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n Property Records and <br /> Was ig <br /> 111 Taxpayer Services <br /> ountyKevin Corbid <br /> Director <br /> April 25, 2011 <br /> CITY OF HUGO <br /> RON OTKIN-FINANCE DIR <br /> 14669 FITZGERALD AVE N <br /> HUGO MN 55038 <br /> District 0079-0 Hugo 1-2 Downtown Redev <br /> State Description TIF DIST 1-2 (79) DOWNTOWN REDEV <br /> Category Primary <br /> Type Redevelopment <br /> Start Year 2011 TIF Plan Date 4/16/2007 <br /> End Year 2036 Certification Request Date 7/22/2009 <br /> Base Value Year 2009 Certification Date 11/24/2010 <br /> Base Rate Year 2010 Knockdown Rule Date 2/1/2015 <br /> Fiscal Disparity B Election No Projected Decertification Date 12/31/2036 <br /> Certification of tax increment financing net tax capacities and taxes for the District for taxes payable in 2011: <br /> Current Net Tax Capacity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 308,003 <br /> Original Net Tax Capacity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 321,535 <br /> Net Tax Capacity Change . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 <br /> Fiscal Disparity Deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br /> Retained Captured Tax Capacity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 <br /> Retained as a % of Current Net Tax Capacity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.0000% <br /> Total Captured Tax Increment Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00 <br /> Less Excess Tax Increment due to increase in tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00 <br /> Tax Increment District Gross Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00 <br /> TIF District Homestead Credit- Paid by State of MN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00 <br /> Tax Increment District Net Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00 <br /> Projected State Auditor.36% Admin Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00 <br /> Projected Net to District. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00 <br /> Please contact us at 651-430-6175 if you have any questions. <br /> Department of Property Records and Taxpayer Services <br /> Taxation Division <br />