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CITY OF ORONO <br /> ANNUAL DISCLOSURE OF TAX INCREMENT DISTRICTS <br /> FOR THE YEAR ENDED DECEMBER 31,2024 <br /> Tax Increment <br /> TIF District Name: Financing District <br /> No.1-1 <br /> Current net tax capacity 116,900 <br /> Original net tax capacity 5,250 <br /> Captured net tax capacity 111,650 <br /> Principal and interest payments due during <br /> current year 173,776 <br /> Tax increment received 95,842 <br /> Tax increment expended 4,247 <br /> Month and year of first tax increment receipt, July 2003 <br /> Date of required decertification 12-31-2028 <br /> Increased property tax imposed on other <br /> properties as a result of fiscal disparities 0** <br /> contribution* <br /> *The fiscal disparities property tax law provides that the growth in com- <br /> mercial-industrial property tax values is shared throughout the area.In <br /> a tax increment financing district,this value sharing can either result in <br /> a decrease in tax increment financing district revenue or a tax increase <br /> for other properties in the municipality depending on whether the tax <br /> increment financing district contributes its share of the growth. <br /> "Amounts displayed here indicate that the district did not contribute <br /> its growth in commercial-industrial property tax values and represent <br /> the resulting increase in taxes on other properties in the City for taxes <br /> payable in 2024. <br /> Additional information regarding each district may be obtained from: <br /> Maggie Jin,Finance Director <br /> 2750 Kelley Parkway Orono,MN 55356 <br /> (952)249-4611 <br /> mjin@oronomn.gov <br /> Published in the Laker Pioneer <br /> August 9,2025 <br /> 1484660 <br />