2020 City of Shakopee Budget

144

2020 Annual Budget

February 1, 2036 $ 4,220,000 G.O. Tax Increment Revenue Bonds, Series 2019A

Fund: Issuance: Maturity:

Establishment:

The bond was issued for $4,220,000 and matures on February 01, 2036. The bond was issued to fund the following construction projects: 12th Avenue Reconstruction and various public improvements within the Tax Increment Financing District No. 18.

Key Measures:

Actual

Actual

Projected

Projected

2017

2018

2019

2020

Principal Remaining Interest Remaining

$ $

- -

$ $

- -

$ $

4,220,000 1,134,072

$ $

4,220,000 1,027,207

Cash Balances

$

-

$

-

$

174,596

$

67,731

Debt Remaining

Yearly Totals

200,000

6,000,000

5,000,000

150,000

4,000,000

100,000

3,000,000

50,000

2,000,000

-

2017

2018

2019

2020

1,000,000

Interest Principal Building Internal Service Fund Transfer Cash Balances

-

2017

2018

2019

2020

Principal

Interest