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TIF Projection Reports - Near West

This is a filtered view based on TIF Projection Reports.

Row numberTIF Reference NumberTIF NameReport GroupItemYearAmount ($ Dollars)End Date
1T-032Near WestCurrent ObligationsLake Street Studios RDA2013-310000012/31/2013
2T-032Near WestCurrent ObligationsGO bond reimbursement - Halsted, Madison to VanBuren2013-7780012/31/2013
3T-032Near WestCurrent ObligationsGO bond reimbursement - Greektown Stonework on Halsted2013-39400012/31/2013
4T-032Near WestCurrent ObligationsCurb & gutter, sidewalks, street resurfacing - multiple locations2013-525500012/31/2013
5T-032Near WestFund BalanceFY'12 surplus returned in 20132013-502500012/31/2013
6T-032Near WestFund BalanceRevenue recognition adjustment2013-301040012/31/2013
7T-032Near WestRevenueProperty tax20131324100012/31/2013
8T-032Near WestTransfers Between TIF DistrictsTransfer to Central West (Rush University Medical Center RDA)2013-969860012/31/2013
9T-032Near WestCurrent ObligationsStreet resurfacing - Madison, Racine to Halsted2013-89000012/31/2013
10T-032Near WestCurrent ObligationsAlley reconstruction - 1101 W. Randolph2013-27000012/31/2013
11T-032Near WestFund BalanceFY'12 year-end balance20133470350012/31/2013
12T-032Near WestCurrent ObligationsArterial street resurfacing - Aberdeen, Washington to Carroll2013-6230012/31/2013
13T-032Near WestFund BalanceEncumbrances through FY'122013-391030012/31/2013
14T-032Near WestCurrent ObligationsBicycle sharing program station installation2013-14420012/31/2013
15T-032Near WestCurrent ObligationsStreet and alley resurfacing - multiple locations2013-451400012/31/2013
16T-032Near WestCurrent ObligationsSmall Business Improvement Fund2013-75000012/31/2013
17T-032Near WestCurrent ObligationsSidewalks - Adams, Sangamon, Monroe, Peoria, Racine2013-2990012/31/2013
18T-032Near WestCurrent ObligationsSewer and water main replacement - multiple locations2013-348600012/31/2013
19T-032Near WestCurrent ObligationsProgram administration2013-28990012/31/2013
20T-032Near WestCurrent ObligationsLeft turn arrow2013-10500012/31/2013

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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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