My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
11-21-05-WS
ArdenHills
>
Administration
>
City Council
>
City Council Packets
>
2000-2009
>
2005
>
11-21-05-WS
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/17/2012 3:48:53 PM
Creation date
9/17/2012 3:43:05 PM
Metadata
Fields
Template:
General
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
66
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
EN HILLS <br /> 2006 ADOPTED BUDGET-SUMMARY BY DEPT. <br /> Department Name: TIF District #3 — Cottage Villas <br /> 2005 Budget: $35,020 2006 Proposed Budget: $38,250 <br /> Departmental Overview/Summary: <br /> TIF Dist No. 3, Cottage Villas Housing,was originally certified as a Housing District on <br /> May 10, 1993. This district is located on the east side of Cleveland Ave,just south of <br /> County Rd E-2/Cleveland Ave intersection. This 64 unit Cottage Villas Apartment <br /> complex is available for low-moderate income seniors. <br /> The City entered into a"pay-as-you-go"agreement with Cottage Villas of Arden Hills <br /> Limited Partnership on February 28, 1994. The Development Agreement calls for the <br /> developer to be reimbursed for certain public development activities initially estimated at <br /> $834,286. Repayment to the developer will only be from tax increment actually received <br /> from the district. Payments will be 90%of the tax increment received not to exceed a <br /> total annual payment of$57,557. The City is not obligated to make payments after <br /> February 1,2010. <br /> Financial Overview- 2006 -� <br /> TIF #3 Cottage Villas <br /> Capital <br /> Outlay, $0, Other <br /> 0% <br /> SendCharges, <br /> $38,250, <br /> Operating 100% <br /> Transfers, $0, <br /> 0% <br /> Personal <br /> Supplies, $0, Services, $0, <br /> 0% 0% <br /> Significant Changes from Prior Year: None <br /> 56 <br />
The URL can be used to link to this page
Your browser does not support the video tag.