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Last modified
7/23/2014 9:06:24 AM
Creation date
3/11/2014 3:47:47 PM
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Roseville City Council
Document Type
Council Resolutions
Meeting Date
3/3/2014
Resolution #
11134
Resolution Title
RESOLUTION APPROVING ADMINISTRATIVE AMENDMENTS TO THE TAX INCREMENT FINANCING PLANS FOR TAX INCREMENT FINANCING DISTRICTS NO. 10 AND NO. 12
Resolution Date Passed
3/3/2014
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City of Roseville, Minnesota <br /> Tax Increment Financing District No. 12 Finance Plan <br /> Section G Estimated Public Costs <br /> The estimated public costs of the TIF District are listed below. Such costs are eligible for reimbursement from tax increments <br /> of the TIF District. <br /> Estimated Amount Estimated Amount <br /> Estimated Project Cost June 20,2005 March 3,2014 <br /> Modification Amendment <br /> Land/building Acquisition 1,200,000 1,750,000 <br /> Site improvements/preparation costs 200,000 900,000 <br /> Utilities 600,000 350,000 <br /> Other qualifying improvements 200,000 200,000 <br /> Construction of affordable housing 0 0 <br /> Administrative Costs 370,000 100,000 <br /> Subtotal 2,570,000 3,300,000 <br /> Interest <br /> 770,000 40,000 <br /> Total 3,340,000 3,340,000 <br /> The City reserves the right to administratively adjust the amount of any of the items listed above or to incorporate additional <br /> eligible items,so long as the total estimated public cost is not increased. <br /> Under this Plan as amended, the City estimates additional eligible capital and administration costs associated with <br /> redevelopment of the Dale Street Fire Station area into 26 attached and detached townhomes, including acquisition, <br /> demolition and site improvements,will be financed with available tax increment revenues of this District. The total estimated <br /> project cost amount is not being increased as a result of this administrative amendment. <br /> SPRINGSTED Page 1 <br />
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