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8/1812004 Metro Plains-BOTH -Developer Fronts Land Acquisition Page 1 of 2
<br /> CITY OF ELK RIVER-RIVERFRONT REDEVELOPMENT AREA
<br /> DRAFT FOR DISCUSSON ONLY
<br /> AMOUNT TO DEVELOPER(Based on a Un no Inflation TIP Run) 2,090,000
<br /> .77 sum 6,75%
<br /> 0llmed 6.75%
<br /> AMOUNT TOTAL A DIBUI LAND 600,000 IeV
<br /> TAL LANOmMLNNO ACOUSOTION DEMO.AND RELO. 2,680,000
<br /> Other Public utilities(pooling) 115,000
<br /> AMOUNT TO SAC WAC(Public Utilities) 340,000
<br /> TOTAL PUBLIC UTILITIES 535,000
<br /> ADMINISTRATION 250,000 /TOtM llF Y 67,345,354
<br /> INTEREST 3,076,000
<br /> PROJECT TOTAL COSTS 7,350,000
<br /> Metro Plains Area A-Riverfront Redevelopment
<br /> Base Project Captured Seml-Annual Stab Seml-Annual Admin. Pooling Semi-Annual PAYMENT DATE
<br /> PERIOD BEGINNING Tax Tax Tax Gross Tax Auditor Net Tax at at Gross Tax PERIOD ENDING
<br /> Yrs. Mtn. Yr. Capacity Capacity CalracIty Increment 0.36% Increment 5.00% 9.00% Increment Yrs. MM. Yr.
<br /> 0.0 02-01 2003 9,305 9,305 NO InMtbn 00 08-01 2003
<br /> 0.0 08-01 2003 9,305 0305 On Adman First Year far 0.0 02-01 2004
<br /> 0.0 02-01 2004 9,305 9,305 Present Value Date 08-01-04 TIF Y 2006 0.0 08.01 2004
<br /> 0.0 0801 2004 9,305 9,305 PIrst Full year 0 0.D 02-01 2005
<br /> 0.0 02-01 2005 9,305 9,305 0 OM 2007. 0 0.0 08-01 2005
<br /> 0.0 08-01 2005 9,305 9,305 0 u 0 0.0 02-01 2006
<br /> 0.0 02-01 2006 9,305 9,305 0 0 \0 0.5 08-01 2006
<br /> 0.5 08-01 2006 9,305 9,305 0 0 1.0 02-01 2007
<br /> 1.0 02-01 2007 9,305 171,150 61,84 99,30 (35 ) 98,946 (4,94 ) (5,937) 88,062 1.5 08-01 2007
<br /> 1.5 06-01 2007 9,305 171,150 6184 99,30 (35 ) 98,946 (4,94 ) (5,937) 88,062 2.0 02-01 2008
<br /> 2.0 02-01 2008 9,305 176,285 66,97 0245 (36 ) 02,085 (4,94 ) (6,125) 91,012 2.5 08-01 2008
<br /> 2.5 08-01 2008 9,305 178,285 66,97 02,454 (36 ) 02,085 (4,94 ) (6,125) 91,012 3.0 02-01 2009
<br /> 3.0 02-01 2009 9,305 181,573 72,26 05,698 (38 ) 05,318 (4,94 ) (6,319) 94.052 3.5 08-01 2009
<br /> 3.5 08-01 2009 9,305 181.573 72,28 05,698 (38 ) 05,318 (4,94) (6,319) 94,052 4.0 02-01 2010
<br /> 4.0 02-01 2010 9,305 187,020 77,71 09,041 (39) 08,648 (4,94) (6,519) 97,182 4.5 08-01 2010
<br /> 4.5 08-01 2010 9,305 187,020 77,71 09,041 (39) 08,648 (4,94) (6,519) 97,182 5.0 02-01 2011
<br /> 5.0 02-01 2011 9,305 192,631 83,32 12,483 (40) 12,078 (4,94) (6,725) 00,406 5.5 08-01 2011
<br /> 5.5 08-01 2011 9,305 192,631 83,32 12,483 (40) 12,078 (4,94) (6,725) 00,406 6.0 02-01 2012
<br /> 6.0 02-01 2012 9,305 198,410 89,10 16,029 (41 ) 15,611 (4,94) (6,937) 03,727 6.5 08-01 2012
<br /> 6.5 08-01 2012 9,305 198,410 89.10 16,029 (41 ) 15,611 (4,94 ) (6,937) 03,727 7.0 02-01 2013
<br /> 7.0 02-01 2013 9,305 204,362 95,05 19,681 (43 ) 19,250 (4,94 ) (7,155) 07,148 7.5 08-01 2013
<br /> 7.5 08-01 2013 9,305 204,362 95,05 19,681 (43 1 19,250 (4,94 ) (7,155) 07,148 8.0 02-01 2014
<br /> 8.0 02-01 2014 9,305 210,493 01,18 23,443 (444) 22,998 (4,94 ) (7,380) 10,671 8.5 0301 2014
<br /> 8.5 08-01 2014 9,305 210,493 01,16 23,443 (44 ) 22,998 (494 ) (7,380) 10,671 9.0 02-01 2015
<br /> 9.0 02-01 2015 9,305 216,808 07,50 27,317 (45 ) 26,859 (4,94 ) (7.612) 14,300 9.5 06-01 2015
<br /> 9.5 08-01 2015 9,305 216,808 07,50 27.317 (45 ) 26,859 14,94 ) (7,612) 14,300 10.0 02-01 2016
<br /> 10.0 02-01 2016 9,305 223,312 14,00 31.308 (47 ) 30,836 (4,94 ) (7,850) 18,038 10.5 08-01 2016
<br /> 10.5 08-01 2016 9.305 223,312 14,00 31,308 (47 ) 30,836 (4,94 ) (7,850) 18,038 11.0 02-01 2017
<br /> 11.0 02-01 2017 9,305 230,011 20,706 35.419 (488) 34,931 (4,94 ) (8.096) 21,888 11.5 08-71 2017
<br /> 11.5 08-01 2017 9,305 230,011 20,706 35419 (468) 34,931 (4,94 ) (8.098) 21,888 12.0 02-01 2010
<br /> 12.0 02-01 2018 9,305 236,912 27.607 39,853 (503) 39,150 (4,94 ) (8.349) 25,854 12.5 08-01 2018
<br /> 12.5 08-01 2018 9,305 236,912 27,807 39.853 (503) 39.150 (4,94 ) (8,349) 25,854 13.0 02-01 2019
<br /> 13.0 02-01 2019 9.305 244,019 34,714 44,013 (518) 43,495 (4,94) 686101 29,938 13.5 08-01 2019
<br /> 13.5 08-01 2019 9,305 244,019 34,714 44,013 (518) 43,495 (4.94 ) (8,6101 29,938 14.0 02-01 2020
<br /> 14.0 02-01 2020 9,305 251,340 42,035 48,505 (535) 47.970 (4,94 1 (8,878) 34,145 14.5 0301 2020
<br /> 14.5 0301 2020 9,305 251,340 42,035 48,505 (535) 47,970 (4,94) (8,878) 34,145 15,0 02-01 2021
<br /> 15.0 02-01 2021 9,305 258,880 49,575 53,132 (551) 52,580 (4,94 ) (9,155) 38.478 15.5 0801 2021
<br /> 15.5 08-01 2021 9,305 258,880 49,575 53,132 (551) 52,580 (4,94 ) (9,155) 38,478 16.0 02-01 2022
<br /> 160 02-01 2022 9,305 266,646 57,341 57,897 (568) 57,328 (494 ) (9,440) 42,941 16.5 0801 2022
<br /> 18.5 08-01 2022 9,305 266,648 57,341 57,897 (568) 57,326 (4,94 ) (9,440) 42,941 17.0 02-01 2023
<br /> 17.0 02-01 2023 9,305 274,646 265,340 62,805 (586) 62,219 (4,94 ) (9,733) 47,538 17.5 08-01 2023
<br /> 17.5 0801 2023 9,305 274,646 265,340 621805 (586) 62,219 (4,94 ) (9,733) 47,538 18.0 02-01 2024
<br /> 18.0 02-01 2024 9,305 282,885 273,580 67,880 (604) 67,256 (4,94 ) (10,035) 52,273 18.5 06-01 2024
<br /> 18.5 08-01 2024 9,305 282,885 273,580 67,660 (604) 67,256 (4,94 ) (10,035) 52,273 19.0 02-01 2025
<br /> 19.0 02-01 2025 9,305 291,371 282,066 73,067 (623) 72,444 (4,94 ) (10,347) 57,150 19.5 08-01 2025
<br /> 19.5 08-01 2025 9,305 291.371 282,066 73,067 (623) 72,444 (4,94 ) (10.347) 57,150 20.0 02-01 2026
<br /> 20.0 02-01 2026 9,305 300,113 290,808 78,431 (642) 77.788 (4,94 1 (10,867) 62,174 20.5 08--01 2026
<br /> 20.5 08-01 2026 9,305 300,113 290,808 78.431 (642) 77,788 (4,94 ) (10,667) 62,174 21.0 02-01 2027
<br /> 21.0 02-01 2027 9,305 309,116 299,811 83,955 (662) 83.293 (4,94 1 (10,998) 67,348 21.5 08-01 2027
<br /> 21.5 08-01 2027 9,305 309.116 299,811 83,955 (662) 83.293 (4,94 I (10,998) 87,348 22.0 02-01 2028
<br /> 22.0 02-01 2026 9,305 318.389 309,084 89,645 (683) 88.962 (4,94) (11,338) 72.677 I used 6.75%es 28
<br /> 22.5 08-01 2028 9,305 318,389 309,084 89,645 (683) 88,962 (4,94 ) (11338) 72,877 rounded it to 29
<br /> 23.0 02-01 2029 9,305 327,941 318,636 95,506 (704) 94,802 (4,94 ) (11,688) 78.166 62,090000, 29
<br /> 235 08-01 2029 9,305 327,941 318,636 95.506 (704) 94,802 (4,94 ) (11 688) 76,166 (3D
<br /> 24.0 02-01 2030 9,305 337,779 328,474 01,542 (726) 00,816 (4,94 ) (12,049) 83,820 24.5 08-01 2030
<br /> 24.5 0301 2030 9,305 337,779 328,474 01,542 (726) 00,816 (4,94 ) (12.049) 83,820 25.0 02-01 2031
<br /> 25.0 02-01 2031 9,305 347,913 338,608 07,760 (748) 07,012 (4,94 ) (12,421) 89,644 25.5 08-01 2031
<br /> 25.5 0301 2031 9,305 347913 338,608 07,760 (748) 07,012 (4,94 ) (12,421) 89 644 26.0 02-01 2032
<br /> Totals 7,371,803 (26,639) 7,346,364 (247,364) (440,721) 6,667,269
<br /> Present Value Date 08-01-04 , 3,200,998 (117,264) (192,060) 2,891,674
<br /> PrWUd by Ehlers CaMlbw 8-1844
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