Go back to the interactive dataset

TIF Projection Reports - Western Avenue/Rock Island

This is a filtered view based on TIF Projection Reports.

Row numberTIF Reference NumberTIF NameReport GroupItemYearAmount ($ Dollars)End Date
1T-142Western/Rock IslandCurrent ObligationsProgram administration2016-350012/31/2030
2T-142Western/Rock IslandFund BalanceEncumbrances through FY'122013-176360012/31/2030
3T-142Western/Rock IslandFund BalanceFY'12 year-end balance2013810840012/31/2030
4T-142Western/Rock IslandFund BalanceRevenue recognition adjustment2013-28450012/31/2030
5T-142Western/Rock IslandRevenueProperty tax201365400012/31/2030
6T-142Western/Rock IslandRevenueProperty tax201430400012/31/2030
7T-142Western/Rock IslandRevenueProperty tax20152200012/31/2030
8T-142Western/Rock IslandCurrent ObligationsHome Run Inn RDA2014-5000012/31/2030
9T-142Western/Rock IslandCurrent ObligationsHome Run Inn RDA2013-20000012/31/2030
10T-142Western/Rock IslandCurrent ObligationsCPS IGA - Morgan Park HS Renovations2013-4400012/31/2030
11T-142Western/Rock IslandTransfers Between TIF DistrictsTransfer to 119th/I-57 (Blackwelder Park)2013-95000012/31/2030
12T-142Western/Rock IslandRevenueProperty tax20172200012/31/2030
13T-142Western/Rock IslandRevenueProperty tax20162200012/31/2030
14T-142Western/Rock IslandCurrent ObligationsPark District IGA - Ice Rink2015-48250012/31/2030
15T-142Western/Rock IslandCurrent ObligationsProgram administration2015-340012/31/2030
16T-142Western/Rock IslandCurrent ObligationsProgram administration2014-980012/31/2030
17T-142Western/Rock IslandCurrent ObligationsProgram administration2017-350012/31/2030
18T-142Western/Rock IslandCurrent ObligationsProgram administration2013-1660012/31/2030
19T-142Western/Rock IslandCurrent ObligationsPark District IGA - Ice Rink2017-48680012/31/2030
20T-142Western/Rock IslandCurrent ObligationsProtected Bikeways 20132013-740012/31/2030
21T-142Western/Rock IslandCurrent ObligationsPark District IGA - Ice Rink2016-48520012/31/2030
22T-142Western/Rock IslandProposed TransfersProposed transfer to 95th/Western (Streetscape - 95th, Ph. 2)2013-120000012/31/2030
23T-142Western/Rock IslandCurrent ObligationsStreetscape - Walden Pkwy & 99th2013-119800012/31/2030
24T-142Western/Rock IslandProposed ProjectsProposed redevelopment project2014-12000012/31/2030
25T-142Western/Rock IslandProposed ProjectsProposed redevelopment project2015-12000012/31/2030
26T-142Western/Rock IslandProposed ProjectsProposed redevelopment project2016-12000012/31/2030
27T-142Western/Rock IslandProposed ProjectsProposed redevelopment project2017-12000012/31/2030
28T-142Western/Rock IslandProposed TransfersProposed transfer from 95th/Western (Ice Rink)201640000012/31/2030
29T-142Western/Rock IslandProposed TransfersProposed transfer from 95th/Western (Ice Rink)201740000012/31/2030
30T-142Western/Rock IslandProposed TransfersProposed transfer from 95th/Western (Repay prior funds transfer)201560000012/31/2030
31T-142Western/Rock IslandProposed TransfersProposed transfer from 95th/Western (Repay prior funds transfer)201660000012/31/2030
32T-142Western/Rock IslandCurrent ObligationsHome Run Inn RDA2015-5000012/31/2030
33T-142Western/Rock IslandCurrent ObligationsHome Run Inn RDA2016-5000012/31/2030
34T-142Western/Rock IslandCurrent ObligationsPark District IGA - Firemen's Memorial Park2013-67500012/31/2030
35T-142Western/Rock IslandCurrent ObligationsPark District IGA - Ice Rink2014-200000012/31/2030

About

cocadmin cocadmin

created Apr 15, 2011

updated Nov 18, 2013

View Full Page
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.

Activity
Community Rating
Current value: 0.0 out of 5
Your Rating
Current value: out of 5
Raters
0
Visits
105
Downloads
22
Comments
0
Contributors
0
Meta
Category
Community & Economic Development
Permissions
Public
Tags
tif
Row Count
35

Filter

  • ;
  • ;
  • ;
  • ;
  • ;
  • ;
  • ;

Sort

  • ;
  • ;
  • ;
  • ;
  • ;
  • ;
  • ;

Search

Saved Views

Sharing

This view is public

Publishing

See Preview