5.10 PCSR 08-22-1995 - Laserfiche WebLink

Home Browse Search

• • • EXHIBIT D TAX INCREMENT FINANCING DISTRICT NO. 13 CASH FLOW ANALYSIS *1996 1997 1998 1999 2000 2001 2002 2003 ***2004 Original Net Tax Capacity(1) **$938 $966 $995 $1,025 $1,056 $1,087 $1,120 $1,158 $1,118 Total Net Tax Capacity $938 M20.= $27.150 =El 827.150 $27.150 $27.150 $27.150 $27.150 Captured Net Tax Capacity $0 $0 $26,155 $26,125 $26,094 $26,063 $26,030 $25,996 $25,962 Estimated Tax Rate(2) 1.04247 1.04247 1.04247 1.04247 1.04247 1.04247 1.04247 1.04247 1.04247 Captured Tax Increment $27,266 $27,235 $27,202 $27,170 $27,135 $27,100 $0 Cumulative Captured Tax Increment $54,501 $81,703 $108,873 $136,008 $163,108 $163,108 (1) Assumes a three percent (3%) annual increase in original tax capacity. (2) Based on a payable 1995 tax rate. This rate will change in 1996 and in subsequent years; This will result in a change in the actual amount of tax increment collected by the city. * Taxes will be generated in 1996 and in 1997, but no increment will be collected. The first year an increment will be collected is 1998 and is based on a finished market value as a January 1, 1997. The 1997 net tax capacity value in this illustration assumes the project is seventy-five percent (75%) completed as of January 1, 1996. ** Assumes no construction value as a January 1, 1995. *** The District is decertified December 31, 2003, and taxes generated in 2004 will be collected by the local taxing jurisdictions.