City of Ely, Minnesota Annual Disclosure of Tax Increment Districts for The Year Ended December 31, 2019 District Name: TIF District #1U TIF District #3 Current Net Tax Capacity $37,515 $39,581 Original net tax capacity $147 $2,425 Captured net tax capac

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Annual Disclosure of Tax Increment Districts for
The Year Ended December 31, 2019

District Name: TIF District #1U TIF District #3
Current Net Tax Capacity $37,515 $39,581
Original net tax capacity $147 $2,425
Captured net tax capacity $37,368 $37,156
Principal and Interest
Payments Due in 2019 $161,383 $79,530
Tax Increment Received in 2018 $62,567 $43,743
Tax Increment Expended in 2018 $83,978 $51,150
Month and Year of first
Tax increment receipt 10/1989 05/1998
Date of required decertification 12/31/2021 12/31/2026

Additional Information regarding each district may be obtained from:
Dan Smith, Assistant Treasurer
209 E Chapman St
Ely, MN 55731
218-226-5473

Ely Echo
August 1, 2020