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2017.09.06 EDC Packet
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2017.09.06 EDC Packet
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Management Review & Analysis – Tax Increment Financing Districts City of New Brighton Page 6 July 2017 TIF Summary The following is a brief summary of each TIF district. Each district is expected to pay all outstanding obligations, except TIF #33 and the inter fund loan for the New Brighton Exchange. TIF #16 TIF #17 TIF #18 TIF #20 TIF #23 TIF #25 TIF #26County Road D - Lakeview BusinessBrighton2121 - 23 Hwy 8 Interstate Remmelle, CBD West Park NorthThorndale Plaza Lakeview South Corporate Park IIITIF AuthorityCity City City City City City CityDistrict TypeRedevelopment Redevelopment Redevelopment Redevelopment Housing Redevelopment RedevelopmentProjectApproved9/27/1988 4/25/1989 4/24/1990 2/9/1993 4/12/1994 4/23/1996 7/28/1997Legal max term12/31/2015 12/31/201612/31/2018 12/31/2020 12/31/2021 12/31/2021 12/31/2024First Increment1990 1991 1993 1995 1996 1998 1999Anticipated Last Increment2015 2016 2018 2020 2019 2018 2024Current ObligationsNone G.O. TIF 2012A G.O. TIF 2012A G.O. TIF 2012B Interfund LoanInterfund Loan G.O. TIF 2012B G.O. TIF 2012B2017 Estimated TIF Revenue$0 $0 $263,866 $349,302 $18,076 $281,685 $870,392County Ramsey Ramsey Ramsey Ramsey Ramsey Ramsey RamseyCounty Number104-0 113-0 138-0 160-0 177-0 189-0 206-0Fiscal DisparitiesAAAAAAA**-Pooled BondsTIF #27 TIF #28 TIF #29 TIF #30 TIF #31 TIF #32 TIF #33Rice Creek BCPII South Brighton Village - Northwest Quadrant Northwest Quadrant Marv's TransmissionKen's Market Center (Soo Line) Beisswenger Office Condo Dev.TIF AuthorityCity City City City City City CityDistrict TypeRedevelopment Redevelopment Redevelopment Redevelopment Redevelopment Redevelopment RedevelopmentProjectApproved4/28/1998 4/28/1998 6/22/1999 11/25/2003 12/14/2004 12/13/2005 12/12/2006Legal max term12/31/202612/31/201612/31/2027 12/31/2031 12/31/2035 12/31/2036 12/31/2033First Increment2001 1999 2002 2006 2006 2007 2008Anticipated Last Increment202620162022 2020 2035 2036 2033Current ObligationsInterfund LoanG.O. TIF 2011B G.O. TIF 2012BInterfund Loan GG.O. TIF 2012B Interfund LoanInterfund Loan G.O. TIF 2006A G.O. TIF 2007B G.O. TIF 2015B G.O. TIF 2016AInterfund Loan G.O. TIF 2006A G.O. TIF 2007B G.O. TIF 2015B G.O. TIF 2016A Interfund Loan2017 Estimated TIF Revenue$27,111 $0 $36,703 $261,465 $725,355 $532,549 $13,671County Ramsey Ramsey Ramsey Ramsey Ramsey Ramsey RamseyCounty Number216-0 217-0 219-0 251-0258-0, 258-1, 274-0, 274-1275-0, 275-1 276-0Fiscal DisparitiesAAAAAAADistrictDistrict
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