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<br />9/30/2004
<br />
<br />Metro Plains - BLUFF BLOCK
<br />CITY OF ELK RIVER - RIVERFRONT REDEVELOPMENT AREA
<br />60 Units of For Sale Single Faml1y and 10,000 Sq/Ft Retail
<br />DRAFT FOR DISCUSSON ONLY
<br />
<br />Page20r5
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<br />1::':;:::;::;;):: ::::';::::;::::::::::iT"if!;:c:ASH:P~WijA~O:NI:::):::::::::::::: :::::1 >:::i'::)1
<br />District New Redevelopment District
<br />County Dlltrlct fI
<br />Innation Rale. Every_ Years
<br />IntemalLoanRale
<br />Pay_As.You.Go Interest Rale:
<br />Nolelssued Dale (PreserrtValueDate)
<br />LocalTaxRate-Frozell
<br />Fiscal Disparities Electioll (A_inside or B oulside)
<br />Year District was certified
<br />Assumes First Tax Increment
<br />Assumel First Tax Increment ForDev
<br />Years ofTax Increment
<br />Assumes Lasl Year 01 Tax Increment
<br />
<br />Fiscal Disparities Ralio
<br />Fiscal Disparities Melro Wide Tax Rate
<br />localTaxRale-Currenl
<br />Slate Wide Property Tax Rate {Used for total laxes)
<br />Market Value Tax Rale (used for total taxes)
<br />
<br />Commerciallnduslrial Class Rale
<br />First 150,000
<br />Over 150,000
<br />
<br />
<br />3.00%
<br />4,0<1%
<br />6,75%
<br />01_Feb.05
<br />122_7140%
<br />WA
<br />Pay 2004
<br />2006
<br />2007
<br />26
<br />2031
<br />
<br />Pay2-0G4
<br />
<br />NfA
<br />NfA
<br />122.7140% Pay2004
<br />54,4470% Pay 2004
<br />0,07597% Pay2004
<br />
<br />1,5%-2.0% Pay2004
<br />1.50%
<br />2.00%
<br />
<br />
<br /> :vALt! .. ""
<br /> Property ..." Building Total Class Basa Data
<br />PlD Owner Market Value Market Value MlrketValue Rate TlxCanacltv Payable
<br />754050450 ECMP\<b",,'... 89,300 85,400 174,700 1,5%-2,0% 2,744 2004
<br />764050460F."a,ok""p!oG<" 118,400 139,200 257,600 1,5%.2.0% 4,402 2004
<br />764050470l,,,,N.d.,.. 117.200 11B,200 235,400 1.5%-2.0% 3,958 2004
<br />754040140 3,500 0 3,500 1.5%-2_0% 53 2004
<br />754050141 200 0 200 1.5%-2_0% , 2004
<br />754050410 72,700 307,700 3BO,400 1.5%-2_0% 8,858
<br />754050420 58,500 6B.100 125,600 1,5%-2.0% 1,899
<br />754050430 57,000 65,200 122,200 1,5%-2.0% 1,833
<br />754050440 97.200 90,700 187,900 1,5%-20% 3,OOB
<br />Totals Current Use 1,488,500 24,758
<br />Totals For Sale Use 12,000,000 92.66% 1,379,305 1.00% 13,793
<br />Totall Retail UIe 950,000 7.34% 109,195 1.15%-2.0% 1,638
<br />Totall NEW Ula 1,488,500 115,431
<br />
<br />Note:
<br />1. Market valuu are pay 2004 pl!rrev!l!wofCountyrecon:ls'm 2.23-0<1
<br />
<br />Markel Value Taxes Per
<br />S .Ft./Unltl _.FtJUnlts
<br />200,000.00 2,606.22
<br />95.00 3.31
<br />
<br />Q1!iI ,ORMATlQ
<br />Total
<br />Taxes
<br />156,373
<br />33,054
<br />
<br />Clan
<br />....
<br />1_00%
<br />1.5%-2.0%
<br />
<br />Dste
<br />Payable
<br />2006
<br />2006
<br />
<br />Uae Total
<br />Phase Sq. FtJUnlls
<br />For Sale 60
<br />Retail 10,000
<br />ExistinoTaxCanacitv
<br />
<br />Market
<br />Value
<br />12,000,000
<br />950,000
<br />o
<br />Total 189,427 12,950,000
<br />. Tax eltlmates are baled upon developers estimates of market value, con structloncoatsandtaxespersqlrt,
<br />
<br />TaxCsnaclI"
<br />120.000
<br />1B,250
<br />8,471
<br />146,721
<br />
<br /> !CAt
<br /> Total Local Fiscal Local Fiacal State-wlde local Fiscal Slate-wlde Market Total
<br />U.. Tax Tax Disparities T.. DisparitIes Property Tax81 Dlaparilles Property Value Taxes
<br /> Can~~1tv Capacltv Tax Callacity Rate Tax Rate TuRate Taxes Taxes Taxes
<br />For Sale 120,000 120,000 0 1.22714 0_0??oo 0.64447 147,257 0 0 9,116 156.373
<br />Retail 1B.250 18,250 0 1_22714 0,00000 0.54447 22,395 0 9.937 722 33,OS4
<br />TOTAL 146,721 146,721 0 1.22714 0.00000 0.544-47 180,0<17 0 9,937 9,838 189,427
<br />
<br />Note: Elk River does not pay Flacal Dlsparltlessnd For Sale Homes do not pay State-wide property tax
<br />
<br />PreperedbyEhl.r.
<br />
<br />NewCashllow ..21~"wo edmln
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