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• Subsection 2-13. Estimated Impact on Other Taxing Jurisdictions <br /> The estimated impact on other taxing jurisdictions assumes that the redevelopment contemplated by the TIF <br /> Plan would occur without the creation of the District. However, the City has determined that such <br /> development or redevelopment would not occur "but for" tax increment financing and that, therefore, the <br /> fiscal impact on other taxing jurisdictions is $0. The estimated fiscal impact of the District would be as <br /> follows if the"but for"test was not met: <br /> IMPACT ON TAX BASE <br /> 2003/2004 Estimated Captured <br /> Total Net Tax Capacity(CTC) Percent of CTC <br /> Tax Capacity Upon Completion to Entity Total <br /> Sherburne County 61,339,933 161,845 0.2638% <br /> City of Elk River 14,994,764 161,845 1.0793% <br /> ISD No. 728 21,876,035 161,845 0.7398% <br /> IMPACT ON TAX RATES <br /> 2003/2004 Percent Potential <br /> Extension Rates of Total CTC Taxes <br /> • Sherburne County 0.444050 36.19% 161,845 71,867 <br /> City of Elk River 0.437820 35.68% 161,845 70,859 <br /> ISD No. 728 0.309530 25.22% 161,845 50,096 <br /> Other 0.035740 2.91% 161.845 5,784 <br /> Total 1.227140 100.00% 198,606 <br /> The estimates listed above display the captured tax capacity when all construction is completed. The tax rate <br /> used for calculations is the actual 2003/Pay 2004 rate. The total net capacity for the entities listed above are <br /> based on actual Pay 2004 figures. The District will be certified under the actual 2004/Pay 2005 rates,which <br /> were unavailable at the time this TIF Plan was prepared. <br /> Subsection 2-14.Supporting Documentation <br /> Pursuant to M.S. Section 469.175 Subd 1, clause 7 the TIF Plan must contain identification and description <br /> of studies and analyses used to make the determination set forth in M.S. Section 469.175 Subd 3, clause(2) <br /> and the findings are required in the resolution approving the TIF district. Following is a list of reports and <br /> studies on file at the City that support the Authority's findings: <br /> • Public Comment Summary <br /> • Historic Context Study Summary <br /> • Housing Plan Summary 2001-2005 <br /> • Market Potential Analysis Summary 2000-2010 <br /> • Zoning Information for Downtown District <br /> • Downtown Revitalization Project Planning&Project History <br /> • City of Elk River Tax Increment Financing Plan for Downtown Phase I Tax Increment Financing District No.22 2-8 <br />