Laserfiche WebLink
<br /> I !i<nt6(T A- ~ \ <br /> I <br /> Ie Memo '- <br /> I To: Terry Post <br /> From: Steve Apfelbacher? Mark Ruff <br /> I Subject: Preliminary TID numbers for Welsh Projects <br /> Date: March 12,1997 <br /> I We have prepared preliminary numbers for this three~phased project. After projecting future TID <br /> numbers for each phase, we ran a taxable and tax-exempt G.O. Tax Increment issue \0 project the <br /> I net issue proceeds that would be available to pay for project costs. Certain project costs such as land <br /> acquisition would be financed with taxable debt. Not knowing the mix of projects, we attempted <br /> to bracket the range of project costs that could be fmanced. A summary of the attached Exhibits is <br /> I as follows: <br /> PHASE 1 PLUS PHASE 11 PLUS PHASE ill <br /> I <br /> TAXABLE DEBT <br /> .. Bond Issue $1,505,000 $2,610,000 S3,560,000 ..- <br /> il~ ' <br /> Net Project Proceeds $ 1,281 ,600 $2,239,765 $3,062,310 (~-_. <br /> I TAX-EXEMP'l' DEBT <br /> , <br /> I Bond Issue $1,745,000 53,040,000 $4,160,000 <br /> Net Project Proceeds 51,555,589 $2,727,653 53,740,466 <br /> I Please review our assumptions contained in the exhibits. We need to review in more detail the base <br /> I value parcels. The overall impact should be in the range we have projected unless the added parcels <br /> for the Welsh project are not paIt of this exhibit listing. <br /> I You should be aware of S.F. 1100 that was introduced setting February 28, 1997 as the moratorium <br /> date for new TID expenditures. Who knows if it will pass? <br /> I We look forward to hearing from you. <br /> I ~ <br /> Ehfers and Associates, Ine, <br /> 2950 Norwest Center ~ 90 South Seventh Street <br /> f' Minneapolis, Minnesota 55402 <br /> (612) 339.6291 "l' FfV< (612) 339-0854 <br /> Steve@ehlers-Ine.eom ~ -- <br /> I <br /> .__,.......,0-,0.. <br /> - - <br />