1520691 Public Notice - Douglas County HRA TIF Disclosure

Public Notice

Publish August 1, 2012

2011 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, 2011.

Name of TIF District: TIF 3-2 THESING

Current tax capacity: $10,484

Original tax capacity: $8,504

Captured net tax capacity: $1,980

Principal and interest payments due in 2011: $0

Tax increment received in 2011: $1,453

Tax increment expended in 2011: $1,453

Month and year of first tax increment receipt: 6/1/2006

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: $6,516

Original tax capacity: $52

Captured net tax capacity: $6,464

Principal and interest payments due in 2011: $0

Tax increment received in 2011: $3,651

Tax increment expended in 2011: $3,651

Month and year of first tax increment receipt: 6/1/2008

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: $8,190

Original tax capacity: $498

Captured net tax capacity: $7,692

Principal and interest payments due in 2011: $0

Tax increment received in 2011: $4,344

Tax increment expended in 2011: $4,343

Month and year of first tax increment receipt: 6/1/2008

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 3-5 BRENTON ENGINEERING

Current tax capacity: $116,178

Original tax capacity: $35,172

Captured net tax capacity: $81,006

Principal and interest payments due in 2011: $0

Tax increment received in 2011: $54,322

Tax increment expended in 2011: $54,322

Month and year of first tax increment receipt: 6/1/2009

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: $9,398

Original tax capacity: $743

Captured net tax capacity: $8,655

Principal and interest payments due in 2011: $0

Tax increment received in 2011: $5,512

Tax increment expended in 2011: $5,512

Month and year of first tax increment receipt: 12/1/2009

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: $35,872

Original tax capacity: $53

Captured net tax capacity: $35,819

Principal and interest payments due in 2011: $0

Tax increment received in 2011: $27,125

Tax increment expended in 2011: $27,125

Month and year of first tax increment receipt: 7/1/2010

Date required decertification: 12/31/18

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

Name of TIF District: TIF 3-8 PRO-AG

Current tax capacity: $24,436

Original tax capacity: $588

Captured net tax capacity: $23,848

Principal and interest payments due in 2011: $0

Tax increment received in 2011: $0

Tax increment expended in 2011: $0

Month and year of first tax increment receipt: 7/1/2013

Date required decertification: 12/31/21

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.

1520691

Tags: legals