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2012 Annual Tax Increment Disclosure Statement City of Preston


Fri, Aug 2nd, 2013
Posted in Preston Legals

2012 Annual Tax Increment Disclosure Statement

City of Preston

Preston economic development authority

The following information represents the annual disclosure of tax increment districts for the year ended December 31,

TIF 5 TIF 6

Name of TIF District Country Hearth Inn Assisted Living Project

Currrent net tax capacity 15,346 7,766

Original net tax capacity 2,650 161

Captured net tax capacity 12,696 7,605

Principal and Interest due in 2013 27,401 17,946

Tax increment received 15,219 11,184

Tax increment expended 15,691 10,362

Month and year of first tax increment receipt 2/1/1998 3/1/2001

Date of required decertification 12/31/2024 12/31/2028

Additional information regarding each district may be obtained from:

Joe Hoffman

City of Preston

210 Fillmore St W, PO Box 657

Preston, MN 55965

(507) 765-2153

Publish 5

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