1123251 Disclosure Statement - Douglas County HRA TIF

Disclosure Statement

Publish July 30, 2010

2009 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, 2009.

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

Current net tax capacity: $10,484

Original net tax capacity: $8,504

Captured net tax capacity: $1,980

Principal and interest payments due in 2010: $0

Tax increment received in 2009: $2,039

Tax increment expended in 2009: $2,039

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

Date of required decertification: 12/31/2031

Name of TIF District: TIF 3-3 ODYSSEY STEEL

Current net tax capacity: $6,780

Original net tax capacity: $41

Captured net tax capacity: $6,739

Principal and interest payments due in 2010: $0

Tax increment received in 2009: $3,709

Tax increment expended in 2009: $3,709

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

Date of required decertification: 12/31/2016

Name of TIF District: TIF 3-4 WAGNER TRUCKING

Current net tax capacity: $8,327

Original net tax capacity: $1,274

Captured net tax capacity: $7,053

Principal and interest payments due in 2010: $0

Tax increment received in 2009: $3,784

Tax increment expended in 2009: $3,784

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

Date of required decertification: 12/31/2016

Name of TIF District: TIF 3-5 BRENTON ENGINEERING

Current net tax capacity: $135,824

Original net tax capacity: $35,172

Captured net tax capacity: $100,652

Principal and interest payments due in 2010: $0

Tax increment received in 2009: $49,433

Tax increment expended in 2009: $49,433

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

Date of required decertification: 12/31/2034

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

Current net tax capacity: $937

Original net tax capacity: $430

Captured net tax capacity: $507

Principal and interest payments due in 2010: $0

Tax increment received in 2009: $70

Tax increment expended in 2009: $70

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

Date of required decertification: 12/31/2017

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

Current net tax capacity: $38,560

Original net tax capacity: $2,816

Captured net tax capacity: $35,744

Principal and interest payments due in 2010: $0

Tax increment received in 2009: $0

Tax increment expended in 2009: $0

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

Date of required decertification: 12/31/2018

Additional information regarding each district may be obtained from:

Jeffrey Schiffman, 1224 North Nokomis Street, PO Box 965, Alexandria, MN 56308; (320) 762-2954.

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