CITY OF LORETTO2012 ANNUAL DISCLOSURE STATEMENT
The following information represents the annual disclosure of Tax Increment Districts for the year ended December 31, 2012.
TIF District Name: TIF 1
Current net tax capacity $ 22,140
Original net tax capacity $ 660
Captured net tax capacity $ 21,480
Principal and interest payments due in 2013 $ 35,263
Tax increment received in 2012 $ 31,967
Tax increment expended in 2012 $ 9,339
Month and year of first tax increment receipt 7/2004
Date of required decertification 12/31/2029
Additional information regarding this district may be obtained from Mary Schneider, Treasurer, City of Loretto, PO Box 207, Loretto, MN 55357; 763-479-4305; or firstname.lastname@example.org.
Published in the Delano Herald Journal July 22, 2013