Disclosure Statement
Publish August 7, 2009
2008 ANNUAL
DISCLOSURE STATEMENT
CITY OF ALEXANDRIA
DEVELOPMENT DISTRICT #1
PAYABLE 2008
•District Number and Name: 7. Sunrise Apartments
Current net tax capacity: $5,680
Original tax capacity: $28
Captured tax capacity: $5,652
Principal/Interest due in current year: $0
Increment received: $5,185
Increment expended: $4,840
First year increment: July 1997
Required decertification: 12-31-2022
•District Number and Name: 9. Woodsmen Distribution
Current net tax capacity: $9,178
Original tax capacity: $441
Captured tax capacity: $8,737
Principal/Interest due in current year: $0
Increment received: $8,339
Increment expended: $6,694
First year increment: July 1997
Required decertification: 12-31-2022
•District Number and Name: 12. Lincoln Square Apartments
Current net tax capacity: $8,977
Original tax capacity: $137
Captured tax capacity: $8,840
Principal/Interest due in current year: $7,668
Increment received: $8,243
Increment expended: $7,172
First year increment: July 1998
Required decertification: 12-31-2023
•District Number and Name: 14. Rabka Enterprises
Current net tax capacity: $27,950
Original tax capacity: $1,843
Captured tax capacity: $26,107
Principal/Interest due in current year: $18,748
Increment received: $24,639
Increment expended: $20,003
First year increment: July 1999
Required decertification: 12-31-2024
•District Number and Name: 15. Rosewood Apartments
Current net tax capacity: $3,950
Original tax capacity: $576
Captured tax capacity: $3,374
Principal/Interest due in current year: $2,772
Increment received: $3,104
Increment expended: $2,889
First year increment: July 1999
Required decertification: 12-31-2024
•District Number and Name: 16. Torborg Builders
Current net tax capacity: $10,550
Original tax capacity: $304
Captured tax capacity: $10,246
Principal/Interest due in current year: $8,948
Increment received: $9,368
Increment expended: $8,774
First year increment: July 1999
Required decertification: 12-31-2024
•District Number and Name: 17. Alexandria Extrusion
Current net tax capacity: $67,472
Original tax capacity: $11,204
Captured tax capacity: $56,268
Principal/Interest due in current year: $38,000
Increment received: $53,411
Increment expended: $43,112
First year increment: July 2001
Required decertification: 12-31-2025
•District Number and Name: 18. LD Development – Lee’s Const.
Current net tax capacity: $13,150
Original tax capacity: $1,199
Captured tax capacity: $11,951
Principal/Interest due in current year: $10,226
Increment received: $10,920
Increment expended: $10,234
First year increment: July 2000
Required decertification: 12-31-2025
•District Number and Name: 20. Zacher Project (Cornerstone)
Current net tax capacity: $29,432
Original tax capacity: $1,140
Captured tax capacity: $28,292
Principal/Interest due in current year: $20,704
Increment received: $26,151
Increment expended: $22,952
First year increment: July 2001
Required decertification: 12-31-2026
•District Number and Name: 21. Driftwood Apartments
Current net tax capacity: $3,446
Original tax capacity: $728
Captured tax capacity: $2,718
Principal/Interest due in current year: $2,230
Increment received: $2,480
Increment expended: $2,328
First year increment: July 2002
Required decertification: 12-31-2027
•District Number and Name: 22. Martex
Current net tax capacity: $21,523
Original tax capacity: $599
Captured tax capacity: $20,924
Principal/Interest due in current year: $17,122
Increment received: $19,152
Increment expended: $17,918
First year increment: July 2003
Required decertification: 12-31-2027
•District Number and Name: 23. Alexandria Housing Partnership
Current net tax capacity: $57,734
Original tax capacity: $950
Captured tax capacity: $56,784
Principal/Interest due in current year: $46,518
Increment received: $51,878
Increment expended: $49,480
First year increment: July 2003
Required decertification: 12-31-2028
•District Number and Name: 24. Cabinets by Carter
Current net tax capacity: $11,540
Original tax capacity: $2,810
Captured tax capacity: $8,730
Principal/Interest due in current year: $8,072
Increment received: $7,889
Increment expended: $7,870
First year increment: July 2003
Required decertification: 12-31-2011
•District Number and Name: 25. The Preserve
Current net tax capacity: $22,584
Original tax capacity: $678
Captured tax capacity: $21,906
Principal/Interest due in current year: $5,493
Increment received: $14,029
Increment expended: $41,774
First year increment: July 2004
Required decertification: 12-31-2028
•District Number and Name: 26. The Trails
Current net tax capacity: $70,301
Original tax capacity: $66
Captured tax capacity: $70,235
Principal/Interest due in current year: $43,030
Increment received: $60,130
Increment expended: $53,327
First year increment: July 2005
Required decertification: 12-31-2029
•District Number and Name: 27. Bike & Fitness Company
Current net tax capacity: $7,024
Original tax capacity: $16
Captured tax capacity: $7,008
Principal/Interest due in current year: $5,820
Increment received: $6,379
Increment expended: $6,001
First year increment: July 2005
Required decertification: 12-31-2026
•District Number and Name: 29. Zacher – Broadway Project
Current net tax capacity: $20,096
Original tax capacity: $3,866
Captured tax capacity: $16,230
Principal/Interest due in current year: $12,546
Increment received: $14,794
Increment expended: $13,167
First year increment: July 2006
Required decertification: 12-31-2031
•District Number and Name: 30. Lakeland Manufacturing
Current net tax capacity: $24,768
Original tax capacity: $12,900
Captured tax capacity: $11,868
Principal/Interest due in current year: $14,274
Increment received: $10,757
Increment expended: $10,698
First year increment: July 2006
Required decertification: 12-31-2015
•District Number and Name: 31. Garden Center
Current net tax capacity: $75,256
Original tax capacity: $4,580
Captured tax capacity: $70,676
Principal/Interest due in current year: $61,104
Increment received: $64,052
Increment expended: $63,707
First year increment: July 2006
Required decertification: 12-31-2015
•District Number and Name: 32. Nokomis Square
Current net tax capacity: $20,450
Original tax capacity: $5,268
Captured tax capacity: $15,182
Principal/Interest due in current year: $12,088
Increment received: $13,787
Increment expended: $12,317
First year increment: July 2007
Required decertification: 12-31-2032
•District Number and Name: 33. Bio Company
Current net tax capacity: $15,946
Original tax capacity: $790
Captured tax capacity: $15,156
Principal/Interest due in current year: $1,228
Increment received: $13,174
Increment expended: $13,113
First year increment: July 2007
Required decertification: 12-31-2016
•District Number and Name: 34. Douglas Machine
Current net tax capacity: $12,044
Original tax capacity: $1,648
Captured tax capacity: $10,396
Principal/Interest due in current year: $11,254
Increment received: $9,364
Increment expended: $9,336
First year increment: July 2008
Required decertification: 12-31-2016
•District Number and Name: 35. Genetiporc USA (Blackwell)
Current net tax capacity: $0
Original tax capacity: $0
Captured tax capacity: $0
Principal/Interest due in current year: $0
Increment received: $0
Increment expended: $0
First year increment: July 2009
Required decertification: 12-31-2017
•District Number and Name: 36. Hawthorne Suites
Current net tax capacity: $0
Original tax capacity: $0
Captured tax capacity: $0
Principal/Interest due in current year: $4,735
Increment received: $0
Increment expended: $0
First year increment: July 2009
Required decertification: 12-31-2021
•District Number and Name: 37. Gendell Partners Alexandria LLC
Current net tax capacity: $0
Original tax capacity: $0
Captured tax capacity: $0
Principal/Interest due in current year: $3,454
Increment received: $0
Increment expended: $0
First year increment: July 2009
Required decertification: 12-31-2034
•District Number and Name: 38. fgd LLC
Current net tax capacity: $0
Original tax capacity: $0
Captured tax capacity: $0
Principal/Interest due in current year: $38,376
Increment received: $0
Increment expended: $0
First year increment: July 2009
Required decertification: 12-31-2017
•District Number and Name: 39. Silver Maple – Thrifty
Current net tax capacity: $0
Original tax capacity: $0
Captured tax capacity: $0
Principal/Interest due in current year: $7,820
Increment received: $0
Increment expended: $0
First year increment: July 2009
Required decertification: 12-31-2034
•District Number and Name: 40. Peaceful Bliss Assisted Living
Current net tax capacity: $0
Original tax capacity: $0
Captured tax capacity: $0
Principal/Interest due in current year: $0
Increment received: $0
Increment expended: $0
First year increment: July 2010
Required decertification: 12-31-2035
•District Number and Name: 41. The Legacy of Alexandria
Current net tax capacity: $0
Original tax capacity: $0
Captured tax capacity: $0
Principal/Interest due in current year: $0
Increment received: $0
Increment expended: $0
First year increment: July 2011
Required decertification: 12-31-2036
Additional information regarding each district may be obtained:
Jim Taddei, City Administrator
704 Broadway
Alexandria, MN 56308
320-763-6678
947819
Tags: legal notices, disclosure statement, alexandria, city
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