Public Notice
City of Maple Lake, Minnesota
Annual Disclosure of Tax Increment Districts For The Year ended December, 31, 2021
(Minnesota Statutes, Section 469.175(5)
Current Net Tax Capacity
PACE industries District 2-1:0
Cedar Lake Engineering District 5-1: 51,536
Original Net Tax Capacity
PACE Industries District 2-1: 0
Cedar Lake Engineering District 5-1: 35,154
Captured Net Tax Capacity
PACE industries District 2-1:0
Cedar Lake Engineering District 5-1: 16,382
Principal and Interest Payments Due in 2022
PACE industries District 2-1:0
Cedar Lake Engineering District 5-1: 11,060
Tax Increment Received in 2021
PACE industries District 2-1:0
Cedar Lake Engineering District 5-1: 21,478
Tax Increment Expended in 2021
PACE industries District 2-1:1,000
Cedar Lake Engineering District 5-1: 20,330
Month/Year First Tax Increase. Receipt
PACE industries District 2-1:July 2018
Cedar Lake Engineering District 5-1: July 2020
Date of Required Decertification
PACE industries District 2-12/31/26
Cedar Lake Engineering District 5-1: 12/31/28
Additional information regarding each district may be obtained from:
Renee Eckerly
City of Maple Lake, MN
PO Box 757
Maple Lake, MN 55358
320-963-3611
Renee.eckerly@ci.maple-lake.mn.us