HomeMy WebLinkAbout1989-11-27 WC Auditor-Treasurer Ltr to OPH rjTON Q� ��
,N WA HINGTON COU Y
GOVERNMENT CENTER ""� �T 'CA
l`N�SIpY.pPGGPE5S:�0 OFFICE OF AUD =TOR— TREASURER M4LA,. 77P
14900 61st Street North Stillwater, Minnesota 55082
612/779 -5408
November 27, 1989 0%
LaVonne Wilson, Administrator
City of Oak Park Heights
14168 57th St. N.
Stillwater, MN 55082
Dear LaVonne:
The annual economic adjustment factor for the St. Croix Mall Tax Increment
Financing District was originally certified as 1.233046_ This figure was based
on 1983 values determined by the Assessor's Office. The Assessor's Office has
amended the 1983 values used in this calculation, and the new economic
adjustment factor is now being certified as 1.057858. This figure is calcu-
lated as follows:
Pay 89 Pay 89 Pay 84 Pay 84
Parcel No_ EMV Tax g EMV TaxSa�
61402 -2150 1,140,100 59,855 626,903 32,912
61402 -2200 1,654,700 84,922 973,278 49,147
61402 -2250 438,600 23,027 866,322 45,482
61402 -2300 26,600 1,397 102,332 5,372
61402 -2350 150.300 7,891 84.624 4.443
3,410,300 177,092 2,653,459 137,356
A. Establishment Date 11- Sep-89
B. Base Year Assessment Date 02 -Jan-88
C. Base Year Tax Capacity 177,092
D_ Fifth Preceding Year Assessment Date 02 -Jan-83
E. Fifth Preceding Year Tax Capacity 137,356
F. Five Year Total Tax Capacity Increase (C - E) 39,736
G. Five Year Total Increase Ratio (F / E) 0.289292
H. Five Year Average Increase Ratio (G / 5) 0.057858
I. Annual Base Year Adjustment Factor ( 1.00 + H) 1.057858
If you have any questions regarding this matter, please contact me at 779 -5415.
Sincerely,
varYJ
J� Winne Helm
Tax Acct. Tech.
cc: R. H. Stafford
Scott Renne
Bob Voto
Dan Wilson
Brad Henning
Washington County does not discriminate on the basis of race, color, national
origin, sex, religion, age and handicapped status in employment or the provision
of services.