2021 City of Shakopee Budget

144

2021 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 (Canterbury Commons) .

Key Measures:

Actual

Actual

Projected

Projected

2018

2019

2020

2021

Principal Remaining Interest Remaining

$ $

- -

$ $

- -

$ $

- -

$ $

4,220,000

891,800

Cash Balances

$

-

$

174,596

$

67,731

$

289,531

Debt Remaining

Yearly Totals

100,000 150,000 200,000 250,000 300,000 350,000 400,000

6,000,000

5,000,000

4,000,000

3,000,000

2,000,000

- 50,000

1,000,000

2018

2019

2020

2021

-

2018

2019

2020

2021

Principal

Interest

Principal

Interest

Fund Transfer

Cash Balances