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Projected Tax Abatement Report
<br />City of Elk River, Minnesota
<br />Proposed Tax Abatement for GATR
<br />Participation of City for 15 years and County for 12 years
<br />Total EMV of $3,900,000 with Incremental EMV of $3,892,500
<br />Annual
<br />Period
<br />Ending
<br />1
<br />Total
<br />Estimated
<br />Market Value
<br />2
<br />Total
<br />Net Tax
<br />Capacity
<br />3
<br />Less:
<br />Non-
<br />Abated
<br />Net Tax
<br />Capacity
<br />4
<br />Retained
<br />Captured
<br />Net Tax
<br />Capacity
<br />5
<br />Times:
<br />Tax
<br />Capacity
<br />Rate
<br />6
<br />Maximum
<br />Tax
<br />Abatement
<br />City
<br />47.19%
<br />7
<br />Maximum
<br />Tax
<br />Abatement
<br />County
<br />51.98%
<br />8
<br />Maximum
<br />Tax
<br />Abatement
<br />School District
<br />42.48%
<br />9
<br />Total
<br />Tax
<br />Abatement
<br />10
<br />P.V.
<br />Annual
<br />Abate To
<br />12/31/15
<br />4.00%
<br />12/31/17
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />33,704
<br />12/31/18
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />32,408
<br />12/31/19
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />31,161
<br />12/31/20
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />29,963
<br />12/31/21
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />28,810
<br />12/31/22
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />27,702
<br />12/31/23
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />26,637
<br />12/31/24
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />25,612
<br />12/31/25
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />24,627
<br />12/31/26
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />23,680
<br />12/31/27
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />22,769
<br />12/31/28
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />21,893
<br />12/31/29
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />21,051
<br />12/31/30
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />20,242
<br />12/31/31
<br />3,900,000
<br />77,250
<br />113
<br />77,137
<br />146.431%
<br />36,454
<br />0
<br />0
<br />36,454
<br />19,463
<br />$546,814 $0 $0 1 $546,814 1 $389,722
<br />Public Sector Advisors
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