Correspondence 1989-1992 Waldron

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Pursuant to �innesota Statutes, S�ction 469.175, Subdivision � 6, the City must file with the State Audit�r on or before �uly 1, an annual financial re�ort for the Tax Increment Financing District No. 12. The report shall also be filed by the City with the school board and county board. The report shall: � (12 make full disclosure of the sources and uses of public funds in tha Tax Increment Financinq Diatrict No. 1�; (2) permit comparison and reconciliation with the City's accounts and financial reports; (3) permit Suditinq af the funds ex�ended on behalP of the Tax Increment Ffnancing District No. 12, or that is funded in part or whole through the use ot a developm�nt account �unded with tax incr�ments from other tax increm�nt financing districts within D�velopment District No. 1 or with oth�r public �oney; and (4� b� consi�tent with gano�elly accepted acccunting principlea. In addition, th� report shall contai� th� fo�lowin� in�ormation: (1� th� Oriq,inal N�t ��x C�p�c�ty o� th� �a� ��ncrom@nt Fi.nanc,inq Dis�r�i�t No. 12; (2� the GBptu��d EstimatQd Markat Velue o� tho "�ax Zncrc�m�nt Fin�ncing Dist��ct No. l�, incl�udinc� �t�c� a�,oun� o� any captur�d tax capacity shar�d �r��h o�h�� tax dis��i��s; (3� tha outst�►nd�ng pr�ncip�l amount o� �ax ir�cr@m�n� bcnd� issuod or okh�r �o�nss incu�red to �inance pro��ct �o�ts in Tax ��cram�nt �in�ncing Dis�r�ct t��o. �2; (4j �or, th� repor�inc� perio�d end for tha dura�3�on o� 'T�►x Incram@nt F,��ancing Distr,�ct No. 12 r th� amoun� budg�t�d under the Tax Incx�m�nt Financ.i�g Pl�n, �nd the actua� �mou�t �xp�nd�d �or, st lea�t� tho �ollowing categor�aa: (a�� cqu,isf�ion o� l�nd and buildinc�s tfi�ough condemnation or purcha�sQ; (bj site improv�m�nts or �r�p�r�tion costs; (c� installati,ar� of public utilities or oth�r public improvem�nt�; �nc1 (d) administrativ� costs, inc;luding tho alloeated cost of the City; � (5� For propertios sold to developers, the t�tal cost