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TIF Projection Reports - Stockyards Industrial Commercial

This is a filtered view based on TIF Projection Reports.

Row numberTIF Reference NumberTIF NameReport GroupItemYearAmount ($ Dollars)End Date
1T-043Stockyards AnnexCurrent ObligationsProfessional services2013-25000012/31/2020
2T-043Stockyards AnnexRevenueProperty tax201666200012/31/2020
3T-043Stockyards AnnexRevenueProperty tax201566200012/31/2020
4T-043Stockyards AnnexRevenueProperty tax201483800012/31/2020
5T-043Stockyards AnnexRevenueProperty tax2013102400012/31/2020
6T-043Stockyards AnnexFund BalanceRevenue recognition adjustment2013-10170012/31/2020
7T-043Stockyards AnnexFund BalanceFY'12 year-end balance2013828810012/31/2020
8T-043Stockyards AnnexFund BalanceEncumbrances through FY'122013-441590012/31/2020
9T-043Stockyards AnnexProposed TransfersProposed transfer to 47th/Halsted (Streetscaping)2013-154780012/31/2020
10T-043Stockyards AnnexProposed ProjectsStreetscape - Halsted, 39th to 47th2013-124030012/31/2020
11T-043Stockyards AnnexProposed ProjectsEngineering report - 4150 S. Halsted2013-5000012/31/2020
12T-043Stockyards AnnexCurrent ObligationsProgram administration2017-2600012/31/2020
13T-043Stockyards AnnexCurrent ObligationsProgram administration2016-2540012/31/2020
14T-043Stockyards AnnexCurrent ObligationsProgram administration2015-2430012/31/2020
15T-043Stockyards AnnexCurrent ObligationsProgram administration2014-2230012/31/2020
16T-043Stockyards AnnexCurrent ObligationsProgram administration2013-2470012/31/2020
17T-043Stockyards AnnexCurrent ObligationsExperimur RDA2014-30000012/31/2020
18T-043Stockyards AnnexCurrent ObligationsExperimur RDA2013-30000012/31/2020
19T-043Stockyards AnnexCurrent ObligationsBuilding repairs - city-owned landmark building2013-19880012/31/2020
20T-043Stockyards AnnexRevenueProperty tax201766200012/31/2020
21T-043Stockyards AnnexCurrent ObligationsExperimur RDA2015-30000012/31/2020
22T-043Stockyards AnnexCurrent ObligationsExperimur RDA2016-30000012/31/2020
23T-043Stockyards AnnexCurrent ObligationsPershing Morgan LLC RDA2013-45850012/31/2020
24T-043Stockyards AnnexCurrent ObligationsPershing Morgan LLC RDA2014-22920012/31/2020
25T-043Stockyards AnnexCurrent ObligationsPershing Morgan LLC RDA2015-22920012/31/2020

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created Apr 08, 2011

updated Nov 21, 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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