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City of Mounds View TIF District No. 1 Modification 25 | P a g e 1. The original assessed value of the district; 2. The captured assessed value of the district, including the amount of any captured assessed value shared with other taxing districts; 3. The outstanding principal amount of bonds issued or other loans incurred to finance project costs in the district; 4. For the reporting period and for the duration of the district, the amount budgeted under the tax increment financing plan, and the actual amount expended for, at least, the following categories: (A) Acquisition of land and buildings through condemnation or purchase; (B) Site improvements or preparation costs; (C) Installation of public utilities or other public improvements; (D) Administrative costs, including the allocated cost of the authority; 5. For properties sold to developers, the total cost of the property to the authority and the price paid by the developer; 6. The amount of tax exempt obligations, other than those reported under clause (3), that were issued on behalf of private entities for facilities located in the district. The annual disclosure report is designed to be a two-way medium of information dissemination for both the Office of the County Auditor and the City. Should the auditor want additional information from the City regarding its tax increment financing activit ies, such information should be requested prior to submission of the annual disclosure report by the City. Similarly, the city council may utilize the annual disclosure report as a means for requesting information from the Office of the County Auditor. Additionally, the city must annually publish a statement in a newspaper of general circulation in the municipality showing the tax increment received and expended in that year, the original assessed value, the captured assessed value, amount of outstanding bonded indebtedness and any additional information the city deems necessary. (AS MODIFIED JUNE 12, 1989) Pursuant to Minnesota Statutes, Section 469.175, Subdivision 5, an authority must file an annual disclosure report for all tax increment financing districts. The report shall be filed with the school board, county board, and governing body of the municipality, if the authority is not the municipality, and the State Auditor. The report shall include the following information: 1. The original tax capacity value of the district;