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elects, pursuant to Minn. Stat. § 469 . 177, subd. 2 (a) ( 1 ) , to <br /> retain the full captured assessed value of the TIF District and • <br /> to use all of the tax increment generated by the TIF District <br /> for the purposes identified in this TIF Plan. <br /> 6 . Duration of the TIF District <br /> In accordance with § 469 . 176, subd. 1 of the TIF Act, the <br /> City, with this economic development TIF District, may continue <br /> to receive tax increment payments until eight years from the <br /> date of the receipt of the first increment, or until ten years <br /> from approval of the TIF Plan, whichever is less . <br /> The City approved the TIF Plan on June 20, 1988, and will <br /> approve the amended TIF Plan on October all , 1988 . Therefore, <br /> one defined termination date after which tax increment income <br /> cannot be received is June 20, 1998 . • <br /> The City will request the County Auditor to distribute <br /> all taxes payable in 1989 , from the TIF District to all taxing <br /> jurisdictions and to make no distribution of tax increment to <br /> the City for taxes payable in 1989 from the TIF District. The <br /> first tax increment from the TIF District to be received by the <br /> City will be received for taxes payable in 1990 . Tax increment <br /> will continue to be received by the City for eight full years , <br /> to and including 1997 , at which time no further increments may <br /> be received by law and the TIF District will terminate. <br /> G. CASH FLOW ANALYSIS <br /> Attached as Exhibit C to this TIF Plan is the Cash Flow <br /> Analysis for TIF District No. 5 . <br /> • <br /> 11 . <br />