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Projected Tax Abatement Report
<br /> City of Elk River, Minnesota
<br /> Proposed Tax Abatement for Morrell
<br /> Initial Analysis based on Request: City Participation for 15 Years
<br /> Total EMV of$859,000
<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 12/31/15
<br /> 47.19% 51.98% 42.48%
<br /> (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) 4.00%
<br /> 12/31/17 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 7,496
<br /> 12/31/18 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 7,207
<br /> 12/31/19 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 6,930
<br /> 12/31/20 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 6,664
<br /> 12/31/21 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 6,407
<br /> 12/31/22 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 6,161
<br /> 12/31/23 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 5,924
<br /> 12/31/24 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 5,696
<br /> 12/31/25 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 5,477
<br /> 12/31/26 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 5,266
<br /> 12/31/27 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 5,064
<br /> 12/31/28 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 4,869
<br /> 12/31/29 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 4,682
<br /> 12/31/30 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 4,502
<br /> 12/31/31 859,000 17,180 0 17,180 146.431% 8,107 0 0 8,107 4,329
<br /> $121,609 $0 $0 $121,609 $86,674
<br /> Public Sector Advisors
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