Financial Statements – CITY OF FOREST LAKE

2016 ANNUAL DISCLOSURE STATEMENT
Name of Development Authority: Forest Lake Economic Development Authority broadstreet.zone(48036);
Name of Municipality: City of Forest Lake
The following information represents the annual disclosure of tax increment districts for the year ended December 31, 2016.
Forest Lake Times on 8/10/17
*The fiscal disparities property tax law provides that the growth in commercial-industrial property tax values is shared throughout the area. In a tax increment financing district, this value sharing can either result in a tax increase for other properties in the municipality or result in a decrease in tax increment financing district revenue depending on how the tax increment financing district is established.
Tax Increment Financing District #1 Industrial Park, Tax Increment Financing District #2 Cherrywood Pointe, and Tax Increment Financing District #87 Centennial Office Park share growth in commercial-industrial property tax values. broadstreet.zone(50962);
Additional information regarding each district may be obtained from:
Aaron Parrish aaron.parrish@ci.forest-lake.mn.us
Name of TIF Representative Email:
1408 Lake Street South, Forest Lake, MN 55025 (651) 464-3550
Address

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