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TIF Projection Reports - Near North

This is a filtered view based on TIF Projection Reports.

Row numberTIF Reference NumberTIF NameReport GroupItemYearAmount ($ Dollars)End Date
1T-030Near NorthCurrent ObligationsParkside at Old Town Ph. II RDA payments2013-164320007/30/2020
2T-030Near NorthCurrent ObligationsPark District IGA - Stanton Park2013-350000007/30/2020
3T-030Near NorthCurrent ObligationsPark District IGA - Seward Park2013-40000007/30/2020
4T-030Near NorthCurrent ObligationsDebt Service - Taxable Bond Series 1999 A2017-688120007/30/2020
5T-030Near NorthCurrent ObligationsDebt Service - Taxable Bond Series 1999 A2015-595320007/30/2020
6T-030Near NorthCurrent ObligationsDebt Service - Taxable Bond Series 1999 A2016-678630007/30/2020
7T-030Near NorthCurrent ObligationsDebt Service - Taxable Bond Series 1999 A2014-588450007/30/2020
8T-030Near NorthCurrent ObligationsDebt Service - Taxable Bond Series 1999 A2013-590320007/30/2020
9T-030Near NorthCurrent ObligationsCPS ADA Ph.1 - Manierre &Schiller2013-225000007/30/2020
10T-030Near NorthCurrent ObligationsConcrete Restoration - Sedgewick, North to Division2013-15000007/30/2020
11T-030Near NorthCurrent ObligationsBridge reconstruction - Division over Chicago River North Branch2013-350000007/30/2020
12T-030Near NorthCurrent ObligationsBicycle sharing program station installation2013-38440007/30/2020
13T-030Near NorthCurrent ObligationsADA Ramps - Sedgewick, Division to North2013-14660007/30/2020
14T-030Near NorthTransfers Between TIF DistrictsTransfer from North Branch South (Repay prior funds transfer)2013250000007/30/2020
15T-030Near NorthRevenueProperty tax20171480400007/30/2020
16T-030Near NorthFund BalanceFY'12 surplus returned in 20132013-62600007/30/2020
17T-030Near NorthFund BalanceEncumbrances through FY'122013-1060590007/30/2020
18T-030Near NorthProposed ProjectsProposed redevelopment project #12015-588400007/30/2020
19T-030Near NorthProposed ProjectsProposed redevelopment project #22014-1000000007/30/2020
20T-030Near NorthProposed ProjectsCPS IGA - Walter Payton Prep2015-850000007/30/2020
21T-030Near NorthProposed ProjectsCPS IGA - Walter Payton Prep2014-850000007/30/2020
22T-030Near NorthCurrent ObligationsSmall Business Improvement Fund2013-50000007/30/2020
23T-030Near NorthCurrent ObligationsRiver Village Site G RDA note payments2013-86550007/30/2020
24T-030Near NorthCurrent ObligationsProgram administration2017-52490007/30/2020
25T-030Near NorthCurrent ObligationsProgram administration2016-50960007/30/2020
26T-030Near NorthCurrent ObligationsProgram administration2015-48790007/30/2020
27T-030Near NorthCurrent ObligationsProgram administration2014-37450007/30/2020
28T-030Near NorthCurrent ObligationsProgram administration2013-36400007/30/2020
29T-030Near NorthCurrent ObligationsParkside at Old Town Ph. II RDA payments2017-164320007/30/2020
30T-030Near NorthCurrent ObligationsParkside at Old Town Ph. II RDA payments2016-164320007/30/2020
31T-030Near NorthCurrent ObligationsParkside at Old Town Ph. II RDA payments2015-164320007/30/2020
32T-030Near NorthRevenueProperty tax20161480400007/30/2020
33T-030Near NorthRevenueProperty tax20151480400007/30/2020
34T-030Near NorthRevenueProperty tax20141571500007/30/2020
35T-030Near NorthRevenueProperty tax20131667400007/30/2020
36T-030Near NorthFund BalanceRevenue recognition adjustment2013-286150007/30/2020
37T-030Near NorthFund BalanceReserved for debt service2013-1174550007/30/2020
38T-030Near NorthFund BalanceFY'12 year-end balance20135385210007/30/2020
39T-030Near NorthCurrent ObligationsParkside at Old Town Ph. II RDA payments2014-164320007/30/2020

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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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