4.1. SR 02-17-1998 - Laserfiche WebLink

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SECTION I. SECTION II. Section A. Section B. Section C. Section D. Section E. Section F. Section G. Section H. Section I. Section J. Section K. Section L. Section M. Section N. Section O. Section P. Section Q. Section R. Section S. Section T. Section U. Section V. Section W. Section X. Section Y. Section Z. Section AA. Section AB. Section AC. Section AD. EXHIBIT A EXHIBIT B EXHIBIT C TABLE OF CONTENTS TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 17 MODIFIED DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT ........ I-1 TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 17 Statutory Authority ............................................................................................... II-1 Statement of Objectives ....................................................................................... II-1 Development Program Overview ......................................................................... II-2 Description of Property in District No. 17 ........................................................... 1I-2 Classification of the Tax Increment Financing District ....................................... II-3 Property To Be Acquired ..................................................................................... II-3 Estimate of Costs - Use of Funds ......................................................................... I1-4 Estimated Amount of Loan/Bonded Indebtedness ............................................... II-5 Sources of Revenue .............................................................................................. II-5 Original Tax Capacity and Tax Rate .................................................................... I1-5 Amount of Captured Tax Capacity and Tax Rate ................................................ II-6 Duration of the District ........................................................................................ II-6 Estimated Impact on Other Taxing Jurisdictions ................................................. II-7 Modifications of the Tax Increment Financing District ....................................... II-7 Administrative Expenses ..................................................................................... II-8 Duration of Tax Increment Financing Districts ................................................... II-8 Limitation on Qualification of Property in Tax Increment District Not Subject to Improvement ................................................................................ II-9 Limitation on the Use of Tax Increment .............................................................. II-9 Notification of Prior Planned Improvements ..................................................... II-10 Excess Tax Increments ....................................................................................... II-10 Requirement for Agreements with the Developer ............................................. II-10 Assessment Agreements .................................................................................... II- 10 Administration of District and Maintenance of the Tax Increment Account ..... II-11 Financial Reporting Requirements ..................................................................... II-11 Municipal Approval ........................................................................................... II- 13 County Road Costs ............................................................................................ II-14 Other Limitations on the Use of Tax Increment ................................................ II-14 Reduction in State Tax Increment Financing Aid .............................................. II-15 Economic Development and Job Creation ......................................................... II-16 Summary ............................................................................................................ II-16 Boundary Map of Tax Increment Financing District No. 17 ............................... A-1 Cashflow Analysis and Base Value Analysis ...................................................... B-1 Minnesota Business Assistance Form ........................................................................ C-1