10-2-25-workshop
Housing & Redevelopment Authority
Conference Meeting
October 02, 2025
6:00 PM
Fridley City Hall, 7071 University Avenue N.E.
Agenda
Call to Order
Roll Call
Action Items
Informational Items
1.Review of HRA Financial Management Plan
Adjournment
Accessibility Notice:
If you need free interpretation or translation assistance, please contact City staff.
Si necesita ayuda de interpretación o traducción gratis, comuníquese con el personal de la ciudad.
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neeg ua hauj lwm.
Haddii aad u baahan tahay tarjumaad bilaash ah ama kaalmo tarjumaad,fadlan la xiriir shaqaalaha
Magaalada.
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 CityClerk@FridleyMN.govor (763) 572-3450.
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AGENDA REPORT
Meeting Date:October 2, 2025 Meeting Type:HRA Conference Meeting
Submitted By:Stacy Stromberg, Assistant Executive Director
Title
Review of HRA Financial Management Plan
Background
Annually the Authority reviews itsfund balanceswith financial advisor, Tammy Omdal. On Thursday,
October 2nd, in a 6:00PM work session, shewill provide an overview of the Financial Management Plan.
The Financial Management Planisnot an accounting tool; rather a forward-looking planning tool
providing asnapshot of the balances and obligations for each of the HRA's funds. These projections
assist in guiding the amount of investment the Authority can make in future projects and provide
parameters for investing in new housing programs.
Attachments and Other Resources
HRA Financial Management Plan
Vision Statement
We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses.
2
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Draft as of September 22, 2025
Northland Securities, Inc.
150 South Fifth Street, Suite 3300
Minneapolis, MN 55402
(800) 851-2920
Member NASD and SIPC
Registered with MSRB and SEC
DPOUFOUT
Study Approach ..................................................................................................................1
Using the Plan ....................................................................................................................1
Overview of TIF in Fridley ...................................................................................................2
Summary of TIF Districts ....................................................................................................3
Regulatory Framework .......................................................................................................5
Overall Management Strategy ...........................................................................................7
Statutory Factors ................................................................................................................8
8
8
Pooling8
9
10
10
Figure 1 - Map of Redevelopment Project No. 1 and TIF Districts within Project Area ....11
.........12
....................................................13
Total Combined HRA Funds ..............................................................................................14
Chart 1 - HRA Ending Cash Balance as of December 31, 2024 ....................................14
...............................................15
.............................................16
..............................................................17
Table 5 - Total Combined HRA Funds Pro Forma.........................................................18
HRA General Fund............................................................................................................20
Table 6 - HRA General Fund Pro Forma.......................................................................21
...........................................................................................................22
.....................................................................23
TIF District Summaries.....................................................................................................24
Table 8 - TIF Districts Fund Balances by Purpose........................................................25
Housing Replacement TIF District....................................................................................26
Table 9 - Housing Replacement TIF District Fund Pro Forma......................................27
...........................................................................29
Table 10 - TIF District 6 Fund Pro Forma.....................................................................30
...................................................................................32
Table 11 - TIF District 12 Fund Pro Forma...................................................................33
..........................................................................35
Table 12 - TIF District 13 Fund Pro Forma...................................................................36
..........................................................................................38
Table 13 - TIF District 17 Fund Pro Forma ...................................................................39
.........................................................................................41
Table 14 - TIF District 18 Fund Pro Forma ...................................................................42
........................................................................................44
Table 15 - TIF District 19 Fund Pro Forma ...................................................................45
.....................................47
.........................................................49
.................................................................................51
Table 17 - TIF District 21 Fund Pro Forma ...................................................................52
.........................................................................54
Table 18 - TIF District 22 Fund Pro Forma ...................................................................56
......................................................................................58
Table 19 - TIF District 23 Fund Pro Forma ...................................................................59
................................................................................................61
Table 20 - TIF District 24 Fund Pro Forma ...................................................................62
................................................................................64
Table 21 - TIF District 25 Fund Pro Forma ...................................................................65
.............................................................................................67
Table 22 - TIF District 26 Fund Pro Forma ...................................................................68
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Figure 1
Map of Redevelopment Project No. 1 and TIF Districts within Project Area
Figure 1A
Table 1
City of Fridley Housing and Redevelopment Authority
Summary of Tax Increment Financing (TIF) Districts
TIF District Data as of December 31, 2024
City Number TIF 1TIF 6TIF 12TIF 13TIF 17
NameHousing ReplacementLake Pointe (Medtronics)McGlynn BakeriesSatellite Ln ApartmentsGateway East
TypeUncodified LawRedevelopmentRedevelopmentRedevelopmentRedevelopment
Date Established11/9/199511/18/19851/6/19922/13/199512/11/2000
Date Certification Requested11/16/199512/19/19851/29/19923/21/19953/12/2001
Date Certified7/18/199612/24/19853/5/19926/20/19959/5/2001
Year of First Increment19981987199419982003
Date of Five Year RuleNot applicableNot applicable3/5/19976/20/20009/5/2011
Date of DecertificationNot applicable12/31/202512/31/201912/31/202312/31/2028
Date of Most Recent ModificationNot Applicable12/15/200312/15/200312/15/200312/15/2003
Original Tax RateNot Applicable81.305%0.000%0.000%98.937%
Total Taxable Market Value (TMV)7,255,270 55,900,700 N/AN/A5,811,924
Increase in TMV from Base Value525,920 16,384,500 N/AN/A314,640
Captured Tax Capacity67,295 790,324 N/AN/A54,979
Number of Parcels2160035
Fund Balance330,759 (17,880)0 502,397 (18,463)
Cash Balance330,759 338,542 0 502,397 1,828
Outstanding Obligations0 55,898,749 0 0 20,291
City Number TIF 20TIF 21TIF 22TIF 23TIF 24
RER Project / HSS Sudistrict -
NameGateway NortheastNorthstar Transit StationLocke Point ParkNorthern Stacks VIIIHolly Center Project
TIF 20A
TypeRedevelopmentRedevelopmentRedevelopmentRedevelopmentSoils Condition
Date Established4/9/201210/8/20125/6/20139/12/20166/11/2018
Date Certification Requested12/17/20126/5/20138/1/20131/3/20176/20/2018
Date Certified4/5/20138/7/20135/16/20143/17/20177/10/2018
Year of First Increment20162017201720202019
Date of Five Year Rule4/5/20188/7/20185/16/20193/17/20227/10/2022
Date of Decertification12/31/204112/31/204212/31/204212/31/20457/10/2024
Date of Most Recent ModificationN/AN/AN/AN/AN/A
Original Tax Rate129.928%152.591%151.448%132.488%117.984%
Total Taxable Market Value (TMV)163,278,100 64,154,400 141,627,300 77,901,324 11,559,300
Increase in TMV from Base Value14,228,900 2,494,700 30,586,000 8,740,709 5,815,800
Captured Tax Capacity2,970,234 771,648 1,562,712 267,761 114,870
Number of Parcels1210211201
Fund Balance2,718,596 (1,084,420)4,126,995 (4,096,560)(13,274)
Cash Balance4,846,285 16,526 4,420,358 1,085 35,327
Outstanding Obligations12,539,569 1,100,945 6,774,099 4,100,249 599,664
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Chart 1
HRA Ending Cash Balance ($) as of December 31, 2024
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General Fund,
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11,032,356
12,148,123
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Housing Loan
Fund, 641,367
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ActualEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimated
Fund202420252026202720282029203020312032203320342035
General Fund 12,148,123 12,724,481 13,145,342 13,060,938 12,885,199 12,657,735 12,386,961 12,085,213 11,751,261
Housing Loan 641,367 1,036,109 1,757,104 2,507,397 3,319,082 4,159,144 5,028,473 5,927,988 6,858,636
TIF 1 330,759 398,555 467,028 536,186 606,036 652,297 688,079 712,907 737,984
TIF 6 338,542 393,355 - - - - - - -
TIF 12 - - - - - - - - -
TIF 13 502,397 - - - - - - - -
TIF 17 1,828 - - - - - - - -
TIF 18 1,278 3,103 4,946 - - - - - -
TIF 19 106,044 11,554 11,670 11,787 11,905 12,024 12,144 12,265 12,388
TIF 20 4,846,285 5,890,592 6,687,337 7,452,849 9,030,570 10,589,618 12,145,905 13,699,655 15,251,088
TIF 21 16,526 176,622 544,594 550,040 555,540 561,095 566,706 572,373 578,097
TIF 22 4,420,358 4,755,221 5,058,660 5,362,284 5,665,954 5,969,519 6,272,822 6,575,695 6,877,962
TIF 23 1,085 24,542 25,130 25,593 25,923 26,111 26,150 26,029 25,740
TIF 24 35,327 45,899 56,577 67,362 78,254 89,255 100,366 111,589 122,924
TIF 25 431,928 438,527 445,049 451,490 457,845 464,107 470,271 476,331 482,282
TIF 26 1,460 34,901 78,856 123,372 168,455 214,110 260,345 307,163 354,573
Total HRA Funds 23,823,307 25,933,462 28,282,293 30,149,298 32,804,762 35,395,015 37,958,221 40,507,210 43,052,934
1. Cash includes tax increment funds accounted in the City's governmental funds for debt service reserve for TIF 20 in the (rounded) amount of $624,897 as of 12/31/2024. Adjusting for
this
reserve, the ending cash as of 12/31/2024 is $23,198,410 which is the amount reported in the audited 2024 financial statements.
ActualEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimated
Fund202420252026202720282029203020312032203320342035
General Fund 20,033,081 19,832,943 19,484,796 19,084,608 18,625,272 18,103,849 17,528,375 16,910,791 16,249,459 15,542,676
Housing Loan 4,907,437 5,275,929 5,896,924 6,547,217 7,258,902 7,998,964 8,768,293 9,567,808 10,398,456 11,261,212
TIF 1 330,759 398,555 467,028 536,186 606,036 652,297 688,079 712,907 737,984
TIF 6 (17,880) 58,236 - - - - - - -
TIF 12 - - - - - - - - -
TIF 13 502,397 - - - - - - - -
TIF 17 (18,463) - - - - - - - -
TIF 18 (99,300) (83,973) (37,236) - - - - - -
TIF 19 15,575 11,554 11,670 11,787 11,905 12,024 12,144 12,265 12,388
TIF 20 2,718,596 3,938,264 4,918,453 5,873,830 7,648,061 9,410,497 11,177,290 12,948,914 14,725,847 16,508,564
TIF 21 (1,084,420) (283,530) 544,594 550,040 555,540 561,095 566,706 572,373 578,097
TIF 22 4,126,995 4,429,799 4,733,237 5,036,861 5,340,531 5,644,096 5,947,399 6,250,273 6,552,539
TIF 23 (4,096,560) (4,004,728) (3,908,432) (3,808,432) (3,704,584) (3,596,736) (3,484,732) (3,368,408) (3,247,595) (3,122,117)
TIF 24 (13,274) (2,702) 7,976 18,761 29,653 40,654 51,766 62,988 74,323
TIF 25 76,573 83,172 89,695 96,136 102,490 108,752 114,916 120,977 126,927
TIF 26 (4,659) 34,901 78,856 123,372 168,455 214,110 260,345 307,163 354,573
Total HRA Funds 27,376,857 29,688,420 32,287,561 34,070,366 36,642,261 39,149,602 41,630,580 44,098,052 46,562,998 49,016,478
1. Ending Fund Balance includes tax increment funds accounted in the City's governmental funds for debt service reserve for TIF 20 in the amount of $624,897 as of 12/31/2024. Adjusting
for
this reserve, the ending fund balance as of 12/31/2024 is $26,751,960.
ActualEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimatedEstimated
Fund202420252026202720282029203020312032203320342035
General Fund - - - - - - - - -
Housing Loan - - - - - - - - -
TIF 1 - - - - - - - - -
TIF 6 21,303 - - - - - - - -
TIF 12 - - - - - - - - -
TIF 13 - - - - - - - - -
TIF 17 20,291 - - - - - - - -
TIF 18 100,578 87,076 42,182 - - - - - -
TIF 19 - - - - - - - - -
TIF 20 2,129,569 1,952,328 1,768,884 1,579,019 1,382,509 1,179,121 968,615 750,741 525,241
TIF 21 1,100,946 460,152 - - - - - - -
TIF 22 - - - - - - - - -
TIF 23 4,100,249 4,029,271 3,933,562 3,834,025 3,730,506 3,622,847 3,510,881 3,394,437 3,273,335
TIF 24 - - - - - - - - -
TIF 25 - - - - - - - - -
TIF 26 - - - - - - - - -
Total HRA Funds 7,472,936 6,528,826 5,744,628 5,413,044 5,113,015 4,801,968 4,479,496 4,145,178 3,798,576
*Balances Due to HRA Genral Fund
202420252026202720282029203020312032203320342035
Total Combined HRA Funds
Revenues
Tax increment revenue7,842,7428,095,8667,253,5256,408,1736,355,7166,332,6476,322,9276,312,8396,314,0676,306,6146,305,7576,310,7
Tax levy742,922770,700793,821817,636842,165867,430893,453920,256947,864976,3001,005,5891,035,756
Interest on Interfund Loans349,632348,500348,537317,004284,160250,054225,288213,706201,629189,033177,146166,158
Miscellaneous revenue230,285148,7930000000000
Interest and investment earnings712,996235,607250,429265,949276,964287,742298,054308,123318,076328,018337,860347,676
Loan/advance repayments61,52131,30631,30631,30631,30631,30631,30631,30631,30631,30631,30631,306
Total Revenues 9,940,0989,630,7728,677,6177,840,0697,790,3127,769,1787,771,0287,786,2317,812,941
Expenditures
Land/building acquisition0400,000400,000400,00000000000
Site improvement/preparation costs164,4741,657,4211,150,0001,150,000750,000750,000750,000750,000750,000750,000750,000750,000
Other public improvements54,48666,94666,94666,94620,00020,00020,00020,00020,00020,00020,00020,000
HRA operating expenses924,884952,631981,2091,010,6461,040,9651,072,1941,104,3601,137,4911,171,6151,206,7641,242,9671,280,256
Authority administrative costs for TIF33,574130,389192,689135,437141,858148,597155,670163,093170,884179,061187,644196,652
County administrative costs for TIF11,3269,4497,1296,5285,6565,6565,6565,6565,6565,6565,3365,336
Total Project Expenditures 1,188,7443,216,8362,797,9732,769,5571,958,4791,996,4472,035,6862,076,2402,118,156
Bond principal payments on all other bonds780,000820,000860,000930,000975,0001,025,0001,045,0001,065,0001,085,0001,105,0001,130
Bond principal payments for paygo700,034931,2261,018,5311,070,0531,120,7181,173,7741,229,3361,287,5211,348,4601,412,2801,479,12
Bond interest payments on all other bonds352,288312,288270,288225,538177,913143,288122,588101,48879,98858,08835,73812,219
Bond interest payments for paygo1,611,8501,481,677877,682827,250777,679725,721671,258614,173554,339491,626425,893356,995
Interest payment on interfund loans337,630334,458254,003222,206208,627197,608186,183174,337162,053149,316136,111122,416
Tax increment returned to the county0222,724012,66100000000
Total Expenditures 4,970,5467,319,2096,078,4766,057,2645,218,4165,261,8385,290,0505,318,7585,347,996
Revenues Over (Under) Expenditures 4,969,5522,311,5632,599,1411,782,8042,571,8962,507,3402,480,9782,467,4722,464,946
Other Financing Sources and Uses
Transfer in735,659564,900809,734812,72600000000
Transfer out(735,659)(564,900)(809,734)(812,726)00000000
Sales of property148,92700000000000
Total Other Financing Sources and Uses 148,92700000000000
Net Change in Fund Balance 5,118,4792,311,5632,599,1411,782,8042,571,8962,507,3402,480,9782,467,4722,464,946
Ending Fund Balance 27,376,85729,688,42032,287,56134,070,36636,642,26139,149,60241,630,57944,098,05246,562,997
202420252026202720282029203020312032203320342035
Total Combined HRA Funds
Assets
Cash23,823,30725,933,46228,282,29330,149,29832,804,76235,395,01537,958,22140,507,21043,052,93445,
Receivable - Note4,739,8205,239,8205,139,8205,039,8204,939,8204,839,8204,739,8204,639,8204,539,8204,439,8204,339,8204,239,820
Receivable - Other882,78300000000000
Due from other funds - TIF Loans7,479,0556,528,8265,744,6285,413,0445,113,0154,801,9684,479,4964,145,1783,798,5763,439,2383,066
Land held for resale704,780740,420740,420740,420740,420740,420740,420740,420740,420740,420740,420740,420
Other assets1700000000000
Total Assets37,629,76238,442,52839,907,16141,342,58143,598,01845,777,22347,917,95750,032,62852,131,75054,205,90156,257,41358,53
Liabilities
Due to other funds - TIF Loans7,472,9366,528,8265,744,6285,413,0445,113,0154,801,9684,479,4964,145,1783,798,5763,439,2383,066,6
Due to primary government429,832420,365405,173389,374372,943355,855338,083319,600300,378280,387259,597237,975
Other liabilities and deferred inflows2,350,1371,804,9171,469,7981,469,7981,469,7981,469,7981,469,7981,469,7981,469,7981,469,79
Total Liabilities10,252,9058,754,1087,619,5997,272,2166,955,7566,627,6216,287,3775,934,5765,568,752
Total Fund Balance27,376,85729,688,42032,287,56134,070,36636,642,26139,149,60241,630,58044,098,05246,562,99849,016,47851,461,32
Total Liabilities and Fund Balance37,629,76238,442,52839,907,16141,342,58143,598,01845,777,22347,917,95750,032,62852,131,75054,
Notes:
1. Cash includes tax increment funds accounted in the City's governmental funds for debt service reserve for TIF 20 in the (rounded) amount of $624,897 as of 12/31/2024. Adjusting for
this reserve, the ending cash as of 12/31/2024 is
$23,198,410 which is the amount reported in the audited 2024 financial statements.
2. Ending Fund Balance includes tax increment funds accounted in the City's governmental funds for debt service reserve for TIF 20 in the amount of $624,897 as of 12/31/2024. Adjusting
for this reserve, the ending fund balance as of
12/31/2024 is $26,751,960.
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202420252026202720282029203020312032203320342035
HRA General Fund
Revenues
Tax levy161,729152,700157,281161,999166,859171,865177,021182,332187,802193,436199,239205,216
Interest on Interfund Loans349,632348,500348,537317,004284,160250,054225,288213,706201,629189,033177,146166,158
Miscellaneous revenue66,768148,793
Interest and investment earnings392,458102,500127,245131,453130,609128,852126,577123,870120,852117,513113,838109,828
Total Revenues 970,587752,493633,063610,457581,629550,771528,886519,907510,283499,982490,223481,203
Expenditures
HRA operating expenses924,884952,631981,2091,010,6461,040,9651,072,1941,104,3601,137,4911,171,6151,206,7641,242,9671,280,256
Total Project Expenditures 924,884952,631981,2091,010,6461,040,9651,072,1941,104,3601,137,4911,171,6151,206,7641,242,9671,280,256
Total Expenditures 924,884952,631981,2091,010,6461,040,9651,072,1941,104,3601,137,4911,171,6151,206,7641,242,9671,280,256
Revenues Over (Under) Expenditures 45,703(200,138)(348,147)(400,189)(459,336)(521,423)(575,474)(617,583)(661,333)(706,782)(752,743)(799,053)
Other Financing Sources and Uses
Sales of property148,927
Total Other Financing Sources and Uses 148,92700000000000
Net Change in Fund Balance 194,630(200,138)(348,147)(400,189)(459,336)(521,423)(575,474)(617,583)(661,333)(706,782)(752,743)(799,053)
Ending Fund Balance 20,033,08119,832,94319,484,79619,084,60818,625,27218,103,84917,528,37516,910,79116,249,45915,542,67614,789,93313,990,880
Assets
Cash12,148,12312,724,48113,145,34213,060,93812,885,19912,657,73512,386,96112,085,21311,751,26111,383,82610,982,83710,348,673
Receivable - Note400,0001,000,0001,000,0001,000,0001,000,0001,000,0001,000,0001,000,0001,000,0001,000,0001,000,0001,000,000
Receivable - Other840,044
Due from other funds - TIF Loans7,479,0556,528,8265,744,6285,413,0445,113,0154,801,9684,479,4964,145,1783,798,5763,439,2383,066
Land held for resale621,120659,370659,370659,370659,370659,370659,370659,370659,370659,370659,370659,370
Other assets0
Total Assets21,488,34220,912,67820,549,33920,133,35219,657,58519,119,07318,525,82817,889,76217,209,20716,482,43415,708,90014,88
Liabilities
Due to primary government423,713420,365405,173389,374372,943355,855338,083319,600300,378280,387259,597237,975
Other liabilities and deferred inflows1,031,548659,370659,370659,370659,370659,370659,370659,370659,370659,370659,370659,370
Total Liabilities1,455,2611,079,7351,064,5431,048,7441,032,3131,015,225997,453978,970959,748939,757918,967897,345
Total Fund Balance20,033,08119,832,94319,484,79619,084,60818,625,27218,103,84917,528,37516,910,79116,249,45915,542,67614,789,93
Total Liabilities and Fund Balance21,488,34220,912,67820,549,33920,133,35219,657,58519,119,07318,525,82817,889,76217,209,20716,482,43415,708,90014,888,225
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202420252026202720282029203020312032203320342035
Housing Program Fund 020
Revenues
Tax levy581,193618,000636,540655,636675,305695,564716,431737,924760,062782,864806,350830,540
Miscellaneous revenue163,517
Interest and investment earnings7,88021,23210,36117,57125,07433,19141,59150,28559,28068,58678,21488,173
Loan/advance repayments61,52131,30631,30631,30631,30631,30631,30631,30631,30631,30631,30631,306
Total Revenues 814,111670,538678,207704,513731,685760,061789,329819,515850,648882,756915,870950,019
Expenditures
Land/building acquisition400,000400,000400,000
Site improvement/preparation costs116,747400,000400,000400,000
Other public improvements54,08866,94666,94666,94620,00020,00020,00020,00020,00020,00020,00020,000
Total Expenditures 170,835866,946866,946866,94620,00020,00020,00020,00020,00020,00020,00020,000
Revenues Over (Under) Expenditures 643,276(196,408)(188,739)(162,433)711,685740,061769,329799,515830,648862,756895,870930,019
Other Financing Sources and Uses
Transfer in735,659564,900809,734812,726000
Total Other Financing Sources and Uses 735,659564,900809,734812,72600000000
Net Change in Fund Balance 1,378,935368,492620,995650,293711,685740,061769,329799,515830,648862,756895,870930,019
Ending Fund Balance 4,907,4375,275,9295,896,9246,547,2177,258,9027,998,9648,768,2939,567,80810,398,45611,261,21212,157,08213,087,101
Assets
Cash641,3671,036,1091,757,1042,507,3973,319,0824,159,1445,028,4735,927,9886,858,6367,821,3928,817,2629,847,281
Receivable - Note4,339,8204,239,8204,139,8204,039,8203,939,8203,839,8203,739,8203,639,8203,539,8203,439,8203,339,8203,239,820
Total Assets4,981,1875,275,9295,896,9246,547,2177,258,9027,998,9648,768,2939,567,80810,398,45611,261,21212,157,08213,087,101
Liabilities
Other liabilities73,750
Total Liabilities73,75000000000000
Total Fund Balance4,907,4375,275,9295,896,9246,547,2177,258,9027,998,9648,768,2939,567,80810,398,45611,261,21212,157,08213,087,
Total Liabilities and Fund Balance4,981,1875,275,9295,896,9246,547,2177,258,9027,998,9648,768,2939,567,80810,398,45611,261,21212,157,08213,087,101
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Tax Increment Financing Districts
Fund Balance
Future Ending Fund Balance Estimates for as of Year End
Estimated Ending Fund Balances as of Year End 2024
2035
Excess TIF to be
Excess TIF to be
Funds Available for Returned to Local Total Funds Funds Available for
TIF DistrictReturned to Local
RedevelopmentTaxing AvailableRedevelopment
Taxing Jurisdictions
Jurisdictions
TIF 1 330,759 - 784,861 -
330,759
TIF 6 - - - -
-
TIF 12 - - - -
-
TIF 13 502,397 - - -
502,397
TIF 17 - - - -
-
TIF 18 - - - -
-
TIF 19 15,575 - 12,763 -
TIF 20 - - - -
TIF 21 - - 595,614 -
TIF 22 4,126,995 - 7,453,762 -
TIF 23 - - - -
TIF 24 - - 109,013 -
TIF 25 76,573 - 228,052 -
Total 5,052,299 833,156- 9,184,065-
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.
5. Changes to special legislation that may occur, among any other changages to the statutes that govern the use of tax increme
impact the amounts above for certain districts.
City NumberTIF 1
Housing
Name
Replacement
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TypeUncodified Law
gps!qvsqptf!pg!uif!Qmbo*!jt!b!tdbuufsfe!tjuf!ejtusjdu!gps!vtf!cz!
Date Established11/9/1995
uif!Ipvtjoh!Sfqmbdfnfou!Qsphsbn!)ISQ*/!Podf!b!qbsdfm!
Date Certification Requested11/16/1995
Date Certified7/18/1996
jt!jodmvefe!jo!uif!ejtusjdu-!uif!ISB!dpmmfdut!uby!jodsfnfou!
Year of First Increment1998
gps!b!qfsjpe!pg!26!zfbst/!Uif!jodsfnfou!jt!vtfe!up!ifmq!
Date of Five Year RuleNot applicable
dpwfs!tpnf!pg!uif!dptut!pg!uif!qsphsbn-!)j/f/!bdrvjtjujpo-!
Date of DecertificationNot applicable
Date of Most Recent ModificationNot Applicable
efnpmjujpo-!qspqfsuz!nbjoufobodf!fud*/
Original Tax RateNot Applicable
Total Taxable Market Value (TMV)7,255,270
Tjodf!uif!qsphsbn!psjhjobmmz!cfhbo!jo!2::6-!uif!ISB!ibt!
Increase in TMV from Base Value525,920
bqqspwfe!25!qibtft/!Bt!pg!dvssfou!uby!zfbs!uifsf!bsf!32!
Captured Tax Capacity67,295
qbsdfmt!jodmvefe!jo!uif!ejtusjdu/!Voefs!tqfdjbm!mfhjtmbujpo!
Number of Parcels21
Fund Balance330,759
bqqspwfe!jo!Bqsjm!3121-!uif!Bvuipsjuz!dbo!eftjhobuf!vq!
Cash Balance330,759
up!211!qbsdfmt-!jodmvtjwf!pg!uif!qspqfsujft!bmsfbez!jo!uif!
Outstanding Obligations0
qsphsbn/
Parcels as of 2023 for Tax Year 2024:
033024220069033024230011
Uif!hpbmt!pg!uif!ISQ!jodmvef!fmjnjobujoh!cmjhiufe!boe!
233024230089133024330032
tvctuboebse!ipnft!uispvhi!efnpmjujpo-!up!qsftfswf!boe!
033024230028263024320104
fyqboe!uif!Djuzt!uby!cbtf!uispvhi!ofx!dpotusvdujpo-!boe!
033024230088
up!fodpvsbhf!ofjhicpsippe!sfwjubmj{bujpo!uispvhi!sf.
233024230172
jowftunfou/!Uif!ISB!qvsdibtft!qspqfsujft!po!b!wpmvoubsz!
233024230173
cbtjt-!ejsfdumz!gspn!uif!pxofs!ps!uispvhi!gpsfdmptvsf/!
033024310077
143024140080
Podf!bdrvjsfe-!uif!tusvduvsft!bsf!efnpmjtife!boe!uif!mput!
263024320091
nbz!uifo!cf!tpme!up!qsjwbuf!qbsujft!cvjmejoh!nbslfu!sbuf!
033024230241
tjohmf!gbnjmz!ipnft/
033024230242
033024240001
143024240002
033024230029
Uifsf!bsf!op!nbobhfnfou!jttvft!opufe/!
033024230237
233024220078
Cbtfe!po!bttvnqujpot!gps!gvuvsf!jodsfnfou-!boe!uif!
263024330050
qibtjoh!pvu!pg!fyjtujoh!qspqfsujft!)cbtfe!po!26!zfbs!mjnju*!
233024430049
uif!gvoe!jt!qspkfdufe!up!nbjoubjo!qptjujwf!dbti!boe!gvoe!
cbmbodf!xjui!qspkfdufe!jodsfbtf!jo!cbmbodft!pwfs!uif!
qmboojoh!qfsjpe/!
Table 9
TIF Plan
TIF 1 (Housing Replacement Fund
Prior Years as
Estimates 202420252026202720282029203020312032
of Year 2023
065)
(Budget)
Revenues
Tax increment revenue438,421750,79864,80864,80864,80864,80864,80840,52029,57918,26818,268
Tax levy
Charge for admin to TIF districts
Interest on Interfund Loans98,918
Miscellaneous revenue
Interest and investment earnings10,3053,3083,9864,6705,3626,0606,5236,8817,129
Market Value Homestead Credit23,299
Loan/advance repayments
Lease proceeds
Repayment / return of tax increment
Total Revenues 438,421873,01575,11368,11668,79469,47870,17046,58036,10225,14825,397
Expenditures
Land/building acquisition2,250,000901,929
Site improvement/preparation costs575,000507,477
Utilities125,000
Other public improvements
Construction of affordable housing
Temporary economic development
HRA operating expenses
Authority administrative costs for TIF125,000177,980
County administrative costs for TIF25,9051,563320320320320320320320320
Total Project Expenditures 3,075,0001,613,2911,563320320320320320320320320
Bond principal payments on all other bonds
Bond principal payments for paygo
Bond interest payments on all other bonds
Bond interest payments for paygo
Interest payment on interfund loans
Tax increment returned to the county
Total Expenditures 3,075,0001,613,2911,563320320320320320320320320
Revenues Over (Under) Expenditures(2,636,579)(740,276)73,55067,79668,47469,15869,85046,26035,78224,82825,077
Other Financing Sources and Uses
Transfer in
Transfer out
Bond issued (other than refunding bonds)
Refunding bonds issued
Bonds refunded
Bond discount
Bond premium
Sales of property997,485
Total Other Financing Sources and Uses 0997,485000000000
Net Change in Fund Balance(2,636,579)257,20973,55067,79668,47469,15869,85046,26035,78224,82825,077
Ending Fund Balance(2,636,579)257,209330,759398,555467,028536,186606,036652,297688,079712,907737,984
Table 9
TIF Plan
TIF 1 (Housing Replacement Fund
Prior Years as
Estimates 2024202520262027202820292030203120322033
of Year 2023
065)
(Budget)
Assets
Cash257,209330,759398,555467,028536,186606,036652,297688,079712,907737,984754,628
Property held for resale
Receivable - Note
Receivable - Other3,2576,131
Due from other funds - TIF Loans
Due from other funds - Other
Land held for resale81,05081,05081,05081,05081,05081,05081,05081,05081,05081,05081,050
Other assets
Total Assets341,516417,940479,605548,078617,236687,086733,347769,129793,957819,034835,678
Liabilities
Due to other funds - TIF Loans
Due to primary government
Other liabilities and deferred inflows84,30787,18181,05081,05081,05081,05081,05081,05081,05081,05081,050
Total Liabilities84,30787,18181,05081,05081,05081,05081,05081,05081,05081,05081,050
Total Fund Balance257,209330,759398,555467,028536,186606,036652,297688,079712,907737,984754,628
Total Liabilities and Fund Balance341,516417,940479,605548,078617,236687,086733,347769,129793,957819,034835,678
Fund Balance by Purpose
To be returned to County / Excess TIF
Available for redevelopment projects257,209330,759398,555467,028536,186606,036652,297688,079712,907737,984754,628
Available for other purpose auth by special legislation
Available for pledge to general obligation bonds
Available for affordable housing projects
Available for other purposes / to be reimbursed from TIF00000000000
Total Fund Balance257,209330,759398,555467,028536,186606,036652,297688,079712,907737,984754,628
Total amount of bonds authorized/issued*0
Total amount of bonds outstanding
*Actual amounts may exceed authorized in this report due to capitalized interest, estimates come from the amortization schedules for the obligations
City NumberTIF 6
Lake Pointe
Name
(Medtronics)
Ejtusjdu!7!xbt!psjhjobmmz!ftubcmjtife!gps!uif!tjuf!pg!
TypeRedevelopment
Nfeuspojd!Dpsqpsbuf!Ifbervbsufs!dbnqvt/!Uif!dpsqpsbuf!
Date Established11/18/1985
Date Certification Requested12/19/1985
Date Certified12/24/1985
Dpsqpsbuf!Ifbervbsufst-!Ofvspmphjdbm!Cvjmejoh-!sftfbsdi!
Year of First Increment1987
gbdjmjuz-!qbsljoh!tusvduvsf-!fevdbujpo!dfoufs-!boe!ebzdbsf!
Date of Five Year RuleNot applicable
Date of Decertification12/31/2025
gbdjmjuz/
Date of Most Recent Modification12/15/2003
Original Tax Rate81.31%
B!36!zfbs!tqfdjbm!mfhjtmbujpo!sfefwfmpqnfou!uby!jodsfnfou!
Total Taxable Market Value (TMV)55,900,700
Increase in TMV from Base Value16,384,500
Captured Tax Capacity790,324
dmfbs!boe!qsfqbsf!uif!tjuf!gps!sfefwfmpqnfou!jo!2::9/
Number of Parcels6
Fund Balance(17,880)
Uif!ISB!qspwjefe!sfefwfmpqnfou!bttjtubodf!up!ifmq!
Cash Balance338,542
qbz!gps!Nfeuspojdt!tusvduvsfe!qbsljoh!boe!puifs!tjuf!
Outstanding Obligations55,898,749
Parcels as of 2023 for Tax Year 2024:
sfmbufe!fyqfotft!)%38-115-549*/!Nfeuspojd!bhsffe!up!
233024410030
qbz!%6-111-111!gps!uif!mboe/!Bt!qbsu!pg!uif!efwfmpqnfou!
233024410031
bhsffnfou-!Nfeuspojd!jt!sfjncvstfe!pwfs!uif!mjgf!pg!uif!
233024410034
uby!jodsfnfou!ejtusjdu/!Uif!ISB!qbzt!Nfeuspojd!bo!bnpvou!
233024420041
frvbm!up!:1&!pg!uif!boovbm!uby!jodsfnfou/!Bt!qbznfou!
233024420042
gps!uif!mboe-!Nfeuspojd!jt!cjmmfe!uxjdf!qfs!zfbs!)bgufs!uifz!
233024420043
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!
pvutuboejoh!pcmjhbujpot/
Uif!ofhbujwf!gvoe!cbmbodf!jt!evf!up!uif!ujnjoh!pg!uif!
sfdpsejoh!pg!uif!fyqfoejuvsf!gps!qbznfou!po!uif!UJG!
dpmmfdujpo!pg!uby!jodsfnfou/!Uif!Qmbo!qspkfdut!uibu!uif!
ejtusjdu!xjmm!cf!dmptfe!jo!3137!xjui!b!%1!foejoh!cbmbodf-!
bgufs!qbznfou!pg!benjojtusbujwf!dptut/
Table 10
TIF Plan
District 6 (Lake-Pointe-Medtronic
Prior Years as
Estimates 202420252026202720282029203020312032
of Year 2023
Fund 045)
(Budget)
Revenues
Tax increment revenue98,950,00014,820,044744,708744,708
Tax levy
Charge for admin to TIF districts
Interest on Interfund Loans
Miscellaneous revenue
Interest and investment earnings9,900,00076,9933,0603,3853,934000000
Market Value Homestead Credit
Loan/advance repayments
Lease proceeds10,000,0002,888
Repayment / return of tax increment
Total Revenues 118,850,00014,899,925747,768748,0933,934000000
Expenditures
Land/building acquisition12,702,81911,272,994
Site improvement/preparation costs12,253,7251,816,555
Utilities3,557,2731,293,773
Other public improvements79,311,0272,202,426
Construction of affordable housing
Temporary economic development
HRA operating expenses
Authority administrative costs for TIF9,900,0001,135,1151,2001,20062,170
County administrative costs for TIF024,491672540
Total Project Expenditures 117,724,84417,745,3541,8721,74062,170000000
Bond principal payments on all other bonds17,901,539
Bond principal payments for paygo--------
Bond interest payments on all other bonds48,000,0003,724,924
Bond interest payments for paygo13,355,750670,237670,237------
Interest payment on interfund loans
Tax increment returned to the county
Total Expenditures 165,724,84452,727,567672,109671,97762,170000000
Revenues Over (Under) Expenditures(46,874,844)(37,827,642)75,65976,116(58,236)000000
Other Financing Sources and Uses
Transfer in5,152,592
Transfer out0
Bond issued (other than refunding bonds)26,981,511
Refunding bonds issued
Bonds refunded
Bond discount
Bond premium
Sales of property5,600,000
Total Other Financing Sources and Uses 037,734,103000000000
Net Change in Fund Balance(46,874,844)(93,539)75,65976,116(58,236)000000
Beginning Fund Balance 0(93,539)(17,880)58,236000000
Ending Fund Balance(46,874,844)(93,539)(17,880)58,2360000000
Table 10
TIF Plan
District 6 (Lake-Pointe-Medtronic
Prior Years as
Estimates 2024202520262027202820292030203120322033
of Year 2023
Fund 045)
(Budget)
Assets
Cash289,725338,542393,3550000000
Property held for resale
Receivable - Note
Receivable - Other
Due from other funds - TIF Loans
Due from other funds - Other
Land held for resale
Other assets
Total Assets289,725338,542393,3550000000
Liabilities
Due to other funds - TIF Loans95,30321,303---------
Due to primary government
Other liabilities287,961335,119335,119
Total Liabilities383,264356,422335,1190000000
Total Fund Balance(93,539)(17,880)58,2360000000
Total Liabilities and Fund Balance289,725338,542393,3550000000
Fund Balance by Purpose
To be returned to County / Excess TIF
Available for redevelopment projects0058,2360000000
Available for other purpose auth by special legislation
Available for pledge to general obligation bonds
Available for affordable housing projects
Available for other purposes / to be reimbursed from TIF(93,539)(17,880)00000000
Total Fund Balance(93,539)(17,880)58,2360000000
Total amount of bonds authorized/issued*40,000,00029,281,84229,281,84229,281,84229,281,84229,281,84229,281,84229,281,84229,281,84229,281,84229,281,84229,281,842
Total amount of bonds outstanding 53,021,49255,898,74959,031,274000
*Actual amounts may exceed authorized in this report due to capitalized interest, estimates come from the amortization schedules for the obligations
City NumberTIF 12
NameMcGlynn Bakeries
Uif!gpsnfs!Qjmmtcvsz.Upujop!gsp{fo!gppe!qmbou!xbt!
TypeRedevelopment
qvsdibtfe!cz!NdHmzoo!Cblfsjft!Jod/!up!cf!dpowfsufe!
Date Established1/6/1992
Date Certification Requested1/29/1992
up!b!cblfsz-!sfubjm!pvumfu-!boe!dpsqpsbuf!ifbervbsufst/!
Date Certified3/5/1992
Up!bddpnnpebuf!uiftf!vtft!uif!cvjmejoh!sfrvjsfe!
Year of First Increment1994
fyufotjwf!sfibcjmjubujpo/!NdHmzoot!jowftunfou!jodmvefe!
Date of Five Year Rule3/5/1997
Date of Decertification12/31/2019
ofx!frvjqnfou!boe!nbdijofsz-!qmvt!up!sfibcjmjubuf!uif!
Date of Most Recent Modification12/15/2003
cvjmejoh/!Uif!npwf!up!Gsjemfz!cspvhiu!fyjtujoh!boe!ofx!
Original Tax Rate0.00%
Total Taxable Market Value (TMV)N/A
kpct/!Uif!gbdjmjuz!xbt!qvsdibtfe!cz!Mpguipvtf!Cblfsz!
Increase in TMV from Base ValueN/A
Qspevdut!Jod!jo!3115/
Captured Tax CapacityN/A
Number of Parcels0
Uif!!ISB!dsfbufe!uif!ejtusjdu!gps!uif!27!bdsf!tjuf!xijdi!
Fund Balance0
Cash Balance0
jodmveft!wbdbou!mboe!up!uif!opsui!pg!uif!cvjmejoh/!B!qbz.hp!
Outstanding Obligations0
sfwfovf!opuf!xbt!jttvfe!up!NdHmzoo!Cblfsjft!up!sfjncvstf!
Parcels as of 2023 for Tax Year 2024:
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!fmjhjcmf!
qspkfdu!dptut!jo!UJG!Ejtusjdu!33-!uif!Opsuitubs!Tubujpo!bsfb/!
Bu!uif!foe!pg!3135!)nptu!sfdfou!bvejufe!zfbs*-!uifsf!xbt!
%1!dbti!xjuijo!UJG!Ejtusjdu!23!boe!uif!gvoe!ibt!cffo!dmptfe/
Table 11
TIF Plan
Prior Years as
Estimates 202420252026202720282029203020312032
TIF 12 (McGlynn Bakeries Fund 048)
of Year 2023
(Budget)
Revenues
Tax increment revenue2,200,0001,284,487
Tax levy
Charge for admin to TIF districts
Interest on Interfund Loans
Miscellaneous revenue
Interest and investment earnings220,00051,799
Market Value Homestead Credit
Loan/advance repayments
Lease proceeds
Repayment / return of tax increment
Total Revenues 2,420,0001,336,286000000000
Expenditures
Land/building acquisition1,550,000175,228
Site improvement/preparation costs380,000290,591
Utilities
Other public improvements131,369398
Construction of affordable housing
Temporary economic development
HRA operating expenses
Authority administrative costs for TIF220,00095,805
County administrative costs for TIF7,391
Total Project Expenditures 2,150,000700,38439800000000
Bond principal payments on all other bonds
Bond principal payments for paygo
Bond interest payments on all other bonds2,895,000
Bond interest payments for paygo635,504
Interest payment on interfund loans
Tax increment returned to the county
Total Expenditures 5,045,0001,335,88839800000000
Revenues Over (Under) Expenditures(2,625,000)398(398)00000000
Other Financing Sources and Uses
Transfer in
Transfer out
Bond issued (other than refunding bonds)
Refunding bonds issued
Bonds refunded
Bond discount
Bond premium
Sales of property
Total Other Financing Sources and Uses 00000000000
Net Change in Fund Balance(2,625,000)398(398)00000000
Ending Fund Balance(2,625,000)398000000000
Table 11
TIF Plan
Prior Years as
Estimates 2024202520262027202820292030203120322033
TIF 12 (McGlynn Bakeries Fund 048)
of Year 2023
(Budget)
Assets
Cash398000000000
Property held for resale
Receivable - Note
Receivable - Other
Due from other funds - TIF Loans
Due from other funds - Other
Land held for resale
Other assets
Total Assets398000000000
Liabilities
Due to other funds - TIF Loans
Due to primary government
Other liabilities0
Total Liabilities0000000000
Total Fund Balance398000000000
Total Liabilities and Fund Balance398000000000
Fund Balance by Purpose
To be returned to County / Excess TIF
Available for redevelopment projects398000000000
Available for other purpose auth by special legislation
Available for pledge to general obligation bonds
Available for affordable housing projects
Available for other purposes / to be reimbursed from TIF0000000000
Total Fund Balance398000000000
Total amount of bonds authorized/issued*2,412,500701,172701,172701,172701,172701,172701,172701,172701,172701,172701,172701,172
Total amount of bonds outstanding
*Actual amounts may exceed authorized in this report due to capitalized interest, estimates come from the amortization schedules for the obligations
City NumberTIF 13
NameSatellite Ln Apartments
Uif!Disjtufotfo!Dspttjoh!efwfmpqnfou!dpotjtut!pg!229!
TypeRedevelopment
sftjefoujbm!vojut/!Tjyuz.gpvs!pg!uif!vojut!bsf!uisff!tupsz!
Date Established2/13/1995
Date Certification Requested3/21/1995
buubdife!Hbcmf!Upxoipnf!vojut/!Uif!sfnbjojoh!65!
Date Certified6/20/1995
vojut!bsf!efubdife!Wjmmbhf!Ipnf!upxoipnf!vojut/!Uijt!
Year of First Increment1998
Date of Five Year Rule6/20/2000
efwfmpqnfou!sfqmbdfe!gpvs!tvc.tuboebse!bqbsunfou!
Date of Decertification12/31/2023
dpnqmfyft/!
Date of Most Recent Modification12/15/2003
Original Tax Rate0.00%
Vqpo!uif!ISBt!sfdpnnfoebujpo-!uif!Djuz!sf{pofe!
Total Taxable Market Value (TMV)N/A
Increase in TMV from Base ValueN/A
uif!efwfmpqnfou!qspqfsuz!xjuijo!uif!ejtusjdu/!Uif!ISB!
Captured Tax CapacityN/A
bdrvjsfe!uif!qspqfsuz-!boe!vqpo!tbujtgbdujpo!pg!dfsubjo!
Number of Parcels0
dpousbduvbm!sfrvjsfnfout-!uif!efwfmpqnfou!qspqfsuz!xbt!Fund Balance502,397
Cash Balance502,397
dpowfzfe!up!uif!efwfmpqfs/!
Outstanding Obligations0
Parcels as of 2023 for Tax Year 2024:
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!fmjhjcmf!
qspkfdu!dptut!jo!UJG!Ejtusjdu!33-!uif!Opsuitubs!Tubujpo!bsfb/!
Bu!uif!foe!pg!3135!)nptu!sfdfou!bvejufe!zfbs*-!uifsf!xbt!
%613-4:8!pg!dbti!xjuijo!UJG!Ejtusjdu!24!)UJG!Ejtusjdu!22!xbt!
dmptfe!jo!3131!boe!UJG!Ejtusjdu!23!Gvoe!xbt!dmptfe!jo!3135*/!
24!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!jo!3136/
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!Ejtusjdu!33/
Uif!Qmbo!ftujnbuft!uibu!uif!sfnbjojoh!gvoet!jo!UJG!Ejtusjdu!
24!xjmm!cf!vtfe!jo!3136!boe!uif!gvoe!dmptfe!jo!3136-!uif!
bduvbm!ujnjoh!pg!vtf!pg!gvoet!nbz!wbsz!gspn!uijt!ftujnbuf/
Table 12
TIF Plan
TIF 13 (Satellite Ln Apartments Fund
Prior Years as
Estimates 202420252026202720282029203020312032
of Year 2023
049)
(Budget)
Revenues
Tax increment revenue1,800,0001,087,915
Tax levy
Charge for admin to TIF districts
Interest on Interfund Loans
Miscellaneous revenue
Interest and investment earnings180,00082,53419,8455,024
Market Value Homestead Credit49,531
Loan/advance repayments
Lease proceeds
Repayment / return of tax increment
Total Revenues 1,980,0001,219,98019,8455,0240000000
Expenditures
Land/building acquisition2,500,000558,062
Site improvement/preparation costs525,0002,66647,727507,421
Utilities
Other public improvements25,000
Construction of affordable housing
Temporary economic development
HRA operating expenses
Authority administrative costs for TIF180,000117,678
County administrative costs for TIF11,195100
Total Project Expenditures 3,230,000689,60147,827507,4210000000
Bond principal payments on all other bonds
Bond principal payments for paygo
Bond interest payments on all other bonds4,575,000
Bond interest payments for paygo
Interest payment on interfund loans
Tax increment returned to the county
Total Expenditures 7,805,000689,60147,827507,4210000000
Revenues Over (Under) Expenditures(5,825,000)530,379(27,982)(502,397)0000000
Other Financing Sources and Uses
Transfer in
Transfer out
Bond issued (other than refunding bonds)
Refunding bonds issued
Bonds refunded
Bond discount
Bond premium
Sales of property
Total Other Financing Sources and Uses 00000000000
Net Change in Fund Balance(5,825,000)530,379(27,982)(502,397)0000000
Ending Fund Balance(5,825,000)530,379502,39700000000
Table 12
TIF Plan
TIF 13 (Satellite Ln Apartments Fund
Prior Years as
Estimates 2024202520262027202820292030203120322033
of Year 2023
049)
(Budget)
Assets
Cash530,877502,397000000000
Property held for resale
Receivable - Note
Receivable - Other12
Due from other funds - TIF Loans
Due from other funds - Other
Land held for resale
Other assets
Total Assets530,889502,397000000000
Liabilities
Due to other funds - TIF Loans
Due to primary government
Other liabilities510
Total Liabilities5100000000000
Total Fund Balance530,379502,397000000000
Total Liabilities and Fund Balance530,889502,397000000000
Fund Balance by Purpose
To be returned to County / Excess TIF
Available for redevelopment projects530,379502,397000000000
Available for other purpose auth by special legislation
Available for pledge to general obligation bonds
Available for affordable housing projects
Available for other purposes / to be reimbursed from TIF00000000000
Total Fund Balance530,379502,397000000000
Total amount of bonds authorized/issued*3,812,000162,000162,000162,000162,000
Total amount of bonds outstanding
*Actual amounts may exceed authorized in this report due to capitalized interest, estimates come from the amortization schedules for the obligations
City NumberTIF 17
NameGateway East
Uif!ejtusjdu!xbt!ftubcmjtife!up!usbotgpsn!b!gpsnfs!
TypeRedevelopment
dpnnfsdjbm!bsfb!joup!b!wjbcmf!sftjefoujbm!efwfmpqnfou/!Uif!
Date Established12/11/2000
sfefwfmpqnfou!qspkfdu!sfqmbdfe!b!qbxotipq-!bvupnpujwf!
Date Certification Requested3/12/2001
Date Certified9/5/2001
sfqbjs!tipq-!evqmfy-!boe!uxp!wbdbou!mput!xjui!b!46.voju!
Year of First Increment2003
upxoipnf!dpnqmfy/!Uif!dpnqmfy!xbt!dpnqmfufe!jo!
Date of Five Year Rule9/5/2011
3113/!Up!bdijfwf!uif!eftjsfe!ipvtjoh!efotjuz!boe!dsfbuf!b!
Date of Decertification12/31/2028
Date of Most Recent Modification12/15/2003
sftjefoujbm!dibsbdufs-!wbdbujpo!pg!qpsujpot!pg!uif!Vojwfstjuz!
Original Tax Rate98.94%
Tfswjdf!Spbe!boe!68ui!Qmbdf!xfsf!dpnqmfufe/
Total Taxable Market Value (TMV)5,811,924
Increase in TMV from Base Value314,640
Captured Tax Capacity54,979
Number of Parcels35
Fund Balance(18,463)
Uif!ejtusjdu!jt!ftujnbufe!up!ibwf!b!ofhbujwf!foejoh!gvoe!
Cash Balance1,828
cbmbodf!pg!ofhbujwf!bt!pg!zfbs.foe!3134/!Uif!ejtusjdu!ibt!
Outstanding Obligations20,291
pof!pvutuboejoh!pcmjhbujpo-!bo!joufsgvoe!mpbo!qbzbcmf!up!
Parcels as of 2023 for Tax Year 2024:
uif!ISB!Hfofsbm!Gvoe/
233024240169233024240187
233024240170233024240188
Uif!Qmbo!qspkfdut!uif!joufsgvoe!mpbo!xjmm!cf!sfqbje!jo!3136/!
233024240171233024240189
Jg!uijt!ibqqfot!bt!qspkfdufe-!uif!ISB!xjmm!offe!up!efdfsujgz!
233024240172233024240190
uif!ejtusjdu!fbsmz!jo!zfbs!3136-!xjui!boujdjqbujpo!pg!sfuvso!
233024240173233024240191
pg!fydftt!uby!jodsfnfout!up!uif!Dpvouz!gps!sfejtusjcvujpo!
233024240174233024240192
up!uif!djuz-!dpvouz-!boe!tdippm!ejtusjdu/!Uif!sfrvjsfe!
233024240175233024240193
233024240176233024240194
233024240177233024240195
Uif!benjojtusbujwf!dptut!dibshfe!up!uif!ejtusjdu!ibwf!
233024240178233024240196
fydffefe!uif!nbyjnvn!bmmpxfe!cz!mbx!)21&!pg!uby!
233024240179233024240197
jodsfnfou*/!Op!gvsuifs!benjojtusbujwf!dptut!dbo!cf!
233024240180233024240198
233024240181233024240199
dibshfe!up!uif!ejtusjdu/
233024240182233024240200
233024240183233024240201
233024240184233024240202
233024240185233024240203
233024240186
Table 13
TIF Plan
Prior Years as
Estimates 202420252026202720282029203020312032
TIF 17 (Gateway East Fund 051)
of Year 2023
(Budget)
Revenues
Tax increment revenue2,000,000742,61754,19954,199
Tax levy
Charge for admin to TIF districts
Interest on Interfund Loans
Miscellaneous revenue
Interest and investment earnings200,00019,62459618
Market Value Homestead Credit42,977
Loan/advance repayments
Lease proceeds
Repayment / return of tax increment
Total Revenues 2,200,000805,21854,79554,2170000000
Expenditures
Land/building acquisition627,500527,592
Site improvement/preparation costs1,000,000280,990
Utilities665,00064,228
Other public improvements253,61034,417
Construction of affordable housing
Temporary economic development
HRA operating expenses
Authority administrative costs for TIF200,000167,065
County administrative costs for TIF11,6961,1991,199
Total Project Expenditures 2,746,1101,085,9881,1991,1990000000
Bond principal payments on all other bonds
Bond principal payments for paygo
Bond interest payments on all other bonds3,819,166
Bond interest payments for paygo
Interest payment on interfund loans16,6353,70412,872-------
Tax increment returned to the county21,683
Total Expenditures 6,565,2761,102,6234,90335,7540000000
Revenues Over (Under) Expenditures(4,365,276)(297,405)49,89218,4630000000
Other Financing Sources and Uses
Transfer in225,000
Transfer out
Bond issued (other than refunding bonds)
Refunding bonds issued
Bonds refunded
Bond discount
Bond premium
Sales of property4,050
Total Other Financing Sources and Uses 0229,050000000000
Net Change in Fund Balance(4,365,276)(68,355)49,89218,4630000000
Ending Fund Balance(4,365,276)(68,355)(18,463)00000000
Table 13
TIF Plan
Prior Years as
Estimates 2024202520262027202820292030203120322033
TIF 17 (Gateway East Fund 051)
of Year 2023
(Budget)
Assets
Cash52,6771,828-00000000
Property held for resale
Receivable - Note
Receivable - Other0
Due from other funds - TIF Loans
Due from other funds - Other
Land held for resale
Other assets
Total Assets52,6771,828000000000
Liabilities
Due to other funds - TIF Loans121,03220,291
Due to primary government
Other liabilities
Total Liabilities121,03220,291000000000
Total Fund Balance(68,355)(18,463)000000000
Total Liabilities and Fund Balance52,6771,828000000000
Fund Balance by Purpose
To be returned to County / Excess TIF
Available for redevelopment projects00000000000
Available for other purpose auth by special legislation
Available for pledge to general obligation bonds
Available for affordable housing projects
Available for other purposes / to be reimbursed from TIF(68,355)(18,463)000000000
Total Fund Balance(68,355)(18,463)000000000
Total amount of bonds authorized/issued*3,182,638824,653824,653824,653824,653824,653824,653824,653
Total amount of bonds outstanding 69,58620,291000000000
*Actual amounts may exceed authorized in this report due to capitalized interest, estimates come from the amortization schedules for the obligations
City NumberTIF 18
NameGateway West
Uif!ejtusjdu!xbt!ftubcmjtife!gps!efwfmpqnfou!pg!27!tjohmf.
TypeRedevelopment
gbnjmz!ipnft/!Uif!ISB!efnpmjtife!fyjtujoh!ipnft!boe!
Date Established8/8/2005
pme!dpnnfsdjbm!qspqfsujft!)Gsbolt!vtfe!dbst!'!Xfsofst!
Date Certification Requested8/23/2005
Date Certified12/29/2006
Gvsojuvsf*/!Uif!ISB!qspwjefe!b!mboe!xsjuf!epxo!tfmmjoh!uif!
Year of First Increment2008
mput!up!b!qsjwbuf!efwfmpqfs/
Date of Five Year Rule12/29/2016
Date of Decertification12/31/2033
Date of Most Recent ModificationN/A
Original Tax Rate92.32%
Total Taxable Market Value (TMV)6,277,986
Uif!ejtusjdu!jt!ftujnbufe!up!ibwf!b!ofhbujwf!foejoh!
Increase in TMV from Base Value443,160
gvoe!cbmbodf!bt!pg!zfbs.foe!3134/!Uif!ejtusjdu!ibt!pof!
Captured Tax Capacity58,347
pvutuboejoh!pcmjhbujpo-!bo!joufsgvoe!mpbo!qbzbcmf!up!uif!
Number of Parcels17
Fund Balance(99,300)
ISB!Hfofsbm!Gvoe/
Cash Balance1,278
Outstanding Obligations100,578
Uif!Qmbo!qspkfdut!uif!joufsgvoe!mpbo!xjmm!cf!sfqbje!jo!3138/!
Parcels as of 2023 for Tax Year 2024:
Jg!uif!mpbo!sfqbznfout!ibqqfot!bt!qspkfdufe!jo!zfbs!3138-!
233024230170
uif!ISB!nvtu!efdfsujgz!uif!ejtusjdu!fbsmz!jo!zfbs!3138!xjui!
233024230165
boujdjqbufe!sfuvso!fydftt!uby!jodsfnfout!up!uif!Dpvouz!
233024220151
gps!sfejtusjcvujpo!up!uif!djuz-!dpvouz-!boe!tdippm!ejtusjdu!jo!
233024220156
233024220157
3144/
233024230158
233024220159
233024220154
233024230176
233024220158
233024220155
233024230157
233024230156
233024230174
233024230164
233024230159
233024230177
Table 14
TIF Plan
Prior Years as
Estimates 202420252026202720282029203020312032
TIF 18 (Gateway West Fund 052)
of Year 2023
(Budget)
Revenues
Tax increment revenue2,000,000360,03153,67353,67353,67353,673
Tax levy
Charge for admin to TIF districts
Interest on Interfund Loans
Miscellaneous revenue
Interest and investment earnings20,0005,961578133149
Market Value Homestead Credit2,318
Loan/advance repayments
Lease proceeds
Repayment / return of tax increment
Total Revenues 2,020,000368,31054,25153,68653,70453,72200000
Expenditures
Land/building acquisition1,800,0001,059,456
Site improvement/preparation costs300,000640,166
Utilities100,0002,485
Other public improvements100,0006,371
Construction of affordable housing
Temporary economic development
HRA operating expenses
Authority administrative costs for TIF100,000159,055
County administrative costs for TIF7,623872872872872
Total Project Expenditures 2,400,0001,875,15687287287287200000
Bond principal payments on all other bonds
Bond principal payments for paygo
Bond interest payments on all other bonds1,150,000
Bond interest payments for paygo
Interest payment on interfund loans21,5357,31337,4876,0952,953
Tax increment returned to the county12,661
Total Expenditures 3,550,0001,896,6918,18538,3596,96716,48600000
Revenues Over (Under) Expenditures(1,530,000)(1,528,381)46,06615,32746,73737,23600000
Other Financing Sources and Uses
Transfer in852,6480
Transfer out
Bond issued (other than refunding bonds)
Refunding bonds issued
Bonds refunded
Bond discount
Bond premium
Sales of property530,3670
Total Other Financing Sources and Uses 01,383,015000000000
Net Change in Fund Balance(1,530,000)(145,366)46,06615,32746,73737,23600000
Ending Fund Balance(1,530,000)(145,366)(99,300)(83,973)(37,236)000000
Table 14
TIF Plan
Prior Years as
Estimates 20242025202620272028202920302031203220332034
TIF 18 (Gateway West Fund 052)
of Year 2023
(Budget)
Assets
Cash45,2281,2783,1034,9460000000
Property held for resale
Receivable - Note
Receivable - Other0
Due from other funds - TIF Loans
Due from other funds - Other
Land held for resale2,6102,610
Other assets
Total Assets47,8383,8883,1034,9460000000
Liabilities
Due to other funds - TIF Loans190,594100,57887,07642,182
Due to primary government
Other liabilities2,6102,610
Total Liabilities193,204103,18887,07642,1820000000
Total Fund Balance(145,366)(99,300)(83,973)(37,236)0000000
Total Liabilities and Fund Balance47,8383,8883,1034,9460000000
Fund Balance by Purpose
To be returned to County / Excess TIF
Available for redevelopment projects00000000000
Available for other purpose auth by special legislation
Available for pledge to general obligation bonds
Available for affordable housing projects
Available for other purposes / to be reimbursed from TIF(145,366)(99,300)(83,973)(37,236)0000000
Total Fund Balance(145,366)(99,300)(83,973)(37,236)0000000
Total amount of bonds authorized/issued*750,0001,720,1091,720,1091,720,1091,720,1091,720,1091,720,1091,720,1091,720,1091,720,1091,720,1091,720,1091,720,109
Total amount of bonds outstanding 146,265100,57887,07642,1820000000
*Actual amounts may exceed authorized in this report due to capitalized interest, estimates come from the amortization schedules for the obligations
City NumberTIF 19
NameMain Street NE
Uif!ejtusjdu!xbt!ftubcmjtife!up!bttjtu!xjui!uif!efwfmpqnfou!
TypeRedevelopment
Date Established2/26/2007
tqbdf/!Joevtusjbm!Frvjujft!xbt!uif!efwfmpqfs!pg!uif!qspkfdu/
Date Certification Requested5/17/2007
Date Certified9/25/2007
Uif!ISB!qspwjefe!uif!efwfmpqfs!xjui!b!%2-611-111!qbz.
Year of First Increment2009
Date of Five Year Rule9/25/2017
hp!UJG!sfwfovf!opuf!gps!efnpmjujpo!pg!fyjtujoh!cvjmejoh-!
Date of Decertification12/31/2034
sfnpwbm!pg!sbjmspbe!tqvs-!sfnpwbm!pg!pme!upsobep!efcsjt!
Date of Most Recent ModificationN/A
cvsjfe!po!uif!tjuf-!cfmpx!hsbef!tupsnxbufs!qpoejoh!boe!
Original Tax Rate86.50%
Total Taxable Market Value (TMV)13,982,300
Increase in TMV from Base Value2,318,900
Captured Tax Capacity233,268
Number of Parcels1
Fund Balance15,575
Uif!ejtusjdu!jt!ftujnbufe!up!ibwf!b!qptjujwf!foejoh!
Cash Balance106,044
Outstanding Obligations1,392,577
gvoe!cbmbodf!bt!pg!zfbs.foe!3135/!Uif!ejtusjdu!ibt!pof!
Parcels as of 2023 for Tax Year 2024:
pvutuboejoh!pcmjhbujpo-!uif!UJG!sfwfovf!opuf/
273024140006
Efdfncfs!42-!3145/
xjmm!ibwf!gvoet!bwbjmbcmf!up!cf!tqfou!)qppmfe*!xjuijo!
uif!Qspkfdu!Bsfb!)Sfefwfmpqnfou!Qspkfdu!Op/!2*!ps!up!
cf!sfuvsofe!up!uif!Dpvouz!gps!sfejtusjcvujpo/!Uif!Qmbo!
boujdjqbuft!sfuvso!pg!gvoet!up!uif!Dpvouz-!xijdi!jt!tvckfdu!
up!sfwjfx!cz!uif!ISB/
Table 15
TIF Plan
Prior Years as
Estimates 202420252026202720282029203020312032
TIF 19 (Main Street NE Fund 053)
of Year 2023
(Budget)
Revenues
Tax increment revenue5,000,0001,888,628201,041201,041
Tax levy
Charge for admin to TIF districts
Interest on Interfund Loans
Miscellaneous revenue
Interest and investment earnings50,0005,52301,060116117118119120121123
Market Value Homestead Credit
Loan/advance repayments
Lease proceeds
Repayment / return of tax increment
Total Revenues 5,050,0001,894,151201,041202,101116117118119120121123
Expenditures
Land/building acquisition600,000
Site improvement/preparation costs900,000
Utilities
Other public improvements550,000
Construction of affordable housing
Temporary economic development
HRA operating expenses
Authority administrative costs for TIF500,000189,8644,5304,500
County administrative costs for TIF6,958581581
Total Project Expenditures 2,550,000196,8225,1115,0810000000
Bond principal payments on all other bonds
Bond principal payments for paygo122,42979,271--------
Bond interest payments on all other bonds2,500,000
Bond interest payments for paygo1,574,318101,666--------
Interest payment on interfund loans
Tax increment returned to the county201,041
Total Expenditures 5,050,0001,893,569186,048206,1220000000
Revenues Over (Under) Expenditures 058214,993(4,021)116117118119120121123
Other Financing Sources and Uses
Transfer in
Transfer out
Bond issued (other than refunding bonds)
Refunding bonds issued
Bonds refunded
Bond discount
Bond premium
Sales of property
Total Other Financing Sources and Uses 00000000000
Net Change in Fund Balance 058214,993(4,021)116117118119120121123
Ending Fund Balance 058215,57511,55411,67011,78711,90512,02412,14412,26512,388
Table 15
TIF Plan
Prior Years as
Estimates 2024202520262027202820292030203120322033
TIF 19 (Main Street NE Fund 053)
of Year 2023
(Budget)
Assets
Cash72,974106,04411,55411,67011,78711,90512,02412,14412,26512,38812,512
Property held for resale
Receivable - Note
Receivable - Other
Due from other funds - TIF Loans
Due from other funds - Other
Land held for resale
Other assets
Total Assets72,974106,04411,55411,67011,78711,90512,02412,14412,26512,38812,512
Liabilities
Due to other funds - TIF Loans
Due to primary government
Other liabilities72,39290,4690000
Total Liabilities72,39290,469000000000
Total Fund Balance58215,57511,55411,67011,78711,90512,02412,14412,26512,38812,512
Total Liabilities and Fund Balance72,974106,04411,55411,67011,78711,90512,02412,14412,26512,38812,512
Fund Balance by Purpose
To be returned to County / Excess TIF
Available for redevelopment projects58215,57511,55411,67011,78711,90512,02412,14412,26512,38812,512
Available for other purpose auth by special legislation
Available for pledge to general obligation bonds
Available for affordable housing projects
Available for other purposes / to be reimbursed from TIF00000000000
Total Fund Balance58215,57511,55411,67011,78711,90512,02412,14412,26512,38812,512
Total amount of bonds authorized/issued*2,000,0001,500,0001,500,0001,500,0001,500,0001,500,0001,500,0001,500,0001,500,0001,500,0001,500,0001,500,000
Total amount of bonds outstanding 1,471,8481,392,5770000
*Actual amounts may exceed authorized in this report due to capitalized interest, estimates come from the amortization schedules for the obligations
City NumberTIF 20
RER Project / HSS
Name
Sudistrict - TIF 20A
Uijt!dpnqmfy!sfefwfmpqnfou!qspkfdu!xbt!gps!Opsuifso!
TypeRedevelopment
Tubdlt!tjuf/!Jo!2:51!uif!OJSPQ!Qmbou!xbt!dpotusvdufe!up!
Date Established4/9/2012
qspevdf!xfbqpo!tztufnt!gps!obwbm!tijqt!xjui!uif!potfu!
Date Certification Requested12/17/2012
Date Certified4/5/2013
pg!Xpsme!Xbs!JJ/!Nboz!difnjdbmt!xfsf!vtfe!bmpoh!xjui!uif!
Year of First Increment2016
pqfsbujpot/!Uif!qspqfsuz!xbt!pxofe!cz!uif!hpwfsonfou!
Date of Five Year Rule4/5/2018
boe!pqfsbufe!cz!Opsuifso!Psejobodf-!Jod/!boe!mbufs!cz!
Date of Decertification12/31/2041
Date of Most Recent ModificationN/A
GND!Dpsqpsbujpo-!Vojufe!Efgfotf-!boe!uifo!CBF!Tztufnt/
Original Tax Rate129.93%
Total Taxable Market Value (TMV)163,278,100
Jo!2:99-!b!sfnfejbm!jowftujhbujpo!boe!gfbtjcjmjuz!tuvez!
Increase in TMV from Base Value14,228,900
joejdbufe!uibu!hspvoexbufs!dpoubnjobufe!xjui!UDF!gspn!
Captured Tax Capacity2,970,234
Number of Parcels12
Fund Balance2,718,596
uif!233.bdsf!qspqfsuz!xbt!tpme!up!FMU!Njoofbqpmjt!MMD/!Jo!
Cash Balance4,846,285
3124-!uif!qspqfsuz!xbt!tpme!up!uif!dvssfou!pxofs-!Gsjemfz!
Outstanding Obligations12,539,569
Mboe!MMD!boe!uif!qspqfsuz!xbt!sfefwfmpqfe!bt!b!ofx!
Parcels as of 2023 for Tax Year 2024:
273024130004
boe!npefso!dpnnfsdjbm!cvtjoftt!qbsl/!Uif!fyjtujoh!CBF!
273024130005
cvjmejoh!uibu!sfnbjot!xbt!vqebufe!xjui!b!ofx!npefso!
273024240002
fyufsjps/!
273024310002
273024420004
UJG!bttjtubodf!xbt!qspwjefe!up!uif!efwfmpqfs!up!sfjncvstf!
273024420009
fyusbpsejobsz!efwfmpqnfou!dptut-!jodmvejoh!dpssfdujpo!
273024420010
pg!tpjmt/!Uif!Djuz!jttvfe!hfofsbm!pcmjhbujpo!UJG!cpoet!up!
273024420011
273024420012
Tfsjft!3131B*/!Uif!cpoet!xjmm!cf!sfqbje!gspn!uby!jodsfnfou!
273024420013
gspn!uif!ejtusjdu/!Jo!beejujpo!up!uif!qbz.hp!pcmjhbujpo!up!
273024420014
uif!efwfmpqfs!boe!uif!hfofsbm!pcmjhbujpo!cpoet-!uif!ISB!
273024430002
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!
Efwfmpqnfou!pg!uif!tjuf!jt!dpnqmfuf/!Qspdffet!gspn!uif!
Tvcejtusjdu!xjuijo!UJG!Ejtusjdu!31/!Gps!qvsqptft!pg!boovbm!
cpoet!jttvfe!bu!uif!foe!pg!312:!boe!cfhjoojoh!pg!3131!
bsf!dpncjofe!bt!pof!ejtusjdu/!Cfdbvtf!uif!ejtusjdut!bsf!
boovbm!cpoe!qbznfout!xjmm!cf!nbef!gspn!903131!up!
dpncjofe!gps!sfqpsujoh!qvsqptft!up!uif!Tubuf!Bvejups-!uif!
303146/!Pwfs!uif!evsbujpo!pg!uif!ejtusjdu-!uby!jodsfnfou!
ejtusjdut!bsf!bmtp!dpncjofe!jo!uijt!epdvnfou/
jt!qspkfdufe!up!fydffe!uif!bnpvout!sfrvjsfe!gps!efcu!
tfswjdf!boe!benjojtusbujwf!dptut/!Uby!jodsfnfou!xjuijo!cf!usbotgfssfe!qvstvbou!up!uif!tqfdjbm!mfhjtmbujpo/!Uif!
uif!UJG!Ejtusjdu!jt!qmfehfe!up!uif!sfqbznfou!pg!uif!Tfsjft!bvuipsjuz!up!usbotgfs!gvoet!voefs!uijt!tqfdjbm!mfhjtmbujpo!
312:B!boe!3131B!Cpoet/!Gjobm!qbznfou!po!uif!Tfsjft!fyqjsft!Efdfncfs!42-!3138/
3131B!Cpoet!jt!30203137/!Uijt!ejtusjdu!boe!tvc.ejtusjdu!bsf!
Tfsjft!312:B!Cpoet!po!30203139-!jodmvejoh!nbuvsjujft!
313:!uispvhi!3146!jo!uif!qsjodjqbm!bnpvou!pg!%8-716-111/!
Vqpo!sfqbznfou!pg!uif!Tfsjft!312:B!boe!3131B!Cpoet-!
uif!ISB!nbz!offe!up!efdfsujgz!UJG!Ejtusjdu!31!boe!sfuvso!
fydftt!uby!jodsfnfou!up!uif!Dpvouz!gps!sfejtusjcvujpo/!Uif!
ujnjoh!xjmm!efqfoe!po!boz!gvuvsf!tqfdjbm!mfhjtmbujpo!uibu!
uif!ISB!nbz!tfdvsf-!tjnjmbs!up!uif!tqfdjbm!mfhjtmbujpo!uibu!
uif!ISB!sfdfjwfe!jo!3134!)tff!cfmpx!gps!efubjmt*/
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/!
Bt!pg!Efdfncfs!42-!3135-!uif!sfnbjojoh!cbmbodf!pg!
ISB!bewbodfe!gps!uif!sfnfejbujpo!dptut!xjui!uif!vtf!pg!
joufsgvoe!mpbot!jt!%3-23:-67:/!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!gps!benjojtusbujwf!dptut!gps!uif!ejtusjdu!!
gspn!uby!jodsfnfout!gspn!uif!ejtusjdu!)vq!up!21&!pg!uif!uby!
jodsfnfou!efsjwfe!gspn!uif!qspqfsuz*/!
Uif!Njooftpub!3134!Uby!Cjmm!jodmvefe!tqfdjbm!mfhjtmbujpo!gps!
UJG!31!)Njooftpub!Tfttjpo!Mbxt!!3134-!Sfhvmbs!Tfttjpo-!
Dibqufs!75-!Bsujdmf!9-!Tfdujpo!22*/!!Gps!qvsqptft!pg!uif!
dpncjofe!boe!sfqpsufe!bt!pof!ejtusjdu/!
tqfdjbm!mfhjtmbujpo!qspwjeft!bvuipsjuz!uibu!vq!up!36&!
pg!uif!dpncjofe!uby!jodsfnfou!efsjwfe!gspn!qspqfsuz!
xjuijo!UJG!Ejtusjdu!31!boe!gspn!uif!tvcejtusjdu!31B!nbz!
Table 16
TIF 20 / 20A (BAE Northern Stacks
TIF Plan
and BAE Subdistrict - Includes HRA
Prior Years as
Estimates 202420252026202720282029203020312032
of Year 2023
Funds 055 and 056; and City Debt
(Budget)
Service Funds 340 and 341)
Revenues
Tax increment revenue56,850,00015,524,9312,999,6422,999,6422,999,6422,999,6422,999,6422,999,6422,999,6422,999,6422,999,6422,999,642
Tax levy
Charge for admin to TIF districts
Interest on Interfund Loans
Miscellaneous revenue
Interest and investment earnings568,50060,527138,08650,00050,00050,00050,00050,00050,00050,00050,000
Market Value Homestead Credit
Loan/advance repayments
Lease proceeds
Repayment / return of tax increment
Total Revenues 57,418,50015,585,4583,137,7283,049,6423,049,6423,049,6423,049,6423,049,6423,049,6423,049,6423,049,6423,049,642
Expenditures
Land/building acquisition500,000
Site improvement/preparation costs4,998,5004,426,937
Utilities15,275,000
Other public improvements
Construction of affordable housing
Temporary economic development
HRA operating expenses
Authority administrative costs for TIF5,685,0001,565,4813,17656,97559,82462,81565,95669,25472,71676,35280,170
County administrative costs for TIF35,0887811,2761,2761,2761,2761,2761,2761,2761,276
Total Project Expenditures 26,458,5006,027,5063,95758,25161,10064,09167,23270,53073,99377,62881,446
Bond principal payments on all other bonds2,080,000780,000820,000860,000930,000975,0001,025,0001,045,0001,065,0001,085,0001,105,0001,130,0001,150,00014,050,000
Bond principal payments for paygo15,775,000
Bond interest payments on all other bonds30,960,0001,557,481352,288312,288270,288225,538177,913143,288122,588101,48879,988
Bond interest payments for paygo2,503,286
Interest payment on interfund loans739,37383,68174,53568,33161,91155,26648,38841,26933,90226,276
Tax increment returned to the county
Total Expenditures 57,418,50028,682,6461,219,9261,265,0741,259,7191,281,5401,275,4111,287,2061,282,8491,278,0181,272,7091,266,925
Revenues Over (Under) Expenditures 0(13,097,188)1,917,8021,784,5681,789,9231,768,1021,774,2311,762,4361,766,7931,771,6241,776,9331,782,717
Other Financing Sources and Uses
Transfer in
Transfer out(540,855)(735,659)(564,900)(809,734)(812,726)
Bond issued (other than refunding bonds)14,050,000
Refunding bonds issued
Bonds refunded
Bond discount
Bond premium1,124,496
Sales of property
Total Other Financing Sources and Uses 014,633,641(735,659)(564,900)(809,734)(812,726)00000
Net Change in Fund Balance 01,536,4531,182,1431,219,668980,189955,3771,774,2311,762,4361,766,7931,771,6241,776,9331,782,717
Ending Fund Balance 01,536,4532,718,5963,938,2644,918,4535,873,8307,648,0619,410,49711,177,29012,948,91414,725,84716,508,564
Table 16
TIF 20 / 20A (BAE Northern Stacks
TIF Plan
and BAE Subdistrict - Includes HRA
Prior Years as
Estimates 2024202520262027202820292030203120322033
of Year 2023
Funds 055 and 056; and City Debt
(Budget)
Service Funds 340 and 341)
Assets
Cash3,927,2774,846,2855,890,5926,687,3377,452,8499,030,57010,589,61812,145,90513,699,65515,251,08816,800,413
Property held for resale
Receivable - Note
Receivable - Other641,944
Due from other funds - TIF Loans
Due from other funds - Other
Land held for resale
Other assets
Total Assets3,927,3414,848,2295,890,5926,687,3377,452,8499,030,57010,589,61812,145,90513,699,65515,251,08816,800,413
Liabilities
Due to other funds - TIF Loans2,390,8882,129,5691,952,3281,768,8841,579,0191,382,5091,179,121968,615750,741525,241291,849
Due to primary government
Other liabilities64
Total Liabilities2,390,8882,129,6331,952,3281,768,8841,579,0191,382,5091,179,121968,615750,741525,241291,849
Total Fund Balance1,536,4532,718,5963,938,2644,918,4535,873,8307,648,0619,410,49711,177,29012,948,91414,725,84716,508,564
Total Liabilities and Fund Balance3,927,3414,848,2295,890,5926,687,3377,452,8499,030,57010,589,61812,145,90513,699,65515,251,08816,800,413
Fund Balance by Purpose
To be returned to County / Excess TIF
Available for redevelopment projects
Available for other purpose auth by special legislation
Available for pledge to general obligation bonds1,536,4532,718,5963,938,2644,918,4535,873,8307,648,0619,410,49711,177,29012,948,91414,725,84716,508,564
Available for affordable housing projects
Available for other purposes / to be reimbursed from TIF00000000000
Total Fund Balance1,536,4532,718,5963,938,2644,918,4535,873,8307,648,0619,410,49711,177,29012,948,91414,725,84716,508,564
Total amount of bonds authorized/issued*25,900,00038,825,00014,050,00014,050,00014,050,00014,050,00014,050,00014,050,00014,050,00014,050,00014,050,00014,050,000
Total amount of bonds outstanding 13,580,88812,539,56911,542,32810,498,8849,379,0198,207,5096,979,1215,723,6154,440,7413,130,2411,791,849
*Actual amounts may exceed authorized in this report due to capitalized interest, estimates come from the amortization schedules for the obligations
City NumberTIF 21
NameGateway Northeast
Gps!uijt!tjuf-!uif!ISB!bdrvjsfe!uxfmwf!tnbmm!mput!cfuxffo!
TypeRedevelopment
3117!boe!3124-!uif!ISB!dpncjofe!uif!tnbmmfs!qspqfsujft!
Date Established10/8/2012
Date Certification Requested6/5/2013
Date Certified8/7/2013
up!nbslfu!uif!tjuf!boe!jo!3123!uif!mboe!xbt!sf{pofe!gspn!
Year of First Increment2017
D.3!)Hfofsbm!Cvtjoftt*-!up!T.3!)Sfefwfmpqnfou!Ejtusjdu*!up!
Date of Five Year Rule8/7/2018
bddpnnpebuf!gvuvsf!efwfmpqnfou/!Usjefou!Efwfmpqnfou-!
Date of Decertification12/31/2042
Date of Most Recent ModificationN/A
MMD!qvsdibtfe!uif!qspqfsuz!up!dpotusvdu!nvmuj.gbnjmz!
Original Tax Rate152.59%
Total Taxable Market Value (TMV)64,154,400
Increase in TMV from Base Value2,494,700
ftujnbufe!gps!zfbs!3139-!bgufs!uif!pvutuboejoh!pcmjhbujpo!
Captured Tax Capacity771,648
gps!uif!ejtusjdu!jt!sfqbje/
Number of Parcels10
Fund Balance(1,084,420)
Cash Balance16,526
Outstanding Obligations1,100,945
Parcels as of 2023 for Tax Year 2024:
Uif!ISB!ibt!tqfou!pwfs!%5/1!njmmjpo!jo!uif!Hbufxbz!
143024340093
Opsuifbtu!bsfb/!Uispvhi!sfefwfmpqnfou!pg!uijt!bsfb-!uif!
233024210144
ISB!xjmm!sfdpwfs!bmm!jut!dptut!uispvhi!uif!dpmmfdujpo!pg!uby!
233024210145
jodsfnfou/!
233024210146
233024210147
Mboe!tbmf!sfwfovft!pg!%563-:39!xfsf!efqptjufe!joup!uif!
233024210148
233024210149
dptut!qbje!cz!uif!ISB!Hfofsbm!Gvoe/
233024240205
233024240206
Uby!jodsfnfou!jt!qbzjoh!dfsubjo!benjojtusbujpo!dptut!gps!uif!
233024240207
ejtusjdu!)vq!up!21&!pg!uif!uby!jodsfnfou!gspn!uif!ejtusjdu*!
uif!ISB!uispvhi!bo!joufsgvoe!mpbo!gspn!uif!ISB!Hfofsbm!
vtf!pg!uby!jodsfnfou-!uiftf!gvoet!nbz!cf!bwbjmbcmf!gps!
Gvoe-!qbzbcmf!xjui!5/1&!joufsftu/
puifs!sfefwfmpqnfou!qspkfdu!dptut!xjuijo!uif!cpvoebsjft!
pg!uif!Qspkfdu!Bsfb!)Sfefwfmpqnfou!Qspkfdu!Op/!2*!boe!uif!
Uif!Qmbo!qspkfdut!uif!joufsgvoe!mpbo!xjmm!cf!sfqbje!jo!3137/!
ISB!nbz!efdjef!up!opu!offe!up!cf!sfuvsofe!fydftt!uby!
Jg!uif!ujnjoh!gps!sfqbznfou!ibqqfot!bt!qspkfdufe-!uif!
jodsfnfout!up!uif!Dpvouz!gps!sfejtusjcvujpo!up!uif!djuz-!
ISB!xjmm!offe!up!efdfsujgz!uif!ejtusjdu!fbsmz!jo!3137/!Uif!
dpvouz-!boe!tdippm!ejtusjdu/!
Uif!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!
Table 17
TIF Plan
Prior Years as
Estimates 202420252026202720282029203020312032
TIF 21 (Gateway Northeast Fund 054)
of Year 2023
(Budget)
Revenues
Tax increment revenue8,500,0003,107,619846,564846,564846,564
Tax levy
Charge for admin to TIF districts
Interest on Interfund Loans
Miscellaneous revenue
Interest and investment earnings85,00020,0499,4311651,7665,4465,5005,5555,6115,6675,724
Market Value Homestead Credit
Loan/advance repayments
Lease proceeds1,000,000
Repayment / return of tax increment
Total Revenues 9,585,0003,127,668855,995846,729848,3305,4465,5005,5555,6115,6675,724
Expenditures
Land/building acquisition4,235,0003,771,234
Site improvement/preparation costs500,000406,669
Utilities
Other public improvements
Construction of affordable housing
Temporary economic development
HRA operating expenses
Authority administrative costs for TIF850,000228,0351,2001,2001,200
County administrative costs for TIF14,962745601601
Total Project Expenditures 5,585,0004,420,9001,9451,8011,801000000
Bond principal payments on all other bonds
Bond principal payments for paygo
Bond interest payments on all other bonds
Bond interest payments for paygo
Interest payment on interfund loans4,000,0001,570,33474,90444,03818,406------
Tax increment returned to the county
Total Expenditures 9,585,0005,991,23476,84945,83920,207000000
Revenues Over (Under) Expenditures 0(2,863,566)779,146800,890828,1235,4465,5005,5555,6115,6675,724
Other Financing Sources and Uses
Transfer in1,000,000
Transfer out
Bond issued (other than refunding bonds)
Refunding bonds issued
Bonds refunded
Bond discount
Bond premium
Sales of property
Total Other Financing Sources and Uses 01,000,000000000000
Net Change in Fund Balance 0(1,863,566)779,146800,890828,1235,4465,5005,5555,6115,6675,724
Ending Fund Balance 0(1,863,566)(1,084,420)(283,530)544,594550,040555,540561,095566,706572,373578,097
Table 17
TIF Plan
Prior Years as
Estimates 2024202520262027202820292030203120322033
TIF 21 (Gateway Northeast Fund 054)
of Year 2023
(Budget)
Assets
Cash9,04016,526176,622544,594550,040555,540561,095566,706572,373578,097583,878
Property held for resale
Receivable - Note
Receivable - Other
Due from other funds - TIF Loans
Due from other funds - Other
Land held for resale
Other assets
Total Assets9,04016,526176,622544,594550,040555,540561,095566,706572,373578,097583,878
Liabilities
Due to other funds - TIF Loans1,872,6061,100,946460,152--------
Due to primary government
Other liabilities
Total Liabilities1,872,6061,100,946460,15200000000
Total Fund Balance(1,863,566)(1,084,420)(283,530)544,594550,040555,540561,095566,706572,373578,097583,878
Total Liabilities and Fund Balance9,04016,526176,622544,594550,040555,540561,095566,706572,373578,097583,878
Fund Balance by Purpose
To be returned to County / Excess TIF
Available for redevelopment projects000544,594550,040555,540561,095566,706572,373578,097583,878
Available for other purpose auth by special legislation
Available for pledge to general obligation bonds
Available for affordable housing projects
Available for other purposes / to be reimbursed from TIF(1,863,566)(1,084,420)(283,530)00000000
Total Fund Balance(1,863,566)(1,084,420)(283,530)544,594550,040555,540561,095566,706572,373578,097583,878
Total amount of bonds authorized/issued*4,500,0004,375,0003,065,9763,065,9763,065,9763,065,9763,065,9763,065,9763,065,9763,065,9763,065,9763,065,976
Total amount of bonds outstanding 1,872,6061,100,945460,152000000
*Actual amounts may exceed authorized in this report due to capitalized interest, estimates come from the amortization schedules for the obligations
City NumberTIF 22
Northstar Transit
Name
Station
Uijt!ejtusjdu!xbt!ftubcmjtife!xjui!uif!joufou!uibu!uif!ISB!
TypeRedevelopment
nbz!xsjuf!epxo0bdrvjsf!boe!sfdpowfz!sfbm!qspqfsuz!ps!
Date Established5/6/2013
joufsftut!uifsfjo-!xjuijo!uijt!UJG!ejtusjdu0Qspkfdu!Bsfb/!
Date Certification Requested8/1/2013
Date Certified5/16/2014
Sfefwfmpqnfou!ibt!jodmvefe!efnpmjujpo!boe!sfnpwbm!pg!
Year of First Increment2017
cmjhiufe!boe!tvctuboebse!tusvduvsft-!sfnfejbujpo!boe!
Date of Five Year Rule5/16/2019
jotubmmbujpo!pg!qvcmjd!jnqspwfnfout!boe!jogsbtusvduvsf!
Date of Decertification12/31/2042
Date of Most Recent ModificationN/A
dpnqbujcmf!xjui!usbotju!psjfoufe!efwfmpqnfou!boe!
Original Tax Rate151.45%
dpotusvdujpo/!Uif!UJG!Qmbo!qspwjefe!gps!sfefwfmpqnfou!up!
Total Taxable Market Value (TMV)141,627,300
pddvs!pwfs!b!ovncfs!pg!zfbst!jo!nvmujqmf!qibtft/!!
Increase in TMV from Base Value30,586,000
Captured Tax Capacity1,562,712
Number of Parcels21
Fund Balance4,126,995
Cash Balance4,420,358
Cfdbvtf!uif!ujnjoh!pg!efwfmpqnfou!eje!opu!pddvs!bt!
Outstanding Obligations6,774,099
psjhjobmmz!qmboofe!po!b!nbkpsjuz!pg!uif!qbsdfmt!jo!uijt!
Parcels as of 2023 for Tax Year 2024:
223024110013223024410007
ejtusjdu-!pwfs!51!qbsdfmt!xfsf!espqqfe!pvu!cz!uif!Dpvouz!
223024110016223024410008
223024110025223024420006
ISB!ibt!boe!xjmm!offe!up!sfrvftu!Boplb!Dpvouz!up!bee!
223024110026
cbdl!qbsdfmt/
223024110027
223024110028
Uif!ISB!ibt!jttvfe!uisff!UJG!sfwfovf!opuft!bt!pg!Efdfncfs!
223024110029
42-!3135/!Opuft!xfsf!jttvfe!bt!bqbsunfou!qspkfdut!jo!uif!
223024110030
Tubujpo!Wjmmbhf!qspkfdu!xfsf!dpnqmfufe!boe!dpoejujpot!pg!
223024110030
bhsffnfou!gps!ufsnt!pg!bttjtubodf!xfsf!nfu/!
223024110031
223024110031
Uif!opuft!jodmvef!uif!gpmmpxjoh!cbmbodft!bt!pg!2304203135;!
223024110032
)j*!uif!Gsjemfz!Nbslfu!Bqbsunfout!Opuf!jttvfe!jo!uif!
223024110033
bnpvou!pg!%3-956-361-!xjui!cbmbodf!pvutuboejoh!pg!
223024110034
223024130010
%3-724-985<!
223024130015
)jj*!uif!Gsjemfz!Tfojps!Bqbsunfout!Opuf!jttvfe!jo!uif!
223024140011
bnpvou!pg!%4-315-761<!xjui!cbmbodf!pvutuboejoh!pg!
223024410007
%3-::7-165<!boe!
jttvfe!jo!uif!bnpvou!pg!%2-333-861-!xjui!cbmbodf!
pvutuboejoh!pg!%2-275-282/!
Cfdbvtf!fbdi!pg!uif!uisff!bqbsunfou!qspkfdut!bsf!xjuijo!
uif!mbshfs!cpvoebsjft!pg!UJG!Ejtusjdu!33-!uif!ISB!nvtu!
dbmdvmbuf!tfqbsbufmz!uif!bnpvou!pg!uby!jodsfnfou!uibu!jt!
hfofsbufe!gspn!fbdi!pg!uif!uisff!cvjmejoht!gps!qbznfou!
po!fbdi!pg!uif!uisff!sftqfdujwf!UJG!opuft/
Uby!jodsfnfou!sfnbjojoh!gspn!uif!sfnbjojoh!cbmbodf!jo!UJG!
Ejtusjdu!24!dbo!pomz!cf!tqfou!xjuijo!uif!cpvoebsjft!pg!UJG!
Ejtusjdu!33-!boe!xjmm!qspwjef!beejujpobm!tpvsdft!pg!sfwfovf!
gps!qspkfdu!dptut!xjuijo!uif!cpvoebsjft!pg!UJG!Ejtusjdu!33/!
Uif!sfwfovf!gspn!UJG!Ejtusjdut!24!dpncjofe!xjui!uif!
bnpvou!pg!uby!jodsfnfou-!uif!Qmbo!jodmveft!bo!ftujnbufe!
%861-111!cfjoh!tqfou!fbdi!zfbs!gps!21!zfbst!gps!fmjhjcmf!
Ejtusjdu!24!jodmveft!vtf!pg!gvoet!jo!UJG!Ejtusjdu!33!)usbotgfs!
pg!gvoet!jt!opu!bttvnfe!cvu!sbuifs!ejsfdu!fyqfoejuvsf!jo!
UJG!Ejtusjdu!24!jt!qmboofe*/
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!ISB!
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!
jodsfnfou!up!jodmvef!mboe!tbmf!qspdffet/
Table 18
TIF Plan
TIF 22 (Northstar Transit Station
Prior Years as
Estimates 202420252026202720282029203020312032
of Year 2023
Fund 057)
(Budget)
Revenues
Tax increment revenue94,200,0004,550,2411,714,4301,714,4301,714,4301,714,4301,714,4301,714,4301,714,4301,714,4301,714,4301,714,430
Tax levy
Charge for admin to TIF districts
Interest on Interfund Loans
Miscellaneous revenue
Interest and investment earnings500,00068,252124,47044,20447,55250,58753,62356,66059,69562,72865,757
Market Value Homestead Credit
Loan/advance repayments
Lease proceeds1,000,000
Repayment / return of tax increment
Total Revenues 95,700,0004,618,4931,838,9001,758,6341,761,9821,765,0171,768,0531,771,0901,774,1251,777,1581,780,1871,783,210
Expenditures
Land/building acquisition12,280,000625
Site improvement/preparation costs10,000,00053,884750,000750,000750,000750,000750,000750,000750,000750,000
Utilities1,000,000
Other public improvements20,000,000
Construction of affordable housing
Temporary economic development
HRA operating expenses
Authority administrative costs for TIF9,420,000495,40014,16154,26256,97559,82462,81565,95669,25472,71676,352
County administrative costs for TIF9,581890723723723723723723723723
Total Project Expenditures 52,700,000559,49015,051804,985807,698810,547813,538816,679819,977823,439827,075
Bond principal payments on all other bonds
Bond principal payments for paygo197,375301,176316,042332,042348,851366,512385,067404,561425,041446,559
Bond interest payments on all other bonds43,000,000
Bond interest payments for paygo924,753350,040334,803318,804301,994284,333265,779246,285225,804204,286
Interest payment on interfund loans
Tax increment returned to the county
Total Expenditures 95,700,0001,681,618666,2671,455,8301,458,5441,461,3921,464,3831,467,5251,470,8231,474,2841,477,9201,481,738
Revenues Over (Under) Expenditures 02,936,8751,172,633302,804303,438303,625303,670303,565303,303302,874302,267
Other Financing Sources and Uses
Transfer in17,487
Transfer out
Bond issued (other than refunding bonds)
Refunding bonds issued
Bonds refunded
Bond discount
Bond premium
Sales of property
Total Other Financing Sources and Uses 017,487000000000
Net Change in Fund Balance 02,954,3621,172,633302,804303,438303,625303,670303,565303,303302,874302,267
Ending Fund Balance 02,954,3624,126,9954,429,7994,733,2375,036,8615,340,5315,644,0965,947,3996,250,2736,552,5396,854,011
Table 18
TIF Plan
TIF 22 (Northstar Transit Station
Prior Years as
Estimates 2024202520262027202820292030203120322033
of Year 2023
Fund 057)
(Budget)
Assets
Cash3,231,9464,420,3584,755,2215,058,6605,362,2845,665,9545,969,5196,272,8226,575,6956,877,9627,179,434
Property held for resale
Receivable - Note
Receivable - Other21,39432,060
Due from other funds - TIF Loans
Due from other funds - Other
Land held for resale
Other assets
Total Assets3,253,3404,452,4184,755,2215,058,6605,362,2845,665,9545,969,5196,272,8226,575,6956,877,9627,179,434
Liabilities
Due to other funds - TIF Loans
Due to primary government
Other liabilities298,978325,423325,423325,423325,423325,423325,423325,423325,423325,423325,423
Total Liabilities298,978325,423325,423325,423325,423325,423325,423325,423325,423325,423325,423
Total Fund Balance2,954,3624,126,9954,429,7994,733,2375,036,8615,340,5315,644,0965,947,3996,250,2736,552,5396,854,011
Total Liabilities and Fund Balance3,253,3404,452,4184,755,2215,058,6605,362,2845,665,9545,969,5196,272,8226,575,6956,877,9627,179,434
Fund Balance by Purpose
To be returned to County / Excess TIF
Available for redevelopment projects2,954,3624,126,9954,429,7994,733,2375,036,8615,340,5315,644,0965,947,3996,250,2736,552,5396,854,011
Available for other purpose auth by special legislation
Available for pledge to general obligation bonds
Available for affordable housing projects
Available for other purposes / to be reimbursed from TIF00000000000
Total Fund Balance2,954,3624,126,9954,429,7994,733,2375,036,8615,340,5315,644,0965,947,3996,250,2736,552,5396,854,011
Total amount of bonds authorized/issued*51,200,00007,272,6507,272,6507,272,6507,272,6507,272,6507,272,6507,272,6507,272,6507,272,6507,272,650
Total amount of bonds outstanding 7,075,2756,774,0996,458,0576,126,0155,777,1645,410,6525,025,5854,621,0244,195,9833,749,4243,280,258
*Actual amounts may exceed authorized in this report due to capitalized interest, estimates come from the amortization schedules for the obligations
City NumberTIF 23
NameLocke Point Park
TypeRedevelopment
Uif!Djuz!bdrvjsfe!uif!Dpmvncjb!Bsfob!up!sfnpwf!uif!
Date Established9/12/2016
Date Certification Requested1/3/2017
cmjhiufe!cvjmejoht!boe!qsfqbsf!uif!tjuf!gps!gvuvsf!Date Certified3/17/2017
Year of First Increment2020
Date of Five Year Rule3/17/2022
sfefwfmpqnfou/!B!tfsjft!pg!dpnnvojuz!nffujoht!jo!uif!
Date of Decertification12/31/2045
Date of Most Recent ModificationN/A
tqsjoh!pg!3126!mfe!up!bo!fyqbotjpo!pg!uif!qspkfdu!bsfb!up!
Original Tax Rate132.49%
Total Taxable Market Value (TMV)77,901,324
jodmvef!b!qpsujpo!pg!Mpdlf!Qbsl!boe!uif!Djuzt!Qvcmjd!Xpslt!
Increase in TMV from Base Value8,740,709
Captured Tax Capacity267,761
tjuf/!Uif!qspkfdu!jodsfbtfe!gspn!22!bdsft!up!44!bdsft!boe!
Number of Parcels120
Fund Balance(4,096,560)
jodmvefe!b!Ofx!Djuz!Ibmm!Dbnqvt!boe!b!ovncfs!pg!ipvtjoh!
Cash Balance1,085
Outstanding Obligations4,100,249
vojut/!Jo!psefs!up!sfdpwfs!b!qpsujpo!pg!jut!jowftunfou!jo!uif!
Parcels as of 2023 for Tax Year 2024:
203007113024340082113024340055113024340128
tjuf!efnpmjujpo!'!dmfbovq-!jo!beejujpo!up!bttjtujoh!qsjwbuf!
113024340008113024340083113024340056113024340129
113024340020113024340084113024340057113024340130
efwfmpqnfou-!uif!Bvuipsjuz!dsfbufe!uif!UJG!Ejtusjdu!jo!
113024340021113024340085113024340058113024340131
3127/!Uif!qsjwbuf!efwfmpqnfou!xjmm!dpotjtu!pg;!Nbslfu.
113024340022113024340086113024340059113024340132
113024340023113024340087113024340060113024340133
Sbuf!Tfojps!boe!Nvmuj.Gbnjmz!Ipvtjoh-!Qbujp!Ipnft0
113024340024113024340088113024340061113024340134
113024340025113024340089113024340062113024340135
Upxoipnft-!boe!ps!Sfubjm0Dpnnfsdjbm!tqbdf/
113024340026113024340090113024340063113024340136
113024340027113024340091113024340064113024340137
113024340028113024340092113024340065113024340138
113024340029113024340093113024340066113024340139
*note first parcel
113024340030113024340094113024340067
listed is as listed on
113024340031113024340095113024340068
the Anoka County
Uif!ISB!fmfdufe!up!efgfs!uby!jodsfnfou!gps!uijt!ejtusjdu!
113024340032113024340096113024340069
report and is not a
113024340033113024340097113024340070
typo.
voujm!3131/!Efwfmpqnfou!xbt!dpnqmfufe!jo!3132/!!
113024340034113024340098113024340071
113024340035113024340099113024340072
113024340036113024340100113024340073
Bt!qbsu!pg!uif!ISBt!bhsffnfou!xjui!uif!Djuz!sfhbsejoh!uif!
113024340037113024340101113024340074
113024340038113024340102113024340075
Djuzt!%2-611-111!bewbodf!pg!gvoet!gps!uif!qspkfdu-!uif!ISB!
113024340039113024340103113024340076
qbje!%2-111-111!gps!qpoejoh!dptut/!Uijt!sfevdfe!uif!Djuzt!
113024340040113024340104113024340077
113024340041113024340105113024340078
bewbodf!pg!gvoet!up!uif!ISB!gspn!%2-111-111!up!%611-111-!
113024340043113024340106113024340079
113024340044113024340107113024340080
xijdi!xjmm!cf!sfqbje!pwfs!36!zfbst/!
113024340045113024340108113024340081
113024340046113024340109113024340119
113024340047113024340110113024340120
Uif!dpncjofe!upubm!joufsgvoe!mpbo!cbmbodf!gspn!uif!
113024340048113024340112113024340121
ISB!Hfofsbm!Gvoe!up!UJG!Ejtusjdu!34!jt!%5-211-35:!bt!pg!
113024340049113024340113113024340122
113024340050113024340114113024340123
2304203135/!Uif!ISB!qspwjefe!gvoet!up!qbz!gps!mboe!0
113024340051113024340115113024340124
113024340052113024340116113024340125
cvjmejoh!bdrvjtjujpo-!tjuf!jnqspwfnfout!boe!qsfqbsbujpo!
113024340053113024340117113024340126
113024340054113024340118113024340127
dput-!bnpoh!puifs!dptut/!Uiftf!gvoet!xjmm!cf!sfjncvstfe!
gspn!gvuvsf!uby!jodsfnfou!gspn!UJG!Ejtusjdu!34/
Table 19
TIF Plan
Prior Years as
Estimates 202420252026202720282029203020312032
TIF 23 (Locke Point Park Fund 058)
of Year 2023
(Budget)
Revenues
Tax increment revenue27,600,000589,392262,122262,122262,122262,122262,122262,122262,122262,122262,122
Tax levy
Charge for admin to TIF districts
Interest on Interfund Loans
Miscellaneous revenue
Interest and investment earnings250,0002,0602,94211245251256259261261260
Market Value Homestead Credit
Loan/advance repayments
Lease proceeds1,000,000
Repayment / return of tax increment
Total Revenues 28,850,000591,452265,064262,133262,367262,373262,378262,381262,383262,383262,382
Expenditures
Land/building acquisition4,670,000893,812
Site improvement/preparation costs3,000,0002,095,628
Utilities5,000,00027,196
Other public improvements2,170,000871,785
Construction of affordable housing
Temporary economic development
HRA operating expenses
Authority administrative costs for TIF2,760,000161,4162,3792,4982,6232,7542,8923,0363,1883,3473,515
County administrative costs for TIF11,0122,7432,2772,2772,2772,2772,2772,2772,2772,277
Total Project Expenditures 17,600,0004,060,8495,1224,7754,9005,0315,1695,3135,4655,6245,792
Bond principal payments on all other bonds
Bond principal payments for paygo
Bond interest payments on all other bonds11,250,000
Bond interest payments for paygo
Interest payment on interfund loans834,137167,793165,526161,171157,342153,361149,220144,914140,435135,777
Tax increment returned to the county
Total Expenditures 28,850,0004,894,986172,915170,301166,071162,373158,530154,534150,379146,060141,569
Revenues Over (Under) Expenditures 0(4,303,534)92,14991,83296,297100,000103,848107,848112,004116,324120,813
Other Financing Sources and Uses
Transfer in
Transfer out
Bond issued (other than refunding bonds)
Refunding bonds issued
Bonds refunded
Bond discount
Bond premium
Sales of property114,8250
Total Other Financing Sources and Uses 0114,825000000000
Net Change in Fund Balance 0(4,188,709)92,14991,83296,297100,000103,848107,848112,004116,324120,813
Ending Fund Balance 0(4,188,709)(4,096,560)(4,004,728)(3,908,432)(3,808,432)(3,704,584)(3,596,736)(3,484,732)(3,368,408)(3,247,595)(3,122,117)
Table 19
TIF Plan
Prior Years as
Estimates 2024202520262027202820292030203120322033
TIF 23 (Locke Point Park Fund 058)
of Year 2023
(Budget)
Assets
Cash3231,08524,54225,13025,59325,92326,11126,15026,02925,74025,272
Property held for resale
Receivable - Note
Receivable - Other2,9422,604
Due from other funds - TIF Loans
Due from other funds - Other
Land held for resale
Other assets
Total Assets3,2653,68924,54225,13025,59325,92326,11126,15026,02925,74025,272
Liabilities
Due to other funds - TIF Loans4,191,9744,100,2494,029,2713,933,5623,834,0253,730,5063,622,8473,510,8813,394,4373,273,3353,147,389
Due to primary government
Other liabilities
Total Liabilities4,191,9744,100,2494,029,2713,933,5623,834,0253,730,5063,622,8473,510,8813,394,4373,273,3353,147,389
Total Fund Balance(4,188,709)(4,096,560)(4,004,728)(3,908,432)(3,808,432)(3,704,584)(3,596,736)(3,484,732)(3,368,408)(3,247,595)(3,122,117)
Total Liabilities and Fund Balance3,2653,68924,54225,13025,59325,92326,11126,15026,02925,74025,272
Fund Balance by Purpose
To be returned to County / Excess TIF
Available for redevelopment projects00000000000
Available for other purpose auth by special legislation
Available for pledge to general obligation bonds
Available for affordable housing projects
Available for other purposes / to be reimbursed from TIF(4,188,709)(4,096,560)(4,004,728)(3,908,432)(3,808,432)(3,704,584)(3,596,736)(3,484,732)(3,368,408)(3,247,595)(3,122,117)
Total Fund Balance(4,188,709)(4,096,560)(4,004,728)(3,908,432)(3,808,432)(3,704,584)(3,596,736)(3,484,732)(3,368,408)(3,247,595)(3,122,117)
Total amount of bonds authorized/issued*18,600,0004,348,0164,348,0164,348,0164,348,0164,348,0164,348,0164,348,0164,348,0164,348,0164,348,0164,348,016
Total amount of bonds outstanding 4,191,9744,100,2494,029,2713,933,5623,834,0253,730,5063,622,8473,510,8813,394,4373,273,3353,147,389
*Actual amounts may exceed authorized in this report due to capitalized interest, estimates come from the amortization schedules for the obligations
City NumberTIF 24
NameNorthern Stacks VIII
Evf!up!uif!tvddftt!pg!uif!Opsuifso!Tubdlt!qspkfdu!jo!UJG!
TypeSoils Condition
Ejtusjdu!31-!uif!efwfmpqfs!pg!uif!Opsuifso!Tubdlt!qspkfdu!
Date Established6/11/2018
qvsdibtfe!b!qspqfsuz!kvtu!up!uif!opsui!pg!UJG!Ejtusjdu!31/!B!
Date Certification Requested6/20/2018
Date Certified7/10/2018
tpjmt!dpoejujpo!ejtusjdu!xbt!dsfbufe-!UJG!Ejtusjdu!35-!up!ifmq!
Year of First Increment2019
xjui!tpjmt!sfmbufe!sfnfejbujpo!dptut/!Uijt!ejtusjdu!xjmm!svo!
Date of Five Year Rule7/10/2022
Date of Decertification7/10/2024
gps!32!zfbst-!boe!:1&!pg!bmm!uby!jodsfnfou!xjmm!cf!vtfe!up!
Date of Most Recent ModificationN/A
qbz!b!UJG!sfwfovf!opuf!gps!fmjhjcmf!dptut/
Original Tax Rate117.98%
Total Taxable Market Value (TMV)11,559,300
Uijt!ejtusjdu!dpwfst!bo!22/8!bdsf!tjuf!mpdbufe!bu!6212!
Increase in TMV from Base Value5,815,800
Joevtusjbm!Cpvmfwbse!bekbdfou!up!Opsuifso!Tubdlt/!Uif!ISBt!
Captured Tax Capacity114,870
Number of Parcels1
bttjtubodf!xjui!dpoubnjobufe!tpjm!dmfbo.vq!xjmm!gvsuifs!
Fund Balance(13,274)
foibodf!uif!tvsspvoejoh!ofjhicpsippet!tuboejoh!bt!bo!
Cash Balance35,327
ftubcmjtife!joevtusjbm!ivc/
Outstanding Obligations599,664
Parcels as of 2023 for Tax Year 2024:
273024120046
Uif!ejtusjdu!ibt!pof!pvutuboejoh!pcmjhbujpo-!uif!UJG!
sfwfovf!opuf/
sfqbz!uif!qbz.hp!UJG!sfwfovf!opuf!jttvfe!up!uif!efwfmpqfs!
boe!up!qbz!gvuvsf!benjojtusbujwf!fyqfoejuvsft/
Op!gvsuifs!benjojtusbujwf!dptut!tipvme!cf!qbje!gspn!uif!
ejtusjdu!voujm!uif!qsjps!zfbst!fyqfoejuvsft!bsf!sfqbje!gspn!
uby!jodsfnfout/!Bo!joufsgvoe!mpbo!xbt!opu!bqqspwfe!uijt!
ejtusjdu/
Table 20
TIF Plan
Prior Years as
Estimates 202420252026202720282029203020312032
TIF 24 (Stacks VIII Fund 059)
of Year 2023
(Budget)
Revenues
Tax increment revenue3,274,000166,903108,001108,001108,001108,001108,001108,001108,001108,001108,001
Tax levy
Charge for admin to TIF districts
Interest on Interfund Loans
Miscellaneous revenue
Interest and investment earnings33,0003534595666747838931,0041,116
Market Value Homestead Credit
Loan/advance repayments
Lease proceeds
Repayment / return of tax increment
Total Revenues 3,307,000166,903108,001108,354108,460108,567108,675108,784108,894109,005109,117
Expenditures
Land/building acquisition
Site improvement/preparation costs1,439,600
Utilities
Other public improvements
Construction of affordable housing
Temporary economic development
HRA operating expenses
Authority administrative costs for TIF327,40037,357
County administrative costs for TIF2,889581581581581581581581581581
Total Project Expenditures 1,767,00040,246581581581581581581581581581
Bond principal payments on all other bonds
Bond principal payments for paygo10,02950,30763,62267,33371,26075,41779,81584,47189,39894,612
Bond interest payments on all other bonds1,540,000
Bond interest payments for paygo140,12046,89533,57929,86825,94121,78517,38612,7307,8032,589
Interest payment on interfund loans--------
Tax increment returned to the county
Total Expenditures 3,307,000190,39597,78397,78297,78297,78297,78397,78297,78297,78297,782
Revenues Over (Under) Expenditures 0(23,492)10,21810,57210,67810,78510,89211,00211,11211,22311,335
Other Financing Sources and Uses
Transfer in
Transfer out
Bond issued (other than refunding bonds)
Refunding bonds issued
Bonds refunded
Bond discount
Bond premium
Sales of property
Total Other Financing Sources and Uses 00000000000
Net Change in Fund Balance 0(23,492)10,21810,57210,67810,78510,89211,00211,11211,22311,335
Ending Fund Balance 0(23,492)(13,274)(2,702)7,97618,76129,65340,65451,76662,98874,323
Table 20
TIF Plan
Prior Years as
Estimates 2024202520262027202820292030203120322033
TIF 24 (Stacks VIII Fund 059)
of Year 2023
(Budget)
Assets
Cash1,44535,32745,89956,57767,36278,25489,255100,366111,589122,924134,372
Property held for resale
Receivable - Note
Receivable - Other
Due from other funds - TIF Loans
Due from other funds - Other
Land held for resale
Other assets
Total Assets1,44535,32745,89956,57767,36278,25489,255100,366111,589122,924134,372
Liabilities
Due to other funds - TIF Loans---------
Due to primary government
Other liabilities24,93748,60148,60148,60148,60148,60148,60148,60148,60148,60148,601
Total Liabilities24,93748,60148,60148,60148,60148,60148,60148,60148,60148,60148,601
Total Fund Balance(23,492)(13,274)(2,702)7,97618,76129,65340,65451,76662,98874,32385,772
Total Liabilities and Fund Balance1,44535,32745,89956,57767,36278,25489,255100,366111,589122,924134,372
Fund Balance by Purpose
To be returned to County / Excess TIF
Available for redevelopment projects0007,97618,76129,65340,65451,76662,98874,32385,772
Available for other purpose auth by special legislation
Available for pledge to general obligation bonds
Available for affordable housing projects
Available for other purposes / to be reimbursed from TIF(23,492)(13,274)(2,702)00000000
Total Fund Balance(23,492)(13,274)(2,702)7,97618,76129,65340,65451,76662,98874,32385,772
Total amount of bonds authorized/issued*1,800,000660,000660,000660,000660,000660,000660,000660,000660,000660,000660,000660,000
Total amount of bonds outstanding 649,971599,664536,042468,709397,449322,032242,217157,74668,348(26,264)(126,394)
*Actual amounts may exceed authorized in this report due to capitalized interest, estimates come from the amortization schedules for the obligations
City NumberTIF 25
NameHolly Center Project
Uif!ejtusjdu!xbt!dsfbufe!up!qspnpuf!sfefwfmpqnfou!po!
TypeRedevelopment
uif!OX!dpsofs!pg!Vojwfstjuz!Bwf!boe!Njttjttjqqj!Tu!OF/!
Date Established9/14/2020
Uif!sfefwfmpqnfou!qspkfdu!jodmveft!dpotusvdujpo!pg!
Date Certification Requested10/8/2020
Date Certified8/3/2021
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Year of First Increment2023
boe!bqqspyjnbufmz!21-111!trvbsf!gffu!pg!dpnnfsdjbm!
Date of Five Year Rule8/3/2026
Date of Decertification12/31/2048
tqbdf!cz!Spfst!Gsjemfz!Bqbsunfout!Pxofs!MMD/!
Date of Most Recent ModificationN/A
Original Tax Rate126.76%
Total Taxable Market Value (TMV)62,979,200
Increase in TMV from Base Value5,083,700
Captured Tax Capacity718,223
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Number of Parcels2
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Fund Balance76,573
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Cash Balance431,928
Outstanding Obligations6,220,540
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Parcels as of 2023 for Tax Year 2024:
143024230100
143024230101
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sfwfovf!opuf!jt!qbzbcmf!gspn!:1&!pg!uif!uby!jodsfnfout!
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pg!2304203135/
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fydftt!pg!uif!qbznfout!po!uif!UJG!sfwfovf!opuf!boe!
ftujnbufe!benjojtusbujwf!dptut/!Uif!ISB!nbz!dpotjefs!
uif!vtf!pg!uif!qspkfdufe!uby!jodsfnfou!bcpwf!xibu!
jt!offefe!up!nffu!dvssfou!pcmjhbujpot!gps!qvsqptf!pg!
puifs!sfefwfmpqnfou!dptut!)qppmjoh*!xjuijo!uif!cspbefs!
cpvoebsjft!pg!Sfefwfmpqnfou!Qspkfdu!Op/!2!)uif!Qspkfdu!
Bsfb*/!Uif!Gjwf!Zfbs!Svmf!ebuf!gps!uijt!ejtusjdu!jt!90403137/!
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Table 21
TIF Plan
TIF 25 (Holly Center Project Fund
Prior Years as
Estimates 202420252026202720282029203020312032
of Year 2023
060)
(Budget)
Revenues
Tax increment revenue18,400,000253,680789,694718,223718,223718,223718,223718,223718,223718,223718,223
Tax levy
Charge for admin to TIF districts
Interest on Interfund Loans
Miscellaneous revenue
Interest and investment earnings184,0003503,3454,3194,3854,4504,5154,5784,6414,7034,763
Market Value Homestead Credit
Loan/advance repayments
Lease proceeds
Repayment / return of tax increment
Total Revenues 18,584,000254,030793,039722,542722,608722,673722,738722,801722,864722,926722,986
Expenditures
Land/building acquisition3,000,000
Site improvement/preparation costs5,484,000
Utilities500,000
Other public improvements
Construction of affordable housing
Temporary economic development
HRA operating expenses
Authority administrative costs for TIF1,840,00025,3694,5284,7544,8975,0445,1955,3515,5125,6775,847
County administrative costs for TIF963599479479479479479479479479
Total Project Expenditures 10,824,00026,3325,1275,2335,3765,5235,6745,8305,9916,1566,326
Bond principal payments on all other bonds
Bond principal payments for paygo269,280466,507485,354504,962525,362546,587568,669591,643615,546
Bond interest payments on all other bonds7,760,000
Bond interest payments for paygo226,745443,012244,203225,356205,748185,347164,122142,040119,06695,164
Interest payment on interfund loans
Tax increment returned to the county
Total Expenditures 18,584,000253,077717,419715,943716,086716,233716,383716,540716,700716,865717,036
Revenues Over (Under) Expenditures 095375,6206,5996,5226,4416,3556,2626,1646,0615,950
Other Financing Sources and Uses
Transfer in
Transfer out
Bond issued (other than refunding bonds)
Refunding bonds issued
Bonds refunded
Bond discount
Bond premium
Sales of property
Total Other Financing Sources and Uses 00000000000
Net Change in Fund Balance 095375,6206,5996,5226,4416,3556,2626,1646,0615,950
Ending Fund Balance 095376,57383,17289,69596,136102,490108,752114,916120,977126,927
Table 21
TIF Plan
TIF 25 (Holly Center Project Fund
Prior Years as
Estimates 2024202520262027202820292030203120322033
of Year 2023
060)
(Budget)
Assets
Cash113,343431,928438,527445,049451,490457,845464,107470,271476,331482,282488,116
Property held for resale
Receivable - Note
Receivable - Other
Due from other funds - TIF Loans
Due from other funds - Other
Land held for resale
Other assets1,75817
Total Assets115,101431,945438,527445,049451,490457,845464,107470,271476,331482,282488,116
Liabilities
Due to other funds - TIF Loans
Due to primary government
Other liabilities114,148355,372355,355355,355355,355355,355355,355355,355355,355355,355355,355
Total Liabilities114,148355,372355,355355,355355,355355,355355,355355,355355,355355,355355,355
Total Fund Balance95376,57383,17289,69596,136102,490108,752114,916120,977126,927132,761
Total Liabilities and Fund Balance115,101431,945438,527445,049451,490457,845464,107470,271476,331482,282488,116
Fund Balance by Purpose
To be returned to County / Excess TIF
Available for redevelopment projects95376,57383,17289,69596,136102,490108,752114,916120,977126,927132,761
Available for other purpose auth by special legislation
Available for pledge to general obligation bonds
Available for other purposes / to be reimbursed from TIF00000000000
Total Fund Balance95376,57383,17289,69596,136102,490108,752114,916120,977126,927132,761
Total amount of bonds authorized/issued*11,200,0006,489,8206,489,8206,489,8206,489,8206,489,8206,489,8206,489,8206,489,8206,489,8206,489,820
Total amount of bonds outstanding 6,220,5405,754,0335,268,6794,763,7174,238,3553,691,7683,123,0992,531,4561,915,9101,275,496
*Actual amounts may exceed authorized in this report due to capitalized interest, estimates come from the amortization schedules for the obligations
City NumberTIF 26
NameMoon Plaza
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TypeRedevelopment
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Date Established2/13/2023
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Date Certification Requested4/3/2023
Date Certified5/1/2023
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Year of First Increment2024
Spfst!Bdrvjtjujpot!MMD/!
Date of Five Year Rule5/1/2028
Date of Decertification12/31/2049
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Date of Most Recent ModificationN/A
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Original Tax Rate106.86%
Total Taxable Market Value (TMV)2,546,800
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Increase in TMV from Base Value2,365,500
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Captured Tax Capacity3,626
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Number of Parcels1
Fund Balance(4,659)
Cash Balance1,460
Outstanding Obligations6,119
Parcels as of 2023 for Tax Year 2024:
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143024340094
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efwfmpqnfou!bhsffnfou!cfgpsf!uif!UJG!sfwfovf!opuf!
90203136-!jg!opuf!jt!jttvfe!qsjps!up!uijt!ebuf/!Uif!opuf!xjmm!
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Table 22
TIF Plan
Prior Years as
Estimates 202420252026202720282029203020312032
TIF 26 (Moon Plaza Fund 061)
of Year 2023
(Budget)
Revenues
Tax increment revenue12,850,00003,860328,455486,062487,274488,490489,709490,930492,154493,381
Tax levy
Charge for admin to TIF districts
Interest on Interfund Loans
Miscellaneous revenue
Interest and investment earnings200,000153497891,2341,6852,1412,6033,072
Market Value Homestead Credit
Loan/advance repayments
Lease proceeds
Repayment / return of tax increment
Total Revenues 13,050,00003,860328,470486,411488,063489,724491,393493,071494,757496,453
Expenditures
Land/building acquisition3,500,000
Site improvement/preparation costs2,626,000
Utilities
Other public improvements
Construction of affordable housing
Temporary economic development
HRA operating expenses
Authority administrative costs for TIF1,285,0005,8842,4005,0005,0005,0005,0005,0005,0005,0005,000
County administrative costs for TIF
Total Project Expenditures 7,411,0005,8842,4005,0005,0005,0005,0005,0005,0005,0005,000
Bond principal payments on all other bonds
Bond principal payments for paygo85,055133,802144,980153,427162,305171,635181,439191,743
Bond interest payments on all other bonds
Bond interest payments for paygo5,639,000198,855303,654293,567286,214278,433270,203261,500252,301
Interest payment on interfund loans235
Tax increment returned to the county
Total Expenditures 13,050,0005,8842,635288,910442,456443,547444,641445,738446,837447,938449,043
Revenues Over (Under) Expenditures 0(5,884)1,22539,56043,95544,51645,08345,65546,23446,81947,410
Other Financing Sources and Uses
Transfer in
Transfer out
Bond issued (other than refunding bonds)
Refunding bonds issued
Bonds refunded
Bond discount
Bond premium
Sales of property
Total Other Financing Sources and Uses 00000000000
Net Change in Fund Balance 0(5,884)1,22539,56043,95544,51645,08345,65546,23446,81947,410
Ending Fund Balance 0(5,884)(4,659)34,90178,856123,372168,455214,110260,345307,163354,573
Table 22
TIF Plan
Prior Years as
Estimates 2024202520262027202820292030203120322033
TIF 26 (Moon Plaza Fund 061)
of Year 2023
(Budget)
Assets
Cash01,46034,90178,856123,372168,455214,110260,345307,163354,573402,580
Property held for resale
Receivable - Note
Receivable - Other
Due from other funds - TIF Loans
Due from other funds - Other
Land held for resale
Other assets
Total Assets01,46034,90178,856123,372168,455214,110260,345307,163354,573402,580
Liabilities
Due to other funds - TIF Loans
Due to primary government5,8846,119
Other liabilities
Total Liabilities5,8846,119000000000
Total Fund Balance(5,884)(4,659)34,90178,856123,372168,455214,110260,345307,163354,573402,580
Total Liabilities and Fund Balance01,46034,90178,856123,372168,455214,110260,345307,163354,573402,580
Fund Balance by Purpose
To be returned to County / Excess TIF
Available for redevelopment projects0034,90178,856123,372168,455214,110260,345307,163354,573402,580
Available for other purpose auth by special legislation
Available for pledge to general obligation bonds
Available for other purposes / to be reimbursed from TIF(5,884)(4,659)000000000
Total Fund Balance(5,884)(4,659)34,90178,856123,372168,455214,110260,345307,163354,573402,580
Total amount of bonds authorized/issued*7,411,000200,000200,0006,126,0006,126,0006,126,0006,126,0006,126,0006,126,0006,126,0006,126,0006,126,000
Total amount of bonds outstanding 5,8846,1196,126,0005,992,1985,847,2185,693,7915,531,4875,359,8525,178,4134,986,6714,784,101
*Actual amounts may exceed authorized in this report due to capitalized interest, estimates come from the amortization schedules for the obligations
Northland Securities, Inc.
45 South 7th Street, Suite 2000
Minneapolis, MN 55402
(800) 851-2920
Member NASD and SIPC