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Contracts <br /> <br />No contracts have been entered into at the time of the <br />preparation of this Tax Increment Financing Plan. <br />Proposed contracts for services associated with Tax Increment <br />Financing District No. 14 include: <br /> <br />· Contract for Construction of a 9,324 Square Foot <br /> Facility (by Marketech, Inc.) <br />· Soft Borings and Analysis <br />· Site Preparation and Development <br /> <br />ro <br /> <br />FINANCIAL <br />DISTRICT NO. 14 <br /> <br />1. Tax <br /> <br />ANALYSIS OF TAX INCREMENT FINANCING <br /> <br />Increment Financing District No. 14 Cost Estimates <br /> <br />Budget <br /> <br />Land Write Down <br />Administration & Legal <br />Miscellaneous <br /> <br />Total <br /> <br />Bonded Indebtedness <br /> <br />Amount <br /> <br />$65,100 <br />$ 1,000 <br /> <br />$67,100 <br /> <br />The City of Elk River anticipates a pay-as-you-go Tax Increment <br />Financing District No. 14 and no bonds will be issued. <br /> <br />Sources of Revenue to Pay Public Costs <br /> <br />Tax Increments collected from the Marketech, Inc., expansion <br />will be used to pay the pubhc costs associated with Tax <br />Increment Financing District No. 14. <br /> <br />Original Tax Capacity <br /> <br />The original net tax capacity, based on the 1995 valuation, for <br />the real property in Tax Increment District No. 14 is estimated <br />to be $2,300. The County Auditor Certification attributable to <br />this value is attached as Exhibit C. <br /> <br /> <br />