1524480 Public Notice - City of Alexandria TIF Disclosure Notice

Public Notice

Publish August 3, 2012

2011 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: $17

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: $115

First year increment: July 1997

Required decertification: 12-31-2022

--District Number and Name: 12. Lincoln Square Apartments

Current net tax capacity: $11,723

Original tax capacity: $137

Captured tax capacity: $11,586

Principal/Interest due in current year: $0

Increment received: $11,622

Increment expended: $8,444

First year increment: July 1998

Required decertification: 12-31-2023

--District Number and Name: 14. Rabka Enterprises

Current net tax capacity: $27,776

Original tax capacity: $1,843

Captured tax capacity: $25,933

Principal/Interest due in current year: $21,614

Increment received: $25,881

Increment expended: $25,921

First year increment: July 1999

Required decertification: 12-31-2024

--District Number and Name: 15. Rosewood Apartments

Current net tax capacity: $3,786

Original tax capacity: $576

Captured tax capacity: $3,210

Principal/Interest due in current year: $3,116

Increment received: $3,223

Increment expended: $3,032

First year increment: July 1999

Required decertification: 12-31-2024

--District Number and Name: 16. Torborg Builders

Current net tax capacity: $10,343

Original tax capacity: $304

Captured tax capacity: $10,039

Principal/Interest due in current year: $10,286

Increment received: $10,034

Increment expended: $12,484

First year increment: July 1999

Required decertification: 12-31-2024

--District Number and Name: 17. Alexandria Extrusion

Current net tax capacity: $60,406

Original tax capacity: $11,204

Captured tax capacity: $49,202

Principal/Interest due in current year: $41,284

Increment received: $49,191

Increment expended: $51,591

First year increment: July 2001

Required decertification: 12-31-2025

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

Current net tax capacity: $12,494

Original tax capacity: $1,199

Captured tax capacity: $11,295

Principal/Interest due in current year: $11,326

Increment received: $11,312

Increment expended: $10,672

First year increment: July 2000

Required decertification: 12-31-2025

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

Current net tax capacity: $27,066

Original tax capacity: $1,140

Captured tax capacity: $25,926

Principal/Interest due in current year: $23,358

Increment received: $26,151

Increment expended: $23,201

First year increment: July 2001

Required decertification: 12-31-2026

--District Number and Name: 21. Driftwood Apartments

Current net tax capacity: $3,388

Original tax capacity: $728

Captured tax capacity: $2,660

Principal/Interest due in current year: $2,466

Increment received: $2,662

Increment expended: $2,513

First year increment: July 2002

Required decertification: 12-31-2027

--District Number and Name: 22. Martex

Current net tax capacity: $21,173

Original tax capacity: $599

Captured tax capacity: $20,574

Principal/Interest due in current year: $21,509

Increment received: $20,608

Increment expended: $19,438

First year increment: July 2003

Required decertification: 12-31-2027

--District Number and Name: 23. Alexandria Housing Partnership

Current net tax capacity: $58,489

Original tax capacity: $950

Captured tax capacity: $57,539

Principal/Interest due in current year: $49,714

Increment received: $57,778

Increment expended: $54,360

First year increment: July 2003

Required decertification: 12-31-2028

--District Number and Name: 24. Cabinets by Carter

Current net tax capacity: $10,678

Original tax capacity: $2,810

Captured tax capacity: $7,868

Principal/Interest due in current year: $0

Increment received: $7,828

Increment expended: $7,825

First year increment: July 2003

Required decertification: 12-31-2011

--District Number and Name: 25. The Preserve

Current net tax capacity: $7,295

Original tax capacity: $310

Captured tax capacity: $6,985

Principal/Interest due in current year: $0

Increment received: $12,064

Increment expended: $8,038

First year increment: July 2004

Required decertification: 12-31-2028

--District Number and Name: 26. The Trails

Current net tax capacity: $73,369

Original tax capacity: $881

Captured tax capacity: $72,488

Principal/Interest due in current year: $0

Increment received: $76,836

Increment expended: $49,387

First year increment: July 2005

Required decertification: 12-31-2029

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

Current net tax capacity: $6,416

Original tax capacity: $16

Captured tax capacity: $6,400

Principal/Interest due in current year: $5,312

Increment received: $6,254

Increment expended: $5,907

First year increment: July 2005

Required decertification: 12-31-2026

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

Current net tax capacity: $20,122

Original tax capacity: $3,866

Captured tax capacity: $16,256

Principal/Interest due in current year: $12,138

Increment received: $16,129

Increment expended: $14,396

First year increment: July 2006

Required decertification: 12-31-2031

--District Number and Name: 30. Lakeland Manufacturing

Current net tax capacity: $25,560

Original tax capacity: $12,900

Captured tax capacity: $12,660

Principal/Interest due in current year: $10,388

Increment received: $12,476

Increment expended: $12,458

First year increment: July 2006

Required decertification: 12-31-2015

--District Number and Name: 31. Garden Center

Current net tax capacity: $75,006

Original tax capacity: $4,580

Captured tax capacity: $70,426

Principal/Interest due in current year: $55,486

Increment received: $65,314

Increment expended: $65,216

First year increment: July 2006

Required decertification: 12-31-2015

--District Number and Name: 32. Nokomis Square

Current net tax capacity: $20,228

Original tax capacity: $5,268

Captured tax capacity: $14,960

Principal/Interest due in current year: $9,682

Increment received: $13,955

Increment expended: $12,467

First year increment: July 2007

Required decertification: 12-31-2032

--District Number and Name: 33. Bio Company

Current net tax capacity: $18,478

Original tax capacity: $790

Captured tax capacity: $17,688

Principal/Interest due in current year: $13,214

Increment received: $15,321

Increment expended: $15,304

First year increment: July 2007

Required decertification: 12-31-2016

--District Number and Name: 34. Douglas Machine

Current net tax capacity: $14,658

Original tax capacity: $1,648

Captured tax capacity: $13,010

Principal/Interest due in current year: $8,598

Increment received: $11,690

Increment expended: $11,684

First year increment: July 2008

Required decertification: 12-31-2016

--District Number and Name: 36. Hawthorne Suites

Current net tax capacity: $22,176

Original tax capacity: $11,838

Captured tax capacity: $10,338

Principal/Interest due in current year: $6,850

Increment received: $8,970

Increment expended: $8,506

First year increment: July 2009

Required decertification: 12-31-2021

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

Current net tax capacity: $33,572

Original tax capacity: $21,481

Captured tax capacity: $12,091

Principal/Interest due in current year: $9,482

Increment received: $10,599

Increment expended: $1,047

First year increment: July 2009

Required decertification: 12-31-2034

--District Number and Name: 38. fgd LLC

Current net tax capacity: $71,332

Original tax capacity: $3,854

Captured tax capacity: $67,478

Principal/Interest due in current year: $51,176

Increment received: $58,413

Increment expended: $58,385

First year increment: July 2009

Required decertification: 12-31-2017

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

Current net tax capacity: $22,346

Original tax capacity: $13,548

Captured tax capacity: $8,798

Principal/Interest due in current year: $5,112

Increment received: $15,894

Increment expended: $13,836

First year increment: July 2009

Required decertification: 12-31-2034

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

Current net tax capacity: $17,010

Original tax capacity: $718

Captured tax capacity: $16,292

Principal/Interest due in current year: $12,948

Increment received: $14,978

Increment expended: $14,971

First year increment: July 2010

Required decertification: 12-31-2035

--District Number and Name: 41. The Legacy of Alexandria

Current net tax capacity: $70,381

Original tax capacity: $2,069

Captured tax capacity: $68,762

Principal/Interest due in current year: $95,096

Increment received: $63,216

Increment expended: $63,187

First year increment: July 2011

Required decertification: 12-31-2036

--District Number and Name: 42. Knute Nelson Senior Living

Current net tax capacity: $3,411

Original tax capacity: $3,411

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: $1,679

Original tax capacity: $1,778

Captured tax capacity: $0

Principal/Interest due in current year: $22,024

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: $39,452

Original tax capacity: $10,614

Captured tax capacity: $28,838

Principal/Interest due in current year: $22,564

Increment received: $26,512

Increment expended: $26,500

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

1524480

Tags: legals