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CC_Minutes_2010_0913
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10/1/2010 1:02:00 PM
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10/1/2010 1:01:58 PM
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Roseville City Council
Document Type
Council Minutes
Meeting Date
9/13/2010
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TIF Plan Discussion -Components <br />• J) Findings and Need <br />- Qualifies as Economic Development District <br />• project will create or retain}obs in this state, including construction <br />jobs, and that consWction would not have commenced before <br />July 1, 2011; <br />• construction of the project begins no later than July 1, YOTY ehd <br />• request for certfication of made no later than June 30, 201 L <br />- BuUfor test <br />• "...anticjpateddevebpmentwouMnotoccurwithoutiheuseof. <br />TIF...', <br />.,,,.. ,,..,~. ..,.. .. Cb. SPrlna sietl <br />.. <br />TIF Plan Discussion -Components <br />• K) Estimated Public Costs <br />- Soils corrections <br />- Land acquisition <br />- Installation of public utilities : <br />- Streets and sidewalks <br />- Loan interest payments <br />- Administrative costs <br />- Other expenses -.pooling <br />• .TOTAL ESTIMATED PUBLIC COSTS $ 2,450,557 <br />..~,....~",._,.~.... _ ~ ems; smingstetl <br />', TIF Plan Discussion.- Components <br />• L) Estimated Sources of Revenue <br />- Tax increment revenue <br />- Other <br />• TOTALESTIMATED REVENUE SOURCES $2,450,551 <br />• "M) Estimated Amount of Bonded Indebtedness <br />• N) -0riginal Net Tax Capacity <br />- Base value estimate <br />• $1,537,200 current value <br />• classification as rental progeny' <br />-..,.~,. ,~.,.. >u.,,..., ~ SPrin9sletl <br />3 <br />
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