2023 City of Shakopee Budget

150

2023 Annual Budget

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

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

$ $

8,165,000 2,065,792

$ $

8,165,000 1,819,750

$ $

8,165,000 1,592,050

$ $

7,755,000 1,372,550

TIF Revenue Transfer

$

-

$

130,216

$

669,585

$

668,115

Cash Balances

$

359,906

$

242,704

$

683,699

$

721,314

Debt Remaining

Yearly Totals

- 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000

12,000,000

10,000,000

8,000,000

6,000,000

4,000,000

2,000,000

2020

2021

2022

2023

-

2020

2021

2022

2023

Principal

Interest

Principal

Interest

Fund Transfer

Cash Balances