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Projected Tax Abatement Report
<br /> City of Elk River, Minnesota
<br /> Proposed Tax Abatement for Coin-Tainer Relocation
<br /> Participation of City for 12 years and County for 12 years
<br /> Total EMV of$2,234,500 with Incremental EMV of$491,100
<br /> Less:
<br /> Non- Retained Times: Maximum Maximum Maximum P.V.
<br /> Annual Total Total Abated Captured Tax Tax Tax Tax Total Annual
<br /> Period Estimated Net Tax Net Tax Net Tax Capacity Abatement Abatement Abatement Tax Abate To
<br /> Ending Market Value Capacity Capacity Capacity Rate City County School District Abatement 12/31/14
<br /> 48.54% 54.86% 51.29%
<br /> (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) 4.00%
<br /> 12/31/16 2,234,500 43,940 34,118 9,822 159.678% 21,330 5,486 0 26,816 24,793
<br /> 12/31/17 2,256,845 44,387 34,118 10,269 159.678% 21,547 5,486 0 27,033 24,032
<br /> 12/31/18 2,279,413 44,838 34,118 10,720 159.678% 21,766 5,486 0 27,252 23,295
<br /> 12/31/19 2,302,208 45,294 34,118 11,176 159.678% 21,988 5,486 0 27,474 22,581
<br /> 12/31/20 2,325,230 45,755 34,118 11,637 159.678% 22,211 5,486 0 27,697 21,889
<br /> 12/31/21 2,348,482 46,220 34,118 12,102 159.678% 22,437 5,486 0 27,923 21,219
<br /> 12/31/22 2,371,967 46,689 34,118 12,571 159.678% 22,665 5,486 0 28,151 20,570
<br /> 12/31/23 2,395,686 47,164 34,118 13,046 159.678% 22,895 5,486 0 28,381 19,940
<br /> 12/31/24 2,419,643 47,643 34,118 13,525 159.678% 23,128 5,486 0 28,614 19,330
<br /> 12/31/25 2,443,840 48,127 34,118 14,009 159.678% 23,363 5,486 0 28,849 18,740
<br /> 12/31/26 2,468,278 48,616 34,118 14,498 159.678% 23,600 5,486 0 29,086 18,167
<br /> 12/31/27 2,492,961 49,109 34,118 14,991 159.678% 23,840 5,486 0 29,326 17,612
<br /> 12/31/28 2,517,891 49,608 49,608 0 159.678% 0 0 0 0 0
<br /> 12/31/29 2,543,069 50,111 50,111 0 159.678% 0 0 0 0 0
<br /> 12/31/30 2,568,500 50,620 50,620 0 159.678% 0 0 0 0 0
<br /> $270,769 $65,832 $0 $336,601 $252,168
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