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12-16-19-SR
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12-16-19-SR
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12/16/2019 4:07:41 PM
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<br />City of Arden Hills <br />Tax Increment Financing District No. 5: TCAAP 2 <br />Table of Contents <br /> <br />Modification to the Development Program for Development District No. 1 ................................... 3 <br />Foreword ................................................................................................................................... 3 <br />Tax Increment Financing Plan for TIF District No. 5: TCAAP ....................................................... 4 <br />Foreword ................................................................................................................................... 4 <br />Statutory Authority .................................................................................................................... 4 <br />Statement of Objectives ............................................................................................................ 4 <br />Development Program Overview .............................................................................................. 4 <br />Description of Property in the District and Property to be Acquired .......................................... 5 <br />Classification of the District ....................................................................................................... 5 <br />Duration and First Year of Tax Increment of the District ........................................................... 6 <br />Original Tax Capacity, Tax Rate and Estimated Captured Net Tax Capacity Value/Increment <br />and Notification of Prior Planned Improvements ....................................................................... 6 <br />Sources of Revenue/Bonds to be Issued .................................................................................. 7 <br />Uses of Funds ........................................................................................................................... 8 <br />Estimated Impact on Other Taxing Jurisdictions ....................................................................... 9 <br />Supporting Documentation ..................................................................................................... 11 <br />Administration of the District ................................................................................................... 11 <br />Appendix A: Map of Development District No. 1 and the TIF District ..................................... 12 <br />Appendix B: Estimated Cash Flow for the District .................................................................. 13 <br />Appendix C: Findings Including But/For Qualifications .......................................................... 14 <br />Appendix D: Special Legislation for the District ..................................................................... 16 <br /> <br />
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