HomeMy WebLinkAbout[05a] TIF 1-4 Summary TIF 1-4 Printed 6/7/2016
Saint Joseph - TIF 1-4 St Joe Development, LLC - 2015 Annual Reporting Form
Home Overy,vew District Info Debt Interfund Loans PAYG Project Costs Transfers Rev&Ex Balance SheetJL
Tax Increment Financing Annual Reporting Form for the Year Ended December 31, 2015
1 TIF District Name: TIF 1-4 St Joe Development,LLC
2 Development,A tho ity Saint Joseph
3 s District Type Economic Development
4 ` County Where TIF District is Located Stearns
5 County Identification Number,"if any 110 j
6 Is the small city exception being used? No I
7 Is this TIF district in a fiscal disparities areae No I
If yes, under what options Not Applicable
Original TIF Plan Information
9 TIF Plan Approval Date: 06/27/2002 -1
10 Certification Request Date 07/31/2002_
11 Certification Date 09/09/2003
District Duration
':2] Month and year of first receipt of tax increment(actual or anticipated) 05/2004 j
13 Required Decertification Date 12/31/2012
TIF Plan Estimates - Original Plan 06/27/2002
06/27/2002
ESTIMATED TAX INCREMENT REVENUES(from tax increment generated by the district)
14 Tax increment revenues distributed from the county._._._._.................. $ 643,000
................... .....
15 Interest and investment earrnngs $ 0
16. Sales/lease proceeds $ 0
17 Market value homestead credit $ 0
18 Total Estimated Tax Increment Revenues 643,000
ESTIMATED PROJECT/FINANCING COSTS(to be paid or financed with tax increment)
Project costs
19. Land/building acquisition $ 300,000
20 Site improvements/preparation costs $
t21 Utilities $her __0
.,
Ti Otpublic imm
proveents $ 104,400 !
23'' Construction of affordable housing $ —.._______ 0
24 Small city authorized costs, if not already included above $ _ 0 1
25 Administrative costs
$ 66,600
26, I.Estimated Tax Increment ProIject 11 Costs11-1-1.11-111111,_ . ..... ........ $ +471,000
Estimated financing costs
X27 Interest expense $_ 172,_0001
Total Estimated ProfecUFinancmg Costs to be Paid From Tax Increment 643,000
06/27/2002
ESTIMATED FINANCING _
29 Total amount of bonds to be issued $ 643,000
Overview Page 1 of 19
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TIF 1-4 Printed 6/7/2016
Saint Joseph - TIF 1-4 St Joe Development, LLC - 2015 Annual Reporting Form
Home Overview District Info Debt Intertund Loans PAYG Pro'ect Costs Transfers Rev&Ex Balance Sheet EIC AC
Revenues, Expenditures,and Changes in Tax Increment Balance
.
. A _.l B_ I I .
Total Through
Prior Years 2015 Amount 2015
REVENUES
. ._....._.. __
1 i Tax increment revenues distributed from the county $ 554,445
2, Interest and investment earnings $ 5,053 $ 0 $ 5,053`
.......
3 TIF Credits $ 0 $ 0 $ 0
v4 1 Loan/advance repayments $ 0 $ 0 $ 0.
f 5 Lease proceeds $ 0 $ 0 $ 0
6 Repayments or return of tax increment per agreements $ 12,200 $ 0 $ 12,200
7 Total Revenues .
$ 571,698 $ 0 $ 571.698
EXPENDITURES
$ Project costs(other than PAYG) 5$ 9� $ 0 $ go,966
9 i Tax increment returned to the county $ 24,313 $ 0 L$ 24,313
Bond Payments
Principal
10 Payments for PAYG _0 1
note or contract $ 4 56,419 ' $ $ 456,49
11' _ __ � �
Payments
on all other,TIF bonds $ 0 $ 0 $ 0
_ Interest
f 12 Interest on PAYG 1�0
$ 0 $ 0
X13 Interest on all other(TIF and Non-TIF)bonds $ 0 $ 0
=14 Interest on interfund loans $ 0 $ 0
15 Total Expenditures $ 571,698 1 $ 0 $ 571,698
L 16 Revenues over(under)expenditures 1$ 0 ( $ 0 , $ 0 j
OTHER SOURCES AND USES
17 Transfers in $ 0 $ 0 $ 0
18 Transfers out $ 0 $ 0 $ 0'
19 TIF Bonds issued(other than refunding bonds) $ 0 $ 0 $ 0'
.. .. ...... . .......
20 Refunding TIF bonds issued $ 0 $ 0 $ 0
21 TIF Bonds refunded $ 0 $ 0 $ Orr
.... _... _ ......._
22, TIF Bond discount $ 0 $ 0 $ 0"
23IF Bond premwm $ 0 $ 0 $ 0'
Sales of property„ $ 0 $ 0 $ 0
[2151 Other(see instructions comment required) ... $ 0 $ 0 is 0
126,1 Total Other Sources and Uses $ 0 $ 0 1 $ 0
27 Net change in tax increment balances ( $ — 7 $`
28 i Tax Increment balance(beginning 01/01/2015) $ 0
29 Tax Increment balance(ending 12/31/2015) $ 0
Comments 500 Character limit):
30j
Rev&Exp Page 15 of 19
TIF 1-4 Printed 6/7/2016
Saint Joseph - TIF 1-4 St Joe Development, LLC - 2015 Annual Reporting Form
Home Overview DistrictJnfo Debt lnterfund Loans PAYG Project CostsTransfers Rev&Ex Balance
Balance Sheet
12/31/2014 12/31/2015
ASSETS
—1 Cash $ 0 $ 0
� 2 Investments . .......... .... ........._.. .........
.............
. $ 0 $ 0
3 Due from other TIF districts $ 0 $ 0
4 Due from non-tax increment accounts $ 0 $ 0
5 Interest receivable $ 0 $ 0
6 Taxes receivable $ 0 $ 0
7 ' Other receivables $ 0 ° $ 0
�8� Property held for resale $ 0 $ 0 s
9 Total Assets $ 0 . $ 0
LIABILITIES
10 Due to other TIF districts
11 E Due to non-tax increment accounts $ 0 $ 0
............._............................................. .
12 Accounts payable _...................._...........................,.. $ 0 s $ 0
_ _.... _ . .._..._._. ....__._. _. ...... . ...... ..
13 Unearned revenue $ 0 $ 0
_...
14' Total Liabilities $ 0 is 0
15 Deferred Inflows $ 0 $ 0
$ 0 $ 0
TAX INCREMENT BALANCE
Total Tax Increment Balance } $ 0 $ 0
18 Total Liabilities and Tax Increment BalanceI $ 0 $ 0'.
Balance Sheet Page 16 of 19
TIF 1-4 Printed 6/7/2016
Saint Joseph - TIF 1-4 St Joe Development, LLC - 2015 Annual Reporting Form
Home Overview District Info Debt Interfund Loans PAYG Project Costs Transfers Rev&Exr B<
2015 Annual Disclosure Statement
DName of Development Authority: Saint Joseph
�2 Name of Municipality: Saint Joseph
3 St. Joseph Newsleader �---I 07/01/2016_
(Name of the Newspaper) (Date of Publication)
The following information represents the annual disclosure of tax increment districts for the year
ended December 31, 2015.
TIF 1-4 St Joe
Development, LLC
4 Current net tax capacity $ 0
..................................................
59riginal net tax capacity $ 0
..... .........
6 Captured net tax capacity $ 0
...............................
7 Principal and interest payments due in 2016 $ 0
...............................
8 Tax increment received in 2015 $ 0
9 Tax increment expended in 2015 $ 0
10 Monthand year of first tax increment receipt 05/2004
11 Date of required decertification 12/31/2012
The total increased property taxes to 1.be paid from outside the district if
12 fiscal disparities Option A applies* $ 0�
*The fiscal disparities property tax law provides that the growth in commercial-industrial property tax
values is shared throughout the area. In a tax increment financing district, this value sharing can
either result in a decrease in tax increment financing district revenue or a tax increase for other
properties in the municipality depending on whether the tax increment financing district contributes its
share of the growth. Amounts displayed here indicate that the district did not contribute its growth in
commercial-industrial property tax values and represent the resulting increase in taxes on other
properties in the City for taxes payable in 2015.
Additional information regarding this district may be obtained from:
13 Name: Lori Bartlett
14 Address: PO Box 668
15 City: St. Joseph
.....................
16 State: MN
..............................
17 Zip Code: 56374
El::
�18 Phone: (320) 363-7201 Enter as 6512962551.
.Email: Ibartlett cityofstioseoh.com Enter none'd no email address.
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