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EXHIBIT B, PG. 1 <br /> TIF DISTRICT NO. 20 (Supermats) <br /> CASH FLOW ASSUMPTIONS <br /> 411 <br /> Pay-As-You-Go Interest Rate 0.00% <br /> Tax Extension Rate 1.11504 Pay 98 <br /> Inflation Rate 0.00% <br /> VALUE/RATE/CAPACITY <br /> Base Effective Tax <br /> Value Rate Capacity <br /> Value Information 50,000 2.70% 1,350 Pay 98 <br /> PROJECT INFORMATION <br /> Type of Total Taxes Per Total Tax Market Date <br /> Use Sq. Ft. Sq. Ft. Taxes Capacity Value Payable <br /> Industrial 38,000 $0.95 36,027 32,310 1,102,000 2000 <br /> Totals 38,000 36,027 32,310 1,102,000 <br /> BUT FOR ANALYSIS <br /> Current Market Value-Estimate 50,000 <br /> New Market Value-Estimate 1,102,000 <br /> Difference 1,052,000 <br /> Present Value at 0.00% 303,596 <br /> Difference 748,404 <br /> Value Likely to Occur Without TIF 0 <br /> Difference 748,404 <br /> • LOCAL MATCH ANALYSIS <br /> City contribution to project 12,000 <br /> Other contribution to project 0 <br /> Total local match to project 12,000 <br /> IMPACT ANALYSIS <br /> TAX CAPACITIES <br /> SHERBURNE 58,246,430 30,960 0.053% <br /> ELK RIVER 12,383,123 30,960 0.250% <br /> DISTRICT 728 26,390,619 30,960 0.117% <br /> TAX RATES <br /> SHERBURNE 0.272350 30,960 8,432 <br /> ELK RIVER 0.262550 30,960 8,129 <br /> DISTRICT 728 0.565390 30,960 17,504 <br /> OTHER 0.014750 30,960 457 <br /> TOTALS 1.115040 34,522 <br /> Cashflow analysis prepared by CITY OF ELK RIVER 7/21/98 <br />