2023 City of Shakopee Budget

148

2023 Annual Budget

G.O. Tax Increment Revenue Bonds, Series 2019A $ 4,220,000 February 1, 2036

Fund: Issuance: Maturity:

Establishment:

The bond was issued for $4,220,000 and matures on February 01, 2036. The bond was issued to fund the following construction projects: 12th Avenue Reconstruction and various public improvements within the Tax Increment Financing District No. 18 (Canterbury Commons)

Key Measures:

Actual

Actual

Projected

Projected

2020

2021

2022

2023

Principal Remaining Interest Remaining

$ $

4,220,000 1,027,200

$ $

4,220,000

$ $

4,010,000

$ $

3,790,000

891,738

761,525

642,063

TIF Revenue Transfer

$

95,503

$

263,701

$

362,211

$

361,161

Cash Balances

$

164,898

$

290,355

$

311,668

$

332,366

Debt Remaining

Yearly Totals

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

6,000,000

5,000,000

4,000,000

3,000,000

2,000,000

- 50,000

1,000,000

2020

2021

2022

2023

-

2020

2021

2022

2023

Principal

Interest

Principal

Interest

Fund Transfer

Cash Balances