CITY OF COTTAGE GROVE ANNUAL TIF DISTRICT DISCLOSURE FOR YEAR ENDED 12/31/2011

Name of TIF district

TIF 1-1 TIF 1-3 TIF 1-8 TIF 1-10 TIF 1-12 TIF 1-13 TIF 1-14

Oakwood Up NorthCottagesIndustrialGatewayWerner

HeightsPlasticsParkNorth Electric

Current net tax capacity $23,496 $170,584 $34,360 $- $812,092 $179,396 $131,250

Original net tax capacity $76 $62,250 $1,268 $- $239,127 $23,310 $5,226

Captured net tax capacity $23,420 $108,334 $33,092 $- $572,965 $156,086 $126,024

principal & interest $- $- $- $- $606,551 $- $-

payments due in 2012

Tax increment received in 2011 $29,153 $119,098 $38,406 $- $612,388 $99,729 $75,233

Tax increment expended in 2011 $275 $242 $242 $- $937,061 $476 $34,822

Month & year of first tax July 1986 7/1/1988 July 1994 July 2001 July 2003 July 2006 July 2008

increment receipt

date of required 12/31/2011 12/31/2013 12/31/2019 12/31/2010 12/31/2028 12/31/2014 12/31/2016

decertification

Increased property tax $4,731 $21,861 $6,683 $- $115,006 $- $-

imposed on other properties

as a result of fiscal disparities contribution

8/8/201

Tags: public notices, general legals