Annual Disclosure of Tax Increment Districts Osakis

CITY OF OSAKIS, MINNESOTA
Annual Disclosure of Tax Increment Districts for the Year Ended December 31, 2023
Name of TIF District: TIF 1 - 5 TIF 1 - 6 TIF 1 - 8 TIF 1-9
Current net tax capacity 95,541 89,524 3,538 8,514
Original net tax capacity 172 62,695 419 358
Captured net tax capacity 95,369 26,829 3,119 8,156
Principal and interest payments due in 2024 0 30,443 3,545 9,423
Tax increment received in 2023 138,197 32,264 3,809 9,959
Tax increment expended in 2023 58,820 26,620 4,399 10,134
First tax increment receipt July, 2002 June, 2009 June, 2017 June, 2019
Date of required decertification December 31, 2027 December 31, 2034 December 31, 2025 December 31, 2044
Increased Property Taxes as a 0 0 0 0
Result of Fiscal Disparities
Additional information regarding each district may be obtained from:
Ms. Angela Jacobson, Clerk-Treasurer
City of Osakis
14 E. Nokomis Street
Osakis, MN 56360
Phone: 320-859-2150
cityhall@cityofosakis.com