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• • • <br /> EXHIBIT D <br /> TAX INCREMENT FINANCING DISTRICT NO. 14 <br /> CASH FLOW ANALYSIS <br /> *1997 1998 1999 2000 2001 2002 ***2003 <br /> Original Net Tax Capacity(1) $ 2,369 $2,440 $2,513 $2,772 $2,855 $2,940 $ 3,028 <br /> Total Net Tax Capacity $2,369 $16,800 $16,800 $16,800 $16,800 $16,800 $ 16,800 <br /> Captured Net Tax Capacity $0 $14,360 $14,287 $14,028 $13,945 $13,860 $ 13,772 <br /> Estimated Tax Rate (2) 103.497 103.497 103.497 103.497 103.497 103.497 103.497 <br /> Captured Tax Increment $14,863 $14,787 $14,519 $14,433 $14,345 $0 <br /> Cumulative Captured Tax Increment $29,650 $44,169 $58,602 $72,947 $ 72,947 <br /> (1) Assumes a three percent(3%) annual increase in original tax capacity. <br /> (2) Based on a payable 1996 tax rate. This rate will change in 1997 and in subsequent years; <br /> This will result in a change in the actual amount of tax increment collected by the city. <br /> * Taxes will be generated in 1997, but no increment will be collected. The first year an increment <br /> will be collected is 1998 and is based on a finished market value as of January 1, 1997. <br /> ** Assumes no construction value as a January 1, 1996. <br /> ***The District is decertified December 31, 2002, and taxes generated in 2003 will be collected by the local <br /> taxing jurisdictions. <br />