Financial Statements – St Louis Park EDA

Annual Disclosure of Tax Increment Districts for the Year Ended December 31, 2016

* 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 decrease in tax increment financing district revenue or a tax increase for other properties in the municipality depending on whether the tax increment financing district contributes its share of the growth.

** Amounts displayed here indicate that the district did not contribute its growth in commercial-industrial property tax values and represent the resulting increase in taxes on other properties in the City for taxes payable in 2016.

Additional information regarding each district may be obtained from:

Kevin Locke, Community Development Director

5005 Minnetonka Blvd.

St. Louis Park, MN 55416

(952) 924-2580

[email protected]

Published in the

St. Louis Park Sun Sailor

August 10, 2017

718603

http://sailor.mnsun.com/wp-content/uploads/sites/30/2017/08/718603-1.pdf

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