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• City = $72,759 <br />• County = $80,143 <br />• School = $65,502 <br />• State = $75,387 <br />• MV=$16,216 <br />• Other = $7,369 <br />TOTAL = $320,376 <br />Assuming the expansion is complete in 2018, based on current tax rates, it is fair to assume Sportech's <br />total abatement request will be complete in 12-13 years, versus the 20 year requested term. <br />Furthermore, the City's development fund will be reimbursed $1,288,590 between year 9-10 of the <br />term. <br />Description of Request —County <br />Sportech is requesting abatement in the amount of $811,845 from Sherburne County over a 15 year <br />term. If the county does not provide abatement, the city would be paid back for the land by year 18 of <br />the term, provided Sportech builds the 73,500 expansion. <br />Sportech is only requesting abatement for the initial building, not the taxes generated by the planned <br />expansion. <br />List of Shareholders/Partners <br />Envision, LLC (the real estate entity) <br />• Chris Carlson, 39.16% <br />• Deb Carlson, 36.19% <br />• Andrew Carlson, 10.84% <br />• Taylor Carlson, 10.84% <br />Sportech, Inc. (the business entity) <br />• Chris Carlson, 44.91% <br />• Deb Carlson, 44.91% <br />• Andrew Carlson, 5.09% <br />• Taylor Carlson, 5.09% <br />Legal Description & PID(s) <br />Lots 1 & 2, Nature's Edge Business Center, 2nd Addition <br />75-828-0205 and 75-828-0210 <br />