|
Form P4 CITY OF ROSEVILLE, MINNESOTA
<br />SCHEDULE OF SOURCES AND USES OF PUBLIC FUNDS
<br />FOR MUNICIPAL DEVELOPMENT DISTRICT Ikl & lk2 TAX INCREMENT FINANCING DISTRICTS
<br />INCEPTION TO DECEMBER 31, 1985
<br />Accounted
<br />Original for in
<br />BudQet Prior Years
<br />Source of Funds:
<br />Bond proceeds $19,770,000
<br />Tax increments received $ 30,456
<br />Interest on invested funds 80
<br />Total Sources of Funds $19,770,000 30,536
<br />Uses of Funds:
<br />Land acquisition
<br />Site improvements or
<br />preparation costs
<br />Installation of public
<br />utilities and improvements
<br />Other - Bond Counsel, Fiscal
<br />Agent
<br />Total Uses of Funds
<br />$ 1,043,000
<br />181,000
<br />5,411,000
<br />$ 6,635,000
<br />Funds Remaining (or Deficiency) $13,135,000
<br />$ 56,364
<br />9,188
<br />$ 65,552
<br />$(35,016)
<br />(1) The following bonds were issued on Decem6er 1, 1985:
<br />(A) General Obligation Tax Increment Bonds Series 1
<br />(B) General Obligation Tax Increment Bonds Series 2
<br />Current Amount
<br />Year Remaining
<br />$ (1) $ (1)
<br />122,362
<br />161,494
<br />283,856 $19,455,608
<br />$ 1,043,000
<br />181,000
<br />5,354,636 ;
<br />186,750 (195,938) '
<br />186,750 $ 6,382,698 �
<br />97 106 $13,072,910
<br />$14,300,000
<br />$ 8,420,000
<br />The bonds issued pertain to both districts as the districts are combining
<br />increments for debt service purposes.
<br />(2) The following tax exempt bonds were issued in 1985:
<br />(A) $3,750,000 Commercial Development revenue Note of 1985
<br />Oakcrest Development Company
<br />(B) $17,500,000 Rental Housing Revenue Bonds of 1985
<br />Rosepointe Housing Limited Partnership
<br />(C) $4,i00,000 Industrial Development Revenue Note of 1985
<br />Berger Storage and Transfer
<br />-80-
<br />
|