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6. Summary of Individual Tax Increment Financing Districts 22 City of New Brighton, MinnesotaTax Increment Financing (Redevelopment) District No. 20Observations:Lakeview Business Park NorthIn-district obligations fulfilledOriginalModificationRemaining balance to be used for pooling or adminApproval Date2/9/199312/13/2011Actual budget did not exceed cumulative modified budgetRequest for Certification3/10/1993-----Certification Date9/29/1993-----Decertification Date12/31/201912/31/2019Prior Years Current2017 & Prior 201820192020 64,725 22,783 (0)Original Budget Cumulative Modified Budget Projected over District TermTax increment revenue1,575,000 10,600,000 8,502,988 7,698,236 382,874 421,878 - MVHC- - - Investment earnings- 1,050,000 467,859 464,530 3,101 228 (0) Bond Proceeds800,000 - - - - Sales/lease proceeds- 100,000 3,500 3,500 - Loan/advance payments- 101,979 101,979 - - Bond Premium- - - - - - Other: Developer Deficiency- - - - - - Transfer In- - - - - Estimated Tax Increment Revenues2,375,000 11,750,000 9,076,326 8,268,245 385,975 422,106 (0) Land/building acquisition2,000,000 1,500,000 1,125,832 1,125,832 Site improvements/preparation costs- - - - Utilities- 500,000 - - Other qualifying improvements- 5,400,000 5,544 5,544 Construction of affordable housing- - - Temporary ED- - - - Authority Admin275,000 1,050,000 574,101 574,101 County Admin- - 5,344 4,803 541 Other qualifying improvements100,000 - - - Transfer Out- - 5,048,889 4,204,000 400,000 444,889 Estimated Tax Increment Project Costs2,375,000 8,450,000 6,759,710 5,914,280 400,541 444,889 - Interest expense- 3,300,000 465,414 464,950 464 Total2,375,000 11,750,000 7,225,124 6,379,230 401,005 444,889 - Bonds- Surplus / (Deficit)- - Bond Principal Payments(1,593,078) (1,566,166) (26,912) Bond Proceeds Original1,208,989 1,208,989 Bond Proceeds Refunding- - Bond Premium/(Discount)- - Net Bond Payments(384,089) (357,177) (26,912) - - PayGO Note- PayGO Principal824,835 824,835 PayGO Interest590,717 590,717 Interfund Interest51,561 51,561 Total Payments1,467,113 1,467,113 - - - Projected Ending Fund Balance64,725 22,783 (0) (0) District Summary DetailsProjected
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