Laserfiche WebLink
_ __ <br />EDA TIF DISTRICT #2 - ROUND LAKE <br />Fu�ction: Economic Development <br />Supervisar: Director of Finance and Ad�ninistrative Services <br />Fund#: 744 <br />Ac�ivity#: 47307 <br />Activity Scope <br />TIF District No. 2, Round Lake Off ce, was established as a twenty-five year <br />Redevelopment District on rune 29, 1989. This district is located on the northeasi <br />quadrani of ihe I-35W/i694 intersection. This district will decertify on December 31, <br />2015. <br />Improaernents for this district were funded wxti�. the issuance o£ $3,100,000 General <br />Obiigatian Ta�c �ncrerr�ent Bonds on March 1, 1998. Debt Service Fund No. 325 created <br />ta track repayrnent of �he bond principal and int�rest. An inter-func� loan from the <br />Pe�x�.anent Revol�ing Fund No. 411 was need�d for the acquisi�ion of the Indykiewicz <br />property. This loar� was repaid in full in 2004. <br />4biec�ives <br />NIA <br />�ssues <br />N/A <br />Measurable Worklaad Data <br />None deveiaped at this time. <br />Bu �et Commen�ary <br />There are no sigr�ificant changes in this fund in 2012. Annual transfers are made to Debt <br />Service Fund No. 325 %r p�incipal and interest paymen#s on the G.O. Tax Increment <br />Refunding Bonds, 2004A. <br />72 <br />