REGIONAL PLANNING Santas Warehouse A Tax Increment Financing
![REGIONAL PLANNING Santa’s Warehouse A Tax Increment Financing Example December 28, 2016 REGIONAL PLANNING Santa’s Warehouse A Tax Increment Financing Example December 28, 2016](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-1.jpg)
![REGIONAL PLANNING Every project starts with an idea Santa needs a distribution warehouse in REGIONAL PLANNING Every project starts with an idea Santa needs a distribution warehouse in](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-2.jpg)
![REGIONAL PLANNING TIF Application Submit application to Regional Planning/CRA Public document Details the general REGIONAL PLANNING TIF Application Submit application to Regional Planning/CRA Public document Details the general](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-3.jpg)
![REGIONAL PLANNING Redevelopment Plan § Includes all Statutory Requirements § Cost Benefit Analysis § REGIONAL PLANNING Redevelopment Plan § Includes all Statutory Requirements § Cost Benefit Analysis §](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-4.jpg)
![REGIONAL PLANNING Meeting Timeline REGIONAL PLANNING Meeting Timeline](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-5.jpg)
![REGIONAL PLANNING Meeting Timeline REGIONAL PLANNING Meeting Timeline](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-6.jpg)
![REGIONAL PLANNING Meeting Timeline REGIONAL PLANNING Meeting Timeline](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-7.jpg)
![REGIONAL PLANNING Meeting Timeline REGIONAL PLANNING Meeting Timeline](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-8.jpg)
![REGIONAL PLANNING Meeting Timeline REGIONAL PLANNING Meeting Timeline](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-9.jpg)
![REGIONAL PLANNING After all the public meetings: REGIONAL PLANNING After all the public meetings:](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-10.jpg)
![REGIONAL PLANNING Issuance of TIF Funds • Limited use • Purchase TIF bonds • REGIONAL PLANNING Issuance of TIF Funds • Limited use • Purchase TIF bonds •](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-11.jpg)
![REGIONAL PLANNING TIF Bond REGIONAL PLANNING TIF Bond](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-12.jpg)
![REGIONAL PLANNING Notice of Intent to Divide REGIONAL PLANNING Notice of Intent to Divide](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-13.jpg)
![REGIONAL PLANNING Funding the TIF Bond REGIONAL PLANNING Funding the TIF Bond](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-14.jpg)
![REGIONAL PLANNING Send Proof of Funding to CRA REGIONAL PLANNING Send Proof of Funding to CRA](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-15.jpg)
![REGIONAL PLANNING Release of Bond to Developer REGIONAL PLANNING Release of Bond to Developer](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-16.jpg)
![REGIONAL PLANNING Assignment of Bond REGIONAL PLANNING Assignment of Bond](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-17.jpg)
![REGIONAL PLANNING Tax payouts - Year 1 REGIONAL PLANNING Tax payouts - Year 1](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-18.jpg)
![REGIONAL PLANNING Throughout the process REGIONAL PLANNING Throughout the process](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-19.jpg)
![REGIONAL PLANNING County Treasurer Splits Taxes REGIONAL PLANNING County Treasurer Splits Taxes](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-20.jpg)
![REGIONAL PLANNING Tax payouts – Year 2 REGIONAL PLANNING Tax payouts – Year 2](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-21.jpg)
![REGIONAL PLANNING When bond is paid or expires REGIONAL PLANNING When bond is paid or expires](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-22.jpg)
![REGIONAL PLANNING Tax payouts – Project Completion REGIONAL PLANNING Tax payouts – Project Completion](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-23.jpg)
![REGIONAL PLANNING Full taxes go to taxing entities REGIONAL PLANNING Full taxes go to taxing entities](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-24.jpg)
![REGIONAL PLANNING During the TIF process Elected officials are invited to multiple meetings General REGIONAL PLANNING During the TIF process Elected officials are invited to multiple meetings General](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-25.jpg)
- Slides: 25
![REGIONAL PLANNING Santas Warehouse A Tax Increment Financing Example December 28 2016 REGIONAL PLANNING Santa’s Warehouse A Tax Increment Financing Example December 28, 2016](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-1.jpg)
REGIONAL PLANNING Santa’s Warehouse A Tax Increment Financing Example December 28, 2016
![REGIONAL PLANNING Every project starts with an idea Santa needs a distribution warehouse in REGIONAL PLANNING Every project starts with an idea Santa needs a distribution warehouse in](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-2.jpg)
REGIONAL PLANNING Every project starts with an idea Santa needs a distribution warehouse in the Central U. S. Santa’s Warehouse
![REGIONAL PLANNING TIF Application Submit application to Regional PlanningCRA Public document Details the general REGIONAL PLANNING TIF Application Submit application to Regional Planning/CRA Public document Details the general](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-3.jpg)
REGIONAL PLANNING TIF Application Submit application to Regional Planning/CRA Public document Details the general project, costs and funding sources Santa’s submits his application Jan. 11, 2017
![REGIONAL PLANNING Redevelopment Plan Includes all Statutory Requirements Cost Benefit Analysis REGIONAL PLANNING Redevelopment Plan § Includes all Statutory Requirements § Cost Benefit Analysis §](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-4.jpg)
REGIONAL PLANNING Redevelopment Plan § Includes all Statutory Requirements § Cost Benefit Analysis § Kick starts a series of public meetings
![REGIONAL PLANNING Meeting Timeline REGIONAL PLANNING Meeting Timeline](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-5.jpg)
REGIONAL PLANNING Meeting Timeline
![REGIONAL PLANNING Meeting Timeline REGIONAL PLANNING Meeting Timeline](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-6.jpg)
REGIONAL PLANNING Meeting Timeline
![REGIONAL PLANNING Meeting Timeline REGIONAL PLANNING Meeting Timeline](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-7.jpg)
REGIONAL PLANNING Meeting Timeline
![REGIONAL PLANNING Meeting Timeline REGIONAL PLANNING Meeting Timeline](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-8.jpg)
REGIONAL PLANNING Meeting Timeline
![REGIONAL PLANNING Meeting Timeline REGIONAL PLANNING Meeting Timeline](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-9.jpg)
REGIONAL PLANNING Meeting Timeline
![REGIONAL PLANNING After all the public meetings REGIONAL PLANNING After all the public meetings:](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-10.jpg)
REGIONAL PLANNING After all the public meetings:
![REGIONAL PLANNING Issuance of TIF Funds Limited use Purchase TIF bonds REGIONAL PLANNING Issuance of TIF Funds • Limited use • Purchase TIF bonds •](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-11.jpg)
REGIONAL PLANNING Issuance of TIF Funds • Limited use • Purchase TIF bonds • No real money changes hands • May be taxable income
![REGIONAL PLANNING TIF Bond REGIONAL PLANNING TIF Bond](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-12.jpg)
REGIONAL PLANNING TIF Bond
![REGIONAL PLANNING Notice of Intent to Divide REGIONAL PLANNING Notice of Intent to Divide](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-13.jpg)
REGIONAL PLANNING Notice of Intent to Divide
![REGIONAL PLANNING Funding the TIF Bond REGIONAL PLANNING Funding the TIF Bond](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-14.jpg)
REGIONAL PLANNING Funding the TIF Bond
![REGIONAL PLANNING Send Proof of Funding to CRA REGIONAL PLANNING Send Proof of Funding to CRA](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-15.jpg)
REGIONAL PLANNING Send Proof of Funding to CRA
![REGIONAL PLANNING Release of Bond to Developer REGIONAL PLANNING Release of Bond to Developer](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-16.jpg)
REGIONAL PLANNING Release of Bond to Developer
![REGIONAL PLANNING Assignment of Bond REGIONAL PLANNING Assignment of Bond](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-17.jpg)
REGIONAL PLANNING Assignment of Bond
![REGIONAL PLANNING Tax payouts Year 1 REGIONAL PLANNING Tax payouts - Year 1](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-18.jpg)
REGIONAL PLANNING Tax payouts - Year 1
![REGIONAL PLANNING Throughout the process REGIONAL PLANNING Throughout the process](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-19.jpg)
REGIONAL PLANNING Throughout the process
![REGIONAL PLANNING County Treasurer Splits Taxes REGIONAL PLANNING County Treasurer Splits Taxes](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-20.jpg)
REGIONAL PLANNING County Treasurer Splits Taxes
![REGIONAL PLANNING Tax payouts Year 2 REGIONAL PLANNING Tax payouts – Year 2](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-21.jpg)
REGIONAL PLANNING Tax payouts – Year 2
![REGIONAL PLANNING When bond is paid or expires REGIONAL PLANNING When bond is paid or expires](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-22.jpg)
REGIONAL PLANNING When bond is paid or expires
![REGIONAL PLANNING Tax payouts Project Completion REGIONAL PLANNING Tax payouts – Project Completion](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-23.jpg)
REGIONAL PLANNING Tax payouts – Project Completion
![REGIONAL PLANNING Full taxes go to taxing entities REGIONAL PLANNING Full taxes go to taxing entities](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-24.jpg)
REGIONAL PLANNING Full taxes go to taxing entities
![REGIONAL PLANNING During the TIF process Elected officials are invited to multiple meetings General REGIONAL PLANNING During the TIF process Elected officials are invited to multiple meetings General](https://slidetodoc.com/presentation_image_h2/1c8b1ab8033149218b3b51fbd36e8351/image-25.jpg)
REGIONAL PLANNING During the TIF process Elected officials are invited to multiple meetings General public may comment at meetings. Meeting schedule takes two to six months No tax revenue is lessened Public is ensured new infrastructure & improvements Public is ensured increased future tax base
Tax increment financing basics
Warehouse finance
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