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2018.06.06 EDC
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2018.06.06 EDC
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Management Review & Analysis – Tax Increment Financing Districts City of New Brighton Page 6 April 2018 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 #18 TIF #20 TIF #23 TIF #25 TIF #26 TIF #27Lakeview BusinessBrightonRemmelle, CBD West Park NorthThorndale Plaza Lakeview South Corporate Park III Ken's MarketTIF AuthorityCity City City City City CityDistrict TypeRedevelopment Redevelopment Housing Redevelopment Redevelopment RedevelopmentProjectApproved4/24/1990 2/9/1993 4/12/1994 4/23/1996 7/28/1997 4/28/1998Legal max term12/31/201812/31/2020 12/31/2021 12/31/2021 12/31/2024 12/31/2026First Increment1993 1995 1996 1998 1999 2001Anticipated Last Increment20182020 201920182024 2023Current ObligationsG.O. TIF 2012A G.O. TIF 2012B Interfund LoanInterfund Loan G.O. TIF 2012B G.O. TIF 2012B Interfund Loan2018 Estimated TIF Revenue$288,670 $405,476 $20,221 $346,359 $931,783 $32,089County Ramsey Ramsey Ramsey Ramsey Ramsey RamseyCounty Number138-0 160-0 177-0 189-0 206-0 216-0Fiscal DisparitiesAAAAAA**-Pooled BondsTIF #29 TIF #30 TIF #31 TIF #32 TIF #33BCPII South Brighton Village - Northwest Quadrant Northwest Quadrant Marv's Transmission(Soo Line) Beisswenger Office Condo Dev.TIF AuthorityCity City City City CityDistrict TypeRedevelopment Redevelopment Redevelopment Redevelopment RedevelopmentProjectApproved6/22/1999 11/25/2003 12/14/2004 12/13/2005 12/12/2006Legal max term12/31/2027 12/31/2031 12/31/2035 12/31/2036 12/31/2033First Increment2002 2006 2006 2007 2008Anticipated Last Increment2021 2019 2035 2036 2033Current ObligationsInterfund 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 Loan2018 Estimated TIF Revenue$41,656 $309,337 $938,747 $625,022 $15,603County Ramsey Ramsey Ramsey Ramsey RamseyCounty Number219-0 251-0258-0, 258-1, 274-0, 274-1275-0, 275-1 276-0Fiscal DisparitiesAAAAADistrictDistrict
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