Laserfiche WebLink
CITY OF ARDEN HILLS, MINNESOTA <br />Function: Economic Development 253 <br />Activity: TIF #3 Cottage Villas 47305 <br /> <br />Activity Scope <br />Objectives <br />Issues <br />Budget Commentary <br />2018 2019 2020 2021 <br />Budget Summary ACTUAL ACTUAL BUDGET BUDGET <br />Personnel Services -$ -$ -$ -$ <br />Commodities - - - - <br />Contractual Services 1,503 1,570 1,800 1,800 <br />Capital Outlay - - - - <br />Other Charges - - - - <br />Total 1,503$ 1,570$ 1,800$ 1,800$ <br />Percent Change 4.4% 14.7% 0.0% <br />Expenditures by Classification <br />The City no longer has any obligations to pay the developer as of February 1, 2010. Only administrative costs <br />have been planned for 2021. <br />2021 BUDGET <br /> Fund # : <br />Activity # : <br />TIF District No. 3, Cottage Villas Housing, was originally certified as a Housing District on May 10, 1993. This 64 <br />unit Cottage Villas Apartment complex is available for low-moderate income seniors. Originally, this district was <br />set to decertify on December 31, 2009. In December 2009, the City Council extended this district until December <br />31, 2019, to allow the City the possibility of using these funds for other affordable housing projects within the City. <br />Utilize available funds for low to moderate income housing projects. <br />Ensure use of funds is consistent with TIF laws. <br />100% <br />Personnel Services <br />Commodities <br />Contractual Services <br />Capital Outlay <br />Other Charges <br />31