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CITY OF CLOQUET Annual Disclosure of Tax Increment Districts for the Year Ended December 31, 2013 - District 3-1

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CITY OF CLOQUET

Annual Disclosure of Tax Increment Districts for the Year Ended December 31, 2013

TIF District Name: TIF District 3-1

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Current net tax capacity = $23,451

Original net tax capacity = $3,591

Captured net tax capacity=  $19,860

Principal and interest payments due in 2013 = $10,000

Tax increment received in 2012 =$29,800

Tax increment expended in 2012 = $14,236

Month and year of first tax increment receipt = July, 2013

Date of required decertification = December 31, 2021

Additional information regarding the district may be obtained from:

Nancy M. Klassen, CPA, CPFO

1307 Cloquet Avenue

Cloquet MN 55720

(218) 879-3347

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