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Home My WebLink About[06a] Approval of Disbursements December 29, 2011 MinnWest Bank PO Box 7429 St. Cloud MN 56302 -7429 RE: TIF 1 -4 Tax Settlement — Vic West Dear Sir or Madam: In accordance with the Tax Increment Financing Agreement with the City of St. Joseph, enclosed is a payment in the amount of $ 29,873.24 for the second half tax settlement for 2011. The amount represents 90% of the increment received from the district as noted in the development agreement. If you have any questions or need additional information please feel free to contact me at 320 - 363 -7201. Sincerely, CITY OF ST. JOSEPH Lori Bartlett Finance Director cc: St. Joseph EDA File (Tax Increment Financing — District 1-4, Payments, 2n Payment 2011) City of St. Joseph Minnesota Tax Increment Financing District No. 1-4 St. Joe Development LLC (Vicwest) TIF District #110 PID - 84 -53470 -230 Note Payment Schedule Payment to: PROJECTED BUDGET Minnwest Bank ACTUAL PAYMENTS WILL DEPENT ON ACTUAL TIF AMOUNTS RECEIVED! Note Details Amount of Note (starting principal) 643,000 Note Dated 1- Aug-02 Annual Payment Date 15 -Dec Interest Rate 7.50% Note Pa ment Schedule ri ® ........ .�, �, r.. ......... .:. .....,aka _ , „:. € 7¢ ;., sst • • Ma 2004 $ - $ - 2004 - 24,112.50 24,112.50 0.00 643,000.00 , o ro„ $. v .,., , .74 0.00 ..;2.7 a ' ".7..2 35171” 12/15/2004 Ma , 2005 $ - $ - 2005 - 22,515.65 22,515 65 0.00 600,417.26 w w 2005 $ 47,259.54 .59 " ' '_ i', ' 22,515 65 44 533. 7 . •: .67: a; 12/30 .a r i Ma , 2006 $ 27,845.92 $ 25,061.33 2006 4,140.69 20,920.64 25,061.33 532,822.34 37592 7/17/2006 Dec, 2006° .$. 27,84 s , 5 8 , , a 19x980.84 25064.33 'tom 1t 61 , Ma , 2007 $ 29,716.27 $ 26,744.64 2007 7,703.60 19,041.04 26,744.64 481,016.37 Dec 2007 $ 29,716.28._$;... 744.63 8.706.52 18; afaX1 26744.63 454 ; 1.7" Ma , 2008 $ 31,066.39 $ 27,959.75 2008 10,924.56 17,035.19 27,885.23 426,386.51 Dec. 2008 $ 31 06539. s 27,955.75' 11 970.26 .h- , 1 . -F. 49 27,959.75' Ma , 2009 $ 33,096.07 $ 29,786.46 2009 14,845.46 14,941.00 29,786.46 368,640.29 Dec, 2009 $ 33 096.07,=- ,$. °,,,29 786.46 "" 15 962.45 :':: 13824:80E-', 29,786.46' 3s8853.83- Ma 2010 $ 34,190.13 $ 30,771 12 2010 18,064.10 12,707.02 30,771.12 308,082.71 Dec. 2010 $ 34 190.10 $ 30,7711 19,218.04 11 653.10 ' 30771.14 277 3 11.57'; Ma 2011 $ 33,192.49 $ 29,873.24 2011 $ 19,474 10,399 $ 29,873 247,438.33 De a, 2011 3;,, $ 29 873.24 $ 20 694 9 ='29'873' 217 506.09 Ma , 2012 - $ - 2012 $ 8,159 8,159 $ - 217,565.09 Dec " ;$ - $ 8159 8,159 $.;..., . - 217565.09,' Total $ 472,788.26 $ 425,509.43 156,340 $ 269,170 425,509 - -- `Development Agreement notes: not to exceed $643,000 in principal payments. ** 2004 Note: The increment was not collected in May due to an error in the Auditor's Office. The County fixed the error and submitted payment for 2004 October 29, 2004. 2005 Note: The payment for the May Tax Settlement was not received by May 15. Therefore the increment could not be paid. 2008 Note: The city discovered the entire project area classified in the TIF district by the County. The city sent a letter to the county on 8 -1 -05 to correct the error to remove 6 PIDs from the district. The city over collected $20,699.49 for the 6 parcels. The city did not return the money to the county to redistribute to all the taxing jurisdictions until June 2008. 2008 Note 2: The discovered the 2005 county administrative charge of $74.52 was not deducted TIF received from the County. Therefore, the city overpaid Minnwest. The city deducted $74.52 from the July 2008 TIF disbursement to Minnwest. December 29, 2011 Sentry Bank 400 — 4 Ave NE P O Box 159 St. Joseph, MN 56374 RE: TIF 2 -1, Millstream Shops & Lofts, Tax Settlement Dear Sir or Madam: In accordance with the Tax Increment Financing Agreement with the City of St. Joseph, enclosed is a payment in the amount of $ 12,728.19 for the second half tax settlement for 2011. This represents 90% of the increment received from the district as noted in the Development Agreement. If you have any questions or need additional information please feel free to contact me at 320 - 363 -7201. Sincerely, CITY OF ST. JOSEPH Lori Bartlett Finance Director cc: St. Joseph EDA File (Tax Increment Financing — District 2 -1, Payments, r Payment 2011) City of St. Joseph Minnesota Tax Increment Financing District No. 2 -1 Millstream Shops and Lofts (Collegeville Communities) TIF District PID - 84- 53870 - 0000,84-53871.0001,84-53882 -0000, Note Payment Schedule 84- 53883 -0000,84-53872- 0000,84-53874-0010 Payment to: PROJECTED BUDGET Collegeville Communities ACTUAL PAYMENTS WILL DEPENT ON Sentry Bank, Attn: Doug ACTUAL TIF AMOUNTS RECEIVED! Note Details Amount of Note (starting principal) 467,000 Note Dated 1- Jun-07 Semi - Annual Payment Dates 2/28, 8/31 Interest Rate 8.25% TIF Duration 28 ears Note Pa ent Schedule t3 3 zi 7E ECl �1 Ma 2009 3,200.00 2,880.00 2009 2,687.36 192.64 2,880.00 464,120.00 41938 8/28/2009 2' 991.• ;, s c , E t ∎MI•111111111111 ezalgimmais 12 719.09 MCIEMIIIMEMICE1 190.26 12,719.09 448,520.91 -- 2 s ®sr „r ,175801 C,a 1578.18 >. a " l■=111111111111111 L L EM 23,580.89 �NIECOM 21,044.38 .4111611EIMBEEMI -- E ; a r:_ 7.10 1 " 565.... ; 667.71 L ENIEN ∎MIIIIIIM W 164 164 IIIMMIMEEMENEll _ ,,, 16442, 2 ; . 581,22 164.42 164.42 IMIMEMaillIE .° mn1=1=111=. 8 164.42 164.42 IMIMMEECEIBI !. 307 ,. <. .- 164. -s s , ., 398,587' , � MINIII∎ s_ n 164 7,." _; "= "164.42 398 58/72 imrssan . 164 164 42 -- - „ 1sa.a 164 2 z 164.42 164.4 , ... ....1 !12' 698 $772 iENE313■■MMEMINEMIM 164 42 - - Dec 2016 - 16442 164.42- 3 .- 22 MENECiailiiiilMCEEM 164 42 164 -- Dec. 2013 168 4 , z> 164:42 otiu_dr ■MMIIIIIIIIIIM 164 164.42 M=MINEXCMEIMIll Dec 2021x:- 168 91 . , i t. 399 .,•'r € L it 164.42 164.42 IlE�M -- Dec,1 16442, , ..,,::, 164;, 398 WM mIECEI■1111M11■11M W 164 42 164.42 IlIMINECESSEIIMMEIMI . _ x 104. - Marffrii LIBIECEEIMIIIMI■MMCE111 164 164 42 1.11111MMEIMSEI . s ;164"42 7,72 w? 168 42, 398 58 ° 111311021- Z 164.42 164 42 -= 164, d, 164 - 42 395 587.73 ° - LIBIEEI■IMIIIIIMINIMEEEM 164.42 164.42 MEMZEIESEEIMMIIIIIIII Oec.2023 16442, .rp : € "' 30; 537.72 EITECEM-NII . 16442 164.42 ■- 1 k I D e c . 164421- " - . , - : 1 6 4 . 4 2 . 121111DEtill■I■MIECEEM 164 42 164 42 MIIMENIMIEBEIIIIIIMMEI Dec. 2 - 164 4 1 398 58 Ma , 2028 -1/MMIBEECM 164.42 164.42 IM- . 2028 164.42J 2" 395 84702 EEI:MI 164 164 42 -- Dec.2022 164. %" „x 164.42= i;i: ••,7 F EBIECE31111■1•1■=111131M1 164.42 164.42 bec. 2020 ., 16442, ,,. ",.;6,1 32` 388ORM IZEIECO-MMESIMIBMEE 164 MMIECICarEl - Dec 2037, 164.42 1" 398 7.72: IMECEIIIMMINOMMECEIN 164 42 164 IMINEEMBEIMMIIIIII Deo, 203; 164.42 ;' 164,42, 3 547 Z3;,' lu�-1 -MIl 1 164 42 164.42 a : : 164 164 433 98Z72 LIEPECEIIIMEM.MCCEI 164 IMMULEINIIIIIIMEEMMEIN - floc. „ , 164 a 164.4" 346.:: 72 , EMElla-■MM . 164 164, • :: 164.42 ME - MEMME:la. 164.42 164.42- - 16442 164:,42; - •7,72; 'Development Agreement notes: not to exceed $467,000 in principal payments " 2009 Note: The increment was not collected in May due to an error in the Auditors Office. The County fixed the error and submitted payment for May 2009 on August 31, 2009. Sent TIF collection to developer 8 28 - 09. Correct TIF report for 2010 - 1st payment 7/1/09 December 29, 2011 Coborn's, Inc. 1455 Highway 23 East St. Cloud, MN 56304 RE: Coborn's Superstore Tax Abatement Dear Sir or Madam: In accordance with the Tax Abatement Agreement with the City of St. Joseph, enclosed is a payment in the amount of $ 50,000 for the abated taxes for 2011. The amount represents the maximum abated taxes received greater than the 2009 taxes paid for the Coborn's Superstore, Central MN Credit Union and CentraCare Health Clinic in St. Joseph. If you have any questions or need additional information please feel free to contact me at 320 - 363 -7201. Sincerely, CITY OF ST. JOSEPH Lori Bartlett Finance Director cc: St. Joseph EDA File (Tax Abatement/2009 Cobom's/Annual Tax Statements/2011 Abatement) * O r O a) (6 W W W W W C < < 0 N VI V) V) VI ✓ Z Z 0 LL L L LL LL O CO V1 .0 Q in. 0 0 0 0 0 0 y a Ci G Ci Ci O >- O O Q Q M 0 0 0 0 0 0 N Z Z O vs t0 t0 l0 t0 N i+ l.0 r-1 r-1 v e r-1 e t3 I ' CO 0 0 C d' M tO 0 0 01 01 0 0 to • N 00 v-1 iJ 0 O N Tr O. n 0 1 t 0 i • N Is CO V 0) t0 vi (0 M 0 0 0 >. (0 N N rN 0 v-1 1.- O I� V vi CO 444 • r I C H N N in. in. in. N CO (0 0) > 0 0 0 - C Tr M N 0 I..) F Tr v 0 01 1 E fi a-I M r 3 C`..) E l c 0) ea as C 0 0 O C t OD ' a O O O 0 0 - a m N lO 0" N 0 > M N 1/1 O M N ..... � O M >Z 0) ;a.., 0 L l!..3 000 0) c . N -I S, Z C 0 0 0 0 0) 0 Tr to to 0 . 0 o N 3 ' ri CF o v 4 2 t N N 0 0 ri Z ' t, r r '4 O N ++ CO to 0 ` d t" -0 W U. ' y tl d >. O CI X X X X X X X X f0 12 N z co co (o co (u (0 co (0 X it - tel ti C C C C C C C C C E p . 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