1122150 Disclosure Statement - City of Alexandria TIF

Disclosure Statement

Publish August 13, 2010

2009 ANNUAL

DISCLOSURE STATEMENT

CITY OF ALEXANDRIA

DEVELOPMENT DISTRICT #1

•District Number and Name: 7. Sunrise Apartments

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 1997

Required decertification: 12-31-2022

•District Number and Name: 9. Woodsmen Distribution

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 1997

Required decertification: 12-31-2022

•District Number and Name: 12. Lincoln Square Apartments

Current net tax capacity: $9,408

Original tax capacity: $137

Captured tax capacity: $9,271

Principal/Interest due in current year: $7,646

Increment received: $8,651

Increment expended: $8,508

First year increment: July 1998

Required decertification: 12-31-2023

•District Number and Name: 14. Rabka Enterprises

Current net tax capacity: $29,046

Original tax capacity: $1,843

Captured tax capacity: $27,203

Principal/Interest due in current year: $18,708

Increment received: $25,456

Increment expended: $41,248

First year increment: July 1999

Required decertification: 12-31-2024

•District Number and Name: 15. Rosewood Apartments

Current net tax capacity: $4,124

Original tax capacity: $576

Captured tax capacity: $3,548

Principal/Interest due in current year: $2,646

Increment received: $3,293

Increment expended: $3,097

First year increment: July 1999

Required decertification: 12-31-2024

•District Number and Name: 16. Torborg Builders

Current net tax capacity: $11,123

Original tax capacity: $304

Captured tax capacity: $10,819

Principal/Interest due in current year: $8,990

Increment received: $10,009

Increment expended: $9,859

First year increment: July 1999

Required decertification: 12-31-2024

•District Number and Name: 17. Alexandria Extrusion

Current net tax capacity: $66,340

Original tax capacity: $11,204

Captured tax capacity: $55,136

Principal/Interest due in current year: $36,274

Increment received: $51,716

Increment expended: $98,066

First year increment: July 2001

Required decertification: 12-31-2025

•District Number and Name: 18. LD Development – Lee’s Const.

Current net tax capacity: $13,564

Original tax capacity: $1,199

Captured tax capacity: $12,365

Principal/Interest due in current year: $10,014

Increment received: $11,442

Increment expended: $10,794

First year increment: July 2000

Required decertification: 12-31-2025

•District Number and Name: 20. Zacher Project (Cornerstone)

Current net tax capacity: $29,304

Original tax capacity: $1,140

Captured tax capacity: $28,164

Principal/Interest due in current year: $20,154

Increment received: $26,232

Increment expended: $23,293

First year increment: July 2001

Required decertification: 12-31-2026

•District Number and Name: 21. Driftwood Apartments

Current net tax capacity: $3,584

Original tax capacity: $728

Captured tax capacity: $2,856

Principal/Interest due in current year: $2,198

Increment received: $2,641

Increment expended: $2,493

First year increment: July 2002

Required decertification: 12-31-2027

•District Number and Name: 22. Martex

Current net tax capacity: $22,519

Original tax capacity: $599

Captured tax capacity: $21,920

Principal/Interest due in current year: $17,294

Increment received: $20,294

Increment expended: $19,550

First year increment: July 2003

Required decertification: 12-31-2027

•District Number and Name: 23. Alexandria Housing Partnership

Current net tax capacity: $60,505

Original tax capacity: $950

Captured tax capacity: $59,555

Principal/Interest due in current year: $47,430

Increment received: $55,089

Increment expended: $52,404

First year increment: July 2003

Required decertification: 12-31-2028

•District Number and Name: 24. Cabinets by Carter

Current net tax capacity: $12,056

Original tax capacity: $2,810

Captured tax capacity: $9,246

Principal/Interest due in current year: $8,070

Increment received: $8,506

Increment expended: $8,496

First year increment: July 2003

Required decertification: 12-31-2011

•District Number and Name: 25. The Preserve

Current net tax capacity: $7,324

Original tax capacity: $348

Captured tax capacity: $6,976

Principal/Interest due in current year: $6,765

Increment received: $11,191

Increment expended: $8,567

First year increment: July 2004

Required decertification: 12-31-2028

•District Number and Name: 26. The Trails

Current net tax capacity: $61,167

Original tax capacity: $59

Captured tax capacity: $61,108

Principal/Interest due in current year: $44,962

Increment received: $76,092

Increment expended: $64,421

First year increment: July 2005

Required decertification: 12-31-2029

•District Number and Name: 27. Bike & Fitness Company

Current net tax capacity: $7,052

Original tax capacity: $16

Captured tax capacity: $7,036

Principal/Interest due in current year: $5,616

Increment received: $6,501

Increment expended: $6,142

First year increment: July 2005

Required decertification: 12-31-2026

•District Number and Name: 29. Zacher – Broadway Project

Current net tax capacity: $20,932

Original tax capacity: $3,866

Captured tax capacity: $17,066

Principal/Interest due in current year: $12,762

Increment received: $15,789

Increment expended: $14,114

First year increment: July 2006

Required decertification: 12-31-2031

•District Number and Name: 30. Lakeland Manufacturing

Current net tax capacity: $30,160

Original tax capacity: $12,900

Captured tax capacity: $17,260

Principal/Interest due in current year: $11,622

Increment received: $15,895

Increment expended: $15,861

First year increment: July 2006

Required decertification: 12-31-2015

•District Number and Name: 31. Garden Center

Current net tax capacity: $78,464

Original tax capacity: $4,580

Captured tax capacity: $73,884

Principal/Interest due in current year: $62,222

Increment received: $68,060

Increment expended: $67,894

First year increment: July 2006

Required decertification: 12-31-2015

•District Number and Name: 32. Nokomis Square

Current net tax capacity: $21,710

Original tax capacity: $5,268

Captured tax capacity: $16,442

Principal/Interest due in current year: $11,742

Increment received: $15,185

Increment expended: $13,598

First year increment: July 2007

Required decertification: 12-31-2032

•District Number and Name: 33. Bio Company

Current net tax capacity: $16,494

Original tax capacity: $790

Captured tax capacity: $15,704

Principal/Interest due in current year: $12,158

Increment received: $13,616

Increment expended: $13,588

First year increment: July 2007

Required decertification: 12-31-2016

•District Number and Name: 34. Douglas Machine

Current net tax capacity: $15,572

Original tax capacity: $1,648

Captured tax capacity: $13,924

Principal/Interest due in current year: $11,144

Increment received: $12,522

Increment expended: $12,505

First year increment: July 2008

Required decertification: 12-31-2016

•District Number and Name: 36. Hawthorne Suites

Current net tax capacity: $16,374

Original tax capacity: $11,838

Captured tax capacity: $4,536

Principal/Interest due in current year: $7,070

Increment received: $3,932

Increment expended: $3,532

First year increment: July 2009

Required decertification: 12-31-2021

•District Number and Name: 37. Gendell Partners Alexandria LLC

Current net tax capacity: $26,615

Original tax capacity: $21,481

Captured tax capacity: $5,134

Principal/Interest due in current year: $9,128

Increment received: $4,449

Increment expended: $3,588

First year increment: July 2009

Required decertification: 12-31-2034

•District Number and Name: 38. fgd LLC

Current net tax capacity: $53,136

Original tax capacity: $3,854

Captured tax capacity: $49,282

Principal/Interest due in current year: $58,972

Increment received: $42,698

Increment expended: $42,640

First year increment: July 2009

Required decertification: 12-31-2017

•District Number and Name: 39. Silver Maple – Thrifty

Current net tax capacity: $21,484

Original tax capacity: $12,742

Captured tax capacity: $8,742

Principal/Interest due in current year: $5,930

Increment received: $7,898

Increment expended: $6,224

First year increment: July 2009

Required decertification: 12-31-2034

•District Number and Name: 40. Peaceful Bliss Assisted Living

Current net tax capacity: $718

Original tax capacity: $924

Captured tax capacity: ($206)

Principal/Interest due in current year: $13,886

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

•District Number and Name: 43. Lakewood Terrace

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

•District Number and Name: 44. Douglas Scientific

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: 12-31-2019

Additional information regarding each district may be obtained:

Jim Taddei, City Administrator

704 Broadway

Alexandria, MN 56308

320-763-6678

1122150

Tags: disclosure statement, legals, alexandria, tif