CITY OF CLOQUET - ANNUAL DISCLOSURE OF TAX INCREMENT DISTRICTS FOR THE YEAR ENDED DECEMBER 31, 2011

CITY OF CLOQUET

ANNUAL DISCLOSURE OF TAX INCREMENT DISTRICTS FOR THE YEAR ENDED DECEMBER 31, 2011

TIF District Name: TIF District 2-1

Current net tax capacity $40,174

Original net tax capacity $415

Captured net tax capacity $39,759

Principal and interest

payments due in 2012 $47,637

Tax increment received in 2011 $54,262

Tax increment expended in 2011 $54,506

Month and year of first tax

increment receipt June, 2008

Date of required

decertification December 31, 2033

Additional information regarding the district may be obtained from:

Nancy M. Klassen, CPA, CPFO

1307 Cloquet Avenue

Cloquet MN 55720

(218) 879-3347

Tags: legal notices, legals