10-214Council File # 10-214
� Green Sheet # 3D�Ss 3 .�
RESOLUTION _
OF SA�.A�T PAUL, MINNESOTA ��
Presented by
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BE IT RESOLVED by the, City Council of the Ci�ty of Saint Paul, Minnesota (the "City") as
12 follows:
13 Section 1. Recitals
14 1 A 1 The Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the
15 "AuthoriTy") has heretofore established the Saint Paul Neighborhood Redevelopment Project Area (the
16 "Project Area") and has adopted a redevelopment plan therefor (the "Redevelopment Plan") putsuant to
17 Minnesota Statutes, Sections 469.001 to 469.047, as amended.
18 1.02 The Authority has asked the City Council to approve the amendment of the Redevelopment
19 Plan and the amendment of the Tax Increment Financing Plans for the Saint Paul Neighbqrhood Scattered
20 Site Tax Increment Financing District, the Snelling University Tax Increment Financing District and the
21 Spruce Tree Tax Increment Financing District hereto created as redevelopment tax increment financing
22 districts under Minnesota Statutes, 3ecrion 469.174, Subdivision 10 (collectively the "Tax Increment
23 Financing Districts"), al� pursuant to and in accordance with Minnesota Statutes, Section 469.174 through
24 469.1799 (the "Tax Increment AcY'). '
2� I.03 ' The Authority has performed all actions required by law to be performed prior to the
26 amendment of the Redevelopment Plan and the adoption of amendments to TaY Increment Plans,
27 including, but not limited to, consultatian with the Planning Commission, notification of the Ramsey
28 County Commissioners representing ttxe areas of the County in which the Tax Increment Financing
29 Districts aze located, and delivering a copy of the Amendments to Tax Increment Financing Plans to
30 Ramsey County and Independent School District Number 625, which have taxing jurisdiction over the
31 properties included in the Tax Increment Financing Districts. The Authority has requested that the City
32 approve the amendment of #he Redevelopment Plan and the amendments to the Tas Increment Financing
33 Plans following the holding of a pubiic hearing upon published and mailed notice as required by law.
;4 Section 2. Findines for the Adontion of Amendments to Tax Increment Financine Plans and
35 the Amendment of the Redevelopment Plan.
RESpLUTION APPROVING THE
AMENDMENT OF THE TAX INCREMENT FINANCING
PLAN5 F012 SNELLING LTNIVERSITY, SPRUCE TREE ANII
' SAINT PAUL NEIGHBORHOOD SCATTERED
SITE TAX INCREMENT DISTRICTS AND
THE AMENDMENT OF THE SAINT PAiJI.
NEIGHBORHOOD REDEVELOPMENT PLAN
(CENTRAL CORRIDOR LIGHT RAIL PROJECT)
3 6 2.01 The City Council heraby finds that the amendment of the Redevelopment Plan and the -
f 7 amendments to Tax Increment Financing Plans aze intended and, in the judgment of the City Coixncil, the
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38 effect will be, to carry out the objectives of the Redevelopment Plan and to create an impetus for
39 redevelopment activities associated with the construction of the Central Corridor Light Rail Project in the
40 City and otherwise promote certain public purposes and accomplish certain objectives as specified in the
41 Redevelopment Plan and Amendments to TaY Increment Financing Plans
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2.02 The City Council hereby finds that the amendment of the Redevelopment Plan and the
amendments of the Tax Increment Plans are intended, the effect will be, to carry out the objectives of the
Redevelopment Plan by creating an impetus for the redevelopment activities associated with the
construction of the Central Corridor Light Rail Project in the City and otherwise promote public purposes
and accomplish certain objectives as specified in the Redevelopment Plan and Amendment to TaY
Increment Financing Plans.
48 2.03 The City Council hereby ratifies and confirms the findings made in connection with
49 the establishment of the Tax Increment Financing Districts.
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The City Council hereby makes the following additional findings:
(a) The City Council further finds that the proposed development, in the opinion of the
City Council, would not occur solely through private investment within the reasonably foreseeable
future and, therefore, the use of tax increment financing is deemed necessary. The specific basis
for such finding being:
The construction of the Central Corridor Light Rail project creates a need
and opportunity to upgrade the public infrastructure along University Avenue
which are public redevelopment costs that would not be financed by the
private sector.
(b) The City Cowacii further finds that the Amendments to Tax Increment Financing
Plans conform to the general plan for the development or redevelopment of the City as a whole.
The specific basis for such finding being:
The Amendments to TaY Increment Financing Plans will generally
compliment and serve to implement policies adopted in the City's
comprehensive plan. The public redevelopment contemplated by the
Amendments to Tax Increment Financing Plans is in accordance with the
City's comprehensive plan.
(c) The City Council further finds that the Amendments to Ta�c Increment Financing
Plans will afford maximum opportunity consistent with the sound needs of the City as a whole for
the development of the Tax Increment Financing Districts by private enterprise. The specific basis
for such finding being:
The proposed development to occur within the Tax Increment Financing
Districts is primarily for lighf rail transit, including related parking and
redevelopment activities.
74 Section 3. Approval of the Amendments to Tax Increment Financin� Plans and Amendment of
75 the Redevelopment Plan.
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3.01. The Amendment of the Redevelopment Plan and the Amendment of the Tax
Increment Financing Plans are hereby approved.
3A2. The staff of the HRA and the HRA's adaisors and legal counsel are authorized and
directed to proceed with the implementation of the Amendment to the Redevelopment Plan and the
Amendments to the Tax Increment Financing Plans and for this purpose to negotiate, draft, prepare
and present to the Board of Commissioners of the HRA or City Council for their consideration all
further plans, resolutions, documents and contracts necessary for this purpose.
Adoption Certified Counc Secretary
BY� �/lli ,� �'cG
Approved M yo� Date . // � �U
B �.d
R�ested by lment of: r�� �'
{ `
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Approve by the Office ef E"'nancial Services
By: -
Approved br �Yy, tto �y"
�.
By: �1,�
Approv by yor r Sub �s to Co cil
/
By:
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� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet ��
DepartmenffOffice/COUncil: Date Initiated:
PE Pianning & Economic 23 FEB 2010 Green Sheet NO: 3099836
De velopment
Contac[ Person & Phone: Department � SentTo Person Ini iaUOate
ARIy FiliC2 � 0 Ptannin & Economic Developme� �_
6656$ 1 P lannina & Econ Developme� Depar[ Directa=__ _
- -'— ASSign Z Financial Services Office Financial Services_D
Must Be on Council Agenda by (Date): Num6er --� — --
__-- _ _— _ _
0 3-MAR-10 FO� 3 C iNAttornev CiNA ttomey
..--- — — ` — —
-- --�-- --- Routing M1 YlaVOr's Office �1avor/ASSistant �
—__ _ __ — —""— - __ _ G _'._..
DoaType:RESOLUTIONW/S O�der 5 Council ___ __CiriCouncil __ .__
TRANSACTION - � " - "- ��-- —
6 C� Cierk __ Ci ty Cle rk ___
E-Document Required: Y
Document Contact: Laura Eckert
Con[act Phone: 266-6633
Total # of Signature Pages _(Clip Ali Locations for Signature)
Action Requested:
Approval of Amendment of Tax increment FInancing Plans
Recommendations: Approve (A) or Re�ect (R):
Planning Commission
CIB Committee
Qwl Servlce Commission
Personal Service Contracts Must Answer the Following Questions:
1. Has this person/firm ever worked under a contract for this tlepartment�
Yes No
2. Has this person/firm ever been a city employee?
Yes No
3. Does this person/f rm possess a skill not normally possessed by any
current city employee?
Yes No
Explain all yes answers on separate sheet and attach to green sheet.
Initiating Problem, Issues, OppoKUnity (Who, What, When, Where, Why):
The Amendment expands the project azea m which TIF proeeeds can be spent
Advantages If Approved:
TIF proceeds will be available to support the bettennents along the Central Comdm�.
Disadvantages If Approved:
None
�isadvan W ges If Not Approved:
The budget for bettermenYS along the Central Corridor wll be severely redueed.
Total Amount of
Transaction:
Funding Source:
F inancial Information:
(Explain)
CostlRevenue Budgeted:
Activity Number:
February 23, 2010 11:49 AM Page 1
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FOURTH AMENDMENT TO REDEVELOPMENT PLAN FOR THE SAINT PAUL
NEIGHBORHOOD REDEVELOPMENTPROJECT AREA
INITIAL ADOPTION BY HRA FEBRUARY 25, 1987
CITY COUNCIL ADOPTION MARCH 17, 1987
FIRST AMENDMENT - MAY 1988
SECOND AMENDMENT - SBPTEMBER 14$9
THIRD AMENDMENT -MARCH, 1997
FOURTH AMENDMENT - FEBRUARY, 2010
363329v1 MMD KG400-1
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FOURTH AMENDMENT TO
SA1NT PAUL NEIGHBORHOOD
REDEVELOPMENTPLAN
I. PURPOSE
The Housing and Redevelopment Authority of the City of Saint Paul, Minnesota
(the "HRA") proposes to amend the Saint Paul Neighborhood Redevelopment
Plan to enlazge the project area, which enlazged area qualifies as a redevelopment
project and as blighted and deteriorated areas under Minnesota Statutes, Section
469.002, subdivision 14.
The purpose of the Redevelopment Plan is to develop or redevelop sites, lands or
areas within the Project Area in conforrnance with the City of St. Paul's
Comprehensive Plan, and to implement recommendations of studies completed, in
order to implement the City's Comprehensive Plan. The redevelopment activities
are expanded by this Fourth Amendment to include the redevelopment activities
associated wiYh the construction of the Central Corridor Light Rail Project,
including the construction, reconstnxction and amprovement of public streets,
sidewalks, landscaping, lighting and other amenities, and parking mitigation
activities.
II. AMENDMENT
The description of Redevelopment Project Area is amended to add under Part II,
paragraph (q) the property described on Exhibit A attached hereto, a portion of
which may already be included in the Project Area. A map depicting the property
to be added to the Project Area is attached as Exhibit B.
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Eahibit A
Property to be Added to Redevelopment Project Area
Starting at Berry St. and Territorial Road east on Territorial Road across Hwy 280 to Cromwell
Ave north on Cromwell Ave to Bayless Pl. east to Hampden Ave. then east on Hampden Ave to
Bradford St. north on Bradford St to Wycliff St. then north to Capp Road to Vandalia St. then
south on Vandalia St to Chazles Ave. east on Chazles Ave to N. Prior then north on N. Prior to
Minnehaha Ave. east on Minnehaha Ave to N Fairview then south on n Fairview to Thomas
Ave. east on Thomas Ave to Fry St. then north on Fry St. to Englewood Ave. east on Engelwood
Ave to Asbury St. then south on Asbury St to Sherburne Ave. east on Sherburne Ave. to St.
Albans then north on St. Albans to Minnehaha then east on Minnehaha to Kent and south on
Kent to Sherburne and east on Sherbume to Marion St, then north on Marion St. to Como Ave.
and follow the access easement north to lot 2, Brand's Subdivision include lot 2, and north to
BN railroad then east on BN Railroad to Rice street then south on Rice street, including al]
adjacent parcels, to Winter St then east on Winter St. to Park St. and south on Park St to
University Ave. then east on University Ave to Robert St. then south on Robert St. to Twelfth St.
west on Twelfth St to Minnesota St. Then south on Minnesota St, including all adjacent parcels,
to 4`� St. then along the northern boundary of 4` St., including all adjacent parcels, east to
Broadway St. then north on Broadway to the southern boundary of interstate 94 then east on
interstate 94 to Lafayette Road then south on Lafayette Road to Kellogg Blvd then west on
Kellogg Blvd to Broadway St then north on Broadway St to and along the southern boundary of
4 St, including all adjacent parcels, west to Wabasha St. then north on Wabasha St. to Twelfrh
St., then west on Twelfth 5t. to the eastern boundary of Rice St north on Rice St, including all
adjacent parcels, to the northern boundazy of University Ave east on University Ave, including
all adjacent pazcels, to Park St. then south to the souYhern boundary of University Ave. west,
including all adjacent parcels, on University Ave to the western boundary of Rice St. then south
on Rice St, including all adjacent parcels, to the northern boundary of interstate 94 then west on
interstate 94 to Emerald and north on Emerald to University Ave then south on University Ave,
including all adjacent parcels, to Beny St. then north on Berry St. to Territorial Rd.
363329v1 N(MD KG400-1
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FOURTH AMENDMENT TO REDEVELOPMENT PLAN FOR THE SAINT PAUL
NEIGHBORHOOD REDEVELOPMENT PROJECT AREA
INITIAL ADOPTION BY HRA FEBRUARY 25, 1987
CITY COUNCIL, ADOPTION MARCH 17, 1987
FIRST AMENDMENT - MAY 1988
SECOND AMENDMENT - SEPTEMBER 1989
THIRD AMENDMENT -MARCH, 1997
FOURTH AMENDMENT - FEBRUARY, 2010
363329v1 MMD KG400.1
10-214
FOURTH AMENDMENT TO
SAINT PAUL NEIGHBORHOOD
REDEVELOPMENT PLAN
I. PURPOSE
The Housing and Redevelopment Authority of the City of Saint Paul, Minnesota
(the "HRA") proposes to amend the Saint Paul Neighborhood Redevelopment
Plan to enlarge the project area, which enlarged azea qualifies as a redevelopment
project and as blighted and deteriorated areas under Minnesota Statutes, Section
469.002, subdivision 14.
The purpose of the Redevelopment Plan is to develop or redevelop sites, lands or
azeas within the Project Area in conformance with the City of St. Paul's
Comprehensive P]an, and to implement recommendations of studies completed, in
order to implement the City's Comprehensive Plan. The redevelopment activities
are expanded by this Fourth Amendment to include the redevelopment activities
associated with the constnzction of the Central Corridor Light Rail Project,
including the consuuction, reconstruction and improvement of public streets,
sidewalks, landscaping, lighting and other amenities, and parking mirigation
activities.
II. AMENDMENT
The description of Redevelopment Project Area is amended to add under Part II,
paragraph (q) the property described on Exhibit A attached hereto, a portion of
which may already be included in the Project Area. A map depicting the property
to be added to the Project Area is attached as Exhibit B.
363329v1 MMD KG400.L
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E�ibit A
Property to be Added to Redevelopment Project Area
Starting at Berry St. and Territorial Road east on Territorial Road across Hwy 280 to Cromwell
Ave north on Cromwell Ave to Bayless Pl. east to Hampden Ave. then east on Hampden Ave to
Bradford St. north on Bradford St to Wycliff St. then north to Capp Road to Vandalia St. then
south on Vandalia St to Charles Ave. east on Charles Ave to N. Prior then north on N. Prior to
Minnehaha Ave. east on Minnehaha Ave to N Fairview then south on n Fairview to Thomas
Ave. east on Thomas Ave to Fry St. then north on Fry St. to Englewood Ave. east on Engelwood
Ave to Asbury St. then south on Asbury St to Sherbume Ave. east on Sherburne Ave. to St.
Albans then north on St. Albans to Minnehaha then east on Minnehaha to Kent and south on
Kent to Sherburne and east on Sherburne to Marion St. then north on Marion St. to Como Ave.
and follow the access easement north to lot 2, Brand's Subdivision include lot 2, and north to
BN raikoad then east on BN Railroad to Rice street then south on Rice street, including all
adjacent parcels, to Winter St then east on Winter St. to Pazk St. and south on Pazk St to
University Ave. then east on University Ave to Robert St. then south on Robert St. to Twelfth St.
west on Twelfrh St to Minnesota St. Then south on Minnesota St, including all adjacent parcels,
to 4` St. then along the northern boundary of 4�' St., including all adjacent parcels, east to
Broadway St. then north on Broadway to the southern boundary of interstate 94 then east on
interstate 94 to Lafayette Road then south on Lafayette Road to Kellogg Blvd then west on
Kellogg Blvd to Broadway St then north on Broadway St to and along the southem boundary of
4` St, including all adjacent parcels, west to Wabasha St. then north on Wabasha St. to Twelfth
St., then west on Twelfth St. to the eastem boundazy of Rice St north on Rice St, including all
adjacent parcels, to the northern boundazy of University Ave east on University Ave, including
all adjacent parcels, to Park St. then south to the southern boundary of University Ave. west,
including all adjacent parcels, on University Ave to the western boundary of Rice St. then south
on Rice St, including all adjacent pazcels, to the northern boundary of interstate 94 then west on
interstate 94 to Emerald and north on Emerald to University Ave then south on University Ave,
including all adjacent parcels, to Beny St. then north on Berry St. to Territorial Rd.
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THII2D AMENDMENT TO TAX INCREMENT
FINANCING PLAN
FOR
SNELLING UNIVERSITY TAX INCREMENT
FINANCING DISTRICT NO. 135
ORIGINALLY ADOPTED: FEBRUARY 8, 1990
AMENDED: APRIL 25, 2001
SECOND AMENDMENT: JUNE 8, 2005
THIRD AMENDMENT: FEBRUARY 10, 2010
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THIRD AMENDMENT TO
TAX INCREMENT FINANCING PLAN
SNELLING UNIVERSITY TAX INCREMENT
FINANCING DISTRICT NO. 135
INTRODUCTION - - IDENTIFICATION OF NEED
The Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the
"Authority") has heretofore created the Snelling University Tax Increment Financing
District No. 135 (the "Tax Increment District") within the Saint Paul Neighborhood
Business Redevelopment Project Area. On April 25, 2001 and 7une 8, 2005, the
Authority amended the Tax Increment Financing Plan for the Tax Increment District.
The Authority has determined that it is necessazy w further amend the Tax Increment
Financing Plan to increase the authorized expenditures in connection with additional
development anricipated to occur in the Tax Increment District including, but not limited
to, public redevelopment costs to be incurred by the City of Saint Paul (the "City") and
Authority in connection with the Central Corridor Light Rail Project to be constructed
along University Avenue and expansion of parking facilities in the Project Area. To
accomplish these goals, it is necessary to amend the Tas Increment Financing Plan to
increase the authorized expenditures and identify additional property that may be
acquired by the Authority. Contemporaneously with the amendment of this Tas
Increment Financing Plan, the Autharity is also (a) enlazging the Redevelopment Project
Area for the Saint Paul Neighborhood Project (the "Redevelopment Project Area") to
include property in the same general azea as the alignment of the Central Corridor Light
Rail Project (the "Added Project Area") and (b) amending the Tax Increment Financing
Plans for the Spruce Tree-Metz Tax Increment Financing Dishict and Saint Paul
Neighborhood Scattered Site Tax Increment Financing District.
2. AMENDMENTS
The Tax Increment Plan is hereby amended as follows:
A. Section F entifled "Propertv in Acauisition" is amended to add all of the property
being added to the Redevelopment ProjecC Area, which Added Property is
described on Exhibit A attached hereto.
B. Section G entitled " Estimate of Costs is amended as set forth on Exhibit B
attached hereto. Exhibit B shows only the costs anticipated to be financed by the
Tax Increments, and anticipates that the Authority will enter into an agreement
with the Metropolitan Council pursuant to which the Metropolitan Council will
agree to pay for not less than $4,70Q000 costs of public improvements for the
Central Corridor Light Rail project which improvements are not included in the
363322�1 MMD KG400-t
10-214
budget set forth on Exhibit B since these costs are not financable from tax
increments because of the restrictions in the tax increment law described below.
The Tax Increment Act includes various limitations on the use of tax increments which
are applicable to the Tax Increment District, unless special legislation is obtained after
the date of adoption of this amendment to remove the applicability of one or more of
these limitarions to the District. These limitations include, but are not limited to, the
following:
469.176, subdivision 4¢, clause (c).
(c)(1) Tax increments may not be used to pay for the cost of
public improvements, equipment, or other items, if:
(i) 'the improvements, equipment, or other items are located
outside of the azea of the tax increment financing district from which the
increments were collected; and
(ii) the improvements, equipment, or items that (A) primarily
serve a decorative or aesthetic purpose, or (B) serve a functional purpose,
but their cost is increased by more than 100 percent as a result of the
selection of materials, design, or type as compared with more commonly
used materials, designs, or types for similar improvements, equipment, or
items.
2. 469.176 subdivision 41 - Prohibited facilities.
(a) No taac increment from any district may be used for:
(1) a commons azea used as a public pazk; or
(2) a facility used for social, recreational, or conference purposes;
3. 469.1763, subdivision 4j - Redeveloqment Districts. At least 90
percent of the revenues derived from tax increments from a redevelopment district
or renewal and renovation district must be used to finance the cost of correcting
condirions that allow designation of redevelopment and renewal and renovation
districts under section 469.174. These costs include, but are not limited to,
acquiring properties containing structurally substandard buildings or
improvements or hazazdous substances, pollution, or contaminants, acquiring
adjacent parcels necessazy to provide a site of sufficient size to pernut
development, demolirion and rehabilitation of sh - uctures, clearing of the land, the
removal of hazardous substances or remediation necessary to development of the
land, and installation of utilities, roads, sidewalks, and parking facilities for the
site. The allocated administrative expenses of the authority, including the cost of
preparation of the development action response plan, may be included in the
qualifying costs.
363322v] MMD KG400.I
10-214
4. 469.1763. Subdivision 2(a) - Exoenditure Outside District.
(a) For each tax increment financing district, an amount equal to at
least 75 percent of the total revenue derived frora tax increments paid by
proQerties in the district must be expended on activities in the district or to
pay bonds, to the extent that the proceeds of the bonds were used to
finance activities in the district or to pay, or secure payment of, debt
service on credit enhanced bonds. ... Not more than 25 percent of the
total revenue derived from tax increments paid by properties in the district
may be expended, through a development fund or otherwise, on activities
outside of the distdct but within the defined geographic azea of the project
except to pay, or secure payment of, debt service on credit enhanced
bonds. The revenue derived from taY increments for the district that are
expended on costs under secrion 469.176, subdivision 4h, pazagtaph (b),
may be deducted first before calculating the percentages that must be
expended within and without the district.
5. 469.1763. Subdivision 3. - Five-yeaz rule.
(a) Revenues derived from tax increments aze considered to have
been expended on an activity within the district under subdivision 2 only if
one of the following occurs:
(1) befare or within five years after certification of the district, the
revenues are actually paid to a third party with respect to the activity;
(2) bonds, the proceeds of which must be used to finance the
activity, are issued and sold to a third party before or within five years
after certification, the xevenues aze spent to repay the bonds, and the
proceeds of the bonds either are, on the date of issuance, reasonably
expected to be spent before the end of the later of (i) the five-year period,
or (ii) a reasonable temporary peiiod within the meaning of the use of that
term under section 148(c)(1) of the Internal Revenue Code, or are
deposited in a reasonably required reserve or replacement fund;
(3) binding contracts with a third party are entered into for
performance of the activity before or within five years after certification of
the dish and the revenues aze spent under the contractual obligauon;
(4) costs with respect to the activity aze paid before or within five
yeazs after certification of the district and the revenues aze spent to
reimburse a part for payment of the costs, including interest on
unreimbursed costs; or
(5) expenditures are made for housing purposes as permitted by
subdivision 2, paragraphs (b) and (d), or for public infrastrucmre purposes
within a zone as permitted by subdivision 2, paragraph (e).
363322vi MMD KG400-1
10-214
The budget for the entire Central Corridor Light Rail Project is attached as Exhibit B-1.
The City and Authority will utilize other legally available funds to finance any
improvements set forth in Exhibit B-1, which are described in Section 469.176,
subdivision 4(g), clause (c) or 469.176, subdivision 4(1), including but not limited to
proceeds of general obligation improvement bonds, sales tax revenues, and funds
provided by other federal, state or local entities, including but not limited to the
Metropolitan Council.
C. Section J entitled " Sources of Revenue to Finance Public Costs is amended and
updated to include the following information:
The frozen tax rate for the property in the Tax Increment District is 109.004%.
The most recent captured tas capacity of Tax Increment Financing District is
$1,521,495 for tases payable in 2009. The original tax capacity is $381,133. The
estimated captured tax capacity of Tax Increment Financing District, at the end of
the duration of the Tax Increment District, is esrimated to be $1,871,203.
The Tax Increment Report showing the projected tax increments for the duration
of the Tax Increment District is attached as Exhibit C. The Authority elects to
retain all of the captured tax capacity to finance the costs of Tax Increment
Financing District.
D. Section L entitled "Estimated Impact on Other Taxing Jurisdiction" is amended to
read as set forth on Exhibit D, which shows the fiscal impact for the remaining
term of the Tax Increment District.
E. Except as herein amended, all other provisions of the Tax Increment Plan shall
remain unchanged and in full force and effect.
363322v1 MMD KG400.1
10-214
Exhibit A
Property To Be Added to Redevelopment Project Area
Starting at Berry St. and Temtorial Road east on Territorial Road across Hwy 280 to Cromwell
Ave north on Cromwell Ave to Bayless Pl. east to Hampden Ave. then east on Hampden Ave to
Bradford 5t. north on Bradford St to Wycliff St. then north to Capp Road to Vandalia St. then
south on V andalia St to Chazles Ave. east on Chacles Ave to N. Prior then north on N. Prior to
Minnehaha Ave. east on Minnehaha Ave to N Fairview then south on n Fairview to Thomas
Ave. east on Thomas Ave to Fry St. then north on Fry St. to Englewood Ave. east on Engelwood
Ave to Asbury St. then south on Asbury St to Sherburne Ave. east on Sherburne Ave. to St.
Albans then north on St. Albans to Minnehaha then east on Minnehaha to Kent and south on
Kent to Sherburne and east on Sherbume to Mazion St. then north on Marion St. to Como Ave.
and follow the access easement north to lot 2, Brand's Subdivision include lot 2, and north to
BN railroad then east on BN Railroad to Rice street then south on Rice street, including all
adjacent parcels, to Winter St then east on Winter St. to Park St. and south on Pazk St to
University Ave. then east on University Ave to Robert St. then south on Robert St. to Twelfth St.
west on Twelfth St to Minnesota St Then south on Minnesota St, including all adjacent parcels,
to 4` St. then along the northem bounduy of 4` St., including all adjacent parcels, east to
Broadway St. then north on Broadway to the southern boundary of intersCate 94 then east on
inCerstate 94 to Lafayette Road then south on Lafayette Road to Kellogg Blvd then west on
Kellogg Blvd to Broadway 5t then north on Broadway St to and along the southern boundary of
4 St, including all adjacent parcels, west to Wabasha St. then north on Wabasha St. to Twelfth
St., then west on Twelfth St. to the eastem boundazy of Rice St north on Rice St, including all
adjacent parcels, to the northern boundary of University Ave east on University Ave, including
all adjacent pazcels, to Pazk St. then south to the southem boundary of University Ave. west,
including all adjacent parcels, on University Ave to the western boundary of Rice St. then south
on Rice St, including all adjacent parcels, to the norChem boundary of interstate 94 then west on
interstate 9a to Emerald and north on Emerald to University Ave then south on University Ave,
including all adjacent parcels, to Beny St. then north on Berry St. to Territorial Rd.
363322v1 MMD KG400-1
E�-1
10-214
Housing and Redevelopment Authority of City of Saint Paul
TIF District Amended Budget
Sneliing-U - Counfy #735 �
Tax Increment Revenue
Market Value Homestead Credit
Investment Earnings
Bond Proceeds
Loan Proceeds
Special Assessments
Sales/lease proceeds
Loan/advance repayments
Grants
Other(describe)
Developer Shortfall Payments
Increase in Fair Value of Investments
Transfers In
Site Improvements/Preparation Costs
Installation of Public Utilities
Parking Facilities
Streets & Sidewa�ks
Public park facilities
Social, Recreation, or conf facilities
Interest Reduciion Payments
Bond principal payments
Bond interest payments
Loan principal payments
Loan/note interest payments
Administrative expenses
Other(describe)
Contingency
Cost of Issuance - Admin Expense
Development Response Plan
Discount on Bond Sale
Hazard Removal
Midway Center Project
Other Public Improvements
Relocation
Return of HSS Excess
Public Improvements on Snelling
Parking Ramp Expansion
Site Improvements/Central Corridor
Installation of Public Utilities/Central Corridor
Streets & Sidewalks/Central Corridor
Parking ImpdCentral Corridor
Other Pub. Improvements for Central Corridor (Station)
$29,750,000
$0
$4,000,000
$12,790,000
$0
$0
$0
$0
$0
$0
$1,430,000
$0
$163,895
$6,965,238
$0
$0
$0
$0
$0
$0
$12,790,000
$6,925,500
$1,890,000
$1,025,000
$2,200,000
$0
$0
$710,200
$0
$0
$3,180,000
$569,902
$0
$0
$3,425,000
$0
$0
$0
$0
$0
$0
$0
$7,850,000
$0
$830,000
$0
$0
$0
$0
$0
$0
$0
($392,510
$66,358
$0
$4,630,703
$0
$0
$0
$0
$0
$0
$0
($6,310)
($14,423)
($8,610)
$855,738
$0
$0
$100,000
$4,607
($107,202
($261,642
$0
$0
$626,016
$200,000
$2,354,672
$0
$4,730,000
$0
$0
$0
FINAL 07101/2010
$37,600,000
$0
$4,830,000
$72,790,000
$0
$0
$0
$0
$0
$0
$1,037,490
$66,358
$163,895
$71,595,941
$0
$0
$0
$0
$0
$0
$72,790,000
$6,919,190
$1,875,577
$1,016,390
$3,055,738
$0
$0
$704,262
$tOQ000
$4,601
$3,072,798
$308,260
$0
$0
$4,051,016
$200,000
$2,354,672
$0
$4,730,000
$0
$0
$0
363322v1 MND KG400-1
B-1
1Q-214
Exhibit B-1
Central Corridor Light Rail Transit Project
Overall Sources & Uses
Uses
LRT Project run by Met Council
Local Enhancements (St. Paul)
941,000,000
18,707,430
Total Uses 959,707,430
Sources
Combination Federal, State, County
Local Funds (Permanent)
CIB
STAR
TIF (3 Districts)
GO Assessment Bonds (net proceeds)
•� ��� ���
2,000,000
1,200,000
12,665,430
2,842,000
18,707,430
Total Sources 959,707,430
363322v1 MMD KG400-1
8-1-1
10-214
Exhibit C
Proiected Tax Increment Report
City af Saint Paul, Minnesota
Tax Increment Financing Dislrict - Redevelopment District
Snelling - University TIF District (#135)
Projected Increment 2009-2016
Final Collection Vea� 2016
Annual Total Tolal
Periotl T2xable Net Tax
Ending Market Value' Capacity
12/31/09 95,393,900 1,902,828
12/31/10 91,373,100 1,872,336
12/37/11 91,373,700 7,872,336
12/3V12 97,373,100 1,992,336
12/31/13 110,373,100 2,252,33fi
72/31/14 110,373,100 2,252,33fi
12/31/15 110,373,100 2,252,33fi
Less.
Original
Net Tax
Capaaty
381,133
381,133
381.133
381,133
387.733
381,133
387.133
Retained Times:
CapWred Taz Annual
NetTae Capaciry GmssTax
Capacity Rate" Increment
1,521,495
1.491,203
1.497,203
1,677,203
7,871203
7,871203
1,871203
1,679,862
1,625,470
7,625,470
1,756,276
2,039,686
2,039,686
2,039,686
Less
State Autl.
Deductian
0 360 %
(
5,832
5,852
5,852
6,323
7,343
7,343
7,343
Gross
Revenue
to HRA
1,614,030
1.fi19.618
7,819,618
1,749,953
2,032,343
2,032,3a3
2,032,343
st. isca mpacts
Schaol
Ramsey Dis[rict
County (ISD #625)
Share"' Share'"'
652,753 344,106
450,059 604,036
45Q059 604,03fi
486,276 652,644
564,747 757,9fi2
564,747 757,962
564,747 757,962
565,957 759,586
_ __
2009-2076 74,736,947 4,299,345 5,238,293
' New prolect value added in 2o12 and 20�3 .....,...�,:..._�!#S62R��t9f. A?s7�'4Y, thru 2008 22,663,053
._...._ ....................._........_....._..........
Total 37,600,000
'° The Eshmated Fscal Impacts represents the eshmated amount ot tax increments over ihe remaimng life of lhe district that would be attributable m county antl school distnct
levies, assuming [hert share of the fmzen tax rate remams the same. The fmzen rete is the proposetl pay 2010 rate minus base rate excess Qf anyJ.
FINAL 02-01-2010
363322vt MMD KG600.1
C-1
10-214
Ezhibit D
Estimatetl Imoact on Other Taxina Jurisdictions Report
City of Saint Paui, Minnesota
Tax Increment Financing District - Redevelopment �istrict
Snelling - UniversiTy T4P District (#135)
Projected Increment 2009-2016
Final Collec[ion Yea� 2016
Without
Project or 71F District With Project antl 71f District
Proposed Proposed Pro�ected Hypothetical
2009/2010 Adjustetl 2009/2010 Retained New Hypothelical Hypothebcal T�Generaied
Taxa6le Frozen Taeable Gaptured Taeable Ad�usted Decrease In by Retained
Taxmg Net Tax Local Net Tax Net T� Net Tae Local Local Captured
Jurisdichon Capacity (11 Ta� Rate' Capaciry p� + GaOacrty = CaOacRV T� Rffie (°� Tae Pate (") N T C C9
GRyofSaintPaul 210,255229 31.422°/ 21q255,229 $1,871,203 212,126,432 31145% 0277% 582,783
RamseyCounty 454,312272 30290% 454,312,272 1,877,203 456,183,475 30.1fi6% 0124°/, 5fi4,463
ISD#625 210,257,468 40.653% 210,257,468 1,671,203 212,128,671 40294% 0.359% 753,990
Other(2) -- 6.639% --- 1,871,203 --- 6639% -- ---
Totals 109 004 % 108244! 0760 %
• The Atl�ustetl Frazen Locai Tax Rate is basetl on ihe pwposetl 2010 rate minus base rate excess Qhe amount the current rete exceeds ihe frozen rate)
" Statement 1: If the pro�ectetl Retainetl Captured Net 7ax Capaciry of ihe TIF Disirict was hypothetically available ta each ai
the taxing �uristlwtions above, the resWt would be a lower local iv rate (see Hypothetsal Atl�ustetl Tax Rate above)
which would pmtluce ihe same amount of taxes for each taxing�unsdiction. In such a case, ihe total local tax rate
woultl tlecrease by 0.�60% (see Hypothebcal Decrease m Local Tax Rate abo�e) The hypothetical �ax ihat the
Retainetl CapWretl Net Tax Capaciry oi fie TIF Disirict would generate is also shown above.
Statement 2: Snce the pro�eIXed Fiefainetl CapNretl Net Tax Capaciry o� the TIF Distnct rs not ava�lable to ihe ta<ing �uristlict�ons.
then �here is no impact an �axes levied or local �ax rates.
(1) Taxablenettazcapaary=totalnett�capaciry-capWretlTlFtiscaldisparirycontribution,dapphcable
(2) The �mpact on these taein9lunstl¢hons is negligible since they represent only 6.09%of the rotal tax rate
363322v1 MMD KG400.1
D-�
FWAL 02-Oi-2010
10-214
THII2D AMENDMENT TO
TAX INCREMENT FINANCING PLAN
FOR THE
SPRUCETREE
TAX INCREMEN'I' FINANCING DISTRICT NO. 83
ORIGINALLY ADOPTED: MARCH 19, 1987
AMENDED: APRIL 25, 2001
AMENDED: DECEMBER 17, 2003
THII2D AMEl�iDMENT: FEBRUARY 10, 2010
363321v1 MMD KG400-1
io-zia
THIl2D AMENDMENT TO
TAX INCREMENT FINANCING PLAN
SPRUCETREE
TAX INCREMENT FINANCING DISTRICT NO. 83
INTRODUCTION - - IDENTIFICATION OF NEED
The Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the
"Authority"), on March 19, 1987, created the Spruce Tree and Metz Bakery Tax
Increment Financing District No. 83 (the "Tax Increment Dishict") located within the
Saint Paul Neighborhood Redevelopment Project Area. On or about April 25, 2001 and
December 17, 2003, the Authority amended the Tas Tncrement Financing Plan for the
Tax Increment Financing District.
The Authority has determined that at is necessary to further amend the Tax Increment
Financing Plan to inccease the authorized expenditures in connection with additional
development anUcipated to occur including, but not limited to, public redevelopment
costs to be incarred by the City of Saint Paul (the "City") and Authority in connection
with the Central Corridor Light Rail Project to be constructed along Univecsity Avenue
and an expansion of parking facilities in the District. To accomplish these goals, it is
necessary to further amend the TaY Increment Financing Plan to increase the authorized
expenditures and identify additional property that may be acquired by the Authority.
Contemporaneously with the amendment of this Tax Increment Plan, the Authority is
also (a) enlarging the Redevelopment Project Area for the Saint Paul Neighborhood
Project (the "Redevelopment Project Area") to include property in the same general area
as the alignment of the Central Corridor Light Rail Project (the "Added Project Area")
and (b) amending the Tax Increment Financing Plans for the Saint Paul Neighborhood
Scattered Site Tax Increment Financing District and the Snelling University Tax
Increment Financing District.
2. AMENDMENTS
The Spruce Tree Tax Increment Plan is hereby amended as follows:
A_ Section D, entitled "Development Activities" is amended to include under
paragraph 3 entitled "Phasing of Projects" the following:
(c) Phase III — The Central Corridor Light Rail project and all
associated redevelopment activities in the general vicinity of the alignment
of the rail line, and expanded parking facilities.
B. Section F entitled "Prouerty in Acauisirion" is amended to add all of the property
being added to the Redevelopment Project Area, which Added Property is
described on Exhibit A attached hereto.
363321 v I MMD KG400-1
10-214
C. Section G entitled " Estimated Costs is amended as set forth on Exhibit B
attached hereto. Exhibit B shows only the costs anticipated to be financed by the
Tax Increments, and anticipates ihat the Authority will enter into an agreement
with the Metropolitan Council pursuant to which the Metropolitan Council will
agree to pay for not less than $4,700,000 costs of public improvements for the
Central Corridor Light Rail project which improvements are not included in the
budget set forth on Exhibit B since these costs are not financable from tax
increments because of the restrictions in the tax increment law described below.
The Tax Increment Act includes various limitations on the use of tax increments which
are applicable to the Tax Increment District, unless special legislation is obtained after
the date of this amendment to remove the applicability of one or more of the limitations
to the District. These limitations include, but are not limiCed to, the following:
469.176, subdivision 4e, clause (c).
(c)(1) Tax increments may not be used to pay for the cost of public
improvements, equipment, or other items, if:
(i) the improvements, equipment, or other items are located outside
of the area of the tas increment financing district from which the
increments were collected; and
(ii) the improvements, equipment, or items that (A) primarily serve
a decorative or aesthetic purpose, or (B) serve a functional purpose, but
their cost is increased by mare than 100 percent as a result of the selection
of materials, design, or type as compazed with more commonly used
materials, designs, or types for similar improvements, equipment, or items.
2. 469.176, subdivision 41 Prohibited facilities.
(a) No tax increment from any district may be used for:
(1) a commons area used as a public park; or
(2) a facility used for social, recreational, or conference purposes.
The budget for the enrire Central Corridor Light Rail Project is attached as Exhibit B-1.
The City and Authority will utilize other legally available funds to finance any
improvements set forth in Exhibit B-1, which are described in Section 469.176,
subdivision 4(g), clause (c) or 469176, subdivision 4(1), including but not limited to
proceeds of general obligation improvement bonds, sales tas revenues, and funds
provided by other federal, state or local entities, including but not limited to the
MeVopolitan Council.
D. Section S entitled "Sources of Revenue to Finance Public Cost" is amended by
being updated to include the following information:
363321v1 MMD KG400.1
10-214
The proposed tax rate for the Tax Increment District for 2010 is 119.683%. The
most recent captured tax capacity of Tax Increment Financing District is $366,886
as of January 2, 2009. The original tas capacity is $48,288. The most recent
captured tax capacity of Tax Increment Financing District is $366,886 for taxes
payable in 2009.
The Tax Increment Report showing the projected tax increments for the duration
of the Tas Increment District is attached as Exhibit C. The Authority elects to
retain all of the captured tax capacity to finance the costs of Tax Increment
Financing District.
E. Section L entitled "Estimated Impact on Other Taxing Jurisdiction" is amended
and updated as set forth on Exhibit D, which shows the fiscal impact for the
remaining term of the Tax Increment District.
F. Except as herein amended, all other provisions of the Tax Increment Plan shall
remain unchanged and in full force and effect.
36332Iv1 MMD KG400-1
10-214
E�ibit A
Property To Be Added to Redevelopment Project Area
Starting ax Berry St. and Terriioriat Road easT on Territorial Road across Rwy 280 to
Cromwell Ave north on Cromwell Ave to Bayless PI. east to Hampdea Ave. then east an
Hampden Ave to Bradford St. north an Bradford Si to VJycliff St, ihen narth to Capp
Road to Vandalia St. then sonth ott Vandalia St to Chazles Ave. east ou Ct�arles Ave to N.
Prior then �rorth on N. Prior to Minnehaha Ave. east an Minnehaha Avs to N Fairview
then south on n Fairview to Thomas Ave. east on Thamas Ave to Fry 5Y. then north on
Fry St. to Englewood Ave. east on Engelwood Ave ta E�sbury St then south on Asbury St
m Sherbume Ave. east on Sherburne Ave. to Marion St. then north on Marion Si. to
Como Ave. and fallow #he aceess easemenc noxth to lot 2, Srand's 3ubdivisian 'sncluda
lot 2, and north to BAI railroad then east on BN Ruitroad to Rice street then soufh on Rice
street, including ali ad,jacent paccels, to �*Tinzer Ft then east on Wintar 5t. to Pttrk 83. and
souch on Pazk St to University Ave. then east on Univusity rlve To Rabert St. then souYh
on Robert St. to Twelfth St, wcst on Twelflh St ta Cedar St.1 hen south on Cedar St,
inclucling att adjacent pazcels, to b�' St then east on 6`�, including all adjacent parcels, to
�Iinn�sota St. socrth on Minnesota St, inoludin� all adjacent pazcels to 4`� St. then along
the ttozthezn boundary of 4�' St., includzng all adjacent parcels, east to Braadway St. then
north on Broadw�ay to ihe southern boundary of intexstate 94 tl�en easE an interstate 94 to
La£ay eTte Road thcn south on Lafayette Road ta ICellogg 13ivd then west on Keliogg B2vd
w Broad�vay St then norkh c�n Broadway Sc to and along iha southem boundary of 4"' St
inctuding al] adjacent pazcets, west to �S'abasha St. fhen north an Wabas}xsa St. io 6�' St
ihen east on 6�' St, inctu8ing all adjat�nt pareels, ta the western boundary of 4�' SC. then
north an 4�' St, incIuding aII adjacent parcels, ta Twelfth Sk west an Twelfth 5t, to the
eastern bouridary of Rice St narth on Rice St, inotuding ail acijacent pazcels, to the
norrhern boundanr ofL'niversity Ave east o�a University Ave, incIuciing all adjacent
pazeeIs, ta Pazk $t. then south to the southarn t�undary of [lniversiry Ave. west,
inciuding aIl adjaceni parcels, on University Ave tc3 #he wastem boundazy af FLice St, tt�en
sauth nn Riee S�„ including all adjacent parce2s, to the northem boundary af interstate 94
then west on intersYate 94 io Gmerald and norlh on EmeraEd to UniversiYy Ave then south
on L'niversi#y Ave, inciudin� atl adjaoent parceis, tc� FSetry SE. then north aa Berry St. to
Tenitarial Rd.
363321v1 MMD KG400-1
A-1
10-214
Housing and Redevelopment Authority of City of Saint Paul FINAL 02/Ol/20f0
TIF District Amended Budaet
Spruce Tree - County #83 TIP Oni
Existing Budget Final Budgei
12/73/2003 Chan es (Feb, 2010)
REVENUE
Tax Increment Revenue $72,513,238 $407,762 $12,975.000
Market Value Homestead Credit $0 $0 0
InvestmentEarnings $1,873,049 ($167,257� 1,705,762
Bond Proceeds $3,975,000 $1,890,000 5,865,000
Loan Proceeds $0 $0 0
Special Assessments $0 $0 0
Sales/lease proceeds $720,000 $0 120,000
Loan/advance repayments $0 $0 0
Grants $0 $0 0
Other (describe) $0 $0 0
Local Funds $0 $0 0
Shortfa{I Payments $0 $706,313 706,313
Transfers In $733,369 $1,514,372 2,247,741
HammondTlF$733,369 $0 $0 0
SnellingUTIF$606,641 $0 $0 0
WestMidwa TIF$907,731 $0 $0 0
Total Revenues and OFSs $19,214,656 $4,345,160 $23,559,816
EXPENDITURES
Land/bldg acquisition $0 $0 $0
Site ImprovementS/Preparation Costs $0 $0 0
Installation of Public Utilities $0 $0 0
Parking Facihties $1,749,846 $0 7,749,846
Streets & Sidewalks $361,750 $0 361,750
Publicparkfacilities $0 $� �
Social, Recreation, or conf facilities $0 $0 0
Interest Reduction Payments $0 $0 0
Bond principal payments $3,975,000 $7,790,000 5,765,000
Bond interest payments $6,713,650 ($1248,650) 5,465,000
Loan principal payments $100,000 $0 100,000
Loan/note interest payments $325,781 $0 325,781
Administrative expenses $1,265,000 ($236,679) 1,028,321
Other (describe) $0 $0 0
Cost of Issuance - Admm Expense $240,749 $22,430 263,179
Other Costs - New StreeVSignalization $672,775 $0 672,775
Other Public Improvements $0 $0 0
Parking Ramp Repairs $0 $45Q000 45Q000
Parking Ramp Expansion $0 $645,328 645,328
Site Improvements/Central Corridor $0 $0 0
Installation of Public Utilities/Central Corridor $0 $0 0
Streets & Sidewalks/Central Corridor $0 $575,000 515,000
ParkinglmpdCentralCorridor $0 $1,500,000 1,500,000
Other Pub. Improvements for Central Corridor (Station) $0 $0 0
TransfersOut $3,810,105 $907,737 4,717,836
Scattered Srte TIF $0 $0 0
West Midwa TlF $0 $0 0
Total Ex enditures and OFUs $19,214,656 $4,345,160 $23,559,8t6
363321v1 MMD KG400-I
$-1
10-214
Exhibit B-1
Centrai Corridor Light Raii Transit Project
OveraN Sources & Uses
Uses
LRT Project run by Met Council
Locai Enhancements (St. Paul)
941,000,000
18,707,430
Total Uses 959,707,430
Sources
Combination Federal, State, County
Local Funds (Permanent)
CIB
STAR
TIF (3 Districts)
GO Assessment Bonds (net proceeds)
941,000,000
2,000,000
1,200,000
12,665,430
2,842,000
18,707,430
Total Sources 959,707,430
363321v1 MMD KG400-1
8-1-1
10-214
Exhibit C
Proiected Tax lncrement Reoort
City of Saint Paul, Minnesota
Tax Increment Financing District - Redevelopment District
Spruce Tree T1F District (#63)
Projected Incrsment 2009-2014
Final Collection Year 2014
less.
Mnual Total Total Ongmal
Penod T�able NetTax Ne�Tae
Entling Market Value Capaciry Capaaty
12(31/09
12/3 V10
12/31/17
12/31/12
72/31/73
Retained Times.
Captured Ta�c Annual
Net Tae Capaciry Gmss T�
Capacity Rate' Increment
354,3?2
366,886
366,886
366,886
366,886
377,280
439,100
439,10�
439,100
439,100
Less. Annual
StateAUd. Gmss
Deduction Revenue
0.360% to HRA
1,358
7,581
tS87
1,587
1,581
375,922
437,519
437,St9
437,519
437,519
s4 isca mpac[s
School
Remsey District
Counry (ISD #625)
Share" Share"'
152,032 80,145
169.275 101.232
169,275 101,232
169,275 101,232
169,D5 101,232
169,275 101,232
2009-2074 2,566,�56 99$406 586,306
�Yrop45dd�gf�Y6Ta9ta�e�,�_ ,,.' thru2008 10,346,844
Total 12,915,000
^ The Estimated Fiscal Impacts represents the es�imated amount of t� mcrements over the remaming Irfe of the distnct tha[ would be aHnbutable to county and school distnct
levies, assummg Ihert share ot the proposetl 2010 tax ra�e remains th¢ same.
FINAl02�01-201�
36332Iv1 MMD KG400.I
C-1
26 �08,8��
26,008,800
26,008,800
26,008,800
26,008,800
402,66�
475,174
415,174
4/5,774
415,174
48288
48,288
68,288
48,288
48,288
10-214
Exhibit D
Estimated imoact on Other Taxina Jurisdictions Report
City of Sain[ Paul, Minnesota
Tax Increment Financing District - Redevelopment District
Spruce Tree TIF District (#83)
ProjeMed �ncrement 2009•2014
Final Coltection Vear 2014
without
Project or TIF District
Proposed
2009/2010 Proposed
T�able 2009/2010
Taxing Net Tax Local
Jurisdicuon Capaciry (t) Tax Rate
City of Saint Paul 21 Q255,229 36299%
FamseyCounty 454,312,272 46.305%
ISD#625 2'f0,257,a88 27.692%
Other (2) -- 9.387 %
Totals 719.683 %
With ProjeM antl TIF Disirict
Proposed Pro�ectetl Hypothetical
2009/2010 Retained New Hypothetical Hypothetical Tax Generated
Taxabie CapNretl Taxa6le Adjusted Decrease In by Retained
Net Tax Net Tae Net Tax Local Local Captured
210,255,229 $366,886 210,622,175
454,312,272 366,886 454,679,158
210,257,A68 366,886 21Q62Q354
--- 366,886 --
Tax Rate (') Tax Rate (`) N.T.C. (')
36236% 0.063% 132,944
46268 % 0 037 % 169,749
27.644f 00481 �01,421
9.387% -- ---
119534% 0.749%
Statement 1: If the pro�ected Ret2ined Captured Net Tax Capaciry of the TIF Disirict was hypothetically available to each of
the tasing jurisdicbons above, �he resuR would be a lower local tax rate (see HypotOetwal Ad�usted Tax Rate above)
which would produce ihe same amount of taees for each taxing �unsdiction. In such a case, ihe total bwl tav rate
would decrease by 0149! (see HypotheLCal Decrease In local Tax Rate abwe) She hypothebcal tax Ma[ ihe
Re�ained Captured Net Tax Capaary of the TIF District would generate is also shown above.
Statement 2: Since �he pro�ectetl Retainetl Captured Net Tax Capactly of the TIF Disinct is not available m the taxing �unsdictions,
ihen Ihere Is no impact on taxes levied or local tax retes
(1) Taxablenet�axcapacity=totalnetfaxcapaaty-capturedTlFhswldisparitywnRibmion,ifapplicable.
(2) The impac� on these taxmg junsdictions is negligible since they represent only 7.84%ot the ro�al tax rate
FINAL 02-07-2010
�
363321v1 MMU KG400-1
D-1
10-214
FIIZST AMENDMENT TO AMENDED AND RESTATED
TAX INCREMENT FINANCING PLAN
FOR
SAINT PAUL NEIGHBORHOOD SCATTERED SITE
TAX INCREMENT FIIVANCING DISTRICT NO. lA (#100) and 4A (#148)
ORIGINALLY ADOPTED: MAY, 1988
AMENDED AND RESTATED: SEPTEMBER 22, 2004
AMENDED: FEBRUARY 10, 2010
363323v1 MMD KG406-1
10-214
FII2ST AMENDMENT TO
AMENDED AND RESTATED
TAX INCREMENT FINANCING PLAN
SAINT PAUL NEIGHBORHOOD SCATTERED SITE
TAX INCREMENT FINANCING DISTRICT NO. lA (#100) and 4A (#148)
INTRODUCTION - - IDENTIFICATION OF NEED
The Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the
"Authority") has heretofore created the Saint Paul Neighborhood Scattered Site Tax
Increment Financing District No. lA (#100) and 4A (#148) (the "Tax Increment
District") and adopted the Saint Paul Neighborhood Business Development Program
Supplemental Tax Increment Financing Plan in May 1988. On September 22, 2004, the
Authority amended and restated the Tax Increment Financing Plan for the Tas Increment
District to increase the amount of bonded indebtedness and the authorized expenditures.
The Amended and Restated TaY Increment Financing Plan did not expand the
geographical azea of the Tax Increment Disuict.
The Authority has determined that it is necessary to further amend the Amended and
Restated Tax Increment Financing Plan to increase the authorized expenditures in
connection with additional development anticipated to occur in the Tax Increment
District including, but not limited to, public redevelopment costs to be incurred by the
City of Saint Paul (the "City") and Authority in connection with the Central Corridor
Light Rail Project to be constructed along University Avenue and projects in the viciniry
of the University Avenue and Rice Street, including urban farm projects on Rice Street.
To accomplish these goals, it is necessary to amend the Amended and Restated Tax
Increment Financing Plan to increase the authorized expenditures and identify addirional
property that may be acquired by the Authority. Contemporaneously with the
amendment of this Amended and Restated Tax Increment Plan, the Authority is also (a)
enlarging the Redevelopment Project Area for the Saint Paul Neighborhood Project (the
"Redevelopment Project Area") to include property in the same general area as the
alignment of the Central Corridor Light Rail Project (the "Added Project Area") and (b)
amending the Tax Increment Financing Plans for the Spruce Tree-Metz Ta�c Increment
Financing District and Snelling University Tax Increment Financing District.
2. AMENDMENTS
The Amended and Restated Tax Increment Plan is hereby amended as follows:
A. Secuon F entitled "Prooertv in Acquisition" is amended to add all of the property
being added to the Redevelopment Project Area, which Added Property is
described on Exhibit A attached hereto.
B. Section entitled "Esrimated Cost of Project; Tax Increment Financine Plan
Bud¢et Fiscal Disoarities Estimate" is amended as set forth on Exhibit B attached
363323v1 MMD KG400-I
10-214
hereto. Exhibit B shows only the costs anticipated to be financed by the Tax
Increments, and anucipates that the Authority will enter into an agreement with
the Metropolitan Council pursuant to which the Metropolitan Council will agree
to pay for not less than $4,700,000 costs of public improvements for the Central
Corridor Light Rail project which improvements are not included in the budget set
forth on Exhibit B since these costs aze not financable from tax increments
because of the restrictions in the tax increment law described below.
The Tax Increment Act includes various limitations on the use of taY increments which
aze applicable to the Tas Increment District, unless special legislation is obtained after
the adoption of the First Amendment to remove the applicability of one or more of these
limitations to the District. These limitations include, but are not limited to, the following:
1. 469.176, subdivision 4g, clause (c).
(c)(1) Tax increments may not be used to pay for the cost of public
improvements, equipment, or other items, if:
(i) the improvements, equipment, or other items are located outside
of the area of the tax increment financing district fxom which the
increments were collected; and
(ii) the improvements, equipment, or items that (A) primarily serve
a decorative or aesthetic pucpose, or (B) serve a functional purpose, but
their cost is increased by more than 100 percent as a result of the selecdon
of materials, design, or type as compazed with more commonly used
materials, designs, or types for similar improvements, equipment, or items.
2. 469.176, subdivision 41 Prohibited facilities.
(a) No tax increment from any district may be used for:
(1) a commons area used as a public park; or
(2) a facility used for social, recreational, or conference purposes.
The budget for the entire Central Corridor Light Rail Project is attached as Exhibit B-1.
The City and Authority will utilize other legally available funds to finance any
improvements set forth in Exhibit B-1, which are described in Section 469.176,
subdivision 4(g), clause (c) or A69.176, subdivision 4(1), including but not limited to
proceeds of general obligation improvement bonds, sales tax revenues, and funds
provided by other federal, state or local enrities, including but not limited to the
Metropolitan Council.
C. Section L entitled "Estimated Impact on Other Taxine Jurisdiction" is amended to
read as set forth on Exhibit C, which shows the fiscal impact for the remaining
term of the Tax Increment District.
363323v1 MMD KG400-1
10-214
D. Section P entitled " Excess Tax Increments is amended to read as follows:
"P. EXCESS TAX INCREMENTS
The frozen tax rate for the majority of property in the Tax Increment District is
107.626%. The most recent captured tas capacity of Tax Increment Financing
District is $2,502,725 for ta�es payable in 2009. The original tax capacity is
$785,581. The estimated captured tas capacity of Tax Increment Financing
District, at the end of the duration of the Tax Increment District, is estimated to be
$2,627,930.
The Tax Increment Report showing the projected tax increments for the duration
of the Tas Increment District is attached as Exhibit D. The Authority elects to
retain all of the captured tax capacity to finance the wsts of Tax Increment
Financing District.
E. Except as herein amended, all other provisions of the Amended and Restated Tax
Increment Plan shall remain unchanged and in full force and effect.
363323v1 MMD KG400-I
10-214
E�ibit A
Property To Be Added To Redevelopment Project Area
Starting at Berry St. and Territorial Road east on Territorial Road across Hwy 280 to Cromwell
Ave north on Cromwell Ave to Bayless PI. east to Hampden Ave. then east on Hampden Ave to
Bradford St. north on Bradford St to Wycliff St. then north to Capp Road to Vandalia St. then
south on Vandalia St to Charles Ave. east on Chazles Ave to N. Prior then north on N. Prior to
Minnehaha Ave. east on Minnehaha Ave to N Fairview then south on n Fairview to Thomas
Ave. east on Thomas Ave to Fry St. then north on Fry St. to Englewood Ave. east on Engelwood
Ave to Asbury St. then south on Asbury St to Sherbume Ave. east on Sherburne Ave. to St.
Albans then north on St. Albans to Minnehaha then east on Minnehaha to Kent and south on
Kent to Sherburne and east on Sherburne to Marion St. then north on Marion St. to Como Ave.
and follow the access easement north to lot 2, Brand's Subdivision include lot 2, and north to
BN railroad then east on BN Railroad to Rice street then south on Rice street, including all
adjacent pazcels, to Winter St then east on Winter St. to Park St. and south on Park St to
University Ave. then east on University Ave to Robert St. then south on Robert St. to Twelfth St.
west on Twelfth St to MinnesoCa St. Then south on Minnesota St, including all adjacent parcels,
to 4` St. then along the northem boundary of 4�' St., including all adjacent parcels, east to
Broadway 5t. then north on Broadway to the southern boundazy of interstate 94 then east on
interstate 94 to Lafayette Road then south on Lafayette Road to Kellogg Blvd then west on
Kellogg Blvd to Broadway St then north on Broadway St to and along the southern boundary of
4` St, including all adjacent parcels, west to Wabasha St. then north on Wabasha St. to Twelfth
St., then west on Twelfth St. to the eastern boundary of Rice St north on Rice St, including all
adjacent parcels, to the northern boundary of University Ave east on University Ave, including
all adjacent pazcels, to Pazk St. then south to the southern boundary of University Ave. west,
including all adjacent parcels, on University Ave to the westem boundazy of Rice St. then south
on Rice St, including all adjacent parcels, to the northern boundary of interstate 94 then west on
interstate 94 to Emerald and north on Eraerald to University Ave then south on University Ave,
including all adjacent parcels, to Berry St. then north on Berry St. to Territorial Rd.
363323v1 MMD KG400.]
f�-1
10-214
E�chibit B
Esrimated Cost of Project; Taz Increment Financing Plan Budget;
Fiscal Dispariries Esrimate
The Authority has determined that it will be necessary to provide assistance for certain public
costs occurring pursuant to the restated TIF plan and this amendment to include the Central
Corridar Light Rail Project to be constructed along University Avenue and projects in the
vicinity of University Avenue and Rice Street including Urban Farms project on Rice Street To
facilitate the development acuvities within the Tax Increment Financing District, this amendment
authorizes the use of tax increment financing to pay for a portion of the cost of certain eligible
expenses. The estimate of public costs and uses of funds associated with the Tax Increment
Financing District as amended is on the following page.
Estimated costs associated with the Tax Increment Financing District are subject to change and
may be reallocated between line items by a resolution of the Authority. The cost of all activiries
to be financed by the tax increment will not exceed, without formal modification, the budget for
the tax increments set forth on the following page. The Authority may spend tax increments
outside the Tax Increment Financing District but within the Redevelopment Project area to
finance eligible activities.
The increment generated from the TaY Increment Financing District will be used in the following
categories:
1) To pay principal and interest on bonds to finance project costs;
2) To repay any loans including interest on these loans as authorized by the Authority to
pay for any eligible public costs;
3) To fund and replenish a debt service reserve for the payment of principal and interest
on bonds use to the finance project costs;
4) To finance or otherwise pay public redevelopment costs of the project pursuant to
Minnesota Statutes, Chapter 469.
5) To pay administrative expenses of the Authority related to the project; and
6) To return to the County of Ramsey for distriburion to impacted taxing jurisdictions.
Pursuant to Minnesota Statutes, Secuon 469.177, Subd. 3, the Authority has elected 5ubdivision
(a) indicating that the fiscal disparities contribution is made from outside the Tax Increment
Financing Disffict.
363323v1 MMD KG400.I
B-1
10-214
TIF Plan Ammtlments (Ceniral Co�ridor Projec�)
M2MelValue HomesleaE Crptlil
Imes�menlEarninBs
8on0 Prpc¢p�3
Loan PrcceNs
BOeaal AssusmenLs
saievieue p�xeeas
LoeNaOVance repeymenk
GranU
omer�aesu�eel
ime�ano� ma�
�a�a saie
MisdPILOT Paymenl/ONer
Aemnes
tt�sie�s m
swuce nre nF.v,aio,ios
$i�¢IrtipiO�¢l�enWP�B09�aLOn CASK
In6lellaliono(PUUIFIl101iBs
PaMing FacJilies
so-eais a s�ar++��s
PubLCpa�klaoA4es
sociai,aecreauo�,or�omiewnee:
ime�es� aeeun�m vaymm�s
gontl PrinnPa Paymen6
Bontlinleres�Paymenls'
Loan pnnnpalpaymenls
LoaNno@ in�¢rest paymen6
NJmimsVa�ive expekes
ome.�aesvroel
nno.aaeie No�:i�q
c�neiaea imeres� •
$i1PImp�OV2mEn�5�0lAGEPU�O
CoMingarcy
Culotlnsurance�q�mm EvOen
Cos� ol lssua¢e - PEmm Expen
NE Come� ot Umo & Oale-FCpusi�on
$t PlbansPm�eU-ACW�s1ronIRelCCatwn
Unrvers�ry/pale Pm�ec�- A�usil�on
Ghalen Villa9e-HOUSmg -PoOwsLONSile Imp
PayneAV¢N�M1i�eall-ACymsi�wn
Froa�wn 9quare-PCpwsilion &6Je Prep
Sneimpm. emuw�uaiconmo,
ms�nano� oi ww� uuvc�mai co�w.
$bfl¢LS&S�dewalk5/CBn�aIGOrn00�
Gdlkiig Impl/C¢nVdl CamtlO�
o�ne�a�e imoro�ma�um,ce��remoRmo��s�auo��
oowmow� a�re s�-ncaoemasne imwaeMin
UNan Fa�ms P�ase II - MyDemWPazhrtg
HeWrn o1lnEremenl
0
900.000
15,000.000
1300,W0
0
is.aoo
0
0
0
i,000.oao
�.000,000
0
4.282)60
a
0
t000,aoo
0
0
0
IS,OOO,WO
4.000.000
1.300,000
a.000,000
2,]00,000
s.000,000
soo,000
0
300,000
0
0
0
9
0
a
0
0
0
0
0
0
0
0
a
0
BuOge�
0 0
20.000 2,820,000
95,000) ],515.000
0 1.300.000
0 0
�i,ua� s,vas
4G969 d6,969
0 0
0 0
so.00a �w,000
syxz» zae,na
o +,000.000
0 0
16.8R G 299.632
0 0
0 0
o� o
0 p
o� o
0 0
0 0
0 0
07 �,su,000
o) z.�ss.aoo
o �.aoo,000
0) 5]8,920
9 2.93G.829
no.000
utsss
&50,000
1.]?5 �08
2,5A0.000
852,695
110.255
1.610.000
�.soo.000
0
soo.000
aoo,000
s,2ao,000
�soo.000
0
0
0
0
zso,000
0
138.606
141.565
&50,000
I 135.308
2,540,000
852.695
110,255
1b�0,n�p
i,aoo,oao
0
soo,000
aoo,000
s,zoa,oao
�,soo,000
0
TIFOnI -Em rteBUilOtt
En54ng
BoEget FreIBUtlBe�
09/2&200a Cnan es Fe�.2�l0
Sb,�d6'120 152,936,2201 23210.000
a o 0
0 0 0
0 0 0
CS5,885 0 665.8&5
0 0 0
928,6&5 0 328.685
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
ia.zm s,000 is.zio
0 0 0
0 0 0
0 o a
0 0 0
$]C53C00 $Y829)20 444R ]80
$0 £� £0
3,933.fd5 (2.551,148f 1.382.53]
rso,000 wso,000� o
0 0 0
0 o a
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
6c5.A95 0 665,885
IA�4000 (SID,Ba'n a8A359
606,i30 1283.d30) 321,000
0 0 0
0 0 0
0 0 0
399.000 �399,000) o
0 o a
0 0 0
a o 0
0 O 0
0 0 0
0 0 0
0 0 0
o a a
0 0 0
a o 0
0 0 0
0 0 0
0 0 0
0 0 0
a i.zoo,000 �,zoo.000
0 165.000 165,00�
0 0 0
y]0.53C00 S 8]9R2U $C2R3]80
FlNALO?01-SOfO
10-214
Exhibit B-1
Central Corridor Light Rail Transit Project
Overall Sources & Uses
Uses
LRT Project run by Met Council
Local Enhancements (St. Paul)
941,000,000
18,707,430
Total Uses 959,707,430
Sources
Combination Federal, State, County
Local Funds (Permanent)
CIB
STAR
TIF (3 Districts)
GO Assessment Bonds (net proceeds)
Total Sources
941,000,000
2,000,000
1,200,000
12,665,430
2,842,000
18,707,430
707
363323v1 MMD KG400-1
8-1-1
10-214
Exhibit C
Estimated ImoaM on Other Taxino Juristlictions Repon
CiTy of Saint Paul, Minnesota
7ax Increment Financing District • Redevelopmenf Districf
St. Paul Neighborhoad Scattered Site TIF No. 1A (COUnry #100 ”)
Projected Increment 2009-2016
Final Collectian Year 2Ut6
Without
Project or TIF District With Project and TIF Oistrict
Proposed Proposed Prqected Hypothencal
2009/2010 Adjusted 2009/2010 Retained New Hypothetical Hypothebcal Tax Generatetl
T�able Frozen Taxable Captured Taxable Atl�usted Decrease In by Retametl
Taxing Net Tax Local Net T� Net Tax Net Tax Local Local Captured
_ Junstlicbon Capacity (1 � Tax Rate' Capaciry (1) + Capaciry = Capaciry Tax Rate (") Tax Rate (^) N.T.0 (")
CityofSaintPaN 270,255,229 33.439% 21Q255,229 $2.627,930 212,883,159 33027% 0473% 867,97fi
RamseyCounty 45a,312,272 3J.158% 454,312,272 2,fi27,930 456,940,202 3fi944% 0214% 970,859
ISD#625 270,25�,468 27.692% 210,257,468 2,627,930 212,885,398 27350%
Other(2) "- 9387% -- 2,627,930 ""' 9387%
Totals 107 676 % 106 708 %
' The Atljus[etl Frozen Local Tax Rate is basetl on [he proposetl 2010 ra[e minus base rate excess (the amount the curtent rat¢ exceetls the froien �ate)
" Statement 1' I� [he prolectetl Relainetl CapNretl Net Tae Capaaty of IhE TIF DS�nCt was hypotheGCally available ro each o�
(he taeu�g �unsd�c(wns above, the rewll wouW be a lower local lzv rete (see Hypothe\ica{ Adjustea Taz Rate above)
wh¢h woultl produce the Same amount o� taees tor each taxing �unsdic[ion. In such a case, [he total local [ax ra[e
woultl decrease by 0 968 %(see Hypothe0cal pecrease m Local Tax fta�e above) The hypothehcal tax [hat the
Retained Captu�etl Net Tax Capactly o� [he TIF Disinct woNtl genera[e is also shown above
Statement 2: Smce Ihe pro�eCtetl Re[ainetl Wpturetl Ne[ T� Capaciry of the TIF DIS[nct is no[ available to the taxmg rynstlictions,
�hen �here is no impac� on i�es levietl or local [ae ra�es.
(1) Tavablenelhxcapacity=rotalnettaecapaqry-capNredTIF-hscaldispantycontribu0oqrfappLCable
(2) Theimpactonthese[axingryristl¢tio�sisnegiigiblesmcetheyrepresen[only8.]2/oitheroWltaxrate.
0342% 718,743
0 968 %
FINAL 02-07-2010
363323v1 MMD KG400.1
L'-�
10-214
Annual Total Total
Penotl Taxable Net7ar
Endmg MarketValue' Capaciry
1?l31l09 236,504,200 3,293,728
12/31/10 235,48Q000 3,289,036
12/31/11 235,a86,000 3,289,036
12/31/12 235,486,000 3,289,036
12/31/13 23�J05,8a2 3,319,692
12/31/14 239,947,882 3,350,654
12/31/15 242,212,343 3,381,926
Market �alve infl2tor begms in 2013
Exhibit D
Proiected Tax Increment Reaort
City of Saint Paui, Minnesota
Tax Increment Financing District • Redevelopment District
St. Paul Neighborhood Scatteretl Site TIF No. t A(County #100 ˬ)
Projected Increment 2009•2016
Final Collecti0n Vear2016
Less:
Original
Net Tac
Capaciry
Re[ametl Times:
CapWred iax Annual
NetT� Capacry GrossTax
Capacity Rate" Increment
�ess
State Aud
Detluciion
0.3fi0 %
(B)
9,598
9,�06
9,706
9,706
9,823
9,943
10,064
Gross
Revenue
to HRA
791,003
785,581
785,587
785,581
785,581
785,581
785,581
2,502,725
2,503,a55
2,503,455
2,503,455
2.534,111
2,565,073
2,596,345
2,665,982
2,696,131
2,696,131
2,696,131
2,728,630
2,761,969
2,785,641
2,656,385
2,686,425
2,686,425
2,686,425
2,718,807
2,752p26
2,785,577
2009-2016 21,791,133
lhru 2008 13,566,867
Tota/ 35,360,000
st, isca mpacts
School
Ramsey District
Couniy QSD #625)
Share"' Share""
1,074,306 566.333
927,050 690,892
927,050 690,892
927,050 690,892
938,225 699,220
949,688 707,763
961,266 716.392
972,822 725,003
7,677,45] 5,487,387
"' The Eshmated F�scal impacis represenis lhe est�mated amount of ta� mcremenls over ihe remammg Ide of ikve tlisir�ci thaC woultl be attnbufable to counry and schoo! tl�strict
levies, assummg ihev share of ihe frozen �ax raie remains �he same. The irozen rate is the proposed pay 2010 ra�e minus base rate excess Qf any).
FINAL 02-01-2010
3633?3v1 MMD KG4041
D-I