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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 />• 0) Original Local Tax Rate <br />-.110.862% (payable 2010) <br />• P) Projected Retained Captured Net Tax Capacity <br />and Tax Increment <br />• Q) Use of Tax Increment <br />• R) Excess Tax Increment <br />• S) Tax Increment Pooling anc4 the 5 Year Rule <br />- At (east 80% of increments expended within district <br />.u~,.,.~,o,.,o.,.~,. ~ L;; sor~astee <br />TIF Plan Discussion -Components <br />• T) Limitation on Administrative Expenses <br />• U) Limitation on Property-4YearRule <br />- Parcels removed from District if no activity after 4 <br />years <br />• V) Estimated Impact on Other Taxing <br />Jurisdictiohs <br />- iSD 621, Ramsey County <br />_o.„. Se«~. ~a„u., ,~ ~ sarmgscee <br />TIF Plan Discussion -Components <br />• W) Prior Planned Improvements <br />- Building .permits issued in last 18 months <br />• To eliminate from collecting incremen(on increased tax <br />capacitythatoccurred before the TIF District was created <br />• X)' Development Agreements <br />- Instrumentwhich dictates9erms of the subsidy <br />• Y) Assessment Agreements <br />~~~,~ s~ ,~. •~„~.~,~ €3 svrovstee <br />4 <br />
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