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08-11-2003 EDA Packet
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08-11-2003 EDA Packet
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EDA
EDA Document Type
EDA Packet
Meeting Date
08/11/2003
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City of Lino Lakes, Minnesota <br />the net tax capacity for the reporting period of the district and any subdistrict; <br />the captured net tax capacity of the district; <br />the month and year in which the authority has received or anticipates it will <br />receive the first increment from the district; <br />the date the district must be decertified; <br />the amount of principal and interest payments that are due for the current <br />calendar year on any non-defeased obligations; <br />if the fiscal disparities contribution under ch 6A or 473F for the district is <br />computed under section 469.177, subdivision`'a3, paragraph (a). the amount of <br />increased property taxes imposed on other properties tip the municipality that <br />approved the tax increment financing lain as a result ofy, he fiscal disparities <br />contribution; <br />(8) the amounts of tax increment received and expended in the reporting period; <br />(9) <br />and any additional information the auth <br />The annual statement must inform readers et additional aformation regarding each district <br />may be obtained from the authority, and explain how additional information may be <br />requested. The Authority must publish the annual statement f ayear no later than August 15 <br />of the next year. The authority must identify the newspaper `of general circulation in the <br />municipality to which the annual statementt a been or' ill a submitted for publication and <br />provide a copy of the,annual statement to the county board, county auditor, the school board, <br />the state auditor, andthe governing&body of the municipality on or before August 1 of the year <br />in which the statementmust be published. <br />Teems necessary. <br />The reporting and disclosure r ytline in this section shall begin with the year the <br />district was ce fi d and sb ll d in the year to thich both the district has been decertified and <br />all tax increments vex beer s ient or returned to the county for redistribution. Failure to meet <br />theseequirements,"" s3determined by the State Auditors Office, may result in suspension of <br />distil:4*bn of tax <br />SPRINGSTED <br />Page 17 <br />
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