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6. Summary of Individual Tax Increment Financing Districts
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<br /> City of New Brighton,Minnesota
<br /> Tax Increment Financing(Redevelopment)District No.29 Observations:
<br /> I
<br /> BCPN South(Soo Line District has zero cash balance while paying down Interfund Loan.
<br /> District Sunmary Details Projected to be paid in full in 2022
<br /> Original Modification Unused remaining balance
<br /> Approval Date 6/22/1999 12/13/2005 Actual budget not expected to exceed cumulative modified budget
<br /> Request for Certification 6/29/1999
<br /> Certification Date 10/15/1999 ---
<br /> Decertification Date 12/31/2027 12/31/2027 Prior Years Current Projected
<br /> Projected Early Decertification 12/31/2021 I 2017&Prior 2018 2019 2020 2021-2027
<br /> 1 (95,309) (71,570) (35,640) 9,529
<br /> Original Budget Mumulative Modified Budget rojected over District Term
<br /> Tax increment revenue 1,300,000 1,300,000 1,034,261 564,472 38,461 38,590 49,092 343,646
<br /> MVHC - - - - -
<br /> Investmentearnings - 130,000 14,855 2,366 130 420 874 11,066
<br /> Bond Proceeds - 1,006,250 - - - - -
<br /> Sales/lease proceeds 100,000 - - - - - -
<br /> TIF credits 65,000 - I - - - - -
<br /> Loan/advance payments 35,000 1,412,500 - - - - -
<br /> Bond Premium - - - - - - - -
<br /> Other:Developer Deficiency - - - - - - - -
<br /> Transfer In - - - - - - -
<br /> Estimated Tax Increment Revenues 1,500,000 3,848,750 1,049,117 566,838 38,591 39,010 49,966 354,712
<br /> Land/building acquisition 400,000 400,000 280,207 280,207 -
<br /> Site improvements/preparation costs 375,250 225,000 - - -
<br /> Utilities 50,000 50,000 5,544 5,544 -
<br /> Other qualifying improvements 125,000 125,000 - - -
<br /> Construction of affordable housing - - - - -
<br /> Temporary ED - - - - -
<br /> Authority Admin 240,000 130,000 51,853 49,053 - - 2,800 -
<br /> County Admin - - 9,906 4,900 490 518 568 3,430
<br /> Other qualifying improvements - 5,000 - - -
<br /> TransferOut - 700,000 - - -
<br /> Estimated Tax Increment Project Costs 1,190,250 1,635,000 347,510 339,704 490 518 3,368 3,430
<br /> Interest expense 309,750 1,207,500 168,937 168,769 168 -
<br /> Total 1,500,000 2,842,500 516,447 508,473 658 518 3,368 3,430
<br /> Bonds - 1,006,250
<br /> Surplus/(Deficit) - -
<br /> Bond Principal Payments (373,445) (363,063) (10,382)
<br /> Bond Proceeds Original 316,579 316,579
<br /> Bond Proceeds Refunding -
<br /> Bond Premiurd(Discount) -
<br /> Net Bond Payments (56,866), (46,484) (10,382) - - -
<br /> Interfund -
<br /> Interfund Principal -
<br /> Interfund Interest 114,993 107,190 3,812 2,561 1,430
<br /> Total Interfund Payments 114,993 107,190 3,812 2,561 1,430 -
<br /> I Projected Ending Fund Balance I I (95,309) (71,570) (35,640) 9,529 360,810 I
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