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TIF DISTRICT NO. '17 <br /> <br />CASH FLOW ASSUMPTIONS <br /> <br />Pay-As-You-Go Interest Rate <br />Tax Extension Rate <br />nf at on Rate <br /> <br />0.00% J <br />1.12767 Pay 97 <br />0.00% <br /> <br />VALUE/RATE/CAPACITY <br /> Effective <br /> Rate <br /> <br />Value Information <br /> <br />Base <br />Value <br /> 98,000 <br /> <br /> 2.70% <br />PROJECT INFORMATION <br /> <br />Tax J <br />Capacity <br />2,646 Pay 97 <br /> <br />Type of Total Taxes Per Total Tax Market Date <br />Use Sq. Ft. Sq. Ft. Taxes Capacity Value Payable <br />Commercial 25,000 $1.29 32,195 28,550 850,000 2000 <br />Totals 25,000 32,195 28,550 850,000 <br /> <br />BUT FOR ANALYSIS <br /> 98,000 <br /> 850,000 <br /> <br />Current Market Value - Estimate <br />New Market Value - Estimate <br /> Difference <br />Present Value at 0.00% <br /> Difference <br />Value Likely to Occur Without TIF <br /> Difference <br /> <br />752,000 <br />242,308 <br /> <br />509,692 <br /> 0 <br />509,692 <br /> <br />LOCAL MATCH ANALYSIS <br /> <br />City contribution to project <br /> <br />Other contribution to project <br />Tota oca match to project <br /> <br />19,361 <br /> <br />19,361 <br /> <br /> IMPACT ANALYSIS <br /> TAX CAPACITIES <br />SHERBURNE 63,007,347 25,904 0.041% <br />ELK RIVER 12,251,909 25,904 0.211% <br />DISTRICT 728 25,234,529 25,904 0.103% <br /> TAX RATES <br />SHERBURNE 0.243920 25,904 6,319 <br />ELK RIVER 0.246830 25,904 6,394 <br />DISTRICT 728 0.623590 25,904 16,153 <br />)THER 0.013330 25,904 345 <br />TOTALS 1.127670 29,211 <br /> <br />Cashfiow analysis prepared by CITY OF ELK RIVER 1/5/98 <br /> <br /> <br />