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    July 24, 2020
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Public Notice-City of Mountain Lake, Minnesota Annual Disclosure of Tax Increment Districts for the year ended December 31, 2019 (Minnesota Statutes, Section 469.175(5) District I Pinebrook Community District Krienke Foods Mountain District Name: Milk Downtown District Asset District 1-5 Specialties District 1-7 Power Foundation Hydraulics District 1-6 3-1 1-8 District 1-4 Current Net Tax Capacity $7,769 $5,484 $18,004 $17,891 $35,270 $27,088 $118 Original Net Tax Capacity $23 $146 $210 $722 $450 $6,928 $509 Captured Net Tax Capacity $7,746 $5,338 $17,794 $17,169 $34,820 $20,160 $0 Principal and Interest Payments Due in 2020 $10,821 $8,235 $5,148 $128,725 $191,078 $0 $0 Tax Increment Received in 2019 $12,135 $9,191 $83,493 $123,337 $184,416 $29,964 $0 Tax Increment Expended in 2019 $11,812 $58,132 $190,483 $9,225 $127,362 $2,740 $990 Month/Year First Tax Increment 7/1998 7/2007 7/2014 7/2015 6/2016 7/2016 6/2017 Receipt Date of Required Decertification 12/31/2024 12/31/2023 12/31/2032 12/31/2039 12/31/2023 12/31/2024 12/31/2042 The Total Increased Property Taxes to $0 $0 $0 $0 $0 $0 be Paid from Outside the District if Fiscal Disparities Option A Applies Additional information regarding each district may be obtained from: Michael Schulte City of Mountain Lake, PO Box C, 930 Third Avenue, Mountain Lake, MN 56159 507-427-2999 mschulte@mountainlakemn.com Public Notice-City of Mountain Lake, Minnesota Annual Disclosure of Tax Increment Districts for the year ended December 31, 2019 (Minnesota Statutes, Section 469.175(5) District I Pinebrook Community District Krienke Foods Mountain District Name: Milk Downtown District Asset District 1-5 Specialties District 1-7 Power Foundation Hydraulics District 1-6 3-1 1-8 District 1-4 Current Net Tax Capacity $7,769 $5,484 $18,004 $17,891 $35,270 $27,088 $118 Original Net Tax Capacity $23 $146 $210 $722 $450 $6,928 $509 Captured Net Tax Capacity $7,746 $5,338 $17,794 $17,169 $34,820 $20,160 $0 Principal and Interest Payments Due in 2020 $10,821 $8,235 $5,148 $128,725 $191,078 $0 $0 Tax Increment Received in 2019 $12,135 $9,191 $83,493 $123,337 $184,416 $29,964 $0 Tax Increment Expended in 2019 $11,812 $58,132 $190,483 $9,225 $127,362 $2,740 $990 Month/Year First Tax Increment 7/1998 7/2007 7/2014 7/2015 6/2016 7/2016 6/2017 Receipt Date of Required Decertification 12/31/2024 12/31/2023 12/31/2032 12/31/2039 12/31/2023 12/31/2024 12/31/2042 The Total Increased Property Taxes to $0 $0 $0 $0 $0 $0 be Paid from Outside the District if Fiscal Disparities Option A Applies Additional information regarding each district may be obtained from: Michael Schulte City of Mountain Lake, PO Box C, 930 Third Avenue, Mountain Lake, MN 56159 507-427-2999 mschulte@mountainlakemn.com