Annual

CITY OF Pierz, MINNESOTA
Annual Disclosure of Tax Increment Districts for the Year Ended December 31, 2013
Name of TIF District: TIF District 1 TIF District 3 TIF District 5 TIF Distict 6 TIF District 7 TIF District 8 TIF District 9
Roach Reds Auto County Place CJ Devel Harmony Harmony Roach
Housing Assisted Living House Service Townhomes

Current net tax capacity 22,320 4,766 10,402 17,369 27,790 11,928 10,000
Original net tax capacity 1,895 1,641 16 32 339 341 1,080
Captured net tax capacity 20,425 3,125 10,386 17,337 27,451 11,587 8,920 Principal and interest payments dues
in 2014 9,000 3,600 13,596 – 18,500 10,850 9,200 Tax increment received in 2013 9,753 2,020 13,718 22,388 28,747 12,132 13,708
Tax increment expended in 2013 642 4,191 23,232 82,883 26,623 11,509 9,788
First tax increment receipt June, 1993 June, 1999 June, 2002 June, 2006 June, 2009 June, 2009 Jun-12
Date of required decertification 12/31/2018 12/31/2024 12/31/2027 12/31/2031 12/31/2034 12/31/2017 12/31/2037
Increased Property Taxes as a – – – – – – –
Result of Fiscal Disparities

Additional information regarding each district may be obtained from:
Scott Saehr, Administrator
City of Pierz
PO Box 367
Pierz, MN 56364
Phone: 320-468-6471

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