Laserfiche WebLink
CITY OF ELK RIVER <br /> TAX REBATE FINANCING PROJECTION WORKSHEET <br /> Project Name: Elk Path Professional Building <br /> TRF Project: 42,000-square foot office building <br /> Assumption: Final construction 12/31/02, assessed 1/01/03 for payable 2004 <br /> First TRF payment to developer available 2004 <br /> YEAR d <br /> State Class Rate ASSUMPTIONS <br /> Up to $150,000 0.015 Pay 2002 <br /> Over $150,000 0.020 Pay 2002 <br /> Tax Capacity Rate <br /> City Portion 0.436 Pay 2002 <br /> County Portion 0.47577 Pay 2002 <br /> School District Portion 0.45969 Pay 2002 <br /> State Portion 0.57933 Pay 2002 <br /> Proposed } roj�±C � <br /> Land Value $: ,,,,;;:,:548t600-;;Da: <br /> • Building Value $ �Z9�5660 00; <br /> Total Market Value $ : , 3,346x2.QCk,OQ <br /> Years of TRF Project <br /> Property's Total Tax Capacity $ 66,174.00 <br /> pry rfiy' ax � � n . .. n€of Estirri t r Total;'!`kret <br /> City Portion $ 28,851.86 $ 288,518.64 <br /> County Portion $ 31,483.60 $ 314,836.04 <br /> School District Portion $ 30,419.53 $ - <br /> State Portion $ 38,336.58 $ - <br /> Joint city& County Portion $ 60,335.47 $ 603,354.68 <br /> rg t equ4st*d•AmQur>t!' U ;ac djk ... g$400,q,gcti WFR$ eaks g' <br /> City 1/2: $200,000 6.93 <br /> County 1/2: $200,000 6.35 <br /> *Amount of abatement will vary depending on market value,tax rates,class rates,construction schedule and inflation on MV. <br /> FILE:JoliverTRF.xls 5/10/02 <br /> • <br />