CITY OF ST. JOSEPH
The following information represents the annual disclosure of tax increments for the year ended Dec. 31, 2014.
| District Name | TIF # 2-1 Millstream Shops and Lofts | TIF #2-2Meat Market Expansion | TIF #1-4St. JosephDevelopment |
| Current Net Tax Capacity | 40,348 | 10,826 | 0 |
| Original Net Tax Capacity | 5,530 | 7,626 | 0 |
| Captured Net Tax Capacity | 34,818 | 3,200 | 0 |
| Principal and interest payments due in 2014 | 37,950 | 3,755 | 0 |
| Tax Increments Received in 2013 | 37,343 | 4,029 | 0 |
| Tax Increments Expended in 2013 | 35,248 | 3,965 | 0 |
| Month and Year of First Increment Receipt | July, 2009 | July, 2013 | May, 2004 |
| Date of Required Decertification | 12/31/2034 | 12/31/2021 | 12/31/12 |
Tax Increment Districts 1-4, 2-1 and 2-2 do not share their growth in commercial-industrial property tax values. This results in increases in property taxes for other properties in this municipality. For taxes payable in 2014, this increase in taxes on other properties amounted to $0.
Additional information regarding each district may be obtained from: Lori Bartlett, finance director, City of St. Joseph, P.O. Box 668, St. Joseph MN 56374; 320-363-7201.
CITY OF ST. JOSEPH
ST. JOSEPH DISTRIBUTION CENTER EAW
The St. Joseph Distribution Center is proposed on approximately 98.92 acres of primarily agricultural land in St. Joseph. The project proposes a total gross building area of 745,000 square feet. The project will be serviced by municipal sewer and water. Anyone wishing to submit comments on the EAW can view a copy of the document at the City of St. Joseph and send written comments to Judy Weyrens, City Administrator, 25 College Ave., St. Joseph, MN 56374. Comments on the EAW must be received by the City of St. Joseph no later than 4:30 p.m. Wednesday, July 8, 2015.
Publish: June 5, 2015
