Annual Disclosure of Tax Increment Dist. for Year ended 12-31-11

Rosemount Port Authority

City of Rosemount

Annual Disclosure of Tax Increment Districts for the Year Ended December 31, 2011

District Name: Downtown-Brockway

Tax Increment

Financing District

Current net tax capacity $711,862

Original net tax capacity $110,360

Captured net tax capacity $601,502

Principal and interest payments due in 2012 $439,080

Tax increment received in 2011 $624,402

Tax increment expended in 2011 $376,630

Month and year of first tax increment receipt July, 2006

Date of required decertification 12/31/31

Increased property tax imposed on other properties

as a result of fiscal disparities contribution $7,630

The fiscal disparity tax law provides that the growth in commercial-industrial property tax values is shared throughout the area. In a tax increment financing district, this value sharing can either result in a tax increase for other properties in the municipality or result in a decrease in tax increment financing district revenue depending on how the tax increment financing district is established.

Additional information regarding each distract may be obtained from:

Jeffrey A. May, Finance Director

City of Rosemount

2875 145th Street West

Rosemount, MN 55068

(651) 423-4411

(July 26)

Tags: public notices, general legals