1294043 Public Notice - City of Alexandria TIF Disclosure

Public Notice

Publish August 12, 2011

2010 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: $17

Increment expended: $1,738

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: $115

Increment expended: $11,779

First year increment: July 1997

Required decertification: 12-31-2022

•District Number and Name: 12. Lincoln Square Apartments

Current net tax capacity: $9,382

Original tax capacity: $137

Captured tax capacity: $9,245

Principal/Interest due in current year: $0

Increment received: $8,689

Increment expended: $9,154

First year increment: July 1998

Required decertification: 12-31-2023

•District Number and Name: 14. Rabka Enterprises

Current net tax capacity: $28,708

Original tax capacity: $1,843

Captured tax capacity: $26,865

Principal/Interest due in current year: $19,342

Increment received: $25,104

Increment expended: $31,661

First year increment: July 1999

Required decertification: 12-31-2024

•District Number and Name: 15. Rosewood Apartments

Current net tax capacity: $3,929

Original tax capacity: $576

Captured tax capacity: $3,353

Principal/Interest due in current year: $2,714

Increment received: $3,145

Increment expended: $2,957

First year increment: July 1999

Required decertification: 12-31-2024

•District Number and Name: 16. Torborg Builders

Current net tax capacity: $11,063

Original tax capacity: $304

Captured tax capacity: $10,759

Principal/Interest due in current year: $8,986

Increment received: $10,054

Increment expended: $9,489

First year increment: July 1999

Required decertification: 12-31-2024

•District Number and Name: 17. Alexandria Extrusion

Current net tax capacity: $63,296

Original tax capacity: $11,204

Captured tax capacity: $52,092

Principal/Interest due in current year: $36,690

Increment received: $48,809

Increment expended: $41,111

First year increment: July 2001

Required decertification: 12-31-2025

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

Current net tax capacity: $13,182

Original tax capacity: $1,199

Captured tax capacity: $11,983

Principal/Interest due in current year: $10,110

Increment received: $11,206

Increment expended: $10,570

First year increment: July 2000

Required decertification: 12-31-2025

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

Current net tax capacity: $28,274

Original tax capacity: $1,140

Captured tax capacity: $27,134

Principal/Interest due in current year: $20,626

Increment received: $25,549

Increment expended: $22,673

First year increment: July 2001

Required decertification: 12-31-2026

•District Number and Name: 21. Driftwood Apartments

Current net tax capacity: $3,514

Original tax capacity: $728

Captured tax capacity: $2,786

Principal/Interest due in current year: $2,248

Increment received: $2,602

Increment expended: $2,457

First year increment: July 2002

Required decertification: 12-31-2027

•District Number and Name: 22. Martex

Current net tax capacity: $22,513

Original tax capacity: $599

Captured tax capacity: $21,914

Principal/Interest due in current year: $17,392

Increment received: $20,495

Increment expended: $19,329

First year increment: July 2003

Required decertification: 12-31-2027

•District Number and Name: 23. Alexandria Housing Partnership

Current net tax capacity: $61,050

Original tax capacity: $950

Captured tax capacity: $60,100

Principal/Interest due in current year: $48,638

Increment received: $56,169

Increment expended: $53,010

First year increment: July 2003

Required decertification: 12-31-2028

•District Number and Name: 24. Cabinets by Carter

Current net tax capacity: $11,960

Original tax capacity: $2,810

Captured tax capacity: $9,150

Principal/Interest due in current year: $7,434

Increment received: $8,505

Increment expended: $8,495

First year increment: July 2003

Required decertification: 12-31-2011

•District Number and Name: 25. The Preserve

Current net tax capacity: $7,531

Original tax capacity: $310

Captured tax capacity: $7,221

Principal/Interest due in current year: $7,883

Increment received: $6,707

Increment expended: $8,879

First year increment: July 2004

Required decertification: 12-31-2028

•District Number and Name: 26. The Trails

Current net tax capacity: $63,591

Original tax capacity: $64

Captured tax capacity: $63,527

Principal/Interest due in current year: $37,134

Increment received: $71,473

Increment expended: $62,847

First year increment: July 2005

Required decertification: 12-31-2029

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

Current net tax capacity: $6,736

Original tax capacity: $16

Captured tax capacity: $6,720

Principal/Interest due in current year: $5,596

Increment received: $6,275

Increment expended: $5,928

First year increment: July 2005

Required decertification: 12-31-2026

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

Current net tax capacity: $21,048

Original tax capacity: $3,866

Captured tax capacity: $17,182

Principal/Interest due in current year: $12,798

Increment received: $16,074

Increment expended: $14,357

First year increment: July 2006

Required decertification: 12-31-2031

•District Number and Name: 30. Lakeland Manufacturing

Current net tax capacity: $26,808

Original tax capacity: $12,900

Captured tax capacity: $13,908

Principal/Interest due in current year: $11,212

Increment received: $12,941

Increment expended: $12,913

First year increment: July 2006

Required decertification: 12-31-2015

•District Number and Name: 31. Garden Center

Current net tax capacity: $79,240

Original tax capacity: $4,580

Captured tax capacity: $74,660

Principal/Interest due in current year: $58,694

Increment received: $69,287

Increment expended: $69,136

First year increment: July 2006

Required decertification: 12-31-2015

•District Number and Name: 32. Nokomis Square

Current net tax capacity: $21,118

Original tax capacity: $5,268

Captured tax capacity: $15,850

Principal/Interest due in current year: $11,082

Increment received: $14,770

Increment expended: $13,210

First year increment: July 2007

Required decertification: 12-31-2032

•District Number and Name: 33. Bio Company

Current net tax capacity: $16,404

Original tax capacity: $790

Captured tax capacity: $15,614

Principal/Interest due in current year: $13,774

Increment received: $13,536

Increment expended: $13,509

First year increment: July 2007

Required decertification: 12-31-2016

•District Number and Name: 34. Douglas Machine

Current net tax capacity: $15,436

Original tax capacity: $1,648

Captured tax capacity: $13,788

Principal/Interest due in current year: $10,516

Increment received: $12,398

Increment expended: $12,382

First year increment: July 2008

Required decertification: 12-31-2016

•District Number and Name: 36. Hawthorne Suites

Current net tax capacity: $22,052

Original tax capacity: $11,838

Captured tax capacity: $10,214

Principal/Interest due in current year: $7,156

Increment received: $8,859

Increment expended: $7,954

First year increment: July 2009

Required decertification: 12-31-2021

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

Current net tax capacity: $24,982

Original tax capacity: $21,481

Captured tax capacity: $13,501

Principal/Interest due in current year: $8,578

Increment received: $11,655

Increment expended: $9,085

First year increment: July 2009

Required decertification: 12-31-2034

•District Number and Name: 38. fgd LLC

Current net tax capacity: $79,584

Original tax capacity: $3,854

Captured tax capacity: $75,730

Principal/Interest due in current year: $52,546

Increment received: $65,603

Increment expended: $65,524

First year increment: July 2009

Required decertification: 12-31-2017

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

Current net tax capacity: $22,882

Original tax capacity: $13,548

Captured tax capacity: $9,334

Principal/Interest due in current year: $5,590

Increment received: $540

Increment expended: $311

First year increment: July 2009

Required decertification: 12-31-2034

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

Current net tax capacity: $17,509

Original tax capacity: $718

Captured tax capacity: $16,791

Principal/Interest due in current year: $13,474

Increment received: $15,448

Increment expended: $15,430

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: $56,868

Increment received: $0

Increment expended: $0

First year increment: July 2011

Required decertification: 12-31-2036

•District Number and Name: 42. Knute Nelson Senior 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 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: $23,850

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

1294043

Tags: legals, tif, disclosure, alexandria