9.0. SR 07-26-1993 - Laserfiche WebLink

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FOLLOWING IS A LISTING OF THE FACTORS USED IN THE CALCULATION OF YOUR CITY'S 1994 LOCAL GOVERNMENT AID. SEE THE ENCLOSED LETTER FOR AN EXPLANATION OF THESE FACTORS AND FOR ADDITIONAL INFORMATION CONCERNING THE DETERMINATION OF YOUR CITY'S AID. 1. PRE-1940 HOUSING UNITS: 2. TOTAL HOUSING UNITS: 3. PRE-1940 HOUSING PERCENTAGE: 4. 1982 POPULATION: 5. 1992 POPULATION: 6. POPULATION DECLINE PERCENTAGE: 7. 1992 TOTAL CLASS 3 REAL PROPERTY MARKET VALUE: 8. 1992 TOTAL REAL AND PERSONAL MARKET VALUE: 9. COMMERCIAL/INDUSTRIAL PERCENTAGE: 10. TRANSFORMED POPULATION: 11. CITY REVENUE NEED: ~12 1993 CITY NET LEVY: _13: 1992 CITY NET TAX CAPACITY: 14. TAX EFFORT RATE: 15. NEED INCREASE PERCENTAGE: 16. PRELIMINARY AID INCREASE {15 X (11 X 5)-{13 X 14)): 17. 1993 LOCAL GOVERNMENT AID: 18. 1993 EQUALIZATION AID: 19. 1993 DISPARITY REDUCTION AID: 20. CITY AID BASE (17+18+19): 21. MAXIMUM AID INCREASE: 22. FINAL AID INCREASE (LESSER OF 16 OR 21): 23. BASE REDUCTION PERCENTAGE: 24. TOTAL 1994 AID DISTRIBUTION (22 + 20 - (20 X 23)): t';""-- J U L 2 6 1993 MINNESOTA DEPARTMENT OF REVENUE LOCAL GOVERNMENT SERVICES DIVISION MAIL STATION 3340 SAINT PAUL, MINNESOTA 55146-3340 PHONE: (612) 296-5141 ~ 1994 LOCAL GOVERNr.ENT AID NOTICE CITY ADMINISTRATOR CITY HALL ELK RIVER CITY OF 13065 ORONO PKNY BOX 490 ELK RIVER MN 55330 THE 1994 LOCAL GOVERNMENT AID FOR YOUR CITY IS $ 242,240 25. REDUCTION FOR STATE COSTS: 26. REDUCTION RESULTING FROM ESTABLISHMENT OF TIF DISTRICT: 27. FINAL 1994 LOCAL GOVERNMENT AID AFTER REDUCTIONS (24-25-26): . JULY 23, 1993 289 3,887 7.44 7,077 12,041 .00 $ 64,668,140 $ 401,581,025 16.10 683.71 $ 214.61 $ 1, 567,769 $ 8,534,298 .24813 2.02716 $ 9,457 $ 179,854 $ 53,298 $ 0 $ 233,152 $ 78,388 $ 9,457 .00 $ 242,609 $ 369 $ 0 $ 242,240 Yo Yo Yo Yo Yo