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I Pro~ected Tax Increment Report I
<br /> City of Eik River, Minnesota
<br />Tax Increment Financing (Redevelopment) District No. 19
<br />(U.S. Highway 169 and County Highway 12 Project)
<br />
<br /> Less: Less: Retained
<br />Annual Total Odginal Fiscal Captured
<br />Period Net Tax Net Tax Disp. @ Net Tax
<br />Ending Capacity Capacity 0.0000% Capacity
<br />(1) (2) (3) (4) (5)
<br />
<br />12131/98 76,447 76,447 0 0
<br />12/31/99 76,447 76,447 0 0
<br />12/31/00 356,447 76,447 0 280,000
<br />12/31/01 636,447 76,447 0 560,000
<br />12/31/02 986,447 76,447 0 910,000
<br />12/31/03 1,336,447 76,447 0 1,260,000
<br />12/31/04 1,336,447 76,447 0 1,260,000
<br />12/31/05 1,336,447 76,447 0 1,260,000
<br />12/31106 1,336,447 76,447 0 1,260,000
<br />12131/07 1,336,447 76,447 0 1,260,000
<br />12/31/08 1,336,447 76,447 0 1,260,000
<br />12/31/09 1,336,447 76,447 0 1,260,000
<br />12/31/10 1,336,447 76,447 0 1,260,000
<br />12/31/11 1,336,447 76,447 0 1,260,000
<br />12131112 1,336,447 76,447 0 1,260,000
<br />12131/13 1,336,447 76,447 0 1,260,000
<br />12131114 1,336,447 76,447 0 1,260,000
<br />12/31115 1,336,447 76,447 0 1,260,000
<br />12/31116 1,336,447 76,447 0 1,260,000
<br />12/31/17 1,336,447 76,447 0 1,260,000
<br />12/31/18 1,336,447 76,447 0 1,260,000
<br />12/31/19 1,336,447 76,447 0 1,260,000
<br />12131120 1,336,447 76,447 0 1,260,000
<br />12/31/21 1,336,447 76,447 0 1,260,000
<br />12131122 1,336,447 76,447 0 1,260,000
<br />12131/23 1,336,447 76,447 0 1,260,000
<br />12131124 1,336,447 76,447 0 1,260,000
<br />
<br /> Less: Less: Plus:
<br />Annual State Aud. Admin. Annual Local Annual
<br />Gross Tax Deduction Retainage Net Tax Contribution Net
<br />Increment 0.25% 5.00% Increment 5.00% Revenue
<br />(7) (8) (9) (10) (11) (12)
<br /> 0 0 0 0 0 0
<br /> 0 0 0 0 0 0
<br />312,211 781 15,572 295,858 15,572 311,430
<br />624,422 1,561 31,143 591,718 31,143 622,861
<br />1,014,686 2,537 50,607 961,542 50,607 1,012,149
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />;I,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br />$32,860,219 $82,143 $1,638,906 $31,139,170 $1,638,906 $32,778,076
<br />
<br />Times:
<br />Tax
<br />Capacity
<br />Rate
<br />(6)
<br />
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.5O4%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />111.504%
<br />
<br />Present Value @ 7.50% = $12,594,291
<br />
<br />Prepared by: Springsted Incorporated (printed on 6111/98 at 2'1(1 PM) Tifinca ..
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