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City of Elk River, Minnesota <br /> (4) be consistent with generally accepted accounting principles. <br /> 411 The report shall include, among other items, the following information: <br /> (1) the original net tax capacity of the TIF District; <br /> (2) the captured net tax capacity of the TIF District, including the amount of any <br /> captured net tax capacity shared with other taxing jurisdictions; <br /> (3) for the reporting period and for the duration of the TIF District, the amount <br /> budgeted under the TIF Plan, and the actual amount expended for, at least, the <br /> following categories: <br /> (a) acquisition of land and buildings through condemnation or purchase; <br /> (b) site improvements or preparation costs; <br /> (c) installation of public utilities, parking facilities, streets, roads, sidewalks, <br /> or other similar public improvements; <br /> (d) administrative costs, including the allocated cost of the City; and <br /> (e) public park facilities, facilities for social, recreational, or conference <br /> purposes, or other similar public improvements. <br /> (4) for properties sold to developers, the total cost of the property to the City and the <br /> price paid by the developer; and <br /> • (5) the amount of increments rebated or paid to developers or property owners for <br /> privately financed improvements or other qualifying costs. <br /> Additional information which must be annually reported to the State Auditor, by August 1 of <br /> each year, includes: <br /> (1) for the entire City: <br /> (a) the total principal amount of nondefeased tax increment bonds <br /> outstanding at the end of the previous calendar year; and <br /> (b) the total amount of principal and interest payments that are due for the <br /> current calendar year on tax increment bonds. <br /> (2) for each tax increment financing district in the City: <br /> (a) the type of district; <br /> (b) the date the TIF District is required to be decertified; <br /> (c) the amount of any payments and the value of in-kind benefits, such as <br /> physical improvements and the use of building space, that are financed <br /> with revenues from increments and are provided to another governmental <br /> unit during the preceding calendar year; <br /> • (d) the tax increment revenues for taxes payable in the current calendar <br /> year; <br /> SPRINGSTED Page 13 <br />