08/08/2014 Annual Disclosure of Tax Increment Districts for Year Ending 12/31/2013 City of Fridley
(Official Publication)
City of Fridley,Minnesota
Annual Disclosure of Tax Increment Districts for the Year Ended December 31,2013
Housing Replacement
TIF District Phase I TIF District#1 TIF District#3 TIF District#6
TIF District Name: [Phase 11 [Center City] [North Area] [Lake Pointe]
Current net tax capacity 18,331 0 0 936,604
Original net tax capacity 3,658 0 0 326,940
Captured net tax capacity 14,673 0 0 609,664
Principal and interest payments due during current year 0 0 0 698,832
Tax increment received 16,980 0 0 398,180
Tax increment expended 189,763 12,897 22,710 400,631
Month and year of first tax increment receipt Jul-98 Jul-80 Jul-83 Jul-87
Date of required decertification 12/31/2023 8/1/2009 12/31/2008 12/31/2025
Increased property tax imposed on other properties as a
result of fiscal disparities contribution* 0.. N/A N/A 139,556**
TIF District#9 TIF District#11 TIF District#12 TIF District#13
TIF District Name: [Onan] [Universi Osborne
tyj j [McGlynn Bakeries] [Satellite lane Apts]
Current net tax capacity 354,241 77,248 69,768 35,292
Original net tax capacity 42,909 26,478 41,254 1,438
Captured net tax capacity 311,332 50,770 28,514 33,854
Principal and interest payments due during current year 0 0 0 0
Tax increment received 282,782 50,475 29,822 38,817
Tax increment expended 1,091,230 5,256 3,066 4,705
Month and year of first tax increment receipt Jul-90 Jul-93 Jul-94 Jul-98
Date of required decertification 12/31/2015 12/31/2018 12/31/2019 12/31/2023
Increased property tax imposed on other properties as a
result of fiscal disparities contribution* 71,270** 11,672-- 8,018" 0**
TIF District#19
TIF District#16 TIF District#37 TIF District#18 [5110 Main Street
TIF District Name: [57thAve Replacement] [Gateway East] [Gateway West] Proj/Ind Equities]
Current net tax capacity 26,750 30,426 11,604 165,914
Original net tax capacity 7,301 3468 2,819 45,628
Captured net tax capacity 19,449 26,958 8,785 120,286
Principal and interest payments due during current year 15,000 80,000 670,109 90,762
Tax increment received 22,607 26,721 8,993 102,269
Tax increment expended 2,332 2,709 3,089 102,220
Month and year of first tax increment receipt Jul-98 Jul-03 Jul-08 Jun-09
Date of required decertification 12/31/2023 12/31/2028 12/31/2033 12/31/2034
Increased property tax imposed on other properties as a
result of fiscal disparities contribution* 7,566** 0- 0** 27,771**
TIF 20 RER Project/HSS TIF District#21
TIF District Name: Subdistrict 20A[BAE] [Gateway North East]
Current net tax capacity 0 0
Original net tax capacity 0 0
Captured net tax capacity 0 0
Principal and interest payments due during current year 0 0
Tax increment received 0 -2,952
Tax increment expended 318,352 4,127,760
Month and year of first tax increment receipt Jul-15 Jul-17
Date of required decertification 12/31/2040 12/31/2042
Increased property tax imposed on other properties as a
result of fiscal disparities contribution* 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 increment financing district revenue depending on how the tax increment financing district is
established.
** The 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 2013,this increase in taxes on other properties amounted to the values listed above.
Additional information regarding each district may be obtained from:
Darin Nelson,Finance Director/Treasurer
6431 University Avenue N.E. Fridley,MN 55432
(763)572-3520
nelsond@ci.fridley.mn.us (Published in the Columbia Heights/Fridley
Sun Focus on August 8,2014.) 260639
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