Laserfiche WebLink
� <br />� <br />K. <br />�. <br />Sources of Revenue <br />The only source of revenue to be used to f' <br />administration costs lnance capital and <br />projects set forth in this Tax Incrementh the development <br />No. 12 within Development District No. 1 Financin <br />generated 9 District <br />as a result of the � is tax increment <br />improvements within taxation of land and <br />increment Development District <br />utilizes financing refers to a fundin N�� 1' Tax <br />attributablec��anew d�n �aluation and the trohel�e that <br />gin�ncin evelopment to finance or a s� t inatMe <br />g af capital and administration costs. <br />improvements as a resul� a f f u t u r e d e ve <br />t o g e n e ra te an annual tax increment of l�pment are expected <br />assumptions of a�otal build out value of $�25�00 based up�n <br />Original Net Tax C�pa�i�y ► 0,�00. <br />Pursuant to ��e�ata Sta +�tes <br />1 and Section 46g�17� Subdivislon��i on 469.175, Sub�ivision <br />Capac�ty for th� �ity of Roseville Tax In �rigin�l Net <br />District No. 12 is based on th� value �r�ment F�nancing <br />by the County �ss�ssor in �990, p1a�Q� on the p�op�rty <br />Capacity is S�,o4�,200. Each year t�e p�fi ri�in�l N�� <br />A��a�or will measur� the amount of C� of th� Cou�ty <br />the tot�1 value of T�x Incr�ment Finan i� �Se �� d@c�e�se i� <br />calcul�te t�e tax 9 District Na, 12�0 <br />�in�ncing District Mo,�n��em�nt payab�e to Tax Yncremen� <br />fncr�as� xn t�t�l ��t 2fi�xr�Cap�c�tar �n which th�re is an <br />Capaci�Y, a tax incr�men� will b� �• abave the Net Tax <br />Payabl �. <br />T�� Couhty Auciitor shal�, certify ;�n �ach <br />th� Oriqir��� �ax C�ap�acity w�s c�rtifa��d ���r after t�� ciAte <br />C�pacity has increas�d o�r d�creased as a�rQsh� a�nun� of �'ax <br />u3t og, <br />i. ch�ng� in tax �xemgt st�tus o� pr� ��t <br />� Y: <br />2. r�d�ctian or enlarc��m,�nt of th� <br />bounda�ies oP the distr�,cte 9�°graphic <br />3. change du� to s�i��u�ations, a <br />n�get��ti�d or caurt-ord�r�d �ba��m�nt d����m�n�s, <br />s. <br />Estimat�d C��tur�d N�t ��x C�pa�city <br />Pursuant to �inh�sQt� St�atut��, S�ction �369. <br />1 and ��e�ota �tatt�t�s 175 Subdi�aision <br />N�t 'rax C�pac�t of ,��ction 4�9.i77 Subdivisian 2, the <br />wi�I annuall Y �ax incr�m�nt Finar��ing District t�o. 1 <br />dispariti�s b��n Fproximate S7o45�,��01 b�s�d � <br />9�ontributed From within Taxp�n fisc�l <br />Fin�ncing Distr�ct No, Increment <br />r�maval oi the buildin 1�' The amo�nt calcul�t�d includ�s <br />a constar�t. g La�� v�lue h�s be�n calcul�t�d �s <br />This amount wi�1 b� c�ptured for u�i to tw <br />give y�ars or until the City�s outstand' @�t�'- <br />ing tax increm�n� <br />