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1293060 Public Notice - Douglas County TIF Disclosure

Public Notice

Publish August 3, 2011

2010 ANNUAL

DISCLOSURE STATEMENT

Name of TIF Authority: Douglas County HRA

Name of Municipality: Douglas County

The following information represents the annual disclosure of tax increment districts for the year ended December 31, 2010.

Name of TIF District: TIF 3-2 THESING & GUNTHER

Current tax capacity: $11,480

Original tax capacity: $8,504

Captured net tax capacity: $2,976

Principal and interest payments due in 2011: $0

Tax increment received in 2010: $2,068

Tax increment expended in 2010: $2,068

Month and year of first tax increment receipt: 6/2006

Date required decertification: 12/31/13

Total increased property taxes to be paid from outside the district if fiscal disparities Option A applies: $0

Name of TIF District: TIF 3-3 ODYSSEY STEEL

Current tax capacity: $6,832

Original tax capacity: $52

Captured net tax capacity: $6,780

Principal and interest payments due in 2011: $0

Tax increment received in 2010: $3,446

Tax increment expended in 2010: $3,446

Month and year of first tax increment receipt: 6/2008

Date required decertification: 12/31/16

Total increased property taxes to be paid from outside the district if fiscal disparities Option A applies: $0

Name of TIF District: TIF 3-4 WAGNER TRUCKING

Current tax capacity: $8,452

Original tax capacity: $498

Captured net tax capacity: $7,954

Principal and interest payments due in 2011: $0

Tax increment received in 2010: $4,043

Tax increment expended in 2010: $4,043

Month and year of first tax increment receipt: 6/2008

Date required decertification: 12/31/13

Total increased property taxes to be paid from outside the district if fiscal disparities Option A applies: $0

Name of TIF District: TIF 3-5 BRENTON ENGINEERING

Current tax capacity: $116,936

Original tax capacity: $35,172

Captured net tax capacity: $81,764

Principal and interest payments due in 2011: $0

Tax increment received in 2010: $49,347

Tax increment expended in 2010: $49,347

Month and year of first tax increment receipt: 6/2009

Date required decertification: 12/31/34

Total increased property taxes to be paid from outside the district if fiscal disparities Option A applies: $0

Name of TIF District: TIF 3-6 S AND P LAND MANAGEMENT

Current tax capacity: $937

Original tax capacity: $495

Captured net tax capacity: $442

Principal and interest payments due in 2011: $0

Tax increment received in 2010: $278

Tax increment expended in 2010: $278

Month and year of first tax increment receipt: 12/2009

Date required decertification: 12/31/17

Total increased property taxes to be paid from outside the district if fiscal disparities Option A applies: $0

Name of TIF District: TIF 3-7 PFENINGER WAREHOUSING, LLC

Current tax capacity: $37,116

Original tax capacity: $53

Captured net tax capacity: $37,063

Principal and interest payments due in 2011: $0

Tax increment received in 2010: $27,392

Tax increment expended in 2010: $27,392

Month and year of first tax increment receipt: 7/2010

Date required decertification: 12/31/18

Total increased property taxes to be paid from outside the district if fiscal disparities Option A applies: $0

Additional information regarding these districts may be obtained from:

Douglas County HRA, 1224 North Nokomis Street, PO Box 965, Alexandria, MN 56308; (320) 762-2954.

1293060

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