Laserfiche WebLink
TIF DISTRICT NO. 16 <br /> CASH FLOW ASSUMPTIONS <br /> • Pay-As-You-Go Interest Rate 6.00% <br /> Tax Extension Rate 1.03497 Pay 96 <br /> Inflation Rate 0.00% <br /> VALUE/RATE/CAPACITY <br /> Base Effective Tax <br /> Value Rate Capacity <br /> Value Information 0 4.40% 0 Pay 96 <br /> PROJECT INFORMATION <br /> Type of Total Taxes Per Total Tax Market Date <br /> Use Sq.Ft. Sq.Ft. Taxes Capacity Value Payable <br /> Commercial 14,000 $3.25 45,539 44,000 1,000,000 1999 <br /> Totals 14,000 45,539 44,000 1,000,000 <br /> BUT FOR ANALYSIS <br /> Current Market Value-Estimate 410,000 <br /> New Market Value-Estimate 1,000,000 <br /> Difference 590,000 <br /> Present Value of Tax Increment 490,640 <br /> Difference 99,360 <br /> Value Likely to Occur Without TIF 0 <br /> Difference 99,360 <br /> • <br /> IMPACT ANALYSIS <br /> TAX CAPACITIES <br /> SHERBURNE 57,579,856 44,000 0.076% <br /> ELK RIVER 10,694,856 44,000 0.411% <br /> DISTRICT 728 22,502,787 44,000 0.196% <br /> TAX RATES <br /> SHERBURNE 0.235740 44,000 10,373 <br /> ELK RIVER 0.240330 44,000 10,575 <br /> DISTRICT 728 0.545300 44,000 23,993 <br /> OTHER 0.013600 44,000 598 <br /> TOTALS 1.034970 45,539 <br /> Cashflow analysis prepared by CITY OF ELK RIVER 12/20/96 <br />