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TIF DISTRICT NO. 16 <br /> <br /> CASH FLOW ASSUMPTIONS <br />Pay-As-You-Go Interest Rate 6.00% <br />Tax Extension Rate 1.03497 <br />nflat on Rate 0.00% <br /> <br />Pay 96 <br /> <br /> VALUE/RATE/CAPACITY <br /> <br /> Value Rate Capacity <br />Value Information 0 4.40% 0 Pay 96 <br /> <br /> PROJECT INFORMATION <br />Type of Total Taxes Per Total Tax Market Date <br />Use Sq. Ft. Sq. Ft. Taxes Capacity Value Payable <br />Commercial 14,000 $3.25 45,539 44,000 1,000,000 1999 <br /> <br />Totals 14,000 45,539 44,000 1,000,000 <br /> <br /> BUT FOR ANALYSIS <br /> <br />Current Market Value - Estimate 410,000 <br />New Market Value - Estimate 1,000,000 <br />Difference 590,000 <br />Present Value of Tax Increment 490,640 <br />Difference 99,360 <br />Value Likely to Occur Without TIF 0 <br />Difference 99,360 <br /> <br /> IMPACT ANALYSIS <br /> TAX CAPACITIES <br />SHERBURNE 57,579,856 44,000 0.076% <br />ELK RIVER 10,694,856 44,000 0.411% <br />DISTRICT 728 22,502,787 44,000 0.196% <br /> TAX RATES <br />SHERBURNE 0.235740 44,000 10,373 <br />ELK RIVER 0.240330 44,000 10,575 <br />DISTRICT 728 0.545300 44,000 23,993 <br />OTHER 0.013600 44,000 598 <br />TOTALS 1.034970 45,539 <br /> <br />Cashflow analysis prepared by CITY OF ELK RIVER 12~20/96 <br /> <br /> <br />