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TIF Projection Reports - 43rd/Cottage Grove

This is a filtered view based on TIF Projection Reports.

Row numberTIF Reference NumberTIF NameReport GroupItemYearAmount ($ Dollars)End Date
1T-05543rd/Cottage GroveRevenueProperty tax2015180200007/08/2021
2T-05543rd/Cottage GroveCurrent ObligationsHearts United II LP RDA payments2015007/08/2021
3T-05543rd/Cottage GroveCurrent ObligationsHearts United I LP RDA payments2017007/08/2021
4T-05543rd/Cottage GroveCurrent ObligationsHearts United II LP RDA payments2014007/08/2021
5T-05543rd/Cottage GroveCurrent ObligationsHearts United II LP RDA payments2013007/08/2021
6T-05543rd/Cottage GroveCurrent ObligationsHearts United I LP RDA payments2014007/08/2021
7T-05543rd/Cottage GroveCurrent ObligationsHearts United I LP RDA payments2015007/08/2021
8T-05543rd/Cottage GroveCurrent ObligationsHearts United I LP RDA payments2016007/08/2021
9T-05543rd/Cottage GroveProposed ProjectsProposed redevelopment project #12017-180000007/08/2021
10T-05543rd/Cottage GroveProposed ProjectsProposed redevelopment project #12016-180000007/08/2021
11T-05543rd/Cottage GroveProposed ProjectsProposed redevelopment project #12015-180000007/08/2021
12T-05543rd/Cottage GroveCurrent ObligationsShops & Lofts at 47th RDA payments2017-201570007/08/2021
13T-05543rd/Cottage GroveCurrent ObligationsShops & Lofts at 47th RDA payments2016-201570007/08/2021
14T-05543rd/Cottage GroveCurrent ObligationsShops & Lofts at 47th RDA payments2015-201570007/08/2021
15T-05543rd/Cottage GroveCurrent ObligationsShops & Lofts at 47th RDA payments2014-201570007/08/2021
16T-05543rd/Cottage GroveCurrent ObligationsShops & Lofts at 47th RDA payments2013-436400007/08/2021
17T-05543rd/Cottage GroveCurrent ObligationsProgram administration2017-6420007/08/2021
18T-05543rd/Cottage GroveCurrent ObligationsProgram administration2016-6240007/08/2021
19T-05543rd/Cottage GroveCurrent ObligationsProgram administration2015-5980007/08/2021
20T-05543rd/Cottage GroveCurrent ObligationsProgram administration2014-4700007/08/2021
21T-05543rd/Cottage GroveCurrent ObligationsProgram administration2013-4640007/08/2021
22T-05543rd/Cottage GroveCurrent ObligationsHearts United III LP RDA payments2017-5510007/08/2021
23T-05543rd/Cottage GroveCurrent ObligationsHearts United III LP RDA payments2016-5400007/08/2021
24T-05543rd/Cottage GroveCurrent ObligationsHearts United III LP RDA payments2015-5290007/08/2021
25T-05543rd/Cottage GroveCurrent ObligationsHearts United III LP RDA payments2014-1740007/08/2021
26T-05543rd/Cottage GroveCurrent ObligationsHearts United III LP RDA payments2013007/08/2021
27T-05543rd/Cottage GroveCurrent ObligationsHearts United II LP RDA payments2017007/08/2021
28T-05543rd/Cottage GroveCurrent ObligationsHearts United II LP RDA payments2016007/08/2021
29T-05543rd/Cottage GroveFund BalanceEncumbrances through FY'122013-162220007/08/2021
30T-05543rd/Cottage GroveFund BalanceFY'12 year-end balance20131108880007/08/2021
31T-05543rd/Cottage GroveFund BalanceRevenue recognition adjustment2013-39190007/08/2021
32T-05543rd/Cottage GroveRevenueProperty tax2013209400007/08/2021
33T-05543rd/Cottage GroveRevenueProperty tax2014194400007/08/2021
34T-05543rd/Cottage GroveRevenueProperty tax2016180200007/08/2021
35T-05543rd/Cottage GroveRevenueProperty tax2017180200007/08/2021
36T-05543rd/Cottage GroveCurrent ObligationsHearts United I LP RDA payments2013007/08/2021

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created Apr 08, 2011

updated Oct 28, 2013

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Description

The Tax Increment Financing (TIF) Projection Report is a three-year planning document used to evaluate resources and project balances to determine how much funding has been committed and how much funding is available for potential projects in each of the City’s TIF districts. This report is updated with the latest available information and does not represent a final accounting of funds in any TIF district. Annual audited financial reports are found on the City’s website and are published once a year to reflect the balances and expenditures in each TIF fund. The TIF Projection Report provides estimates of TIF revenue and expenditures in each TIF district in the City of Chicago over a three-year period. Funding sources include: Unallocated Funds: Available funds at the beginning of the current year. This includes incremental property tax revenue from prior years. Revenue collected in the prior year is typically used to fund obligations in the current year. Some portion of prior-year collections may be used to fund obligations in subsequent years. Unallocated Bond/Note Proceeds: Available funds remaining from a bond sale or note issued to the City by a bank or other lender. Estimated Incremental Property Tax Revenue: Includes projected incremental property tax revenue collections for the current and subsequent two years. Estimates are based on recent equalized assessed values and tax rates and may be adjusted to reflect property tax collection patterns for a particular TIF. Transfers include: Transfers In: Funds that are transferred into a TIF district for a specific purpose from one or more adjacent TIF districts. Transfers Out: Funds that are transferred to one or more adjacent TIF districts for specific purposes. Current obligations items may include: Debt service payments on bonds or notes; payments to private developers pursuant to redevelopment agreements authorized by City Council; costs of public improvements; and costs of capital projects for overlapping taxing districts, such as the Board of Education or the Chicago Park District. The obligations may also include administrative costs that are incurred by the City for the implementation and administration of the Redevelopment Plan associated with each TIF. Potential projects include: Projects that are currently under consideration and which have not yet received necessary approval(s). In some cases, the dollar amounts listed reflect estimated project costs. As these projects take shape and move through the approval process, they are expected to become an obligation of the TIF.

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