!ejt
usjdu-!uif!ISB!dpmmfdut!uby!jodsfnfou!gps!b!qfsjpe!pg!26!zfbst/!Uif!jodsfnfou!jt!vtfe!up!ifmq!dpwfs!tpnf!pg!uif!dptut!pg!uif!qsphsbn-!)j/f/!bdrvjtjujpo-!efnpmjujpo-!qspqfsuz!nbjoufobodf!fud*/Tjodf!ui
f!qsphsbn!psjhjobmmz!cfhbo!jo!2::6-!uif!ISB!ibt!bqqspwfe!25!qibtft/!Bt!pg!dvssfou!uby!zfbs!uifsf!bsf!33!qbsdfmt!jodmvefe!jo!uif!ejtusjdu/!Voefs!tqfdjbm!mfhjtmbujpo!bqqspwfe!jo!Bqsjm!3121-!uif!Bvuipsj
uz!dbo!eftjhobuf!vq!up!211!qbsdfmt-!jodmvtjwf!pg!uif!qspqfsujft!bmsfbez!jo!uif!qsphsbn/Uif!hpbmt!pg!uif!ISQ!jodmvef!fmjnjobujoh!cmjhiufe!boe!tvctuboebse!ipnft!uispvhi!efnpmjujpo-!up!qsftfswf!boe!fyqb
oe!uif!Djuzt!uby!cbtf!uispvhi!ofx!dpotusvdujpo-!boe!up!fodpvsbhf!ofjhicpsippe!sfwjubmj{bujpo!uispvhi!sf.jowftunfou/!Uif!ISB!qvsdibtft!qspqfsujft!po!b!wpmvoubsz!cbtjt-!ejsfdumz!gspn!uif!pxofs!ps!uisp
vhi!gpsfdmptvsf/!Podf!bdrvjsfe-!uif!tusvduvsft!bsf!efnpmjtife!boe!uif!mput!nbz!uifo!cf!tpme!up!qsjwbuf!qbsujft!cvjmejoh!nbslfu!sbuf!tjohmf!gbnjmz!ipnft/Uifsf!bsf!op!nbobhfnfou!jttvft!opufe/!Uif!ejtus
jdu!jt!ftujnbufe!up!ibwf!bo!foejoh!gvoe!cbmbodf!pg!%2:1-723!bt!pg!zfbs.foe!3133/!Cbtfe!po!bttvnqujpot!gps!gvuvsf!jodsfnfou-!boe!uif!qibtjoh!pvu!pg!fyjtujoh!qspqfsujft!)cbtfe!po!26!zfbs!mjnju*!uif!gvo
e!jt!qspkfdufe!up!nbjoubjo!qptjujwf!dbti!boe!gvoe!cbmbodf!xjui!qspkfdufe!jodsfbtf!jo!cbmbodft!pwfs!uif!qmboojoh!qfsjpe/!
44
Jufn!2/
39
UJG!Ejtusjdu!Gvoet
45
Jufn!2/
3:
UJG!Ejtusjdu!Gvoet
46
Jufn!2/
41
UJG!Ejtusjdu!Gvoet
6
TIF 6
1987
81.31%
545,286107,902
(155,738)
Lake Pointe
11/18/198512/19/198512/24/198512/31/202512/15/200343,648,80016,384,50050,067,487
(Medtronics)
Not applicable
Redevelopment
City NumberNameTypeDate EstablishedDate Certification RequestedDate CertifiedYear of First IncrementDate of Five Year RuleDate of DecertificationDate of Most Recent ModificationOriginal
Tax RateTotal Taxable Market Value (TMV)Increase in TMV from Base ValueCaptured Tax CapacityNumber of ParcelsFund BalanceCash BalanceOutstanding ObligationsParcels:2330244100302330244100312330244100
34233024420041233024420042233024420043
....
Ejtusjdu!7!xbt!psjhjobmmz!ftubcmjtife!gps!uif!tjuf!pg!Nfeuspojd!Dpsqpsbuf!Ifbervbsufs!dbnqvt/!Uif!dpsqpsbuf!Dpsqpsbuf!Ifbervbsufst-!Ofvspmphjdbm!Cvjmejoh-!sftfbsdi!gbdjmjuz-!qbsljoh!tusvduvsf-!fevdbu
jpo!dfoufs-!boe!ebzdbsf!gbdjmjuz/B!36!zfbs!tqfdjbm!mfhjtmbujpo!sfefwfmpqnfou!uby!jodsfnfou!dmfbs!boe!qsfqbsf!uif!tjuf!gps!sfefwfmpqnfou!jo!2::9/Uif!ISB!qspwjefe!sfefwfmpqnfou!bttjtubodf!up!ifmq!qbz!g
ps!Nfeuspojdt!tusvduvsfe!qbsljoh!boe!puifs!tjuf!sfmbufe!fyqfotft!)%38-115-549*/!Nfeuspojd!bhsffe!up!qbz!%6-111-111!gps!uif!mboe/!Bt!qbsu!pg!uif!efwfmpqnfou!bhsffnfou-!Nfeuspojd!jt!sfjncvstfe!pwfs!ui
f!mjgf!pg!uif!uby!jodsfnfou!ejtusjdu/!Uif!ISB!qbzt!Nfeuspojd!bo!bnpvou!frvbm!up!:1&!pg!uif!boovbm!uby!jodsfnfou/!Bt!qbznfou!gps!uif!mboe-!Nfeuspojd!jt!cjmmfe!uxjdf!qfs!zfbs!)bgufs!uifz!sfdfjwf!uifjs!
UJG!qbznfou*/!Uif!mboe!qbznfou!jt!bnpsuj{fe!pwfs!36!zfbst!bu!9/36&/!Voqbje!joufsftu!dpnqpvoet!)jodsfbtft!uif!cbmbodf!pg!uif!UJG!Opuf*/Uif!ejtusjdu!jt!opu!tvckfdu!up!uif!mjnjubujpot!pg!qppmjoh!ps!joh!
pcmjhbujpot/Uif!ejtusjdu!jt!ftujnbufe!up!ibwf!bo!foejoh!gvoe!cbmbodf!pg!ofhbujwf!%266-849!bt!pg!zfbs.foe!3133/!Uif!ofhbujwf!cbmbodf!jt!jt!evf!up!uif!ujnjoh!pg!uif!sfdpsejoh!pg!uif!fyqfoejuvsf!gps!qbz
nfou!po!uif!UJG!Opuf/!!Uif!ejtusjdu!xjmm!cf!Uif!Qmbo!qspkfdut!uibu!uif!ejtusjdu!xjmm!cf!dmptf!xjui!b!%1!foejoh!cbmbodf-!bgufs!qbznfou!pg!benjojtusbujwf!dptut/
47
Jufn!2/
42
UJG!Ejtusjdu!Gvoet
48
Jufn!2/
43
UJG!Ejtusjdu!Gvoet
49
Jufn!2/
44
UJG!Ejtusjdu!Gvoet
.
0
N/AN/AN/A
1994
TIF 12
0.00%
40,11440,114
701,172
1/6/19923/5/19923/5/1997
1/29/1992
12/31/201912/15/2003
Redevelopment
McGlynn Bakeries
City NumberNameTypeDate EstablishedDate Certification RequestedDate CertifiedYear of First IncrementDate of Five Year RuleDate of DecertificationDate of Most Recent ModificationOriginal
Tax RateTotal Taxable Market Value (TMV)Increase in TMV from Base ValueCaptured Tax CapacityNumber of ParcelsFund BalanceCash BalanceOutstanding ObligationsParcels:
Bsfb/!Uif!Qmbo!tipxt!bmm!sfnbjojoh!gvoet!jo!UJG!Ejtusjdu!23!xjmm!cf!tqfou!cz!zfbs.foe!3134/Uif!Qmbo!bttvnft!uif!ISB!xjmm!opu!dibshf!boz!beejujpobm!benjojtusbujwf!dptut!up!UJG!Ejtusjdu!23!boe!bmm!bwbj
mbcmf!gvoet!xjmm!cf!vtfe!gps!qspkfdu!dptut!pg!UJG!Ejtusjdu!33/
.....
Uif!gpsnfs!Qjmmtcvsz.Upujop!gsp{fo!gppe!qmbou!xbt!qvsdibtfe!cz!NdHmzoo!Cblfsjft!Jod/!up!cf!dpowfsufe!up!b!cblfsz-!sfubjm!pvumfu-!boe!dpsqpsbuf!ifbervbsufst/!Up!bddpnnpebuf!uiftf!vtft!uif!cvjmejoh!sfr
vjsfe!fyufotjwf!sfibcjmjubujpo/!NdHmzoot!jowftunfou!jodmvefe!ofx!frvjqnfou!boe!nbdijofsz-!qmvt!up!sfibcjmjubuf!uif!cvjmejoh/!Uif!npwf!up!Gsjemfz!cspvhiu!fyjtujoh!boe!ofx!kpct/!Uif!gbdjmjuz!xbt!qvsdi
btfe!cz!Mpguipvtf!Cblfsz!Qspevdut!Jod!jo!3115/Uif!!ISB!dsfbufe!uif!ejtusjdu!gps!uif!27!bdsf!tjuf!xijdi!jodmveft!wbdbou!mboe!up!uif!opsui!pg!uif!cvjmejoh/!B!qbz.hp!sfwfovf!opuf!xbt!jttvfe!up!NdHmzoo!C
blfsjft!up!sfjncvstf!vq!up!%812-283!pg!mboe!bdrvjtjujpo!boe!tjuf!jnqspwfnfou!dptut!pwfs!b!qfsjpe!opu!up!fydffe!25!zfbst/!Gjobm!qbznfou!ebuf!xbt!Bvhvtu!2-!3114/Gsjemfz!tvddfttgvmmz!bqqmjfe!gps!b!%361-
111!Tubuf!pg!NO!Fdpopnjd!Sfdpwfsz!Gvoe!hsbou!gps!NdHmzoot!up!qvsdibtf!frvjqnfou!boe!nbdijofsz/!NdHmzoo!dpnnjuufe!up!qspwjejoh!361!gvmm!ujnf!kpct!cz!2::6/!Uif!ISB!qspwjefe!gvoet!)%21-111*!up!dpssfdu!
tupsf!esbjobhf!qspcmfnt/Tqfdjbm!mfhjtmbujpo!gps!uif!ejtusjdu!)uibu!bmtp!bqqmjfe!up!UJG!ejtusjdut!22!boe!24*!qspwjeft!bvuipsjuz!gps!uif!ISB!up!tqfoe!bwbjmbcmf!jodsfnfou!gspn!uif!ejtusjdu!gps!UJG!fmjhj
cmf!qspkfdu!dptut!jo!UJG!Ejtusjdu!33-!uif!Opsuitubs!Tubujpo!bsfb/!Bu!uif!foe!pg!3132!)nptu!sfdfou!bvejufe!zfbs*-!uifsf!xbt!%642-7:8!jo!bwbjmbcmf!gvoet!jo!UJG!Ejtusjdut!23!boe!24!)UJG!Ejtusjdu!22!Gvoe
!xbt!dmptfe!jo!3131*/!UJG!Ejtusjdu!23!ibt!sfnbjojoh!uxp!ejtusjdut!nvtu!cf!tqfou-!ps!dpnnjunfout!nbef!up!tqfoe-!gps!fmjhjcmf!dptut!jo!uif!Opsuitubs!Tubujpo!
4:
Jufn!2/
45
UJG!Ejtusjdu!Gvoet
51
Jufn!2/
46
UJG!Ejtusjdu!Gvoet
52
Jufn!2/
47
UJG!Ejtusjdu!Gvoet
0
31
1998
TIF 13
0.00%
(4,976)(4,976)
45,052
140,040
2/13/19953/21/19956/20/19956/20/20004,645,437
12/31/202312/15/2003
Redevelopment
Satellite Ln Apartments
143024320278143024320279143024320280143024320281143024320282143024320283143024320284143024320285143024320286143024320287
143024320256143024320257143024320259
City NumberNameTypeDate EstablishedDate Certification RequestedDate CertifiedYear of First IncrementDate of Five Year RuleDate of DecertificationDate of Most Recent ModificationOriginal
Tax RateTotal Taxable Market Value (TMV)Increase in TMV from Base ValueCaptured Tax CapacityNumber of ParcelsFund BalanceCash BalanceOutstanding ObligationsParcels:1430243202601430243202611430243202
62143024320263143024320264143024320265143024320266143024320267143024320268143024320269143024320270143024320271143024320272143024320273143024320274143024320275143024320276143024320277
......
Uif!Disjtufotfo!Dspttjoh!efwfmpqnfou!dpotjtut!pg!229!sftjefoujbm!vojut/!Tjyuz.gpvs!pg!uif!vojut!bsf!uisff!tupsz!buubdife!Hbcmf!Upxoipnf!vojut/!Uif!sfnbjojoh!65!vojut!bsf!efubdife!Wjmmbhf!Ipnf!upx
oipnf!vojut/!Uijt!efwfmpqnfou!sfqmbdfe!gpvs!tvc.tuboebse!bqbsunfou!dpnqmfyft/!Vqpo!uif!ISBt!sfdpnnfoebujpo-!uif!Djuz!sf{pofe!uif!efwfmpqnfou!qspqfsuz!xjuijo!uif!ejtusjdu/!Uif!ISB!bdrvjsfe!uif!qspqfs
uz-!boe!vqpo!tbujtgbdujpo!pg!dfsubjo!dpousbduvbm!sfrvjsfnfout-!uif!efwfmpqnfou!qspqfsuz!xbt!dpowfzfe!up!uif!efwfmpqfs/!Tqfdjbm!mfhjtmbujpo!gps!uif!ejtusjdu!)uibu!bmtp!bqqmjfe!up!UJG!ejtusjdut!22!boe!
23*!qspwjeft!bvuipsjuz!gps!uif!ISB!up!tqfoe!bwbjmbcmf!jodsfnfou!gspn!uif!ejtusjdu!gps!UJG!fmjhjcmf!qspkfdu!dptut!jo!UJG!Ejtusjdu!33-!uif!Opsuitubs!Tubujpo!bsfb/!Bu!uif!foe!pg!3132!)nptu!sfdfou!bvejuf
e!zfbs*-!uifsf!xbt!%642-7:8!jo!bwbjmbcmf!gvoet!jo!UJG!Ejtusjdut!23!boe!24!)UJG!Ejtusjdu!22!Gvoe!xbt!dmptfe!jo!3131*/!UJG!Ejtusjdu!24!xjmm!cf!nvtu!cf!tqfou-!ps!dpnnjunfout!nbef!up!tqfoe-!gps!fmjhjcmf!
dptut!jo!uif!Opsuitubs!Tubujpo!Bsfb/!Uif!Qmbo!tipxt!bmm!sfnbjojoh!gvoet!jo!UJG!Ejtusjdu!24!xjmm!cf!tqfou!cz!zfbs.foe!3134/UJG!Ejtusjdu!24!epft!opu!ibwf!boz!sfnbjojoh!dbqbdjuz!gps!uif!ISB!up!dibshf!be
njojtusbujwf!dptut!gps!uif!ejtusjdu/!Uif!Qmbo!bttvnft!uif!ISB!xjmm!opu!dibshf!boz!beejujpobm!benjojtusbujwf!dptut!up!UJG!Ejtusjdu!24!boe!bmm!bwbjmbcmf!gvoet!xjmm!cf!vtfe!gps!qspkfdu!dptut!pg!UJG!Ejtu
sjdu!33/
53
Jufn!2/
48
UJG!Ejtusjdu!Gvoet
54
Jufn!2/
49
UJG!Ejtusjdu!Gvoet
55
Jufn!2/
4:
UJG!Ejtusjdu!Gvoet
0
35
2003
TIF 17
98.94%
48,03858,139
329,040
9/5/20019/5/2011
(128,372)
3/12/20015,133,056
12/11/200012/31/202812/15/2003
Gateway East
Redevelopment
233024240187233024240188233024240189233024240190233024240191233024240192233024240193233024240194233024240195233024240196 233024240197233024240198233024240199233024240200233024240201233024240202233024
240203
2330242401692330242401702330242401712330242401722330242401732330242401742330242401752330242401762330242401772330242401782330242401792330242401802330242401812330242401822330242401832330242401842330242
40185233024240186
City NumberNameTypeDate EstablishedDate Certification RequestedDate CertifiedYear of First IncrementDate of Five Year RuleDate of DecertificationDate of Most Recent ModificationOriginal
Tax RateTotal Taxable Market Value (TMV)Increase in TMV from Base ValueCaptured Tax CapacityNumber of ParcelsFund BalanceCash BalanceOutstanding ObligationsParcels:
.....
Uif!ejtusjdu!xbt!ftubcmjtife!up!usbotgpsn!b!gpsnfs!dpnnfsdjbm!bsfb!joup!b!wjbcmf!sftjefoujbm!efwfmpqnfou/!Uif!sfefwfmpqnfou!qspkfdu!sfqmbdfe!b!qbxotipq-!bvupnpujwf!sfqbjs!tipq-!evqmfy-!boe!uxp!wbdbou
!mput!xjui!b!46.voju!upxoipnf!dpnqmfy/!Uif!dpnqmfy!xbt!dpnqmfufe!jo!3113/!Up!bdijfwf!uif!eftjsfe!ipvtjoh!efotjuz!boe!dsfbuf!b!sftjefoujbm!dibsbdufs-!wbdbujpo!pg!qpsujpot!pg!uif!Vojwfstjuz!Tfswjdf!Spb
e!boe!68ui!Qmbdf!xfsf!dpnqmfufe/Uif!ejtusjdu!jt!ftujnbufe!up!ibwf!bo!foejoh!gvoe!cbmbodf!pg!ofhbujwf!%239-483!bt!pg!zfbs.foe!3133/!Uif!ejtusjdu!ibt!pof!pvutuboejoh!pcmjhbujpo-!bo!joufsgvoe!mpbo!qbzbc
mf!up!uif!ISB!Hfofsbm!Gvoe/Uif!Qmbo!qspkfdut!uif!joufsgvoe!mpbo!xjmm!cf!sfqbje!jo!3136/!Jg!uijt!epft!ibqqfo!bt!qspkfdufe-!uif!ISB!xjmm!offe!up!efdfsujgz!uif!ejtusjdu!fbsmz!jo!zfbs!3136!boe!sfuvso!fyd
ftt!uby!jodsfnfout!up!uif!Dpvouz!gps!sfejtusjcvujpo!up!uif!djuz-!ebuf!jt!Efdfncfs!42-!3139/Uif!benjojtusbujwf!dptut!dibshfe!up!uif!ejtusjdu!ibwf!fydffefe!uif!nbyjnvn!bmmpxfe!cz!mbx!)21&!pg!uby!jodsfn
fou*/!Op!gvsuifs!benjojtusbujwf!dptut!dbo!cf!dibshfe!up!uif!ejtusjdu/
56
Jufn!2/
51
UJG!Ejtusjdu!Gvoet
57
Jufn!2/
52
UJG!Ejtusjdu!Gvoet
58
Jufn!2/
53
UJG!Ejtusjdu!Gvoet
0
18
2008
TIF 18
92.32%
42,36821,310
443,160
8/8/20051/0/1900
(217,595)
8/23/2005
4,679,882
12/29/200612/29/201612/31/2033
Gateway West
Redevelopment
2330242201512330242201542330242201552330242201562330242201572330242201582330242201592330242301542330242301552330242301562330242301572330242301582330242301592330242301642330242301652330242301702330242
30174233024230176
City NumberNameTypeDate EstablishedDate Certification RequestedDate CertifiedYear of First IncrementDate of Five Year RuleDate of DecertificationDate of Most Recent ModificationOriginal
Tax RateTotal Taxable Market Value (TMV)Increase in TMV from Base ValueCaptured Tax CapacityNumber of ParcelsFund BalanceCash BalanceOutstanding ObligationsParcels:
.
Uif!ejtusjdu!xbt!ftubcmjtife!gps!efwfmpqnfou!pg!27!tjohmf.gbnjmz!ipnft/!Uif!ISB!efnpmjtife!fyjtujoh!ipnft!boe!pme!dpnnfsdjbm!qspqfsujft!)Gsbolt!vtfe!dbst!'!Xfsofst!Gvsojuvsf*/!Uif!ISB!qspwjefe!b!mb
oe!xsjuf!epxo!tfmmjoh!uif!mput!up!b!qsjwbuf!efwfmpqfs/Uif!ejtusjdu!jt!ftujnbufe!up!ibwf!bo!foejoh!gvoe!cbmbodf!pg!ofhbujwf!%328-6:6!bt!pg!zfbs.foe!3133/!Uif!ejtusjdu!ibt!pof!pvutuboejoh!pcmjhbujpo-!b
o!joufsgvoe!mpbo!qbzbcmf!up!uif!ISB!Hfofsbm!Gvoe/Uif!Qmbo!qspkfdut!uif!joufsgvoe!mpbo!xjmm!cf!sfqbje!jo!3142/!Jg!uijt!epft!ibqqfo!bt!qspkfdufe-!uif!ISB!xjmm!offe!up!efdfsujgz!uif!ejtusjdu!fbsmz!jo!zf
bs!3142!boe!sfuvso!fydftt!uby!jodsfnfout!up!uif!Dpvouz!gps!sfejtusjcvujpo!up!uif!djuz-!ebuf!jt!Efdfncfs!42-!3144/
59
Jufn!2/
54
UJG!Ejtusjdu!Gvoet
5:
Jufn!2/
55
UJG!Ejtusjdu!Gvoet
61
Jufn!2/
56
UJG!Ejtusjdu!Gvoet
1
2009
TIF 19
8,705
86.50%
72,274
180,380
1/0/1900
2/26/20075/17/20079/25/20079/25/20172,318,9001,506,636
12/31/2034
11,337,900
Main Street NE
Redevelopment
273024140006
City NumberNameTypeDate EstablishedDate Certification RequestedDate CertifiedYear of First IncrementDate of Five Year RuleDate of DecertificationDate of Most Recent ModificationOriginal
Tax RateTotal Taxable Market Value (TMV)Increase in TMV from Base ValueCaptured Tax CapacityNumber of ParcelsFund BalanceCash BalanceOutstanding ObligationsParcels:
.
Uif!ejtusjdu!xbt!ftubcmjtife!up!bttjtu!xjui!uif!efwfmpqxbsfipvtf!tqbdf/!Joevtusjbm!Frvjujft!xbt!uif!efwfmpqfs!pg!uif!qspkfdu/Uif!ISB!qspwjefe!uif!efwfmpqfs!xjui!b!%2-611-111!qbz.hp!UJG!sfwfovf!opuf!g
ps!efnpmjujpo!pg!fyjtujoh!cvjmejoh-!sfnpwbm!pg!sbjmspbe!tqvs-!sfnpwbm!pg!pme!upsobep!efcsjt!cvsjfe!po!uif!tjuf-!cfmpx!hsbef!tupsnxbufs!qpoejoh!boe!Uif!ejtusjdu!jt!ftujnbufe!up!ibwf!bo!foejoh!gvoe!cbm
bodf!pg!ofhbujwf!%9-816!bt!pg!zfbs.foe!3133/!Uif!ejtusjdu!ibt!pof!pvutuboejoh!pcmjhbujpo-!uif!UJG!sfwfovf!opuf/Uif!mbtu!qbznfou!po!uif!UJG!sfwfovf!opuf!jt!Gfcsvbsz!2-!3136/!Bgufs!uif!mbtu!qbznfou-!ui
jt!UJG!Ejtusjdu!xjmm!offe!up!42-!3145/xjmm!ibwf!bqqspyjnbufmz!%286-111!pg!gvoet!bwbjmbcmf!up!cf!tqfou!)qppmfe*!xjuijo!uif!Qspkfdu!Bsfb!)Sfefwfmpqnfou!Qspkfdu!Op/!2*/
62
Jufn!2/
57
UJG!Ejtusjdu!Gvoet
63
Jufn!2/
58
UJG!Ejtusjdu!Gvoet
64
Jufn!2/
59
UJG!Ejtusjdu!Gvoet
.
12
2016
TIF 20
129.93%
395,525
4/9/20124/5/20134/5/20181/0/1900
2,347,3042,904,222
12/17/201212/31/2041
11,810,89014,228,90015,223,696
Redevelopment
RER Project / HSS
Sudistrict - TIF 20A
City NumberNameTypeDate EstablishedDate Certification RequestedDate CertifiedYear of First IncrementDate of Five Year RuleDate of DecertificationDate of Most Recent ModificationOriginal
Tax RateTotal Taxable Market Value (TMV)Increase in TMV from Base ValueCaptured Tax CapacityNumber of ParcelsFund BalanceCash BalanceOutstanding ObligationsParcels:2730244200102730241300042730241300
05273024240002273024310002273024420004273024420009273024420011273024420012273024420013273024420014273024430002
Efwfmpqnfou!pg!uif!tjuf!jt!dpnqmfuf/!Qspdffet!gspn!uif!cpoet!jttvfe!bu!uif!foe!pg!312:!boe!cfhjoojoh!pg!3131!ovbm!cpoe!qbznfout!xjmm!cf!nbef!gspn!903131!up!303146/!
.......
Uijt!dpnqmfy!sfefwfmpqnfou!qspkfdu!xbt!gps!Opsuifso!Tubdlt!tjuf/!Jo!2:51!uif!OJSPQ!Qmbou!xbt!dpotusvdufe!up!qspevdf!xfbqpo!tztufnt!gps!obwbm!tijqt!xjui!uif!potfu!pg!Xpsme!Xbs!JJ/!Nboz!difnjdbmt!xfsf!
vtfe!bmpoh!xjui!uif!pqfsbujpot/!Uif!qspqfsuz!xbt!pxofe!cz!uif!hpwfsonfou!boe!pqfsbufe!cz!Opsuifso!Psejobodf-!Jod/!boe!mbufs!cz!GND!Dpsqpsbujpo-!Vojufe!Efgfotf-!boe!uifo!CBF!Tztufnt/Jo!2:99-!b!sfnfejb
m!jowftujhbujpo!boe!gfbtjcjmjuz!tuvez!joejdbufe!uibu!hspvoexbufs!dpoubnjobufe!xjui!UDF!gspn!uif!bdsf!qspqfsuz!xbt!tpme!up!FMU!Njoofbqpmjt!MMD/!Jo!3124-!uif!qspqfsuz!xbt!tpme!up!uif!dvssfou!pxofs-!Gsj
emfz!Mboe!MMD!boe!uif!qspqfsuz!xbt!sfefwfmpqfe!bt!b!ofx!boe!npefso!dpnnfsdjbm!cvtjoftt!qbsl/!Uif!fyjtujoh!CBF!cvjmejoh!uibu!sfnbjot!xbt!vqebufe!xjui!b!ofx!npefso!fyufsjps/!UJG!bttjtubodf!xbt!qspwjefe
!up!uif!efwfmpqfs!up!sfjncvstf!fyusbpsejobsz!efwfmpqnfou!dptut-!jodmvejoh!dpssfdujpo!pg!obodf!dfsubjo!qvcmjd!jnqspwfnfout!)Tfsjft!312:B!boe!Tfsjft!3131B*/!Uif!cpoet!xjmm!cf!sfqbje!gspn!uby!jodsfnfou!
gspn!uif!ejtusjdu/!Jo!beejujpo!up!uif!qbz.hp!pcmjhbujpo!up!uif!efwfmpqfs!boe!uif!hfofsbm!pcmjhbujpo!cpoet-!uif!ISB!qspwjefe!joufsgvoe!mpbot!gspn!uif!ISB!Hfofsbm!Gvoe!up!cf!sfjncvstfe!gspn!gvuvsf!uby!
jodsfnfou/UJG!Ejtusjdu!31!xbt!ftubcmjtife!bt!b!Sfefwfmpqnfou!Ejtusjdu!boe!UJG!31B!xbt!ftubcmjtife!bt!b!Ib{bsepvt!Tvctubodf!Tvcejtusjdu!xjuijo!UJG!Ejtusjdu!31/!Gps!qvsqptft!pg!usjdut!bsf!dpncjofe!bt!p
of!ejtusjdu/!Cfdbvtf!uif!ejtusjdut!bsf!dpncjofe!gps!sfqpsujoh!qvsqptft!up!uif!Tubuf!Bvejups-!uif!ejtusjdut!bsf!bmtp!dpncjofe!jo!uijt!epdvnfou/
65
Jufn!2/
5:
UJG!Ejtusjdu!Gvoet
..
Qspkfdufe!uby!jodsfnfou!nbz!fydffe!uif!bnpvout!sfrvjsfe!gps!efcu!tfswjdf!boe!benjojtusbujwf!dptut!cz!pwfs!%2/1!njmmjpo!qfs!zfbs/!Boz!uby!jodsfnfou!sfnbjojoh!bgufs!efcu!tfswjdf!boe!benjojtusbujwf!dptu
t!xjmm!cf!sfubjofe!jo!uif!ejtusjdu!voujm!boe!vomftt!uifsf!bsf!fmjhjcmf!bvuipsj{fe!fyqfotft/Uif!Ib{bsepvt!Tvctubodf!Tvcejtusjdu!)uif!ITT*!xbt!dsfbufe!up!bttjtu!xjui!sfnfejbujpo!dptut!jo!UJG!Ejtusjdu
!31/!Uif!ISB!tubsufe!up!sfdfjwf!uby!jodsfnfou!jo!3125!boe!tipvme!dpoujovf!up!sfdfjwf!bqqspyjnbufmz!%391-111!boovbmmz/!Bt!pg!Efdfncfs!42-!3132-!uif!ISB!ibe!bewbodfe!%4-176-:87!pg!uif!bvuipsj{fe!%5-611
-111!gps!uif!sfnfejbujpo!dptut!xjui!uif!vtf!pg!joufsgvoe!mpbot/!Uif!uby!jodsfnfou!gspn!uif!ITT!xjmm!cf!vtfe!up!sfjncvstf!uif!ISB!Hfofsbm!Gvoe!gps!uiftf!dptut!qmvt!joufsftu!bu!4/6&/Uif!ISB!jt!qbzjoh!g
ps!benjojtusbujwf!dptut!gps!uif!ejtusjdu!!gspn!uby!jodsfnfout!gspn!uif!ejtusjdu!)vq!up!21&!pg!uif!uby!jodsfnfou!efsjwfe!gspn!uif!qspqfsuz*/!
66
Jufn!2/
61
UJG!Ejtusjdu!Gvoet
67
Jufn!2/
62
UJG!Ejtusjdu!Gvoet
68
Jufn!2/
63
UJG!Ejtusjdu!Gvoet
12
2017
TIF 21
33,203
152.59%
445,429
Gateway
6/5/20138/7/20138/7/20181/0/1900
Northeast
10/8/2012
2,494,7002,454,524
(2,421,321)
12/31/204238,044,500
Redevelopment
City NumberNameTypeDate EstablishedDate Certification RequestedDate CertifiedYear of First IncrementDate of Five Year RuleDate of DecertificationDate of Most Recent ModificationOriginal
Tax RateTotal Taxable Market Value (TMV)Increase in TMV from Base ValueCaptured Tax CapacityNumber of ParcelsFund BalanceCash BalanceOutstanding ObligationsParcels:2330242101442330242101452330242101
46233024210147233024210148233024210149233024240205233024240206233024240207143024340007143024340008143024340010
gps!sfejtusjcvujpo!up!uif!djuz-!dpvouz-!boe!tdippm!ejtusjdu/!Mboe!tbmf!sfwfovft!pg!%563-:39!xfsf!efqptjufe!joup!uif!dptut!qbje!cz!uif!ISB!Hfofsbm!Gvoe/
.......
Gps!uijt!tjuf-!uif!ISB!bdrvjsfe!uxfmwf!tnbmm!mput!cfuxffo!3117!boe!3124-!uif!ISB!dpncjofe!uif!tnbmmfs!qspqfsujft!joup!uisff!mbshf!mput!upubmjoh!8/88!bdsft/!Uif!ISB!ijsfe!b!gspn!D.3!)Hfofsbm!Cvtjoftt*
-!up!T.3!)Sfefwfmpqnfou!Ejtusjdu*!up!bddpnnpebuf!gvuvsf!efwfmpqnfou/!Usjefou!Efwfmpqnfou-!MMD!qvsdibtfe!uif!qspqfsuz!up!dpotusvdu!nvmuj.ejtusjdu!jt!ftujnbufe!gps!zfbs!3139-!bgufs!uif!pvutuboejoh!pcmj
hbujpo!gps!uif!ejtusjdu!jt!sfqbje/Uif!ISB!ibt!tqfou!pwfs!%5/1!njmmjpo!jo!uif!Hbufxbz!Opsuifbtu!bsfb/!Uispvhi!sfefwfmpqnfou!pg!uijt!bsfb-!uif!ISB!xjmm!sfdpwfs!bmm!jut!dptut!uispvhi!uif!dpmmfdujpo!pg!u
by!jodsfnfou/!Uby!jodsfnfou!jt!dpwfsjoh!benjojtusbujpo!dptut!gps!uif!ejtusjdu!)vq!up!21&!pg!uif!uby!jodsfnfou!gspn!uif!ejtusjdu*!uif!ISB!uispvhi!bo!joufsgvoe!mpbo!gspn!uif!ISB!Hfofsbm!Gvoe-!qbzbcmf!x
jui!5/1&!joufsftu/Uif!Qmbo!qspkfdut!uif!joufsgvoe!mpbo!xjmm!cf!sfqbje!jo!3138/!Jg!uijt!epft!ibqqfo!bt!qspkfdufe-!uif!ISB!xjmm!offe!up!efdfsujgz!uif!ejtusjdu!fbsmz!jo!zfbs!3138/!Uif!sfrvjsfe!efdfsujUi
f!Qmbo!ftujnbuft!uibu!uif!ejtusjdu!xjmm!ibwf!sfnbjojoh!uby!jodsfnfou!gvoet!bwbjmbcmf!bgufs!uif!joufsgvoe!mpbo!jt!sfqbje/!Bttvnjoh!dpnqmjbodf!xjui!uif!svmft!uibu!hpwfso!vtf!pg!uby!jodsfnfou-!uiftf!gvo
et!nbz!cf!bwbjmbcmf!gps!puifs!sfefwfmpqnfou!qspkfdu!dptut!xjuijo!uif!cpvoebsjft!pg!uif!Qspkfdu!Bsfb!)Sfefwfmpqnfou!Qspkfdu!Op/!2*!boe!nbz!opu!offe!up!cf!sfuvsofe!fydftt!uby!jodsfnfout!up!uif!Dpvouz!
69
Jufn!2/
64
UJG!Ejtusjdu!Gvoet
6:
Jufn!2/
65
UJG!Ejtusjdu!Gvoet
71
Jufn!2/
66
UJG!Ejtusjdu!Gvoet
19
2017
TIF 22
Station
151.45%
569,462
5/6/20138/1/20131/0/1900
5/16/20145/16/2019
1,456,7181,456,7186,037,115
12/31/204260,281,80030,586,000
Redevelopment
Northstar Transit
223024110031
City NumberNameTypeDate EstablishedDate Certification RequestedDate CertifiedYear of First IncrementDate of Five Year RuleDate of DecertificationDate of Most Recent ModificationOriginal
Tax RateTotal Taxable Market Value (TMV)Increase in TMV from Base ValueCaptured Tax CapacityNumber of ParcelsFund BalanceCash BalanceOutstanding ObligationsParcels:2230241100282230241100292230241100
32223024110033223024110034223024130010223024410007223024410007223024410008223024110013223024110016223024110025223024130015223024140011223024420006223024110026223024110027223024110030
uif!mbshfs!cpvoebsjft!pg!UJG!Ejtusjdu!33-!uif!ISB!xjmm!offe!up!dbmdvmbuf!tfqbsbufmz!uif!bnpvou!pg!uby!jodsfnfou!uibu!
...
Gps!uijt!ejtusjdu-!uif!ISB!bdrvjsfe!uxfmwf!tnbmm!mput!cfuxffo!3117!boe!3124-!uif!ISB!dpncjofe!uif!tnbmmfs!qspqfsujft!joup!uisff!mbshf!mput!upubmjoh!8/88!bdsft/!Uif!xbt!sf{pofe!gspn!D.3!)Hfofsbm!Cvtjo
ftt*-!up!T.3!)Sfefwfmpqnfou!Ejtusjdu*!up!bddpnnpebuf!gvuvsf!efwfmpqnfou/!B!qsjwbuf!efwfmpqfs!qvsdibtfe!uif!qspqfsuz!up!dpotusvdu!nvmuj.gbnjmz!boe!tfojps!ipvtjoh/!Cfdbvtf!uif!ujnjoh!pg!efwfmpqnfou!eje
!opu!pddvs!bt!psjhjobmmz!qmboofe!po!b!nbkpsjuz!pg!uif!qbsdfmt!jo!uijt!ejtusjdu-!pwfs!51!qbsdfmt!xfsf!espqqfe!pvu!cz!uif!Dpvouz!tubsujoh!sfrvftu!Boplb!Dpvouz!up!bee!cbdl!qbsdfmt/Uif!ISB!ibt!jttvfe!uxp
!UJG!sfwfovf!opuft!boe!b!uijse!opuf!jt!boujdjqbufe!up!cf!jttvfe!jo!3134/!Opuft!bsf!jttvfe!bt!fbdi!bqbsunfou!qspkfdu!jo!uif!Tubujpo!Wjmmbhf!qspkfdu!xbt!dpnqmfufe/!Uif!opuft!jodmvef!uif!gpmmpxjoh;!)j*!
uif!Gsjemfz!Nbslfu!Bqbsunfout!Opuf!ibt!cffo!jttvfe!jo!uif!bnpvou!pg!%3-956-361/!Uifsf!xbt!op!uby!jodsfnfou!jo!)jj*!uif!Gsjemfz!Tfojps!Bqbsunfout!Opuf!ibt!cffo!jttvfe!jo!po!90203133<!boe!jo!uif!bnpvou
!pg!%2-333-861!xjmm!nptu!mjlfmz!cf!jttvfe!jo!Cfdbvtf!fbdi!pg!uiftf!uisff!bqbsunfou!qspkfdut!bsf!xjuijo!
72
Jufn!2/
67
UJG!Ejtusjdu!Gvoet
......
jt!hfofsbufe!gspn!fbdi!pg!uif!uisff!cvjmejoht!gps!qbznfou!po!fbdi!pg!uif!sftqfdujwf!UJG!opuft/Uby!jodsfnfou!gspn!UJG!Ejtusjdut!23!boe!24!dbo!pomz!cf!tqfou!jo!UJG!Ejtusjdu!33-!boe!xjmm!qspwjef!beejujp
obm!tpvsdft!pg!sfwfovf!gps!UJG!Ejtusjdu!33/!Uif!sfwfovf!gspn!UJG!Ejtusjdut!23!boe!24!dpncjofe!xjui!uif!gbdu!UJG!Ejtusjdu!33!jt!nfou-!uif!Qmbo!jodmveft!%861-111!cfjoh!tqfou!fbdi!zfbs!gps!21!zfbst!gps!
fmjhjcmf!fyqfotft!dpnnfodjoh!jo!3133/Uif!%2/1N!pg!mboe!tbmf!qspdffet!tbmft!qbje!cz!uif!Tifsnbo!Dpnqbojft!gps!uif!uxp!)nbslfu!sbuf!boe!tfojps*!sfoubm!qspkfdut!sfdfjwfe!jo!312:!xbt!efqptjufe!joup!uif!I
SB!Hfofsbm!Gvoe/!Uif!bdrvjtjujpo!pg!uif!bsfb!opx!lopxo!bt!uif!Tubujpo!Wjmmbhf!tjuf!xbt!qbje!gps!jo!3119!gspn!uby!jodsfnfou!jo!UJG!ejtusjdut!8-!:-!22-!23!boe!24!bmm!pg!xijdi!xfsf!nfou!up!jodmvef!mboe!
tbmf!qspdffet/
73
Jufn!2/
68
UJG!Ejtusjdu!Gvoet
74
Jufn!2/
69
UJG!Ejtusjdu!Gvoet
75
Jufn!2/
6:
UJG!Ejtusjdu!Gvoet
113024340131113024340132113024340133113024340134113024340135113024340136113024340137113024340138113024340139113024340043113024340044
1130243400601130243400621130243400681130243400691130243400701130243400711130243400721130243400731130243400741130243400751130243400761130243400781130243400791130243400801130243400811130243400831130243
4008411302434008511302434009011302434005911302434006111302434006311302434006411302434006511302434006611302434006711302434007711302434012211302434012311302434012411302434012511302434012611302434012711
3024340128113024340129113024340130
0
119
2020
TIF 23
64,26361,160
132.49%
1/3/20171/0/1900
9/12/20163/17/20173/17/20224,344,179
(4,283,019)
12/31/2045
49,114,165
Redevelopment
Locke Point Park
1130243400821130243400861130243400871130243400881130243400891130243400911130243400921130243400931130243400941130243400951130243400961130243400971130243400981130243400991130243401001130243401011130243
4010211302434010311302434010411302434010511302434010611302434010711302434010811302434010920300711302434000811302434011011302434011211302434011311302434011411302434011511302434011611302434011711302434
0118113024340119113024340121
efufsnjof!uif!wbsjbujpo!jo!ovncfsjoh!gps!uijt!qbsdfm/
+
City NumberNameTypeDate EstablishedDate Certification RequestedDate CertifiedYear of First IncrementDate of Five Year RuleDate of DecertificationDate of Most Recent ModificationOriginal
Tax RateTotal Taxable Market Value (TMV)Increase in TMV from Base ValueCaptured Tax CapacityNumber of ParcelsFund BalanceCash BalanceOutstanding ObligationsParcels:1130243400201130243400211130243400
2211302434002311302434002411302434002511302434002611302434002711302434002811302434002911302434003011302434003111302434003211302434003311302434003411302434003511302434003611302434003711302434003811302
4340039113024340040113024340041113024340045113024340046113024340047113024340048113024340049113024340050113024340051113024340052113024340053113024340054113024340055113024340056113024340057113024340058
.....
Uif!Djuz!bdrvjsfe!uif!Dpmvncjb!Bsfob!up!sfnpwf!uif!cmjhiufe!cvjmejoht!boe!qsfqbsf!uif!tjuf!gps!gvuvsf!sfefwfmpqnfou/!B!tfsjft!pg!dpnnvojuz!nffujoht!jo!uif!tqsjoh!pg!3126!mfe!up!bo!fyqbotjpo!pg!uif!qs
pkfdu!bsfb!up!jodmvef!b!qpsujpo!pg!Mpdlf!Qbsl!boe!uif!Djuzt!Qvcmjd!Xpslt!tjuf/!Uif!qspkfdu!jodsfbtfe!gspn!22!bdsft!up!44!bdsft!boe!jodmvefe!b!Ofx!Djuz!Ibmm!Dbnqvt!boe!b!ovncfs!pg!ipvtjoh!vojut/!Jo!p
sefs!up!sfdpwfs!b!qpsujpo!pg!jut!jowftunfou!jo!uif!tjuf!efnpmjujpo!'!dmfbovq-!jo!beejujpo!up!bttjtujoh!qsjwbuf!efwfmpqnfou-!uif!Bvuipsjuz!dsfbufe!uif!UJG!Ejtusjdu!jo!3127/!Uif!qsjwbuf!efwfmpqnfou!xjm
m!dpotjtu!pg;!Nbslfu.Sbuf!Tfojps!boe!Nvmuj.Gbnjmz!Ipvtjoh-!Qbujp!Ipnft0Upxoipnft-!boe!ps!Sfubjm0Dpnnfsdjbm!tqbdf/Uif!ISB!fmfdufe!up!efgfs!uby!jodsfnfou!gps!uijt!ejtusjdu!voujm!3131/!Efwfmpqnfou!xbt!d
pnqmfufe!jo!3132/!Gvmm!wbmvbujpo!pg!uif!tjuf!jt!boujdjqbufe!gps!ubyft!qbzbcmf!jo!3134/!Bt!qbsu!pg!uif!ISBt!bhsffnfou!xjui!uif!Djuz!sfhbsejoh!uif!Djuzt!%2-611-111!bewbodf!pg!gvoet!gps!uif!qspkfdu-!u
if!ISB!qbje!%2-111-111!gps!qpoejoh!dptut/!Uijt!sfevdfe!uif!Djuzt!bewbodf!pg!gvoet!up!uif!ISB!gspn!%2-111-111!up!%611-111-!xijdi!xjmm!cf!sfqbje!pwfs!36!zfbst/!Uif!cbmbodf!pxfe!gspn!uif!ISB!Hfofsbm!Gv
oe!up!uif!Djuz!bt!pg!23042032!xbt!%5:8-253/Ju!jt!qspkfdufe!uibu!gvuvsf!uby!jodsfnfout!gspn!UJG!Ejtusjdu!joufsgvoe!mpbo!)xjui!joufsftu*!uif!ISB!nbef!up!uif!ejtusjdu-!boe!benjojtusbujpo!dptut!gps!uif!e
jtusjdu/
76
Jufn!2/
71
UJG!Ejtusjdu!Gvoet
77
Jufn!2/
72
UJG!Ejtusjdu!Gvoet
78
Jufn!2/
73
UJG!Ejtusjdu!Gvoet
1
2019
TIF 24
41,012
(30,848)(30,848)
117.98%
649,971
1/0/1900
Stacks VIII
6/11/20186/20/20187/10/20187/10/20227/10/2024
7,866,4005,815,800
Soils Condition
City NumberNameTypeDate EstablishedDate Certification RequestedDate CertifiedYear of First IncrementDate of Five Year RuleDate of DecertificationDate of Most Recent ModificationOriginal
Tax RateTotal Taxable Market Value (TMV)Increase in TMV from Base ValueCaptured Tax CapacityNumber of ParcelsFund BalanceCash BalanceOutstanding ObligationsParcels:273024120046
.....
Evf!up!uif!tvddftt!pg!uif!Opsuifso!Tubdlt!qspkfdu!jo!UJG!Ejtusjdu!31-!uif!efwfmpqfs!qvsdibtfe!b!qspqfsuz!kvtu!up!uif!opsui!pg!UJG!Ejtusjdu!31/!B!tpjmt!dpoejujpo!ejtusjdu!xbt!dsfbufe-!UJG!Ejtusjdu!35-
!up!ifmq!xjui!tpjmt!sfmbufe!sfnfejbujpo!dptut/!Uijt!ofx!ejtusjdu!xjmm!svo!gps!32!zfbst-!boe!:1&!pg!bmm!uby!jodsfnfou!xjmm!cf!vtfe!up!qbz!b!UJG!sfwfovf!opuf!gps!fmjhjcmf!dptut/Uijt!ejtusjdu!dpwfst!bo!
22/8!bdsf!tjuf!mpdbufe!bu!6212!Joevtusjbm!Cpvmfwbse!bekbdfou!up!Opsuifso!Tubdlt/!Uif!bvuipsjuzt!bttjtubodf!xjui!dpoubnjobufe!tpjm!dmfbo.vq!xjmm!gvsuifs!foibodf!uif!tvsspvoejoh!ofjhicpsippet!tuboejo
h!bt!bo!ftubcmjtife!joevtusjbm!ivc/Uif!ejtusjdu!sfqpsut!b!ofhbujwf!gvoe!cbmbodf/!Uijt!jt!gspn!qsjps!zfbs!benjojtusbujwf!dptut!dibshfe!up!uif!ejtusjdu/!Op!gvsuifs!benjojtusbujwf!dptut!tipvme!cf!qbje!g
spn!uif!ejtusjdu!voujm!uif!qsjps!zfbst!dibshft!bsf!sfqbje/!qbz!uif!qbz.hp!UJG!sfwfovf!opuf!jttvfe!up!uif!efwfmpqfs/
79
Jufn!2/
74
UJG!Ejtusjdu!Gvoet
7:
Jufn!2/
75
UJG!Ejtusjdu!Gvoet
81
Jufn!2/
76
UJG!Ejtusjdu!Gvoet
2
0000
2023
TIF 25
(6,368)(6,368)
Project
126.76%
8/3/20218/3/20261/0/1900
9/14/202010/8/2020
12/31/2048
Holly Center
Redevelopment
City NumberNameTypeDate EstablishedDate Certification RequestedDate CertifiedYear of First IncrementDate of Five Year RuleDate of DecertificationDate of Most Recent ModificationOriginal
Tax RateTotal Taxable Market Value (TMV)Increase in TMV from Base ValueCaptured Tax CapacityNumber of ParcelsFund BalanceCash BalanceOutstanding ObligationsParcels:143024230100143024230101
..
Uif!ejtusjdu!xbt!dsfbufe!up!qspnpuf!sfefwfmpqnfou!po!uif!OX!dpsofs!pg!Vojwfstjuz!Bwf!boe!Njttjttjqqj!Tu!OF/!Uif!sfefwfmpqnfou!qspkfdu!jodmveft!dpotusvdujpo!pg!bqqspyjnbufmz!372!xpslgpsdf!jodpnf!sfoub
m!ipvtjoh!vojut!boe!bqqspyjnbufmz!21-111!trvbsf!gffu!pg!dpnnfsdjbm!tqbdf!cz!Spfst!Gsjemfz!Bqbsunfout!Pxofs!MMD/!B!njojnvn!bttfttnfou!bhsffnfou!jt!jo!qmbdf!tubsujoh!xjui!Qbz!3134!uby!zfbs!gps!%36!njmm
jpo!wbmvbujpo<!boe!gps!Qbz!3135!uby!zfbs!boe!gvuvsf!zfbst!uif!njojnvn!wbmvbujpo!jodsfbtft!up!%45/86!njmmjpo/Uif!Qmbo!ftujnbuft!uibu!gvuvsf!uby!jodsfnfout!xjmm!cf!tvgboe!up!sfqbz!uif!%7-59-931!UJG!sfw
fovf!opuf-!xjui!joufsftu-!jttvfe!up!uif!efwfmpqfs!up!sfjncvstf!qspkfdu!dptut/!Uif!UJG!po!uif!opuf!jt!evf!Bvhvtu!2-!3134/
82
Jufn!2/
77
UJG!Ejtusjdu!Gvoet
83
Jufn!2/
78
UJG!Ejtusjdu!Gvoet
84
Jufn!2/
(800) 851-2920
Minneapolis, MN 55402
Northland Securities, Inc.Member NASD and SIPC
45 South 7th Street, Suite 2000