Annual Disclosure of TIF Districts for Year Ended 12/31/2016 CITY OF FRIDLEY,MINNESOTA
ANNUAL DISCLOSURE OF TAX INCREMENT DISTRICTS FOR THE YEAR ENDED DECEMBER 31,2016
Housing Replacement TIF District#11
TIF District Phase I TIF District#6 [University/ TIF District#12
TIF District Name: [Phase Il (Lake Pointe] Osborne] [McGlynn Bakeries]
Current net tax capacity 33,755 835,840 76,278 69,446
Original net tax capacity 5,572 326,940 26,478 41,254
Captured net tax capacity 28,183 508,900 49,800 2Q,192
Principal and interest payments due during current year 0 567,418 0 0
Tax increment received 31,425 591,898 52,781 30,974
Tax increment expended 6,777 563,012 6,265 4,122
Month and year of first tax increment receipt Jul-98 Jul-87 Jul-93 Jul-94
Date of required decertification 12/31/2023 12,31/2025 12/3112018 12/31/2019
Increased property tax imposed on other properties as a
result of fiscal disparities contribution" 0*` 92,453- 8,957*' 6,949**
TIF District#16
TIF District#13 [57thAve TIF District#17 TIF District#18
TIF District Name: (Satellite Lane Apts] Replacement] [Gateway East 1 [Gateway West]
Current net tax capacity 34,528 0 34,049 27,645
Original net tax capacity 1,403 0 3,365 5,042
Captured net tax capacity 33,125 0 30,684 22,603
Principal and interest payments due during current year 0 0 30,000 40,000
Tax r crement received 40,127 0 30,524 21,260
Tax increment expended 5,089 0 1,247 423
Month and year of first tax increment receipt Jul-98 Jul-98 Jul-03 Jul-08
Date of required decertification 12/31/2023 12/31/2023 12/31/2028 12/31/2033
Increased property tax imposed on other properties as a
result of fiscal disparities contribution* 0" 0- 0- 0
TIF 20 RER
TIF District#19 Project/HSS TIF District TIF District#22
[5110 Main Street Subdistrict #21 [Gateway [NorthstarTransit
TIF District Name: Proi/Ind Equities] 20A IBAE] North East] Station]
Current net tax capacity 171,812 602,696 30,952 1,028,374
Original net tax capacity 45,628 0 32,040 1,221,288
Captured net tax capacity 126,184 602,696 0 0
Principal and interest payments due during current year 96,532 337,132 0 0
Tax increment received 109,128 736,953 1,536 -35
Tax increment expended 109,513 1,666,603 628,131 10,498
Month and year of first tax increment receipt Jun-09 Jul-15 Jul-17 Jul-17
Date of required decertification 12/31/2034 12/31/2040 12/31/2042 12/31/2042
Increased property tax imposed on other properties as a
result of fiscal disparities contribution* 23,036" 109,333'- 0- 0"
*The fiscal disparities property tax law provides that the growth in commercial-industrial property tax values is shared throughout the area. In a tax
increment financing district,this value sharing can either result in a tax increase for other properties in the municipality or result in a decrease in tax in-
crement financing district revenue depending on how the tax increment financing district is established.
" .F--a districts noted by**above do not share growth in commercial-industrial property tax values. This results in an increase in property taxes for
other properties located in that municipality. For taxes payable in 2015,this increase in taxes on other properties amounted to the values listed above.
Additional information regarding each district may be obtained from:
Shelly Peterson,Finance Director/Treasurer
6431 University Avenue N.E.
Fridley,MN 55432
(763)572-3520
Shelly.Peterson@fridleymn.gov
Published in the
Columbia Hgt-Fridley Sun Focus
August 11,2017
719358
AFFIDAVIT OF PUBLICATION
STATE OF MINNESOTA )ss
COUNTY OF ANOKA
Charlene Vold being duly sworn on an oath,
states or affirms that he/she is the Publisher's
Designated Agent of the newspaper(s)known
as:
SF Columbia Heights/Fridley
with the known office of issue being located
in the county of:
ANOKA
with additional circulation in the counties of:
ANOKA
and has full knowledge of the facts stated
below:
(A)The newspaper has complied with all of
the requirements constituting qualifica-
tion as a qualified newspaper as provided
by Minn. Stat.§331A.02.
(B)This Public Notice was printed and pub-
lished in said newspaper(s) once each
week, for 1 successive week(s); the first
insertion being on 08/11/2017 and the last
insertion being on 08/11/2017.
MORTGAGE FORECLOSURE NOTICES
Pursuant to Minnesota Stat. §580.033
relating to -the publication of mortgage
foreclosure notices: The newspaper complies
with the conditions described in §580.033,
subd. 1, clause (1) or(2). If the newspaper's
known office of issue is located in a county
adjoining the county where the mortgaged
premises or some part of the mortgaged
premises described in the notice are located,
a substantial portion of the newspaper's
circulation is in the latter county.
By: U�� 1Jl Juk
Designated Agent
Subscribed and sworn to or affirmed before
me on 08/11/2017 by Charlene Vold,
r�0_1 k
Notary Public
" DARLENE MARIE MW HERWN
Notary PubW-Minnesota
My Conrnisebn Exphee Jan 31,2019
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(1)Lowest classified rate paid by commercial users
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$25.40 per column inch
Ad ID 719358