1997-09-24 - CC Packet - (Admin.)

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Subsection H. Sunonrtive Data for Estimated Costs of Improvements Original As Modified Item Estimated Cost September 24 1997 Total Upgrade of Clearwater Crossing $401,200 $0 $401,200 Water and Sewer improvements 100,000 0 100,000 Annexation engineering 6 000 0 6.000 Subtotal $507.200 0 5507,200 Annexation planning (Council Estimates) 4,000 0 4,000 County Road #14 and Centerville Road 50,090 0 50,000 Improvements (Council Estimates) Site Improvements 0 550,000 550.000 Interest 0 100,000 100,000 Land Acquisition for parkland ar.d traits 100,000 60,000 160,000 creation (Council Estimates) Land A cquisition for Senior Housing 0 L 000 120.000 Total 5661,200 $830,000 $1,491,200 Subsection Q. Estinuited Impact on Other Taring Jurisdictions It is anticipated that the value of the parcels ineludcd in the Tax Jnercm_tu Dkirict will increase with new construction and then retrain siah'e fto.a vear to year because of the completion of construction thereon, the impact of tax increment tinan:.ing oa the eahlfls of Al taxing jurisdictions in which the Tax Increment District is 40cat4 1 iP v.h + "le or in part \could also u stable from year co year. Ea ed on this assumption, it is mnticipwtd that tax imeletnenG .- ill he captured annually. The estimate is based on the qualifications identified in this report and does not include the possible tax increment dery ed from any other future decatopnent tax rate change; or inflation factors. Total eS:irtt »:: rti:,0 Ta:: ^ ' ^a, r ,._ ;:f _. 2 \';. Tz° i ^.crcra2at Dist: � T�'o. ? -3 (January , _ 19 52 1 4 AU 'includes base slue and captured value). IMPACT ON TAX BASE 1988/1989 Estimated Captured Total Net Tax Capacity (CTC) Percent of CTC Tg Capacity Upon Project Completion to Entity Total Anoka County 149,612,819 18,000 0.0120% i.S,D. No. 13 9,630,703 18,000 0.1869% City ofCenterviile 636,981 18,000 18258% City ,f ecnlc. iWQ Mc,e.:fi.ndon tr, he Tax In <rcnm,t F%n:rr a:g Plan fp, Tor Iwrcmenl Financmg p,clict Mn. 13 4-2