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TIF Projection Reports - Canal/Congress

This is a filtered view based on TIF Projection Reports.

Row numberTIF Reference NumberTIF NameReport GroupItemYearAmount ($ Dollars)End Date
1T-063Canal/CongressCurrent ObligationsProtected Bikeways 20132013-5200012/31/2022
2T-063Canal/CongressCurrent ObligationsSidewalk & Lighting - Union Station2013-75000012/31/2022
3T-063Canal/CongressCurrent ObligationsHillshire Brands RDA2015-100000012/31/2022
4T-063Canal/CongressCurrent ObligationsHillshire Brands RDA2014-100000012/31/2022
5T-063Canal/CongressCurrent ObligationsHillshire Brands RDA2013-100000012/31/2022
6T-063Canal/CongressCurrent ObligationsBus Rapid Transit Center2013-1106000012/31/2022
7T-063Canal/CongressCurrent ObligationsBicycle sharing program station installation2013-9610012/31/2022
8T-063Canal/CongressCurrent Obligations550 W. Adams LLC RDA note payments2017-108730012/31/2022
9T-063Canal/CongressCurrent Obligations550 W. Adams LLC RDA note payments2016-108730012/31/2022
10T-063Canal/CongressCurrent Obligations550 W. Adams LLC RDA note payments2015-108730012/31/2022
11T-063Canal/CongressCurrent Obligations550 W. Adams LLC RDA note payments2014-108730012/31/2022
12T-063Canal/CongressCurrent Obligations550 W. Adams LLC RDA note payments2013-108730012/31/2022
13T-063Canal/CongressTransfers Between TIF DistrictsTransfer to River South (Wells St. Improvements)2015-510000012/31/2022
14T-063Canal/CongressTransfers Between TIF DistrictsTransfer to River South (Wells St. Improvements)2014-4060000012/31/2022
15T-063Canal/CongressRevenueProperty tax20171678800012/31/2022
16T-063Canal/CongressRevenueProperty tax20161678800012/31/2022
17T-063Canal/CongressRevenueProperty tax20151678800012/31/2022
18T-063Canal/CongressRevenueProperty tax20141779300012/31/2022
19T-063Canal/CongressRevenueProperty tax20131885100012/31/2022
20T-063Canal/CongressFund BalanceFY'12 year-end balance20134923790012/31/2022
21T-063Canal/CongressFund BalanceRevenue recognition adjustment2013-290080012/31/2022
22T-063Canal/CongressFund BalanceFY'12 surplus returned in 20132013-398700012/31/2022
23T-063Canal/CongressFund BalanceEncumbrances through FY'122013-390750012/31/2022
24T-063Canal/CongressCurrent ObligationsHillshire Brands RDA2016-100000012/31/2022
25T-063Canal/CongressCurrent ObligationsHillshire Brands RDA2017-100000012/31/2022
26T-063Canal/CongressCurrent ObligationsLighting - Union Station2013-50000012/31/2022
27T-063Canal/CongressCurrent ObligationsProgram administration2013-40980012/31/2022
28T-063Canal/CongressCurrent ObligationsProgram administration2014-42220012/31/2022
29T-063Canal/CongressCurrent ObligationsProgram administration2015-55140012/31/2022
30T-063Canal/CongressCurrent ObligationsProgram administration2016-57600012/31/2022
31T-063Canal/CongressCurrent ObligationsProgram administration2017-59320012/31/2022

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created Apr 08, 2011

updated Oct 28, 2013

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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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