2021 City of Shakopee Budget

146

2021 Annual Budget

February 1, 2037 $ 8,165,000 G.O. Tax Increment Revenue Bonds, Series 2020A

Fund: Issuance: Maturity:

Establishment:

The bond was issued for $8,165,000 and matures on February 01, 2037. The bond was issued to fund the following construction projects: Unbridled Reconstruction and various public improvements within the Tax Increment Financing District No. 18 (Canterbury Commons).

Key Measures:

Actual

Actual

Projected

Projected

2018

2019

2020

2021

Principal Remaining Interest Remaining

$ $

- -

$ $

- -

$ $

8,165,000 2,064,793

$ $

8,165,000 1,819,750

Cash Balances

$

-

$

-

$

359,893

$

233,950

Debt Remaining

Yearly Totals

100,000 150,000 200,000 250,000 300,000 350,000 400,000

12,000,000

10,000,000

8,000,000

6,000,000

4,000,000

- 50,000

2,000,000

2018

2019

2020

2021

-

2018

2019

2020

2021

Principal

Interest

Principal

Interest

Fund Transfer

Cash Balances